Energy News


VIDEO: Coast Guard Medevacs Crewmember from Allseas' Pipelayer in Gulf of Mexico

Mar 23, 2023

The U.S. Coast Guard said Thursday it had medevaced a motor vessel crewmember Tuesday approximately 15 miles offshore Port Fourchon, Louisiana. 'Coast Guard Sector New Orleans watchstanders received a call at 7:54 p.m. from the motor vessel…

Montara Venture FPSO Restarts Production

Mar 23, 2023

Jadestone Energy plc said Thursday that its Montara Venture FPSO offshore Australia resumed production operations early on Tuesday March 21, 2023.The company shut down production from the Montara Venture FPSO in 2022, first to allow for repairs…

Orbital Marine Power to Develop 30MW Tidal Energy Project in Orkney Islands

Mar 23, 2023

Tidal energy developer Orbital Marine Power said Wednesday it had been awarded an Option Agreement from Crown Estate Scotland for a new 30MW tidal energy project in the Westray Firth, a strait in the Orkney Islands.Orkney-based Orbital also…

Floating Wind Specialist BW Ideol Secures Investment from ADEME Investissement

Mar 22, 2023

Floating wind farm and technology developer BW Ideol has entered into exclusive negotiations with ADEME Investissement, a state-owned French financier of innovative infrastructure projects, for ADEME Investissement to invest €40 million in BW Ideol’s project development activities…

Ecuador to Revise Down Output Goal by 8% After Force Majeure

Mar 22, 2023

Ecuador will need to revise down its daily crude oil production target by some 40,000 barrels, equivalent to about 8%, its oil minister said, after state-run company, Petroecuador declared force majeure on three more oil blocks on Tuesday because of protests…

Japan's JERA to Buy Belgium's Top Offshore Wind Firm for $1.7B

Mar 22, 2023

Japan's top utility JERA has agreed to buy Belgium-based offshore wind energy producer Parkwind for 1.55 billion euros ($1.7 billion), as it expands in renewable power to meet decarbonization goals.JERA, a joint venture between Tokyo Electric…

Venezuela president names PDVSA head Tellechea as new oil minister

Mar 22, 2023

Venezuelan President Nicolas Maduro on Tuesday named the head of state oil company PDVSA, Pedro Rafael Tellechea, as the new oil minister, a day after his predecessor resigned amid an extensive corruption investigation focused on the company…

New Consortium Pursues Floating Offshore Wind Development in Australia

Mar 22, 2023

Offshore installation firm Subsea 7, Australian company Spark Renewables, and international floating wind farm developer Simply Blue Group have created a consortium to pursue floating offshore wind development offshore New South Wales (NSW)…

GreenIT, CIP to Build Three Floating WInd Farms in Italy

Mar 22, 2023

GreenIT, a joint venture between Plenitude (Eni) and CDP Equity (CDP Group), and Copenhagen Infrastructure Partners (CIP) through its Flagship Funds have signed an agreement to develop three floating offshore wind projects in Latium and Sardinia…

DeepOcean's Fleet Gets a Boost with Olympic Ares Vessel Charter

Mar 22, 2023

Subsea services firm DeepOcean has taken the Olympic Ares multi-purpose support vessel (MPSV) on a two-year charter. The vessel is owned by the Norwegian shipowner Olympic Subsea.The vessel is a modern construction support vessel equipped with a 250 Te crane…

PGS Secures 3D Seismic Survey Deal

Mar 22, 2023

Norwegian seismic survey firm PGS has secured a 3D exploration acquisition contract with 'a major international energy company.'PGS said in a stock exchange filing on Wednesday that its Ramform Titan vessel was scheduled to mobilize for the survey in late June…

Partners Press Ahead with Development of Venus Discovery Offshore Equatorial Guinea

Mar 21, 2023

Atlas Petroleum International Limited said Tuesday it would, with its partners VAALCO, and GEPetrol, proceed with the development of the Venus discovery in Block P, Equatorial Guinea.This positive result follows the 8 March 2023 Plan of Development…

UTROV System Chosen Boulder & Debris Clearance at Moray West Offshore Wind Farm

Mar 21, 2023

Scotland-based Utility ROV Services has won a contract for boulder and debris clearance services on the Moray West offshore wind farm in the UK.The manufacturer/operator of the UTROV system will start offshore operations in Q1 2023. The offshore wind farm located in the Moray Firth…

Norway's Oil and Gas Output Lag Forecasts in February

Mar 21, 2023

Norway's crude oil output grew slightly in February from January but lagged an official forecast, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday. Crude oil output was 1.78 million barrels per day (bpd) against 1…

Valeura Energy Completes Modification of MT Jaka Tarub Vessel for Wassana Offshore Oil Field

Mar 21, 2023

Oil and gas company Valeura Energy said Monday that modifications to the MT Jaka Tarub crude oil storage vessel were complete, making the vessel compatible with infrastructure at its Wassana oil field, offshore Thailand.According to Valeura Energy…

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