Yinson is aiming to leverage advanced carbon capture technology to reduce greenhouse gas emissions from its FPSO operations.The company announced its Yinson Production Offshore Pte Ltd arm has made a strategic investment in Ionada, developer of innovative carbon capture technology…
Offshore drilling contractor Shelf Drilling reports one of its jack-up rigs has secured a contract award with PetroVietnam Domestic Exploration Production Operating Company Limited (PVEP POC).The firm term of the contract is approximately 16 months…
Venezuela has begun contacting energy firms involved in an long-idled offshore gas project to push them to begin new exploration and operations near its maritime border with Guyana, five people close to the talks said.The request to act on blocks…
Occidental Petroleum said on Monday it would buy energy producer CrownRock in a cash-and-stock deal valued at $12 billion including debt, expanding in the lucrative Permian basin.Investors are pressing oil and gas producers to expand their inventories…
deugro reports that it has delivered a 15.8 x 13.2 x 17.2-m, 392-metric ton CO2 removal system from Rizhao to the COSCO Shipyard Qidong, China.The journey began in Rizhao, China and concluded at the COSCO Shipyard Qidong, spanning a domestic…
Van Oord’s heavy-lift installation vessel Svanen will receive a major upgrade. Among other improvements, the gantry crane will be extended by 25 meterss, making the vessel ready to handle the next generation of monopile foundations for offshore wind projects…
Vard, the Norwegian subsidiary of the Fincantieri Group, signed a contract for $200m to design and build a customized hybrid cable-laying vessel for Japan's Toyo Construction.The hybrid cable vessel will have a design specifically developed…
TotalEnergies has joined the Renewables for Subsea Power (RSP) collaborative project which is currently powering subsea equipment off the east coast of Orkney, Scotland, with wave power from Mocean Energy and intelligent subsea energy storage from Verlume…
The Borgarting Court of Appeal in Norway has sided with Welltec and ruled that Altus Intervention has infringed and misused a patent covering well intervention technologies that belongs to Welltec. The patent was registered in 2015 and outlines…
The U.N. climate agency published a new draft of its COP28 agreement on Friday which included a range of options for the future of fossil fuel use, the most contentious issue at the summit.Over the next few days countries are expected to focus…
OPEC Secretary General Haitham Al Ghais has urged OPEC members to reject proposals for any deal under negotiation at the COP28 climate summit which targeted fossil fuels rather than emissions, a letter dated Dec. 6 and seen by Reuters on Friday showed…
GATE Energy announced it has been awarded the commissioning contract for the Woodside Trion Floating Production Unit (FPU) project by HD Hyundai Heavy Industries Co., Ltd. (HHI). GATE's scope includes pre-commissioning and commissioning planning and execution at HHI's fabrication yard in Ulsan…
The U.S. Federal Trade Commission has sent a second request to Chevron and Hess, seeking additional information and documentary materials related to their pending merger, the companies said on Friday.(Reuters Reporting by Sourasis Bose)
Analyses show that the Barents Sea contains significant resources, probably more gas than oil. What needs to be done if Norway is to supply Europe with the requested volumes of gas?The Barents Sea is like a separate petroleum province on the Norwegian shelf…
How the Maximum Contingency of 2,200 MW Was Recast to a 1,200 MW CeilingAs policy makers and energy developers look to develop and interconnect large offshore wind projects in the most economically efficient and least environmentally impactful way…
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