The German authorities have granted RWE planning permission for the 342-megawatt Kaskasi offshore wind farm. According to RWE, the approval makes Kaskasi (official name: Kaskasi II) the first offshore wind farm in Germany receiving planning permission under the new wind at sea law…
Russian oil and gas giant Rosneft has said it has discovered a new 'unique' offshore gas field in the Arctic with total reserves of 514 bcm of gas and 53 million tons of condensate.Rosneft made the discovery at the Vostochno-Prinovozemelsky-2 license area in the Kara Sea…
Cenovus Energy Inc's C$6.07 billion ($4.78 billion)deal to buy Husky Energy Inc was approved by the shareholders of the two companies on Tuesday, creating Canada's No. 3 oil and gas producer in a rapidly consolidating industry.Cenovus said 93%…
UK-based Ineos, one of the world's largest chemical producers, has struck a ten-year power purchase deal in Belgium with RWE Supply & Trading. Electricity will come from an offshore wind farm.,Starting from 2021, Ineos will buy 198 gigawatt-hours of green electricity per year from RWE…
China's CNOOC said Monday that its Penglai 25-6 oilfield area 3 project has started production ahead of schedule.The Penglai 25-6 oilfield area 3 project is located in the south central Bohai Sea, with average water depth of about 27 meters…
2020 has been dismal for upstream dealmakers across Asia Pacific. During a recent conversation with a senior banker in the region, I mentioned that deal activity was so poor this year that as of October, only a sliver over US$400 million and 117 million boe of 2P resources had transacted (vs US$5…
The challenges of 2020 have made their mark on offshore rig values but have they reached the trough? Bassoe's Hans Hagelberg takes a deeper look.It may be the understatement of the decade, but the offshore rig market has had a pretty bad year…
Norwegian offshore vessel operator Havila Shipping has secured two three-year contracts with Equinor for its platform supply vessels Havila Charisma and Havila Foresight.According to Equinor, both contracts include four one-year options and…
Australia's Karoon Energy has offloaded its first oil cargo from the Baúna offshore oil field in Brazil it recently bought from Petrobras.The shipment produced by the FPSO Cidade de Itajaí, amounted to over 500,000 barrels of oil.The cargo…
This has certainly been an active year for offshore wind, both in the U.S. and globally. Looking at the U.S. in particular, the East Coast is certainly giving cause for real optimism with a clear pipeline of state procurement targets indicating 12 gigawatts installed by 2030 and 29…
Italy’s Eni will expand its renewable energy in Europe, the U.S., and the Pacific by developing its own projects and making small acquisitions, the group’s clean energy head said on Friday.Eni, which currently has a renewable energy capacity of only 350 megawatts…
Italian oil and gas company Eni has chartered two Vroon platform supply vessels to support its offshore drilling project in Mozambique.Vroon said this week that the contract with ENI was on a long-term drilling project, with Vroon providing…
The Trump administration on Thursday added China's top chipmaker, SMIC, and oil giant CNOOC, to a blacklist of alleged Chinese military companies, drawing condemnation from Beijing as President-elect Joe Biden prepares to take office.The Department…
The Italian oil giant Eni has reached an agreement to acquire a 20% stake in the 2.4 GW Dogger Bank A and B wind farms in the UK from SSE and Equinor which currently own a 50% each. Equinor said it would sell a 10% equity interest for a total consideration of around GBP 202…
Marine engineering and propulsion specialist Royston has installed an electronic fuel management system onboard a new offshore surfer crew boat, which will be operated by Norfin Offshore Group to support its marine and offshore operations in Nigeria…
Subscribe
