Category: offshore energy biz
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ExxonMobil’s 2030 agenda: Fueling decarbonization with $30 billion while ramping up oil & gas and LNG output
ExxonMobil’s 2030 agenda: Fueling decarbonization with $30 billion while ramping up oil & gas and LNG output ExxonMobil has unveiled its new corporate plan up to 2030, expecting to deliver a growth potential of $20 billion in earnings and $30 billion in cash flow. The post ExxonMobil’s 2030 agenda: Fueling decarbonization with $30 billion while…
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NovaAlgoma’s methanol dual-fuel cement carrier to generate sustainable electricity onboard
NovaAlgoma’s methanol dual-fuel cement carrier to generate sustainable electricity onboard NovaAlgoma Cement Carriers has opted for a system to generate sustainable electricity on board its methanol dual-fuel cement carrier. The post NovaAlgoma’s methanol dual-fuel cement carrier to generate sustainable electricity onboard appeared first on Offshore Energy. Naida Hakirevic Prevljak Go to offshore energy biz
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Finnish firm wins ISO certification for drone-based GHG emissions monitoring solution
Finnish firm wins ISO certification for drone-based GHG emissions monitoring solution Finland-based provider of mobile emission monitoring services Aeromon has received international accreditation for its technology enabling the monitoring and analysis of airborne greenhouse gas (GHG) emissions. The post Finnish firm wins ISO certification for drone-based GHG emissions monitoring solution appeared first on Offshore Energy.…
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US LNG export projects on hold until environmental reviews are out of the way
US LNG export projects on hold until environmental reviews are out of the way As the Department of Energy (DOE) has confirmed the environmental reviews will need to be completed with all agencies before pending projects can get back on track, the pause appears to still be in effect, even though a preliminary injunction from…
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With building permit secured, Polish FSRU project ready for execution stage
With building permit secured, Polish FSRU project ready for execution stage Poland’s gas transmission system operator Gaz-System has obtained a building permit for the floating storage and regasification unit (FSRU) that will form part of the country’s second liquefied natural gas (LNG) terminal, in the Gulf of Gdańsk. The post With building permit secured, Polish…
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TotalEnergies takes over gas assets offshore Malaysia
TotalEnergies takes over gas assets offshore Malaysia TotalEnergies has expanded its gas portfolio with more assets off the coast of Malaysia by wrapping up the acquisition of stakes OMV and Sapura Upstream held in SapuraOMV Upstream Assets, a Malaysian independent gas producer and operator. The post TotalEnergies takes over gas assets offshore Malaysia appeared first…
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CSET: ‘World’s first’ LNG dual-fuel VLCC gets on UNGC’s ESG+20 list
CSET: ‘World’s first’ LNG dual-fuel VLCC gets on UNGC’s ESG+20 list Yuan Rui Yang, the “world’s first” liquefied natural gas (LNG) dual-fuel very large crude carrier (VLCC), has been selected as one of the top 20 corporate sustainability case examples by the United Nations Global Compact (UNGC). The post CSET: ‘World’s first’ LNG dual-fuel VLCC…
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CMP reaffirms its dedication to sustainable maritime operations ahead of 2025
CMP reaffirms its dedication to sustainable maritime operations ahead of 2025 As the year 2024 draws to a close, Copenhagen Malmö Port (CMP) has reinforced […] The post CMP reaffirms its dedication to sustainable maritime operations ahead of 2025 appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz
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US-Qatar oil & gas ties are ‘win-win’ but EU’s green agenda bound to cause exodus, QatarEnergy’s CEO warns
US-Qatar oil & gas ties are ‘win-win’ but EU’s green agenda bound to cause exodus, QatarEnergy’s CEO warns QatarEnergy’s CEO has pinpointed the potential detriments the EU’s new sustainability rules may bring, including energy security woes for the top global liquefied natural gas (LNG) import market, given the high penalties gas and LNG importing club…
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Closing oil & gas chapters in Azerbaijan and Nigeria garners $2 billion for Equinor’s portfolio enhancement
Closing oil & gas chapters in Azerbaijan and Nigeria garners $2 billion for Equinor’s portfolio enhancement Equinor has crossed the finish line for the divestment of its upstream assets in Azerbaijan and Nigeria, bringing a consideration of up to $2 billion to fuel the firm’s oil and gas portfolio optimization mission. The post Closing oil…
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China’s EV giant BYD takes delivery of another dual-fuel car carrier
China’s EV giant BYD takes delivery of another dual-fuel car carrier China’s BYD, ‘the world’s largest’ plug-in hybrid electric vehicle manufacturer, recently took delivery of its second LNG dual-fuel car carrier. The post China’s EV giant BYD takes delivery of another dual-fuel car carrier appeared first on Offshore Energy. Naida Hakirevic Prevljak Go to offshore…
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UK firm makes a move to secure rig for gas drilling ops offshore Timor-Leste
