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…
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 Rem Offshore has ordered a Construction Service Vessel for offshore wind operations from Green Yard Kleven shipyard in Ulsteinvik.Havyard Design & Solutions AS is responsible for the design. The vessel, which…
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…
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…
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…
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 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…
Australian oil and gas company Woodside, the operator of the offshore area in Senegal containing the Sangomar oil field development, has blocked India's ONGC from joining the project.To remind, FAR, Woodside's partner in the project, in November…
Japanese FPSO contractor Modec has ordered six compressors from MAN Energy Solutions for an FPSO destined for Woodside-operated Sangomar field, offshore Senegal.Sangomar, located approximately 100 km south of Dakar, Senegal, together with the nearby Rufisque and Sangomar Offshore blocks…
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