Latest News - page 418

 

Fagerland Takes the Helm as CEO of Aker Carbon Capture

Jul 11, 2023

Aker Carbon Capture announces the appointment of Egil Fagerland as its new Chief Executive Officer with effect from today, July 11, 2023. Fagerland will replace Valborg Lundegaard, who is stepping down to focus on her health and family. Fagerland…

Petrobras Makes History, Sells First FPSO for Green Recycling in Brazil

Jul 11, 2023

In a first, Brazilian oil company Petrobras last week reportedly sold the P-32 FPSO for sustainable recycling in Brazil, paving the way for the development of the local ship recycling industry.The sale of the floating unit P-32 reportedly took place on July 7…

Africa Oil Corp. Expands Interest in Block 3B/4B Offshore South Africa. Plans Underway for Two-well Drilling Campaign

Jul 11, 2023

Africa Oil Corp. has entered an agreement to increase its operated working interest (“WI”) in Block 3B/4B, located in the Orange Basin offshore South Africa and, the company says, on trend with the Venus, Graff, La Rona and Jonker oil discoveries in the nearby Namibia…

Danish Green Energy Investor CIP Secures $6B for New Fund

Jul 11, 2023

Danish green investment company Copenhagen Infrastructure Partners (CIP) has raised 5.6 billion euros ($6.13 billion) for its latest fundand expects to meet its full 12 bln euro target amid undiminished global investor appetite, it said on Monday…

Deep-sea Mining: A New Gold Rush or Environmental Disaster?

Jul 10, 2023

In the depths of the Pacific Ocean between Mexico and Hawaii, trillions of potato-shaped rocks are scattered across the seabed - containing minerals such as nickel, cobalt and manganese vital for new green technologies in the global energy transition…

Former BOEM Head Amanda Lefton Joins RWE

Jul 10, 2023

German energy company RWE announced it has hired Amanda Lefton as Vice President of Offshore Development, U.S. East.Lefton was previously Director of the U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) during a period of sigificant growth for the U…

Wellesley Petroleum, Partners Make 'Norway's Largest Offshore Discovery since 2013'

Jul 10, 2023

Norwegian oil and gas company DNO on Monday announced a significant gas and condensate discovery on the Carmen prospect, claiming it to be the largest discovery offshore Norway since 2013.Wellesley Petroleum the operator of the offshore license PL1148 in the North Sea…

Havfram Wind Orders Additional Huisman Cranes for WTIV Pair

Jul 10, 2023

Dutch offshore crane maker Huisman has won another contract from Havfram Wind, an offshore wind turbine installation contractor, for the delivery of two packages of Auxiliary Cranes for both of the company’s NG-20000X-HF Wind Turbine Installation Vessels…

Kuwait, Saudi Arabia Have 'Exclusive rights' in Durra Offshore Gas Field - Kuwait Oil Minister

Jul 10, 2023

Kuwait and Saudi Arabia have 'exclusive rights' in the Durra gas field in the Arabian Gulf, Kuwait Oil Minister Saad Al Barrak said on Sunday, and he called on Iran to validate its claim to the field by demarcating its own maritime borders first…

McDermott Chosen for Offshore Decommissioning Work in Australia

Jul 10, 2023

Offshore energy industry services provider McDermott has secured a contract for offshore decommissioning work in Australia with the oil and gas firm Woodside Energy.The contract calls for the complete removal of the Stybarrow disconnectable…

Oil and Gas Firms Set to Spend $58 Billion on Well Intervention in 2023

Jul 10, 2023

Oil and gas companies are set to spend $58 billion on well intervention – a way to extract additional resources from an existing well instead of drilling a new one – in 2023, the Norwegian energy intelligence group Rystad Energy said.Rystad…

Unite Ballots Petrofac Offshore Workers on Strike Action

Jul 10, 2023

Unite the union confirmed Friday that offshore workers employed by Petrofac Facilities Management Limited in the UK will be balloted on strike action.Around 80 Unite members contracted to work on Ithaca Energy’s FPF1 platform, Captain WPP, Captain floating production…

PetroNor: Output from Congo's PNGF Sud Field Grew to 30,330 bopd in 1H 2023

Jul 10, 2023

Oil and gas company PetroNor E&P said Monday that production from the Perenco-operated PNGF Sud field complex offshore the Republic of Congo (Congo Brazzaville), grew to 30,330 bopd in the first half of 2023.'This is equivalent to 5,105 bopd…

TotalEnergies and SOCAR Kickstart Production from Absheron Offshore Field

Jul 10, 2023

French oil major TotalEnergies and its partner SOCAR, Azerbaijan's national oil firm, have started production of the first phase of development of the Absheron gas and condensate field in the Caspian Sea, around 100 km south-east of Baku.This…

Hibiscus Petroleum's Teal West Offshore Project One Step Closer to FDP Approval

Jul 10, 2023

Anasuria Hibiscus UK Limited, a subsidiary of the Malaysian oil and gas company Hibiscus Petroleum said it has received the consent for the Environmental Statement for the Teal West Development in the UK.The consent was granted by the Offshore…

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