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Brazil Sees Oil Output Growing 10% in 2022

Mar 24, 2022

Brazil's oil production is expected to increase by around 300,000 barrels a day in 2022, an increase of 10% from last year, Minister of Mines and Energy Bento Albuquerque said on Wednesday.Albuquerque's statement was made at the opening of an…

PM Johnson: UK Needs to Go Big on Nuclear and Offshore Wind

Mar 24, 2022

Britain's new energy security strategy will look to expand domestic nuclear and offshore wind capacity to bolster the country's energy independence and bring down the cost of living in the future, Prime Minister Boris Johnson said on Thursday…

PXGEO Taps CGG for OBN Seismic Imaging Project in Brazil

Mar 24, 2022

French offshore seismic surveyor CGG has secured a two-part Ocean Bottom Node (OBN) seismic imaging project by PXGEOover the Sapinhoá Shared Reservoir in the Santos Basin offshore Brazil.'The resulting data will bring improved geological insight to the asset operator…

Indigenous Australians Ask S. Korea Court to Block Loans to $3.6B Offshore Gas Project

Mar 24, 2022

A group of Indigenous Australians has gone to court in South Korea seeking to block the country's export credit agencies from funding a deep-sea gas pipeline for the $3.6 billion Barossa gas project off northern Australia.People from the Tiwi…

Schottel, Lyon Shipyard in U.S. Offshore Wind Push

Mar 23, 2022

Schottel said Wednesday it had reached an agreement with Norfolk-based Lyon Shipyard that positions both companies for the expansion of the U.S. offshore wind industry. The maritime propulsion specialist said the agreement was established based…

Prysmian to Invest 1 Billion Euros in 2022-2024 Period

Mar 23, 2022

Italy's Prysmian said on Wednesday it would invest a total of one billion euros ($1.1 billion) in the 2022-2024 period.The plan - parts of which had already been announced to investors - includes investments for a new submarine cable factory…

Foss to Develop Offshore Wind Terminal in New Bedford

Mar 23, 2022

The Port of New Bedford in Massachusetts will add another base of operations and terminal logistics facility to support offshore wind projects off the northeastern coast seaboard.Foss is partnering with key local investors of New Bedford’s Cannon…

Fortescue Future Industries Buys PSV from MMA Offshore for Green Ammonia Conversion

Mar 23, 2022

Australian offshore vessel owner MMA Offshore has completed the sale of the vessel “MMA Leveque” to a subsidiary of Fortescue Future Industries (“FFI”) for US$7.75M.FFI plans to convert the 74.87 meters long platform supply vessel to dual fuel…

ORE Catapult Appoints Jane Stewart as Non-Exec Director

Mar 23, 2022

Offshore Renewable Energy (ORE) Catapult, the UK-based research, and innovation center for offshore wind, wave, and tidal energy, has appointed Jane Stewart as a Non-Executive Director.'A Chartered Accountant with a background in private equity…

ONGC Commissions New Offshore Water Injection Platform

Mar 23, 2022

Indian national oil and gas company ONGC has informed it has commissioned a new offshore water injection platform WIS-R in the Arabian sea, offshore India.The platform will boost oil and gas recovery under Mumbai High Phase-IV redevelopment (MHSRD-IV)…

Russia Warns of Sharp Caspian Pipeline Oil Export Drop After Storm

Mar 23, 2022

Russian and Kazakhstan oil exports via the Caspian Pipeline Consortium (CPC) from the Black Sea may fall by up to 1 million barrels per day (bpd), or 1% of global oil production, due to storm-damaged berths, a Russian official said on Tuesday…

Maritime Comms Specialist Inmarsat Attracts First Offshore Wind Client

Mar 23, 2022

Mobile satellite communications provider Inmarsat has reached an integrated connectivity agreement with Norwind Offshore, a Norwegian offshore wind vessel owner established in 2021.The agreement covers connectivity and digitalization needs for…

Russian Gas Deliveries to Europe Dip Slightly

Mar 23, 2022

Russian gas deliveries to Europe through the Nord Stream 1 pipeline across the Baltic Sea dipped slightly on Wednesday, while gas continued to flow eastwards from Germany into Poland along the Yamal-Europe pipeline.Flows to Germany through Nord Stream 1 stood at 65…

Dutch Bank ING Ends Financing for New Oil and Gas Projects

Mar 23, 2022

ING Groep NV will no longer finance new oil and gas projects, its energy chief said, one of the first major global banks to commit to such a step in the fight against climate change.The move by the Dutch financial services firm raises pressure…

BP, Marubeni in Japanese Offshore Wind Partnership

Mar 23, 2022

BP, the British oil major with growing renewables ambitions, has partnered up with Marubeni, the major Japanese integrated trading and investment conglomerate, to explore 'a selected offshore wind development opportunity in Japan.'The companies…

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