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German Firm Buys Irish Offshore Wind Farm Site

Dec 02, 2022

German renewable energy firm RWE said Friday it had bought the Irish company Western Power Offshore Developments Ltd, which is in the early stages of developing the East Celtic wind farm project offshore Ireland.The East Celtic wind farm site…

UK Says Baker Hughes-Altus Deal May Hurt Competition in Oil Well Services

Nov 22, 2022

Britain's competition watchdog said on Tuesday that U.S.-listed oilfield services firm Baker Hughes Co's acquisition of Altus Intervention could reduce competition among UK oil and gas operators.The Competition and Markets Authority (CMA) said…

Norway: Aker BP Board Greenlights $19B Offshore Field Development Projects

Dec 02, 2022

The Norwegian oil and gas company Aker BP said Friday it would vote in favor of submitting Plans for Development and Operation (PDO) for the NOAKA field development project, the Valhall PWP-Fenris project, the Skarv Satellite Project, and the Utsira High projects…

Mainstream, Maple Power to Bid for Celtic Sea Floating Wind Farm Rights

Nov 29, 2022

Mainstream Renewable Power ('Mainstream'), a renewable energy company majority-owned by Aker Horizons, and offshore wind developer Maple Power are jointly exploring the upcoming Celtic Sea Floating Offshore Wind Tender in the UK, which will be launched in 2023…

Germany Plans to Buy Majority Stake in Unit of Dutch Grid Operator TenneT - sources

Dec 01, 2022

The German government wants to buy either a majority stake or all of the German subsidiary of Dutch power grid operator TenneT as part of Berlin's planned transition towards sustainable energy use, two German government sources told Reuters…

Google to Buy Electricity From Scottish Offshore Wind Farm

Nov 24, 2022

French energy company ENGIE  and technology giant Google said they had agreed to undertake a 12-year 100 MW corporate power purchase agreement to support Scotland's Moray West offshore wind development project. As part of this deal, ENGIE will…

TotalEnergies to Cut UK North Sea Spending by 25% after Windfall Tax

Dec 01, 2022

TotalEnergies will cut its investment in British North Sea oil and gas projects by a quarter next year after the UK government hiked a windfall tax on the sector, the French firm's British exploration and production chief said on Wednesday.Energy…

Malaysia's Petronas Greenlights CCS Project Offshore Sarawak

Nov 29, 2022

Malaysian state oil firm Petronas said on Tuesday it had decided to develop the Kasawari carbon sequestration project in offshore Sarawak as part of the final investment decision (FID) on the venture. Petronas said the project - located in Block SK316 off Bintulu town - is expected to reduce 3…

Fugro Nets Two Offshore Wind Geotechnical Survey Contracts in The Netherlands

Nov 23, 2022

Dutch offshore survey firm Fugro has won two geotechnical survey contracts for the development of the Dutch IJmuiden Ver Site V-VI, Nederwiek (zuid) Site I and Hollandse Kust (west) Site VIII offshore wind zones.This is the Netherlands Enterprise…

ADNOC Drilling to Buy Three New Jack-up Rigs for $320M

Nov 21, 2022

UAE-based offshore drilling contractor ADNOC Drilling said Monday it had agreed to buy three 'brand new' premium offshore jack-up drilling rigs for $320 million, 'with further acquisitions in the pipeline.'The company said the rigs would meet…

Prosafe Wins Bid for 650-day Offshore Accommodation Deal with Petrobras. Eyes More North Sea Work

Nov 28, 2022

Prosafe, an Oslo-listed provider of offshore accommodation rigs for the energy industry, said Friday it had been selected as the winning bidder for a 650-day firm period contract by Petrobras using its Safe Zephyrus rig, starting in May 2023…

Reach Subsea to Add Two ROV Support Vessels to Its Fleet

Nov 24, 2022

Norwegian subsea services company Reach Subsea said Thursday it had struck a deal to expand its operating fleet with two ROV support vessels.The company said it had secured 'significant vessel capacity for the coming four years' through a deal…

Australia's LNG Exporters Have a No-win Domestic Dilemma: Russell

Nov 22, 2022

Australia's liquefied natural gas exporters have a problem at home, where industrial and domestic consumers are making strident demands for them to accept a price cap, higher taxes, guaranteed volumes or some combination of all of these.The…

ADNOC Drilling Takes Over First of Three Jack-up Rigs Originally Ordered by Borr Drilling

Nov 24, 2022

Singapore's Keppel Offshore & Marine has delivered the first of three newbuild jack-up drilling rigs to UAE-based ADNOC Drilling.The three rigs were part of a series of five rigs that Keppel FELS had been building for Borr Drilling. Keppel O&M…

Icon Offshore Sells Perisai Pacific 101 Jack-up Rig at Significant Profit

Nov 24, 2022

Malaysian offshore services provider Icon Offshore has completed the sale of its Perisai Pacific 101 jackup drilling rig to ADES.The 2014-built rig was sold to ADES for $85 million in cash and the disposal of the rig was completed on November 22…

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