Latest News - page 416

 

Australian Gov't Says Hunter Area Suitable of Offshore Wind Farms

Jul 13, 2023

The Australian Government has declared an area in the Pacific Ocean off the Hunter, New South Wales (NSW) as suitable for future offshore wind development.The announcement follows the declaration of Gippsland off the Victorian coast and will improve energy security…

Iran Says Foreign Ministry will Follow up On Durra Field

Jul 13, 2023

Iran's foreign ministry will follow up on the Durra gas field known as Arash in Iran, the country's Oil Minister Javad Owji said on Wednesday according to semi-official Tasnim news agency.Kuwait and Saudi Arabia have 'exclusive rights' in the Durra gas field in the Gulf…

Ithaca Energy Takes Full Ownership of Fotla Discovery. Adds Three Offshore Blocks to Portfolio

Jul 13, 2023

UK North Sea-focused oil company Ithaca Energy has signed a deal to acquire a 40% stake in the Fotla Discovery it doesn't already own and three offshore exploration licenses from Spirit Energy.'The acquisition, which is subject to the satisfaction…

Biden Admin Urged to Stop 'fast-tracking' Gulf Oil and Gas Reviews

Jul 13, 2023

Six environmental groups on Wednesday asked the Biden administration to end the 'routine fast-tracking' of offshore oil and gas projects in the Gulf of Mexico, which they claim undermines environmental protections and safety.Earthjustice, the Sierra Club…

Woodside Returns Trinidad Offshore Exploration Block Found Uneconomic

Jul 13, 2023

Australia's Woodside Energy Group has returned a deepwater block to the Trinidad and Tobago government after an exploration appraisal found it would be uneconomic to develop, a company spokesperson said on Wednesday.Trinidad and Tobago is pushing…

Aker BP Raises Guidance after Q2 Profits Jump on Record Oil Production

Jul 13, 2023

Norwegian oil group Aker BP on Thursday reported a rise in second-quarter earnings that matched expectations as record production offset weaker prices for oil and gas, and lifted its full-year production outlook. Norway's second-largest listed oil company…

Weatherford Bags 5-year Intervention Services Deal with Brazil's Petrobras

Jul 13, 2023

Texas-based oilfield services company Weatherford has won a five-year contract to provide Intervention Services for Petróleo Brasileiro S.A. ('Petrobras') in Brazil.'Weatherford has performed Intervention Services in Brazil for more than 20…

NYK Commences Operation of CTV for Offshore Wind Farm

Jul 13, 2023

NYK has delivered Rera As, an NYK-owned crew transport vessel (CTV), to Siemens Gamesa for the Ishikari Bay New Port offshore wind farm.The ClassNK certified vessel is the first CTV owned and operated by the NYK Group and is largest gross tonnage…

Massive UK Offshore Wind Farm Project Gets Development Consent

Jul 12, 2023

The British government granted development consent for the Hornsea 4 offshore wind farm project on Wednesday. The project, being developed by Danish wind developer Orsted will be located off the Yorkshire coast in England. The wind farm will have a capacity of up to 2…

Seafloor Data Firm Bedrock Raises $25.5 M to Accelerate Offshore Wind Energy Development

Jul 12, 2023

Seafloor data acquisition and distribution firm Bedrock has said it has secured $25.5 million in its Series A funding round, bringing its total funding to date to $33.5M. The funds will be utilized to bring its data offering to the offshore wind market this year…

BP, Total Win in $14B German Offshore Wind Site Tender

Jul 12, 2023

Oil majors BP and TotalEnergies emerged as the winners in a 7 gigawatt (GW) offshore wind site auction in Germany worth 12.6 billion euros ($13.96 billion), highlighting the appeal of renewable assets across Europe.The move comes as European…

McDermott Bags Major Subsea Pipeline, Cable Order in Qatar

Jul 12, 2023

Offshore installation firm McDermott has secured a major subsea pipelines and cables engineering, procurement, construction, and installation (EPCI) project from Qatargas.The award is related to the North Field Production Sustainability (NFPS) Offshore Fuel Gas Pipeline and Subsea Cables Project…

Hornbeck Offshore Eyes U.S. Offshore Wind Work with OSV-to-SOV Conversion Project

Jul 12, 2023

U.S. offshore vessel owner Hornbeck Offshore Services, best known for its offshore oil and gas support vessel services, is looking at business opportunities in the growing U.S. offshore wind sector as well as in offshore accommodation services in the oil and gas area…

Germany Tells UN: Nord Stream Inquiry Found Subsea Explosive Traces on Yacht

Jul 12, 2023

Germany found traces of subsea explosives in samples taken from a yacht that it suspects 'may have been used to transport the explosives' to blow up the Nord Stream gas pipelines, it told the U.N. Security Council in a letter with Sweden and Denmark…

Equinor's Mongstad Refinery Reduces Output after Lightning Strike

Jul 12, 2023

Equinor has evacuated some staff and reduced output at its Mongstad oil refinery on Norway's west coast after a lightning strike near the plant disrupted power supplies, it said on Wednesday.Mongstad is Equinor's largest refinery with a crude oil and condensate distillation capacity of 226…

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