Energy News


US Working to Address Challenges in the Way of Offshore Wind Goals

Apr 03, 2023

A number of recent actions in the United States will better position the nation to meet its short- and long-term offshore wind energy targets, as outlined in the April 2023 U.S. Offshore Wind Report from Intelatus Global Partners.April brings with it the news that the U…

Vestas' 15MW Offshore Wind Turbine Prototype Reaches Full Power Rating

Apr 03, 2023

Danish offshore wind turbine maker Vestas said Monday that its most powerful wind turbine, the V236-15.0 MW prototype, stretching 280 meters into the air, had reached 15 MW nominal power rating.'The prototype was installed in December 2022 and produced its first kWh of power shortly after…

SBM Offshore Secures $1.63B Financing for Brazil's 'Largest' Oil Producing Unit

Apr 03, 2023

Dutch FPSO leasing firm SBM Offshore has signed the project financing of FPSO Almirante Tamandaré for a total of  $1.63 billion.The Dutch company in July 2021 signed contracts with Brazil's Petrobras for the 26.25 years lease and operation of FPSO Almirante Tamandaré…

UK North Sea: Sparrows Offshore Workers to Strike Over Pay. 'Dozens' of Platforms and Operators Impacted, Unite Says

Apr 03, 2023

Around 150 Sparrows Offshore Services contractors on offshore facilities in the UK will start strike action in a dispute over pay from Wednesday, April 5, workers' union Unite said Monday.'Dozens of platforms and operators to be hit including Shell and Harbour Energy…

QatarEnergy Taps Baker Hughes for Supply of MRCs for North Field South Project

Apr 03, 2023

Baker Hughes has secured an order from QatarEnergy to supply two main refrigerant compressors (MRCs) for the North Field South (NFS) project, which will be executed by Qatargas. The MRCs are part of two LNG “mega trains” representing 16 million…

KBR Gets LoI for Work on Topsides of Equinor's Bay du Nord FPSO in Canada

Apr 03, 2023

KBR has received a Letter of Intent (LOI) from Equinor Canada for the front-end engineering design (FEED) of the topside facilities of the new Bay Du Nord FPSO to be located offshore Newfoundland, CanadaThe agreement also includes an option…

BW Offshore Secures Contract Extension for Ivory Coast FPSO to Discuss Sale Option

Apr 03, 2023

Oslo-listed FPSO leasing firm BW Offshore said Friday it had signed a short-term extension for the lease and operation of the FPSO Espoir Ivoirien.The FPSO is operating on the Espoir field offshore the Ivory Coast for CNR International.The short…

Oil Surges as OPEC+ Surprise Output Cuts Shake Markets

Apr 03, 2023

Oil prices surged on Monday, posting the biggest daily rise in nearly a year, after a surprise announcement by OPEC+ to cut more production jolted markets.Brent crude was trading at $83.89 a barrel by 0627 GMT, up $4, or 5%, after touching the highest in a month at $86…

U.S. Crude Production Rose in January to Highest Since March 2020

Apr 03, 2023

U.S. field production of crude oil rose in January to 12.46 million barrels per day (bpd), the highest since March 2020, Energy Information Administration (EIA) data showed on Friday.Among the top oil producing states, monthly output in Texas rose 1…

Italy's Eni Involved in 5 UK Carbon Capture Projects

Apr 03, 2023

Italy's Eni said on Friday it was involved in five carbon capture projects selected by Britain in a first group of initiatives worth 20 billion pounds ($25 billion) of government funding.The British government last Thursday said it had shortlisted…

Short-term Extension for Abo FPSO in Nigeria

Mar 31, 2023

BW Offshore has signed a short-term extension for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A.In January 2023, the contract for Abo FPSO, used for production from the Abo field offshore Nigeria, was extended until the end of March 2023…

Karoon Brings Another Production Well Online at Patola field, Offshore Brazil

Mar 31, 2023

Australian oil company Karoon said this week that it had brought on stream the PAT-1 well at its Patola field, offshore Brazil.The PAT-1 is the second of two new production wells drilled into the Patola field in the BM-S-40 production license in Brazil…

Vestas to Supply 15MW Turbines for Floating Offshore Wind Project in South Korea

Mar 31, 2023

Danish wind turbine maker Vestas said Friday it had signed a preferred supplier agreement to supply its giant 15MW offshore wind turbines for a floating wind project in South Korea.Vestas did not say who the client was. It did say that the floating…

NKT Wins €500M Contract to Deliver Cables for Ørsted's Offshore Wind Project in UK

Mar 31, 2023

Offshore cable maker NKT won a contract to deliver the high-voltage DC on- and offshore export cable system for Ørsted's Hornsea 3 offshore wind project in the UK. NKT said that the final order has an estimated contract value of approximately…

AI to Boost Efficiency of Scotland's First Offshore Wind Farm

Mar 31, 2023

UK-based machine learning and applied AI company Cognitive Business has won a contract to provide a complete package of AI and forecasting to RWE’s Robin Rigg wind farm offshore Scotland.Congitive Business will to provide the wind farm with a suite of AI…

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