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Boskalis to Bolster Fleet with ‘Largest Subsea Rock Installation Vessel in Industry’

Jan 06, 2025

Dutch marine services firm Boskalis has announced the latest addition to its fleet, a giant subsea rock installation (SRI) vessel with a cargo capacity of 45,500 metric tons, which is set for delivery in the first quarter of 2026.The vessel…

Biden Expected to Ban Oil and Gas Development on Millions of Offshore Acres

Jan 05, 2025

President Joe Biden is set to ban new offshore oil and gas development across 625 million acres (250 million hectares) of U.S. coastal territory, Bloomberg News reported on Friday.The ban, to be announced on Monday, rules out the sale of drilling…

Subsea Sabotage in the Baltic Sea - a Timeline for Perspective

Jan 03, 2025

A Finnish court today denied a request for the release of an oil tanker suspected by police of damaging an undersea power line and four telecommunications cables in the Baltic Sea last week. The incident was one of several since 2022 in which…

BOEM Advances Offshore Wind Leasing in Guam

Jan 03, 2025

In support of the current administration’s goals to deploy 30 gigawatts (GW) of offshore wind energy capacity by 2030 and 15 GW of floating offshore wind energy capacity by 2035, the Bureau of Ocean Energy Management (BOEM) today announced the…

Tracking the Fall of Oil, the Rise of Wind in the UK North Sea

Jan 03, 2025

The British North Sea is one of the world's oldest offshore oil and gas basins where production has been in steady decline since the early 2000s. At the same time, the region has become one of the world's largest and fastest growing offshore wind basins…

PSE $15B Investment Plan includes Offshore Wind

Jan 03, 2025

Polish power-grid operator PSE said on Thursday its transmission network development plan for 2025-2034 assumes investment of more than $15.4 billion by 2034.The comprehensive plan will enable a significant increase in potential for new renewable energy sources…

Sable Offshore give Update on the Haaland Lawsuit

Jan 03, 2025

Sable Offshore Corp. provided an update on the previously disclosed Center for Biological Diversity et al. v. Debra Haaland et al. lawsuit. On December 20, 2024, the U.S. Department of Justice (in its capacity as counsel for the U.S. Bureau of Safety and Environmental Enforcement…

Trump to UK: Get Rid of North Sea "Windmills"

Jan 03, 2025

With the British government's announced plan to increase the windfall tax on North Sea oil and gas producers to 38% from 35% and extend the levy by one year, a move to fund renewable energy projects, U.S. President-elect Donald Trump took to…

Europe's Gas Uncertainty Help Drive Asian LNG Spot Prices Higher

Jan 03, 2025

Asian spot liquefied natural gas (LNG) prices rose this week to a one-month peak, as the expiry of a transit deal for Russian gas through Ukraine caused uncertainty in Europe's gas outlook.The average LNG price for February delivery into Northeast Asia LNG-AS was $14…

ENI Drill Ship to Start Work Soon Off Egypt

Jan 03, 2025

A drill ship will arrive in Egypt this month as operator Eni starts work on increasing production from the giant Zohr offshore gas field, Egypt's petroleum ministry said in a statement.Egypt had planned to become a major gas exporter after Eni discovered the field in 2015…

US NatGas up as LNG feedgas rises, Frigid Temps Forecast

Jan 02, 2025

U.S. natural gas futures edged up about 1% on Thursday on near record flows to liquefied natural gas (LNG) export plants and forecasts for colder weather and higher heating demand over the next two weeks than previously expected.Also supporting U…

Compressor Failure Shuts Down Equinor's Hammerfest LNG Plant

Jan 02, 2025

Equinor's Hammerfest LNG plant in Arctic northern Norway has suffered an unexpected outage due to a compressor failure, halting all output for one week, according to a regulatory statement on the Gassco web site on Thursday.The Hammerfest plant…

Equinor Reaches Financial Close for Empire Wind 1 Offshore Wind Project

Jan 02, 2025

Equinor’s Empire Wind 1 project in the United States has now secured a project financing package of over $3 billion, reaching a financial close at the end of December 2024.The expected total capital investments, including fees for the use of the South Brooklyn Marine Terminal (SBMT)…

Vantage, TotalEnergies Launch JV Set to Acquire Tungsten Explorer Drillship

Jan 02, 2025

Offshore drilling contractor Vantage Drilling and French energy major TotalEnergies have created a joint venture (JV) entity TEVA Ship Charter, which will acquire Vantage’s drillship Tungsten Explorer.Subsequent to the completion of the current Tungsten Explorer contract in Congo…

Noble’s Semi-Sub Drilling Rig Secures Work Off Australia

Jan 02, 2025

Offshore drilling contractor Noble Corporation has secured a contract for its semi-submersible drilling rig Ocean Apex offshore Australia.The new contract, with undisclosed client, is for a minimum 37 days, and will begin in direct continuation of the rig’s prior commitments in Australia…

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