Traders diverted at least six cargoes of liquefied natural gas that were on course for Asia to Europe earlier this month, drawn by higher European prices and amid weak Asian demand, according to analysts and shipping data.The diverted cargoes…
Swedish engineering consultancy AFRY has been selected by Enefit Green to deliver front-end engineering design (FEED) services for the 1 GW Liivi Bay offshore wind farm in Estonia.AFRY, in collaboration with its partners, the offshore energy engineering firms Enersea…
Engineering consultancy Wood has secured a new contract to provide long-term maintenance solutions for onshore and offshore assets in the Gippsland Basin, operated by Esso Australia, ExxonMobil's subsidiary.Supporting safe energy production…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production at Dongfang 29-1 gas project in the Yinggehai Basin, offshore China.The main production facilities at the project include a new unmanned wellhead platform and a subsea pipeline…
A group of Republican-led states filed a lawsuit on Friday challenging a ban announced by outgoing Democratic U.S. President Joe Biden earlier this month on new offshore oil and gas development along most U.S. coastlines.The lawsuit seeks a…
The Bureau of Ocean Energy Management (BOEM) today announced its approval of the Construction and Operations Plan for the SouthCoast Wind Project. This is the final approval needed for the project from BOEM following the Department of the Interior’s December 2024 Record of Decision…
Oil prices edged lower on Friday but remained on course for a fourth consecutive week of gains, as the latest U.S. sanctions on Russian energy trade added to worries about oil supply disruptions.Brent crude futures were down 41 cents, or 0.5%…
Rex International Holding Limited (Rex International Holding Group) announced that its subsidiary Lime Petroleum AS (LPA) has been offered a 33.8434 per cent participating interest in a new offshore licence in the 2024 Awards in Predefined Areas (“APA 2024”) round in Norway…
SLB beat analysts' estimates for fourth-quarter profit on Friday as the oilfield services provider benefited from higher demand for its drilling equipment and technology in North America and international markets.Excluding charges and credits…
Global aquaculture production has already exceeded wild fisheries production, and space constraints in coastal areas have driven interest in the viability of combining aquaculture with offshore energy installations. New ideas keep coming.An…
Donald Trump's pick to lead the Interior Department, Doug Burgum, said on Thursday he will vigorously pursue the president-elect's goals of maximizing energy production from U.S. public lands and waters, calling it key to national security.Burgum's…
The US Bureau of Ocean Energy Management (BOEM) has finalized guidance aimed at mitigating the impacts of offshore wind energy projects on commercial and for-hire recreational fisheries.It provides a national framework for addressing social…
Liebherr is highlighting its bearing solutions as a way of reducing a company’s environmental footprint.Slewing bearings and slew drives are at the heart of machines in a wide range of applications, including excavators, cranes, tunnel boring machines…
Allseas has commissioned MacArtney to replace existing hydraulic launch and recovery systems (LARS) with the all-electric eLARS on three vessels.The scope comprises three over-the-side 150 kN all-electric A-frames, including docking head and AHC winch…
As the risk of a delayed energy transition scenario increases, so does the possibility of a much greater pull on future oil and gas supply, but meeting this demand would require a significant increase in upstream investment, resulting in higher hydrocarbon prices…
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