UK firm makes a move to secure rig for gas drilling ops offshore Timor-Leste Sunda Energy has set the wheels in motion to ensure its drilling plans for an appraisal well at a gas field off the coast of Timor-Leste can move forward by reaching a non-binding letter of intent (LOI) with an undisclosed drilling contractor…
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Middle East’s first grid-connected wave energy array goes live
Middle East’s first grid-connected wave energy array goes live Wave energy developer Eco Wave Power and EDF Renewables have unveiled what is said […] The post Middle East’s first grid-connected wave energy array goes live appeared first on Offshore Energy. Zerina Maksumic Go to offshore energy biz
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‘Landmark’ deal to establish green hydrogen supply chain between Belgium and Oman
‘Landmark’ deal to establish green hydrogen supply chain between Belgium and Oman Collaboration between Belgium and Oman has been strengthened with a new memorandum of understanding (MoU) signed by the Belgian Hydrogen Council and Hydrom. The post ‘Landmark’ deal to establish green hydrogen supply chain between Belgium and Oman appeared first on Offshore Energy. Ajsa…
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LNG as marine fuel: Fast-maturing but still in early stages, SEA-LNG found
LNG as marine fuel: Fast-maturing but still in early stages, SEA-LNG found Despite the fact that it is maturing faster than other alternative fuels, LNG and […] The post LNG as marine fuel: Fast-maturing but still in early stages, SEA-LNG found appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz
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Chinese duo exits as local firm pays $1.92 billion for stake in Brazil’s giant offshore field
Chinese duo exits as local firm pays $1.92 billion for stake in Brazil’s giant offshore field PRIO has expanded its footprint off the coast of Brazil by acquiring non-operated interests of two Chinese players in a field offshore Rio de Janeiro, said to be Equinor’s largest operated field outside Norway. The post Chinese duo exits as…
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Noble rigs score more work with TotalEnergies, BP, and TAQA as Inpex opts for early termination
Noble rigs score more work with TotalEnergies, BP, and TAQA as Inpex opts for early termination Noble Corporation has secured further work for two floaters in Nigeria with France’s TotalEnergies and in the UK with TAQA while one of its jack-up rigs also got more work in Britain with BP. However, Inpex has decided to…
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LR provides insight into its stamp of approval for GTT’s new LNG carrier design
LR provides insight into its stamp of approval for GTT’s new LNG carrier design The UK-based classification society Lloyd’s Register (LR) has shared the rationale behind granting an approval in principle (AiP) to French technological containment specialist Gaztransport & Technigaz (GTT) for its 200,000 cubic meters (cbm) liquefied natural gas (LNG) carrier concept. The post…
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‘Most significant gas discovery’ offshore Colombia puts $4.1 billion on the investment horizon
‘Most significant gas discovery’ offshore Colombia puts $4.1 billion on the investment horizon Petrobras and its partner, Ecopetrol, have confirmed a giant natural gas discovery off the coast of Colombia. The post ‘Most significant gas discovery’ offshore Colombia puts $4.1 billion on the investment horizon appeared first on Offshore Energy. Melisa Cavcic Go to offshore…
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Fresh drilling gig in Norwegian waters scraps rig’s idle time before its multi-year job begins
Fresh drilling gig in Norwegian waters scraps rig’s idle time before its multi-year job begins Northern Ocean (NOL) has confirmed a short-term assignment with an undisclosed operator on the Norwegian Continental Shelf (NCS) for a semi-submersible rig, which is currently under contract in Africa. The post Fresh drilling gig in Norwegian waters scraps rig’s idle time…
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Liquid Wind eyes expansion of e-fuel plants beyond Europe with new collaboration
Liquid Wind eyes expansion of e-fuel plants beyond Europe with new collaboration Liquid Wind signed a collaboration agreement with SAMSUNG E&A to accelerate the development of e-fuel projects beyond Europe, in Asia, Africa, and the Middle East. The post Liquid Wind eyes expansion of e-fuel plants beyond Europe with new collaboration appeared first on Offshore…
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Damen unveils ‘groundbreaking’ hull cleaning offering with ROV in starring role
Damen unveils ‘groundbreaking’ hull cleaning offering with ROV in starring role Damen Shiprepair, part of Damen Shipyards Group, has revealed a hull cleaning service that uses a remotely operated vehicle (ROV) for its task. This vessel technology is said to be the first of its kind in France. The post Damen unveils ‘groundbreaking’ hull cleaning…
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‘Major shipowner’ goes on 16-engine spree for its LNG carrier octet
‘Major shipowner’ goes on 16-engine spree for its LNG carrier octet Swiss marine power company WinGD has received an order for 16 X-DF dual-fuel engines that are set to power eight liquefied natural gas (LNG) carriers following a late-stage change of heart by what the firm says is a “major shipowner.” The post ‘Major shipowner’…
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Oil & gas flows from ‘win-win’ subsea tie-back offshore Norway
