Offshore Energy News

 

CGG Delivers Data from Agata Reimaging for Brazil Project

Apr 28, 2021

CGG delivered the fast-track data from its Agata Reimaging program over the Agata block in the Santos Basin, a highly prolific area of Brazil’s offshore pre-salt. The ultramodern reimaged seismic data set covering over 9,300 sq km will provide…

MENCK, Van Oord Partner on Intallation of Italy’s First Offshore Wind Farm

Apr 28, 2021

MENCK has signed a contract with Dutch marine contractor Van Oord to deliver the hammer spread for the installation of the Taranto offshore wind farm, Italy’s first. The installation of 10 monopiles, each supporting a 3-MW turbine, will begin…

Saipem Warns on Outlook After Mozambique Uncertainty

Apr 28, 2021

Italian energy service group Saipem said it was unable to update its outlook for the year due to uncertainty over a project in Mozambique as it missed first-quarter expectations.Earlier this week French energy group Total declared force majeure…

Santos Green Lights TechnipFMC for Barossa Subsea Scope

Apr 27, 2021

TechnipFMC said it received a notice to proceed for a subsea production system contract from Australian gas producer Santos for the Barossa field development project, located 300 kilometers north of Darwin.The contract scope covers the supply of subsea trees and associated control systems…

BP Profit Triples to $2.6B in Q1 on Strong Oil, Gas Trading

Apr 27, 2021

BP's profit more than tripled to $2.6 billion in the first quarter thanks to stronger oil prices and bumper revenue from natural gas trading, paving the way for the energy company to start buying back its shares.The jump in profits from a year…

Vattenfall Shortlisted for 1 GW French Offshore Wind Tender

Apr 27, 2021

France has shortlisted Swedish utility Vattenfall and its two partners to bid in a tender to develop an offshore wind farm with a capacity of about 1 gigawatt (GW) off Normandy, the company said on Tuesday.Vattenfall and its partners - German…

Subsea Tiebacks: A Troll with a Kinder Surprise

Apr 25, 2021

Equinor’s Troll Phase 3 project has been described as a real Kinder surprise. It’s Equinor’s most profitable project ever and comes with a minimum CO2 intensity for an offshore project. Elaine Maslin takes a look.Later this year, Norway’s Equinor…

Decision Taken to Develop Askeladd Vest for $384M

Apr 23, 2021

Equinor and its partners Petoro, Total, Neptune and Wintershall Dea have decided to develop Askeladd Vest, which is in the southern Barents Sea. The investment is close to NOK 3.2 billion ($384m).“It is important to Equinor and its partners…

2020: A Year Like No Other with a Mixed Outlook for Subsea

Apr 22, 2021

On many levels, 2020 was a pretty horrific year, “a year like no other”, according to Mike Beveridge, managing director of energy investment firm Simmons Energy, a division of Piper Sandler. It’s easy to see why. A dip into a negative WTI contract prices…

OPT's PowerBuoy Deployed Offshore Chile

Apr 22, 2021

Ocean Power Technologies, Inc. (OPT) said Thursday that Enel Green Power (EGP) has deployed OPT's PB3 PowerBuoy off the coast of Las Cruces, Chile to support the country’s transition to clean energy.OPT’s PB3 PowerBuoy converts wave motion into…

Atlantic Shores to Deploy Research Buoys at U.S. Offshore Wind Lease Area

Apr 21, 2021

U.S. offshore wind developer Atlantic Shores Offshore Wind will next month launch two buoys that will collect critical atmospheric and weather data, and track the migration of species of birds, fish, turtles and other animals that have been nanotagged by researchers…

Rystad: Oil Demand to Peak in 2026

Apr 21, 2021

The rapid adoption of electric vehicles (EV) around the world will probably cause global oil demand to peak two years earlier than previously expected, Norway's biggest independent energy consultancy Rystad said on Wednesday.World demand is now seen peaking at 101…

Mocean Puts Blue X Wave Energy Prototype on Display

Apr 21, 2021

Wave power technology developer Mocean Energy on Wednesday unveiled its Blue X wave energy prototype which will take to the seas in Orkney next month.The 20-meter long, 38-tonne wave machine has been fabricated in Scotland and will be deployed…

Kraken Robotics Buys Brazil's 13 Robotics

Apr 19, 2021

Canada-based offshore robotics company Kraken Robotics has acquired Brazil's 13 Robotics Ltda of Brazil (“13R”).The 13R team, with offices in Rio de Janeiro and Salvador, Brazil, consists of software developers and engineers who have significant…

Minesto Granted Patent for Tidal Tech

Apr 16, 2021

Swedish renewable energy company Minesto, focused on tidal energy development with its marine kite technology, has said it has been granted a new patent by which the company extends the protection of its core technology. The approved patent…

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