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Australia's LNG Industry Takes Risky Bet on Carbon Capture: Russell

few minutes ago

Australia's vast liquefied natural gas (LNG) sector is betting its future on carbon capture and storage (CCS), a technology it says is vital to decarbonization and is proven.Convincing everybody else is going to be the tricky part, especially…

North Sea: Four Countries Plan to Install 150GW of Offshore Wind Capacity by 2050

few minutes ago

Germany, Belgium, the Netherlands, and Denmark will on Wednesday sign a pledge to build at least 150 gigawatts (GW) of offshore wind capacity in the North Sea by 2050, enough to power 230 million European homes, said the Danish energy ministry…

Romania Tweaks Tax Law to Drive Offshore Black Sea Gas Investments

few minutes ago

After years of stalling, Romanian lawmakers approved legislation on Wednesday to reduce taxes on future income from offshore gas projects, hoping it would unlock investment in the Black Sea to extract its sizeable reserves.As Europe grapples with an energy crisis amid the war in Ukraine…

Proserv to Monitor Cables at Equinor's Hywind Scotland Floating Wind Farm Using 'Disruptive' Tech

1 hour ago

UK-based Proserv said Wednesday it had secured a deal to supply its 'holistic' cable monitoring system (CMS), ECG, at Equinor’s Hywind Scotland floating offshore wind farm.The 30 MW Hywind Scotland pilot park, consisting of five 6 MW turbines…

Malaysia's Kimanis Crude Exports to Drop in July After Offshore Outage

2 hours ago

Exports of Malaysia's flagship Kimanis crude will fall in July following outages at two offshore oilfields near Sabah, according to a source familiar with the matter and a preliminary loading program.Six Kimanis crude cargoes will be loaded in July…

Borr Drilling Finds More Work for Saga Jack-up Drilling Rig

2 hours ago

Oslo-listed offshore drilling firm Borr Drilling has won a binding Letter of Award for its jack-up drilling rig 'Saga' from an undisclosed operator in Southeast Asia.The drilling program is expected to start in Q4 2022, in direct continuation of the current contract…

Japan's Inpex Targets Australia for Growth

2 hours ago

Inpex Corp, Japan's top oil and gas producer, wants to grow in Australia through expansion of its liquefied natural gas (LNG) output as well as hydrogen and nature-based carbon offset projects, a senior executive said on Wednesday.Inpex's $40…

Italy's Snam Signs FSRU Conversion Deal with Golar

3 hours ago

Italian gas group Snam has signed a contract with Golar LNG under which Golar will deliver the existing LNG Carrier 'Golar Arctic' as a floating storage and regasification unit (FSRU).Snam will install the FSRU in the port area of Portovesme…

Talos Energy Pauses Mexico Oil Arbitration Bid Amid High-level Talks - Reuters

3 hours ago

U.S.-based oil producer Talos Energy has temporarily suspended pursuit of an arbitration claim against Mexico amid high-level talks over one of the country's flagship offshore projects, five people close to the matter said.The dispute erupted…

Liberty Green Creates Offshore Wind Consortium

May 17, 2022

Liberty Green Logistics LLC, (Lake Success, NY) formed an offshore wind supply chain consortium to provide 'Factory to Farm' logistical support and integrated supply chain services to the U.S. offshore wind industry. The consortium is on a non…

Equinor Spuds First of Two Offshore Wells in Canada's Flemish Pass

May 17, 2022

The West Hercules semi-submersible drilling rig has started drilling the first of two exploration wells offshore Canada. Seadrill, the drilling contractor that manages the SFL-owned rig, shared the news on Tuesday in a social media post.The drilling is being conducted in the Flemish Pass Basin…

Crew Transfer Vessel-maker Strategic Marine Orders 50 Caterpillar Engines Citing Supply Chain Chaos

May 17, 2022

Singapore's Strategic Marine has ordered 50 of its C32 ACERT IMO III engines from Caterpillar dealer PT Trakindo Utama Singapore Branch, citing severe disruptions to the supply of what it says is critical shipbuilding equipment due to the pandemic…

Westwood: Offshore Drilling Rig Utilization Much Higher Than Typically Reported

May 17, 2022

By Teresa Wilkie, Research Director of RigLogix at Westwood Global EnergyUtilization is one of the key barometers of the health of the offshore rig market, as it identifies what percentage of the usable fleet is available versus what is not…

Helix Energy Solutions to Buy Alliance Companies to Boost Presence in Gulf of Mexico Decommissioning Space

May 17, 2022

U.S.-based offshore oil and gas services firm  Helix Energy Solutions Group is set to buy equity interests of Louisiana-baed Alliance group of companies for $120 million cash at closing, plus the potential for post-closing earnout consideration…

Chevron Sanctions $1.6B Ballymore Deepwater Project in U.S. Gulf of Mexico

May 17, 2022

U.S. oil major Chevron has sanctioned the Ballymore oil field development in the deepwater U.S. Gulf of Mexico. The project, with a design capacity of 75,000 barrels of crude oil per day,  will be developed as a three-mile subsea tieback to the existing Chevron-operated Blind Faith platform…

Current News

Australia's LNG Industry Takes Risky Bet on Carbon Capture: Russell

Australia's LNG Industry Takes Risky Bet on Carbon Capture: Russell

North Sea: Four Countries Plan to Install 150GW of Offshore Wind Capacity by 2050

North Sea: Four Countries Plan to Install 150GW of Offshore Wind Capacity by 2050

Romania Tweaks Tax Law to Drive Offshore Black Sea Gas Investments

Romania Tweaks Tax Law to Drive Offshore Black Sea Gas Investments

Proserv to Monitor Cables at Equinor's Hywind Scotland Floating Wind Farm Using 'Disruptive' Tech

Proserv to Monitor Cables at Equinor's Hywind Scotland Floating Wind Farm Using 'Disruptive' Tech

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