Spanish company BlueFloat Energy has partnered up with Sydney-based Origin Energy to develop a 1.7GW project at Australia’s Hunter offshore wind zone.The partners have already applied for a Feasibility License to develop the project dubbed Eastern Rise…
Mubadala Energy has made a significant gas discovery from the Layaran-1 Exploration well, drilled in South Andaman, offshore North Sumatra in Indonesia.Mubadala Energy is the operator of the South Andaman Gross Split PSC and this is the first deep water well operated by the company…
Norwegian energy industry giant Equinor has entered long long-term gas sales agreements with Germany’s state-owned energy company SEFE (Securing Energy for Europe), which also cover prospects for low-carbon hydrogen supplies.Under the agreements…
The Dutch government, through Energie Beheer Nederland (EBN), is stepping in as an active partner in the world’s first project that aims to produce green hydrogen on an operational gas platform in the North Sea.The PosHYdon project will integrate…
Oil prices were little changed on Tuesday as investors eyed the impact on oil supply after attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels.Brent crude futures rose 6 cents to $78…
The installation of the first offshore substation platform (OSP) for Ocean Winds’ Moray West offshore wind farm has been completed by Boskalis, using its DP vessel Bokalift1.The heavy lift operations in the Port of Nigg and on-site were completed successfully and safely…
Ailes Marines, a fully-owned subsidiary of Iberdrola, has completed the installation of all 62 wind turbines that form the Saint-Brieuc offshore wind farm in France.Less than three years after the start of construction and installation works…
UK oil and gas company Tower Resources has hired Borr Drilling’s Norve jack-up rig for the drilling campaign offshore Cameroon in central Africa. The Norve jack-up rig, part of Borr's fleet of high-specification drilling units, will be put to…
Swiss power production and distribution utility BKW and OWP Butendiek, an offshore wind farm based in northern Germany, have signed a long-term power purchase agreement (PPA). Starting in July 2024, BKW will purchase 18% of its total production…
MODEC and Toray Industries have jointly developed a carbon fiber-reinforced plastic (CFRP) patch technique for repairs on Floating Production, Storage and Offloading (FPSO), and Floating Storage and Offloading (FSO) systems.FPSO and FSO repair services provided by MODEC…
Oil major Shell and its partner Deltic Energy have approved the work program and budget for drilling the Pensacola appraisal well in late 2024.The Pensacola discovery, located in the UK North Sea, is estimated to contain gross P50 initially…
Norwegian oil company Aker BP has restored production at Alvheim field, causing an oil spill during the process of starting up the production vessel located in the central North Sea. The downtime resulted from a malfunction in new equipment…
Offshore seismic data firm TGS has been awarded an Ocean Bottom Node (OBN) data acquisition contract in the Gulf of Mexico.The project's acquisition will start in the first quarter of 2024.The contract will cover two-month proprietary OBN data acquisition work…
World oil demand will rise faster than expected next year, the International Energy Agency (IEA) said on Thursday, a sign that the outlook for near-term oil use remains robust despite this week's COP28 agreement to transition away from fossil fuels…
Oil investors will usher in 2024 with gnawing concerns about oversupply, slowing economic growth and simmering Middle East tension that could spark price volatility.Benchmark Brent has averaged around $80 a barrel this year, after a volatile…
Subscribe
