Latest News - page 274

 

Coalition Forms to Combat US Offshore Wind

Aug 08, 2024

U.S. activists opposed to offshore wind development are forming a national coalition aimed at fighting projects from California to New England, according to the effort's founder and two other organizations.The National Offshore-wind Opposition Alliance…

Havila Shipping Secures Work for Its PSV

Aug 08, 2024

Norwegian offshore support vessel owner Havila Shipping has entered into contract with Peterson Den Helder for its platform supply vessel (PSV) Havila Borg.The contract, whose value was not disclosed, is for a firm period of two wells estimated to 200 days…

AI Tools Lift ADNOC's SARB Field Production Capacity for 25%

Aug 08, 2024

Abu Dhabi National Oil Company (ADNOC) has started Artificial Intelligence (AI)-enabled digital operations at its offshore Satah Al Razboot (SARB) field, achieving 25% increase in production capacity with the help of advanced digital technologies…

Equinor's Platform Supply Vessel Set to Operate on Gasum’s bio-LNG

Aug 08, 2024

Gasum and Equinor have launched a series of liquefied biomethane (bio-LNG) bunkering operations in Norway's Port of Dusavik, with bio-LNG being bunkered to Equinor’s chartered platform supply vessel Island Crusader.The first bio-LNG delivery was successfully carried out mid-July…

Italian Firm Gets Electrolyser Assembly Job for Dutch Offshore Wind Farm

Aug 08, 2024

CrossWind has awarded Fores Engineering, a subsidiary of the Rosetti Marino Group, a contract for the assembly of 2.5 MW offshore electrolyser for the Hollandse Kust Noord offshore wind farm.The contract is for the assembly of a 2.5 MW Offshore…

RINA Clears Saipem’s Protocol for Subsea Hydrogen Pipeline Materials

Aug 08, 2024

Italian classification and marine engineering consultancy RINA has issued two certifications for Saipem’s methodology of qualification of the performances of subsea hydrogen pipelines.One of the challenges of transporting hydrogen through converted…

Harbour Energy Shrinks Full-Year Production Outlook

Aug 08, 2024

Harbour Energy, the largest British North Sea oil and gas producer, reported a net profit for the first half of the year from a year-earlier loss and narrowed its full-year 2024 total production outlook on Thursday.Following a spike in energy prices in 2022…

SBM Offshore to Build FSO for Woodside’s Trion Development Off Mexico

Aug 08, 2024

Dutch FPSO leasing specialist SBM Offshore has signed a contract with Woodside for the construction of a floating storage and offloading (FSO) unit for the Trion deepwater oil field, located in the Perdido Belt of the western Gulf of Mexico…

Oxy Beats Second-quarter Profit Estimates

Aug 07, 2024

Occidental Petroleum on Wednesday beat Wall Street estimates for second-quarter profit, in the first results since it closed the $12 billion acquisition of CrownRock last week.The Houston-based oil and gas firm benefited from higher oil production and a rise in crude prices…

Improved Security Lifts Nigeria's Oil Output

Aug 07, 2024

Nigeria's oil output has risen to between 1.6 million and 1.7 million barrels per day after the government beefed up security to curb crude theft, Chief of Naval Staff Emmanuel Ikechukwu Ogalla said on Tuesday.Crude production in Nigeria, a…

Sea1 to Manage Viking Supply Ships' AHTS Fleet

Aug 07, 2024

Sweden-based Viking Supply Ships on Tuesday announced plans to outsource the management of its six anchor handling tug supply (AHTS) vessels to Sea1 Offshore, based in Norway.The management agreements are scheduled to be completed in October 2024…

Renewables Expert Zahirovic Joins ORE Catapult Board

Aug 07, 2024

The UK’s largest technology innovation and research center for offshore renewables, Offshore Renewable Energy (ORE) Catapult, announced it has appointed Maida Zahirovic, head of renewables at James Fisher & Sons plc, as a non-executive director…

Woodside Disputing Senegal Tax Assessment

Aug 07, 2024

Australia's Woodside Energy, which operates Sangomar oil and gas field in Senegal, said on Wednesday it had filed a court action in the capital Dakar over a tax assessment.The company, which holds an 82% participating interest in Senegal's first offshore project…

Equinor Exits Suriname

Aug 07, 2024

Equinor and ExxonMobil Corp said on Wednesday they have transferred their stakes in a deepwater oil and gas exploration block off Suriname to Hess Corp, with the Norwegian oil producer exiting the South American country.The exit aligns with…

Offshore Wind: Inside the Financial Web

Aug 07, 2024

Early 2024 saw a group of financial deals that have implications, in a broad sense, for how offshore wind projects may be financed. While offshore wind projects might be thought of as being in the ‘utility finance’ basket, they are ultimately…

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