The Australian government has granted a feasibility license for Ørsted’s first offshore wind project in Australia and intends to grant a license for a second project, subject to consultation. The combined potential capacity of the two projects stands at 4.8 GW.With the licenses, Ørsted aims to develop large-scale offshore wind farms off the coast of Gippsland, Victoria, to be operational in the early 2030s…
Subsea7 has signed a new long-term strategic collaboration agreement between Equinor and Subsea Integration Alliance, which comprises Subsea7 and OneSubsea, securing exclusive collaboration on the Wisting field offshore Norway, and Bay du Nord…
Copenhagen Infrastructure Partners (CIP), on behalf of its Flagship Funds, has been awarded two licenses for the development of offshore wind projects in Australian state of Victoria, whose combined capacity is up to 4.4 GW.CIP has secured exclusivity…
Mainstream Renewable Power, as part of the Gippsland Skies Offshore Wind consortium, has secured a feasibility license from the Australian government for a fixed-bottom 2.5 GW offshore wind project off the Gippsland region of Victoria.The feasibility…
Yinson Production has closed the limited recourse term loan facility of up to $1.3 billion for the pre and post-delivery financing of the Agogo FPSO, whish is set for deployment on Azule Energy’s development offshore Angola.The financing is provided by a consortium of 13 lenders…
Floating production solutions specialist Amplus Energy and Nigeria-based Versatile Group (VG Energy) have set up a joint venture Amplus VGE to unlock lucrative marginal fields in West Africa.With the support from Norway’s Carbon Circle, the…
UK-based offshore energy supply chain company Balmoral Comtec has secured a multi-million-dollar contract from for Ørsted for the supply of cable protection systems (CPS) for its Hornsea 3 offshore wind project.The scope of work includes design…
Offshore drilling company Valaris has secured new contracts and extensions for its drilling rigs, increasing its contract backlog to approximately $4 billion.Since its latest fleet status report, issued on February 15, 2024, Valaris has secured…
U.S. oil and gas production rebounded sharply in February after extensive disruption the previous month caused by freezing wells and other outages stemming from Winter Storm Heather in the middle of January.Nationwide crude and condensates output jumped by 0…
Macquarie Asset Management, part of Macquarie Group, has agreed to sell a 10% stake in Britain's East Anglia ONE offshore wind farm to renewable energy asset manager NTR.East Anglia ONE is a 714 megawatt wind farm, located in the North Sea, 43 km (27 miles) off the Suffolk coast…
Australia on Wednesday gave the go-ahead for six projects to study the feasibility of building wind farms in waters off its southern coast as it looks to ramp up renewable energy to meet its net zero emission target by 2050.Six others could…
Exxon Mobil Corp will shut down two offshore oil production projects in Guyana for two weeks each, between July and August, to connect a natural gas pipeline, the company's country head Alistair Routledge told reporters in Georgetown on Tuesday…
The Biden administration on Tuesday unveiled a plan to sell offshore wind leases in waters off the coasts of Maine and Oregon later this year, saying projects in those regions could one day power a total of 6 million homes.The proposed sales…
Norwegian oil and gas firm OKEA has submitted a 6.3 billion Norwegian crowns ($571 million) plan to develop its Bestla oil and gas discovery in the North Sea, the country's energy ministry said on Tuesday.The discovery, formerly called Brasse…
Enterprise Products Partners on Tuesday said it expects to have two contracts for its proposed deepwater oil export terminal by May 31 and reach a final investment decision before year-end.Enterprise's ambitious Sea Port Oil Terminal (SPOT)…
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