Australia’s offshore energy regulator NOPSEMA has issued an alert after a shark was found tangled in a rope loop attached to an electrical flying lead.The shark was spotted by a ROV operator during a subsea survey. The operator was then able…
Energy firms Equinor, Aker BP and Vaar Energi have raised their crown-denominate cost estimates for major oil and gas development projects offshore Norway, the country's government said on Monday.Equinor's Johan Castberg project is now expected to cost 86 billion crowns ($8…
Bronze bearings in the stern roller of the Anchor Handling Tug Supply (AHTS) Vessel ES Kestrel have been replaced with grease-free SXL bearings from Thordon Bearings while the vessel remained afloat and operational.The replacement was undertaken…
Eco Wave Power has signed an agreement for the sale of the first wave energy generation unit with I-Ke International Ocean Energy, a subsidiary of maritime engineering company Lian Tat, for the pilot wave energy plant in Taiwan.According to the terms of the agreement…
Equinor has acquired a 9.8% stake in Ørsted, becoming the second largest shareholder in the company after the Danish State, which holds a controlling stake.Equinor's ownership position has been built over time, through a combination of market purchases and a block trade…
Chevron Mediterranean, a subsidiary of the U.S. oil giant Chevron, has informed that the works on the Leviathan field that would expand its gas production have been postponed due to the escalation of security situation resulting from the Israel-Gaza war…
The Norwegian government proposed on Monday to offer up to 35 billion Norwegian crowns ($3.29 billion) in subsidy payments in the country's first commercial floating wind power tender, in line with a compromise reached earlier this year.'Norway…
Singapore-based shipbuilder Strategic Marine has delivered the Amarco S1 fast crew boat to Amarco which will be put to long-term operation for Brunei’s oil and gas sector.The 42-meter Amarco S1 vessel is powered by triple Baudouin 12M26.3 engines coupled with ZF3050 gearboxes…
Eni and the government agency Japan Organization for Metals and Energy Security (JOGMEC) have signed a memorandum of cooperation with the aim of collaborating in the gas and LNG field to increase diversification of supply sources.The memorandum…
TotalEnergies has made an agreement with RWE to acquire 50% equity stake in two large-scale offshore wind projects in Germany, whose combined capacity is 4 GW.RWE was awarded the sites in the latest offshore wind auction in Germany in August…
BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of the matter said.When unveiled in 2020, BP's…
Canadian pipeline company Enbridge has secured an agreement with BP to build, own, and operate crude oil and natural gas pipelines in the U.S. Gulf of Mexico for the recently sanctioned Kaskida development.The crude oil pipeline, named the Canyon Oil Pipeline System (Canyon Oil)…
The United Kingdom has pledged to provide up to $28.4 billion (£21.7 billion) in funding for carbon capture and storage (CCS) and hydrogen technology and projects over 25 years, being developed in northern England, in an effort to curb CO2 emissions…
The Crown Estate has awarded an agreement for lease to Eni for the HyNet project, the first carbon capture and storage (CCS) project in the UK to repurpose existing pipeline infrastructure, reducing both cost and the environmental impact of construction…
Norwegian offshore vessel owner Sea1 Offshore, formerly Siem Offshore, has secured a multi-well project for three anchor handling tug supply (AHTS) vessels in Australia.The contract begins in second to third quarter of 2025, for a firm period of around 380 days up to 670 days per vessel…