Energy News

 

CIMC Raffles Delivers China's First Semi-submersible Floating Solar Power Platform

Apr 11, 2023

China's CIMC Raffles, best known to Offshore Engineer readers for its offshore drilling rig construction project, has recently launched and delivered China's first semi-submersible offshore floating solar power platform.According to CIMC, the…

Kazakhstan Takes Oil Majors to Arbitration Over Costs

Apr 11, 2023

Kazakhstan has started arbitration proceedings against companies developing its Kashagan and Karachaganak oilfields over $13 billion and $3.5 billion, respectively, in costs deducted as part of profit-sharing deals, its energy minister said on Tuesday…

Harbour Energy, BP to Develop Viking CCS Project. FID Expected in 2024

Apr 11, 2023

UK-based oil and gas company Harbour Energy and oil major BP on Monday said they had agreed to develop the Viking CCS transportation and storage project in the UK.Harbour continues as operator of Viking CCS with a 60%, with BP acquiring a 40% non-operated share…

BSEE Gears Up for Offshore Wind Oversight

Apr 10, 2023

BSEE Director Kevin Sligh Sr. discusses with Offshore Engineer the myriad of challenges and opportunities ahead as the government agency integrates oversight of the U.S. offshore wind build out, targeting 30GW of offshore wind power by 2030 and another 15GW from floating wind by 2035.

Oil Price Levels Off

Apr 10, 2023

Oil steadied on Monday, after rising for three straight weeks, as looming supply cuts from Saudi Arabia and other OPEC+ producers balanced concern about weakening global growth that may dampen fuel demand.Last week crude jumped more than 6% after OPEC+…

Indonesia Auctions Trio of Oil and Gas Blocks

Apr 10, 2023

Indonesia has put three oil and gas exploration blocks out for tender in its first bidding round of the year, with estimated resources of more than 2.4 billion barrel of oil and 9 trillion cubic feet of gas, its energy ministry said.Indonesia plans to offer 10 oil and gas working areas this year…

Historic Offshore Worker Strike in UK North Sea to Bring Dozens of Platforms to Standstill, Unite Says

Apr 07, 2023

UK-based workers' union Unite said on Friday said that an 'unprecedented 48-hour major stoppage' would hit the offshore oil sector later this month, with 1350 offshore workers predicted to bring dozens of platforms to a ‘standstill.’The trade…

Airbus Wins Largest Single Order for H160 Helicopters from China's GDAT

Apr 07, 2023

Airbus Helicopters said Friday it had signed a contract with China-based helicopter lessor and operator with GDAT for 50 H160 helicopters. The helicopters will be used notably for the energy sector, including offshore transportation for oil and gas platforms…

Baker Hughes Completes Acquisition of Well Intervention Specialist Altus Intervention

Apr 07, 2023

Oilfield services giant Baker Hughes said this week it had completed the acquisition of Norway-based well intervention specialist Altus Intervention.'Today, we are pleased to announce the completion of the Altus Intervention acquisition. This…

SMJ Acquires 50% Stake in Petronas' Block Offshore Sabah

Apr 07, 2023

SMJ, a company owned by the Sabah State Government, has signed an agreement with Petronas Carigali for the acquisition of  Petronas' 50% non-operating stake in the Samarang production sharing contract (PSC).Petronas Carigali will continue to be the operator of Samarang PSC…

Fabrication of J-tube Frames Starts for Moray West Offshore Wind Farm

Apr 07, 2023

Global Energy Group's (GEG) North Fabrication division has started fabrication of two J-tube frames for the 882MW Moray West offshore wind farm, with a steel cutting at the Port of Nigg, Scotland.The completed J-tube frames will be attached…

Swedish Prosecutor Believes State Actor Behind Nord Stream Pipeline Blasts

Apr 07, 2023

A state actor's involvement in the blast of the Nord Stream pipelines last year is the 'absolute main scenario', though confirming identity will prove difficult, the Swedish prosecutor investigating the attack said on Thursday.In September 2022…

FPSO En Route to Develop Ivory Coast's Largest Offshore Field

Apr 07, 2023

Italian oil firm Eni, with its partner PetroCi, on Thursday celebrated the sail away of the FPSO Firenze to the giant Baleine oil and gas field offshore Ivory Coast.The FPSO Firenze, which sailed away from Dubai, will allow the production start-up of the Baleine field…

World Court says it Can Rule on Guyana-Venezuela Border Dispute

Apr 07, 2023

Judges at the International Court of Justice (ICJ) on Thursday ruled they had jurisdiction over a long-running border dispute between Guyana and Venezuela, which could determine which country has rights to territory rich in oil and gas.Guyana in 2018 asked the ICJ…

Acteon's TerraSond and Benthic Win Floating Offshore Wind Survey Work in Scotland

Apr 06, 2023

Acteon's Data and Robotic division's geo-services brands TerraSond and Benthic have secured a combined geophysical and geotechnical survey work scope with the BlueFloat Energy and Renantis Partnership for the Bellrock and Broadshore offshore wind farms northeast of Aberdeen…

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