Latest News - page 12


First Installation Campaign at Coastal Virginia Offshore Wind Farm Wraps Up

Nov 04, 2024

Dominion Energy has installed 78 monopile and four offshore substation foundations for as part of the first offshore construction campaign for the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project.CVOW, the largest offshore wind project under construction in the United States…

Sea1 Offshore Orders Two Offshore Energy Support Vessels

Nov 04, 2024

Sea1 Offshore, formerly Siem Offshore, has entered into shipbuilding contracts with Cosco Shipping (Qidong) Offshore for two new offshore energy support vessels.Based on ST-245 design, the vessels will have capabilities to serve both oil and gas and renewable energy markets…

Eni Concludes $1B Sale of Offshore Oil and Gas Assets in Alaska

Nov 04, 2024

Italian energy giant Eni has completed the sale of its Nikaitchuq and Oooguruk assets upstream offshore assets in Alaska to Hilcorp for $1 billion.The transaction, which received the approval of all relevant authorities, is in line with Eni’s…

Vår Energi Gets Go-Ahead for Barents Sea Drilling Campaign

Nov 04, 2024

The Norwegian Offshore Directorate has granted Vår Energi a drilling permit for a wildcat well in the Barents Sea.The permit has been issued for wellbore 7122/9-2 in production license 1131, which is operated by Vår Energi with 40% working interest…

TotalEnergies Grows Stake in Two Blocks Offshore Namibia

Nov 04, 2024

Africa Oil has completed the farm down of its interests in blocks 2912 and 2913B offshore Namibia, containing the Venus field, to TotalEnergies EP Namibia.The farm down was conducted via Africa Oil’s investee company Impact Oil & Gas Limited…

Shelf Drilling Secures $200M Contract Extensions with Chevron for Thailand Ops

Nov 04, 2024

Offshore drilling contractor Shelf Drilling has secured contract extensions for two of its jack-up rigs with Chevron Thailand Exploration and Production for operations offshore Thailand.The contract extensions are for Shelf Drilling Chaophraya and Shelf Drilling Krathong jack-up rigs…

ASL to Work on Metocean Data for Offshore Wind Project in Atlantic Canada

Nov 01, 2024

ASL Environmental Sciences has secured research and development subcontract from Ireland-based Gavin & Doherty Geosolutions as part of a metocean data needs assessment for the development of offshore wind projects in Atlantic Canada for Natural Resources Canada…

RWE Gets Clearance for 100MW Electrolyzer for OW-to-Hydrogen Production

Nov 01, 2024

RWE has secured the necessary construction and environmental permits to build a 100 MW electrolyzer that would enable green hydrogen production as part of system integration plans associated with the 795 MW OranjeWind offshore wind project in the Dutch North Sea…

DOF Group Completes Acquisition of Maersk Supply Service

Nov 01, 2024

Norwegian offshore supply vessel company DOF Group has concluded the acquisition of Denmark-based Maersk Supply Service, which will be renamed to DOF Denmark.The combined company is expected to become one of the leading offshore service provider…

Tyra II Facilities to Operate at Full Technical Capacity Sooner Than Expected

Nov 01, 2024

BlueNord, the partner in the Tyra II project along with TotalEnergies and Nordsøfonden, has informed that Tyra II facilities will start operating at maximum technical capacity in the first half of November 2024, following the completion of equipment repairs…

Aker BP More Optimistic on Johan Sverdrup Peak Output as its Q3 Profit Grows

Nov 01, 2024

Aker BP expects Norway's largest oilfield Johan Sverdrup to produce at peak levels well into 2025, it said on Wednesday, taking a more bullish view than the field's operator and boosting its shares.The Norwegian company, partly owned by BP,…

UK Ups Windfall Tax on North Sea Oil Producers

Nov 01, 2024

The British government will increase a windfall tax on North Sea oil and gas producers to 38% from 35% and extend the levy by one year, finance minister Rachel Reeves announced on Wednesday.Presenting the first budget under the new Labour government…

TotalEnergies’ Income Hits Three-Year Low

Nov 01, 2024

French oil major TotalEnergies third-quarter profit hit a three-year low of $4.1 billion on Thursday, slightly missing expectations as refining margins and upstream outages dragged down earnings.Adjusted net income was down 37% from a year earlier and 12…

Shell’s $6B Quarterly Profit Exceeds Forecasts

Nov 01, 2024

Shell reported on Thursday third-quarter profits of $6 billion that exceeded forecasts by 12% as higher liquefied natural gas (LNG) sales offset a sharp drop in oil refining and trading results.The results, together with a drop in debt and strong cash flow…

Did You Know? Medium and Low Cyber Security Alerts Mark Rise

Oct 31, 2024

During the first half of this year, the number of cyber security high alerts remained stable compared to those handled in 2023, according to Marlink’s Security Operations Center (SOC) cyber security threats report.However, medium and low alerts saw a significant rise…

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