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Eneti's Seajacks Lands Offshore Wind Turbine Installation Deal Worth Up to $167M

Oct 18, 2023

Eneti, an offshore wind installation company, said Wednesday that its subsidiary Seajacks UK had signed a contract with an unnamed client to assist with wind turbine installation.Per Eneti, the mobilization will start in 2024, and the contract…

Middle East Conflict Threatens Regional Gas Market, Could Affect Europe's LNG Supplies - Rystad

Oct 19, 2023

The ongoing conflict between Israel and Hamas, the Palestinian militant group, poses a serious threat to the regional natural gas market and could have knock-on effects on Europe’s liquefied natural gas (LNG) supply as winter approaches, Rystad Energy…

Australia's Woodside Misses Q3 Revenue Estimate, Narrows Full-year Output Forecast

Oct 18, 2023

Australia's Woodside Energy on Wednesday narrowed its annual production forecast range and capital expenditure outlook after posting a lower-than-expected quarterly revenue.The country's top independent oil and gas explorer now expects to produce…

Biggest Oil and Gas Sector Deals Since Start of the Century

Oct 11, 2023

U.S. energy major Exxon Mobil said it would acquire Pioneer Natural Resources in a deal valued at $59.5 billion to more than double the company's presence in the Permian Basin, the largest shale play in the U.S.. Once completed, it would be…

Strict Immigration Rules Threaten UK Offshore Wind Projects, Warns Immigration Specialist

Oct 10, 2023

Strict new immigration requirements are deterring vital skilled workers and threatening major disruption for UK offshore wind projects, according to Maria Gravelle, an immigration specialist at Pinsent Masons.Gravelle said that axing the Offshore…

Macquarie Eyes Sale of Stake in 573MW UK Offshore Wind Farm

Oct 06, 2023

Macquarie is considering selling its 25% stake in Race Bank, a 573-megawatt offshore wind farm located off Britain's Norfolk coast, according to two sources with knowledge of the matter.The infrastructure group is working with advisors on the sale…

New England States Buy Offshore Wind Power as US Industry Struggles

Oct 04, 2023

Three U.S. states in New England - Massachusetts, Rhode Island and Connecticut - on Wednesday agreed to jointly procure offshore wind power as soaring interest rates and rising equipment and labor costs have made some projects uneconomic.By joining forces…

PHOTO: Giant Semi-Submersible Drilling Rig Leaves Norway aboard COSCO Heavy Lifter

Oct 12, 2023

COSCO SHIPPING Heavy Transport shared images on Wednesday of its semi-submersible heavy lift and transportation vessel carrying a massive semi-submersible drilling rig.The company, which specializes in the handling of heavy cargoes, did not…

First Power Produced From First Turbine at World's Largest Offshore Wind Farm Project

Oct 10, 2023

Offshore installation firm Jan De Nul said Tuesday that its latest jack-up installation vessel, Voltaire, had recently installed its first offshore wind turbine at the Dogger Bank offshore wind farm, the world's largest offshore wind project under construction…

Milan Prosecutors Push for Fraud Trial Over Failed 2019 Eni Tanker Deal

Oct 05, 2023

Italian prosecutors have requested a former senior Eni employee, the now chief of a UK oil firm, and others be sent to trial for allegedly defrauding Eni over the attempted sale of an oil cargo to the company, a document from the Milan prosecutor's office shows…

Shelf Drilling Wins $18M Extension for North Sea Jack-up Rig

Oct 02, 2023

Offshore drilling firm Shelf Drilling has secured a two-well contract extension for the Shelf Drilling Fortress jack-up rig. The rig is on a contract with China's CNOOC, operating in the UK North Sea, at the Golden Eagle offshore oil field.The…

Chartwell Marine and VARD Partner on 55-Meter Offshore Wind Craft

Oct 03, 2023

UK-based offshore vessel designer Chartwell Marine has partnered with a designer and shipbuilder of specialized vessels, VARD, to introduce the Midi-SOV: a 'revolutionary' 55-meter offshore wind craft. 'Coming to both the US and European markets in 2024…

Global Underwater Hub Hosts Royal Visit from King Charles

Sep 29, 2023

A UK-based trade body representing companies operating in the UK subsea sector, Global Underwater Hub (GUH), received a visit from King Charles on Friday, September 29.GUH said it had provided King Charles with a tour of its premises in Westhill on the outskirts of Aberdeen…

Europe: Gas Prices Fall as Some Norwegian Outages End

Sep 29, 2023

Dutch and British wholesale gas prices fell on Friday morning as Norwegian pipeline supplies picked up after some maintenance outages ended.The Dutch October contract edged down by 0.68 euro to 38.95 euros per megawatt hour (MWh) by 0820 GMT…

Europe Heads More Comfortably into Winter Without Russia's Nord Stream Gas

Sep 27, 2023

High levels of gas storage, lower energy prices and new sources of fuel mean Europe is heading into a second winter with scarce Russian gas in a more comfortable position than a year ago.After decades of relying on Russia to supply cheap gas…

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