Offshore Energy News

 

Offshore Energy Production & the World Economy

Dec 12, 2023

As the price of gas continues to seemingly hold steady at around three dollars a gallon, the pocketbooks of Americans continue to suffer. Regretfully, due to global conflict and the outbreak of wars across Europe and the Middle East, oil prices are continuing to climb upwards…

NOV to Supply Cable-lay Equipment for Nexans' New Vessel

Dec 12, 2023

NOV reports its Italian group Remacut has secured the cable-lay equipment contract for Nexans' new cable-lay vessel (CLV).Nexans Marine Operations and Norwegian shipbuilder Ulstein Verft entered into a contract in September for the construction of a large DP3 cable-laying vessel…

Reach Subsea, OceanPact Awarded Work for Equinor in Brazil

Dec 12, 2023

Norwegian subsea services firm Reach Subsea, together with its Brazilian partner OceanPact, received a notice of contract award from Equinor for combined light construction, IMR (inspection, maintenance, and repair) and survey services on the Peregrino field offshore Brazil…

C-Innovation Names Cribley Business Development Manager

Dec 11, 2023

Edison Chouest Offshore (ECO) affiliate C-Innovation (C-I) has welcomed back Lucas Cribley as its new business development manager.During his more than 20-year career, Cribley worked as the program manager and first employee in a joint venture start-up between ECO and FMC Technologies…

TotalEnergies Joins Wave Powered Subsea Project

Dec 10, 2023

TotalEnergies has joined the Renewables for Subsea Power (RSP) collaborative project which is currently powering subsea equipment off the east coast of Orkney, Scotland, with wave power from Mocean Energy and intelligent subsea energy storage from Verlume…

Tapping the Gas Bank in the Barents Sea

Dec 08, 2023

Analyses show that the Barents Sea contains significant resources, probably more gas than oil. What needs to be done if Norway is to supply Europe with the requested volumes of gas?The Barents Sea is like a separate petroleum province on the Norwegian shelf…

The Curious Case of the 1,200 MW Transmission Size “Limit” in New England

Dec 08, 2023

How the Maximum Contingency of 2,200 MW Was Recast to a 1,200 MW CeilingAs policy makers and energy developers look to develop and interconnect large offshore wind projects in the most economically efficient and least environmentally impactful way…

TDI-Brooks Completes Seismic Program Off Trinidad

Dec 07, 2023

TDI-Brooks, a company specializing in geotechnical and offshore survey projects, said Thursday it has completed multiple shallow hazard surveys off the East Coast of Trinidad for independent hydrocarbon producer Perenco T&T Limited. TDI-Brooks’…

Jan De Nul Inks Two Contracts with TenneT

Dec 07, 2023

Jan De Nul Group together with its consortium partners LS Cable & System and Denys has signed the contracts for two 525 HVDC cable systems for the two grid connection systems BalWin4 and LanWin1. These mark the first two contracts signed under…

Japan's Kansai Joins Floating Offshore Wind Project in Norway

Dec 07, 2023

Galileo and Odfjell Oceanwind are collaborating with Vår Energi on a floating offshore wind project at the Goliat platform outside Hammerfest in Norway. The partnership has been strengthened with The Kansai Electric Power Company Inc., a Japanese utility company…

Brazil's Locar to Integrate Kongsberg Digital's Vessel Insight

Dec 07, 2023

Kongsberg Digital has partnered with Locar, a Brazilian offshore vessel operator, to enhance its digital infrastructure and optimize DP operations.Locar will integrate Vessel Insight, Kongsberg Digital’s vessel-to-cloud infrastructure to derive valuable data insights from their vessels…

Floating Wind Leasing Round in the Celtic Sea

Dec 07, 2023

The Crown Estate, which manages the seabed around England, Wales and Northern Ireland, has set out further details of a new leasing round for three commercial-scale floating wind projects in the Celtic Sea off the coast of South Wales and South West England…

Venezuela's Maduro Pledges to Permit Oil, Mines Development in Disputed Territory

Dec 06, 2023

Venezuelan President Nicolas Maduro said he would authorize oil exploration in an area subject to a dispute with Guyana, which said it would report his comments to the United Nations and the International Court of Justice (ICJ).Maduro's pledge…

PXGEO Bags 4D OBN Project in Brazil

Dec 04, 2023

Marine geophysical service provider PXGEO on Monday announced it has secured a contract with Brazilian state-owned energy company Petrobras for a 4D Monitor Ocean Bottom Node (OBN) survey in the Santos Basin, Brazil.The survey is to be acquired in water depths up to 2…

Malaysia Banks 1 Billion+ BOE Discoveries in 2023

Dec 01, 2023

PETRONAS and its Petroleum Arrangement Contractors recorded 19 exploration discoveries and two exploration-appraisal successes, contributing over 1 billion barrels of oil equivalent (bboe) of new resources for Malaysia in 2023. This achievement…

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