Latest News - page 241

 

Equinor Finds Oil at Mistral Exploration Well in Norwegian Sea

Mar 04, 2025

Equinor and its partners have made an oil discovery at Mistral exploration well, located in the southern Norwegian sea.The well 6406/6-7S in the PL1119 license was drilled using Odfjell Drilling’s Deepsea Atlantic drilling rig.The well was drilled to a vertical depth of 4…

Global Offshore Wind Prospects to Rebound in 2025

Mar 03, 2025

The global offshore wind industry is poised for a rebound in 2025, with capacity additions expected to reach 19GW and sector-wide expenditure projected to hit $80 billion, according to research from Rystad Energy.This recovery follows a slowdown at the end of last year…

Fugro Restarts US Hydrocarbon, LNG Projects After Trump Win

Mar 03, 2025

Dutch geological data specialist Fugro has restarted multiple projects in the U.S. hydrocarbon and LNG sectors since Donald Trump's election and is optimistic about offshore wind development in Asia and Europe, its CEO told Reuters on Friday…

Bad Weather Delays Startup of Equinor's Johan Castberg Oil Field

Mar 03, 2025

The startup of oil production from Equinor's Arctic Johan Castberg field has been delayed again due to bad weather, a spokesperson for the Norwegian energy company said on Monday.Castberg is set to become the second producing oilfield in the…

Germany Says Nord Stream 2 Pipeline Cannot Be Used

Mar 03, 2025

The Nord Stream 2 Baltic Sea gas pipeline is not certified and therefore could not be used, a German government spokesperson said on Monday in response to a report about potentially bringing the pipeline on stream.'The Nord Stream 2 pipeline is not certified and therefore could not be used at all…

Australia Grants Feasibility Licenses for 3.2GW Offshore Wind Projects

Mar 03, 2025

The government of Australia has granted feasibility licenses for two offshore wind projects with a total planned capacity of 3.2 GW, to be developed off the coasts of New South Wales and Victoria.The feasibility licenses have been awarded for the Southern Ocean and Hunter zones…

Valeura Wraps Up Infill Drilling Campaign in Gulf of Thailand

Mar 03, 2025

Canada-based oil and gas company Valeura Energy has completed an infill drilling campaign at the Manora field, offshore Gulf of Thailand.Manora field is located in license G1/48, where Valeura Energy holds a 70% operated working interest.Valeura drilled a five well program…

VAALCO Energy Takes Operatorship of West African Oil and Gas Block

Mar 03, 2025

Africa-focused oil and gas company VAALCO Energy has farmed into the CI-705 block offshore Côte d’Ivoire, becoming the operator of the block with ‘significant prospectivity’.VAALCO will become operator of the block with a 70% working interest…

Paratus Receives Early Terminations for Two Jack-Ups Operating Off Mexico

Mar 03, 2025

Paratus Energy Services, through its wholly-owned subsidiary Fontis Holdings, has received a notice from its client for early termination of the drilling contracts for Courageous and Intrepid jack-up drilling rigs due to ‘unfavorable contract terms’…

PRIO Secures Drilling Permit for Ops at Wahoo Field

Mar 03, 2025

Brazilian oil and gas firm PRIO, formerly PetroRio, has secured a drilling license from the Brazilian Institute of the Environment and Renewable Natural Resources (IBAMA) for the Wahoo field in the Campos Basin, offshore Brazil’s state Espírito Santo…

EnerMech Gets ONE Guyana FPSO Pre-Commissioning Job

Mar 03, 2025

Energy industry services firm EnerMech has been selected to carry out pre-commissioning work on the ONE Guyana FPSO for Guyana Deepwater Operations, SBM Offshore’s subsidiary in Guyana.The FPSO is currently on its way to Guyana, having departed Singapore in February…

Guyana Says Venezuelan Vessel Entered Contested Waters

Mar 02, 2025

Guyanese President Irfaan Ali said on Saturday that a Venezuelan coast guard patrol entered Guyanese waters earlier in the day, approaching an output vessel in an offshore oil block managed by Exxon Mobil.The South American neighbors are involved…

Petrobras Ups Ship Orders to 48 by 2026

Mar 02, 2025

Brazilian state-run oil firm Petrobras will commission four more support vessels by 2026, Chief Executive Magda Chambriard told Reuters, increasing the number of new ships aimed at supporting its operations to 48 by 2026.The reinforcement of…

Industry: 'Unviable Business Case' to Blame for Denmark's OW Tender Failure

Feb 28, 2025

The Danish Energy Agency has published a memo with the results of the market dialogue conducted to investigate the background for the failure of the 3 GW offshore wind procurement in the North Sea.The overall purpose of the market dialogue has…

Xodus Delivers Jobs Guide for Australia’s Marinus Link Interconnector

Feb 28, 2025

Global energy consultancy Xodus has delivered a future-looking guide on the jobs that will be required to deliver a major Australian interconnector project to connect North West Tasmania with Victoria, known as the Marinus Link.Marinus Link…

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