Latest News - page 454

 

Elemental Energies Supports One of North Sea's Largest Subsea Decommissioning Campaigns

Oct 05, 2023

TotalEnergies has selected  Elemental Energies to support what has been described one of the largest subsea decommissioning campaigns to be undertaken in the North Sea.'The decommissioning of the wells portfolio in the Gryphon field [in the…

Allseas' Pioneering Spirit Takes on Challenging Pipelay Project for BP

Oct 05, 2023

Oil major BP has selected offshore installation contractor Allseas to complete the subsea pipelay scope for its ultra-deepwater Greater Tortue Ahmeyim (GTA) natural gas project offshore Mauritania and Senegal.Allseas will conduct the offshore…

Milan Prosecutors Push for Fraud Trial Over Failed 2019 Eni Tanker Deal

Oct 05, 2023

Italian prosecutors have requested a former senior Eni employee, the now chief of a UK oil firm, and others be sent to trial for allegedly defrauding Eni over the attempted sale of an oil cargo to the company, a document from the Milan prosecutor's office shows…

Norway: ConocoPhillips' Tommeliten A Offshore Field to Start Producing This Month

Oct 05, 2023

U.S. oil firm ConocoPhillips has received approval from the Norwegian authorities to start up its Tommeliten A field in the North Sea.ConocoPhillips estimates that around 24 million standard cubic meters (150 million barrels) of oil equivalent can be recovered from Tommeliten A…

Europe Can Slice CO2 Emissions 70% by 2050, Says Equinor Executive

Oct 05, 2023

The chief economist of oil major Equinor said on Wednesday that Europe could reduce carbon dioxide emissions by 70% by 2050, but said oil and gas investments must continue in ordre to keep pace with growth in demand. The CO2 cuts will mainly be due to the region's growth in electrification…

Japanese Shipping Giant Buys Into Norwegian Floating Wind Firm

Oct 05, 2023

Japanese shipping giant Mitsui O.S.K. Lines, Ltd. (MOL) has, following a recent private placement, become a shareholder in Odfjell Oceanwind, a Norwegian floating wind technology developer.'The transaction generates significant capital which…

Italy's Saipem Secures $4.1 Billion Contract for Offshore Project in UAE

Oct 05, 2023

Italy's Saipem, in consortium with Abu Dhabi's National Petroleum Construction Company (NPCC), has signed today a letter of award with ADNOC for an offshore construction contract related to the freshly sanctioned Hail and Ghasha Development Project in the United Arab Emirates…

Diverse Resources in Desperate Times

Oct 05, 2023

Offshore services vessels are designed for myriad activities in the maritime industry. But as multifunctional assets, they not only offer utilitarian capabilities that are indispensable for commercial diving, subsea construction, mining, and countless other activities…

Abu Dhabi's ADNOC Approves Multi-Billion-Dollar Hail and Ghasha Offshore Gas Project

Oct 05, 2023

Abu Dhabi-based oil and gas company ADNOC has reached the final investment decision and award of contracts for the Hail and Ghasha Offshore Development project offshore Abu Dhabi.Hail and Ghasha are part of Abu Dhabi’s Ghasha Concession which is set to produce more than 1…

Trinidad Doubles Shallow-Water Energy Auction

Oct 04, 2023

Trinidad and Tobago on Wednesday launched an auction of 13 shallow-water oil and gas exploration blocks, more than double the number of blocks in its last auction, as the Caribbean nation tries to increase energy supplies for its industrial based…

New England States Buy Offshore Wind Power as US Industry Struggles

Oct 04, 2023

Three U.S. states in New England - Massachusetts, Rhode Island and Connecticut - on Wednesday agreed to jointly procure offshore wind power as soaring interest rates and rising equipment and labor costs have made some projects uneconomic.By joining forces…

Exxon Mobil Finds Buyer for Adriatic LNG Terminal Stake

Oct 04, 2023

Exxon Mobil Corp chose BlackRock as the potential buyer for its majority stake in Italy's main liquefied natural gas (LNG) import terminal, the U.S. oil producer said in a statement.The stake sale drew interest from infrastructure funds and…

Nauticus Robotics to Acquire 3D at Depth in $34M All-stock Deal

Oct 04, 2023

Nauticus Robotics, a developer of autonomous vehicles and robots for data collection and intervention services for offshore industries, has agreed to acquire 3D at Depth, a specialist in commercial subsea laser LiDAR (Light Detection and Range) inspection and data services…

QatarEnergy Expands Footprint in Egypt with East Port Said Exploration Block Win

Oct 04, 2023

QatarEnergy confirmed Wednesday it had won a new exploration block offshore Egypt as part of the 2022 EGAS International Bid Round.The results of the competitive bid process were announced by Egypt’s Ministry of Petroleum and Mineral Resources…

Crown Estate Increases Capacity for Offshore Wind Licensing Round

Oct 04, 2023

Britain's Crown Estate said on Monday it has amended plans for an offshore wind licensing round which aims to create floating wind technology off the coast of Wales and south-west England to make more capacity available to bidders.The licensing…

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