Offshore Regions News

 

NSTA Awards 31 More Licenses in Latest North Sea Oil and Gas Round

May 03, 2024

The North Sea Transition Authority (NSTA) has offered further 31 exploration licenses in the latest phase of the U.K.'s 33rd oil and gas licensing round.A total of 82 offers to 50 companies have now been made in the round which attracted 115 bids from 76 companies across 257 blocks and part-blocks.The licenses offered in the round would be expected to add an estimated 600 mmboe up to 2060, or 545 by 2050…

Höegh LNG Strikes Deal to Deploy FSRU Hoegh Galleon in Egypt

May 03, 2024

Norway-based Höegh LNG has made an agreement with Australian Industrial Energy (AIE) and Egyptian Natural Gas Holding Company (EGAS) for the deployment of the floating storage and regasification unit (FSRU) Hoegh Galleon. The aim of the deployment is to support energy security in Egypt…

BW Offshore Concludes Sale of FPSO Polvo

May 03, 2024

Oslo-listed FPSO leasing company BW Offshore has completed the sale of its laid-up FPSO Polvo to BW Energy.The agreed price was $50 million, for which BW Energy $30 million upon the vessel transfer date, with the remaining $20 million provided as a seller’s credit by BW Offshore…

Van Oord’s Heavy-Lift Installation Vessel Gets Major Upgrade

May 03, 2024

Van Oord’s Svanen vessel has received a major upgrade which increased its total height to 125 meters, making it one of the largest heavy-lift vessels in the world suitable for handling the next generation of monopile foundations for offshore wind…

California’s First Floating Wind Project Steps Closer to PPA

May 03, 2024

CADEMO Corporation, established by Floventis, and California Community Power (CC Power) have signed a memorandum of understanding (MoU) to facilitate the development of the 60 MW floating wind project off the California coast.The MoU is intended…

Apollo Secures $12.5M Contract for INEOS’ Hejre Project

May 03, 2024

Engineering and energy consultancy Apollo has been awarded the project management consultancy (PMC) contract for INEOS E&P's Hejre project in the North Sea.The 4-year Hejre project entails the development of a greenfield platform, subsea infrastructure…

ExxonMobil Pushing Forward with Mozambique LNG Project

May 03, 2024

ExxonMobil is 'optimistic and pushing forward' with its delayed Rovuma liquefied natural gas (LNG) project in Mozambique and expects a final investment decision at the end of next year, a company official said on Thursday.ExxonMobil and its…

Hitachi, Chantiers de l'Atlantique Sign $4.8B Deal for French Offshore Substations

May 03, 2024

France's energy grid operator RTE has signed a $4.8 billion contract with Hitachi Energy and Chantiers de l'Atlantique for the construction of several offshore power platforms and converter stations for two offshore wind farms to be built in France…

LLOG Spuds Who Dat East Well in US Gulf of Mexico

May 03, 2024

Oil company LLOG has started drilling the Who Dat East exploration/appraisal well in U.S. Gulf of Mexico, using Noble Corporation’s Noble Valiant drillship.The drilling operations on the Who Dat East well started on April 27, 2024, according to Karoon Energy…

Cyprus Seeks Improvements to Chevron-led Plans for Offshore Gas Field

May 02, 2024

Cyprus said on Thursday it wanted to see improvements to Chevron-led plans to extract gas from an offshore field, giving the consortium led by the U.S. major six months to meet its requirements.There have been protracted talks on the future…

France Launches Call for 2.5 GW of Offshore Wind Tenders

May 02, 2024

France launched a tender for four offshore wind projects totalling 2.5 gigawatts (GW) on Thursday and announced plans for another 10 GW later this year, as it seeks to catch up with other more advanced wind power producers.The first round of…

Subsea7 and Equinor Strengthen Collaboration, Agreeing Work on Two Fields

May 02, 2024

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…

CIP Bags Two Licenses for 4.4GW Offshore Wind Farms in Australia

May 02, 2024

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 Welcomes Australia’s 2.5GW Offshore Wind License

May 02, 2024

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…

Ørsted Secures First and Lines Up Second Multi-GW Offshore Wind License in Australia

May 02, 2024

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…

Current News

BP-Eni JV Azule Inks Deal for Namibia Offshore License

BP-Eni JV Azule Inks Deal for

NSTA Awards 31 More Licenses in Latest North Sea Oil and Gas Round

NSTA Awards 31 More Licenses i

Höegh LNG Strikes Deal to Deploy FSRU Hoegh Galleon in Egypt

Höegh LNG Strikes Deal to Depl

BW Offshore Concludes Sale of FPSO Polvo

BW Offshore Concludes Sale of

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