Hurricane Ida's extensive and unexpectedly lingering disruption to output in the Gulf of Mexico has been the single most important factor contributing to the surge in oil prices over the last month.Damage to offshore installations has cut cumulative…
Energy industry consultancy Xodus has bought Houston-based data interpretation consultancy Ocean Geo Solutions (OGS), adding capabilities in geophysical data processing, interpretation, and reporting.OGS assesses seabed and subsurface conditions…
Canadian naval architecture firm Robert Allan Ltd. has unveiled a methanol-fueled RAptor 2400 crew transfer vessel (CTV), bringing the offshore wind industry closer to eliminating carbon emissions from the supply chain.As a marine fuel, methanol…
Offshore drilling contractor COSL Drilling Europe has secured a long-term drilling contract with Ithaca Energy for well operations on the Abigail well and the Captain phase II development in the central North Sea, offshore the UK.COSL Drilling…
Brazilian oil firm Petrobras is looking to exit its U.S. Gulf of Mexico joint venture with Murphy Oil by selling its 20 percent interest.The joint venture firm, called MP Gulf of Mexico (MPGOM) owns an interest in 15 fields in the U.S. Gulf of Mexico along with an interest in St…
New research from the UK-based Offshore Renewable Energy (ORE) Catapult has found that speeding up work the development of robotics and autonomous systems (RAS) will be 'a significant enabler to reaching Net Zero.'The report highlights that by 2050…
Welsh Government and Cornwall and Isles of Scilly Local Enterprise Partnership have formally launched the Celtic Sea Cluster, to help drive market creation for floating wind, accelerate supply chain readiness and develop a strategy for upgrading regional infrastructure…
The construction of the world’s largest floating wind farm Kincardine, in the UK, is now complete, marking the start of the long-term Power Purchase Agreement (PPA) signed in 2018 between Kincardine Offshore Windfarm Ltd. (KOWL’s) joint venture and Statkraft…
Oil major BP on Tuesday announced the start-up of its Thunder Horse South Expansion Phase 2 project in the U.S. Gulf of Mexico.The second phase is expected to increase output at one of the largest fields in the Gulf of Mexico, with peak annual average gross production of 25…
INEOS Energy has completed the $615 million sale of its oil and gas business in Norway to Poland's PGNiG.The deal, first announced in March 2021, includes all INEOS Oil & Gas interests in production, licenses, fields, facilities, and pipelines…
More oil from a massive offshore spill landed on the southern California shore on Monday, with beaches closed and dead fish and birds washing up on shore as officials investigated whether a ship anchor striking a pipeline could have triggered the leak…
UK-based renewables firm SSE Renewables will, together with the Japanese renewable energy developer Pacifico Energy, form a joint venture firm that will explore offshore wind project development in Japan.As part of the agreement, SSE Renewables…
The Australian government on Thursday committed to provide A$250 million ($180 million) in grants to support the development of carbon capture, use, and storage (CCUS) projects, part of a broader technology push to help cut carbon emissions…
Oslo-listed oil and gas company BW Energy, responding to press speculation, said Monday it had not made any formal decision to buy any of Brazil-based Petrobras' assets.BW Energy said it had noted the press speculation regarding the possibility of BW Energy acquiring the Golfinho field in Brazil…
UK-based renewable energy firm SSE Renewables has decided to merge two proposed offshore wind farms in Scotland into one 'super project development.'Berwick Bank and Marr Bank offshore wind farms, off the east coast of Scotland, have been brought…
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