Oil & gas flows from ‘win-win’ subsea tie-back offshore Norway Equinor has brought online a development project in the Norwegian Sea, which has been tied back to existing infrastructure at a field off the coast of Norway. The post Oil & gas flows from ‘win-win’ subsea tie-back offshore Norway appeared first on Offshore Energy. Melisa…
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Seatrium using digital twin technology to boost FPSO safety
Seatrium using digital twin technology to boost FPSO safety Seatrium and Technology Centre for Offshore & Marine, Singapore (TCOMS) have expanded on the master research collaboration agreement (MRCA) to develop new technology aiming to make floating production storage and offloading (FPSO) platforms safer and more efficient. The post Seatrium using digital twin technology to boost…
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Nordic Roadmap: Immediate government action needed to close fuel transition cost gap
Nordic Roadmap: Immediate government action needed to close fuel transition cost gap The Nordic Roadmap project has unpacked the Fuel Transition Roadmap for Nordic Shipping, a […] The post Nordic Roadmap: Immediate government action needed to close fuel transition cost gap appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz
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Thumbs-up for NYK’s long-distance subsea cable-laying vessel design
Thumbs-up for NYK’s long-distance subsea cable-laying vessel design ClassNK has given its approval in principle (AiP) to Nippon Yusen Kabushiki Kaisha (NYK Line) for a design concept of a cable-laying vessel envisioned to handle the construction of a long-distance subsea direct current (DC) transmission network in Japan. The post Thumbs-up for NYK’s long-distance subsea cable-laying…
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TenneT taps ABL for MWS services in Germany
TenneT taps ABL for MWS services in Germany The German transmission system operator (TSO) TenneT has selected ABL to provide marine warranty […] The post TenneT taps ABL for MWS services in Germany appeared first on Offshore Energy. Adnan Memija Go to offshore energy biz
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McDermott scores FEED assignment at oil project in Gulf of Mexico
McDermott scores FEED assignment at oil project in Gulf of Mexico McDermott has secured a front-end engineering design (FEED) contract with Repsol for two oil fields that form part of a development project in the Gulf of Mexico’s Block 29 off the coast of Mexico. The post McDermott scores FEED assignment at oil project in…
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Inpex farming into Seascape’s exploration block offshore Malaysia
Inpex farming into Seascape’s exploration block offshore Malaysia Japan’s energy company Inpex Corporation has inked a share sale and purchase agreement (SSPA) with Seascape Energy, a Southeast Asia-focused E&P player, to acquire a participating interest in a production sharing contract (PSC) off the coast of Sarawak, Malaysia from the latter’s subsidiary. The post Inpex farming…
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Latin America’s first electric tug launched
Latin America’s first electric tug launched Chile’s state-owned company Empresa Nacional del Petróleo (Enap) and harbor towage services provider SAAM have launched Latin America’s first electric tug at Sanmar shipyard in Tuzla Bay, Turkey. The post Latin America’s first electric tug launched appeared first on Offshore Energy. Ajsa Habibic Go to offshore energy biz
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UK subsea player gets new job at Brazil’s deepwater oil field
UK subsea player gets new job at Brazil’s deepwater oil field CRP Subsea, part of AIS, has been hired to supply its distributed buoyancy modules (DBMs) to a deepwater oil field project in the pre-salt Santos Basin, off the coast of Brazil. The post UK subsea player gets new job at Brazil’s deepwater oil field appeared first…
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Second European Hydrogen Bank auction with €1.2 billion budget is officially open
Second European Hydrogen Bank auction with €1.2 billion budget is officially open The European Commission (EC) has officially opened the second auction under the European Hydrogen Bank. The post Second European Hydrogen Bank auction with €1.2 billion budget is officially open appeared first on Offshore Energy. Ajsa Habibic Go to offshore energy biz
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Petrobras fires the starting gun on bid battle for two new Brazil-bound FPSOs
Petrobras fires the starting gun on bid battle for two new Brazil-bound FPSOs Petrobras has kicked off a new procurement process to secure two more floating production, storage, and offloading (FPSO) vessels, which will be deployed in the Sergipe Alagoas Basin off the coast of Brazil. The post Petrobras fires the starting gun on bid…
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GAIL’s LNG fleet growing thanks to deal with K Line
GAIL’s LNG fleet growing thanks to deal with K Line India’s state-owned natural gas player GAIL has signed a long-term time charter agreement with Japanese shipping company Kawasaki Kisen Kaisha (K Line) for a new liquefied natural gas (LNG) vessel to be built by Korea’s Samsung Heavy Industries (SHI). The post GAIL’s LNG fleet growing…
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Ireland’s first energy link to EU shaping up with ‘steady progress’ on cable routes for French interconnection
Ireland’s first energy link to EU shaping up with ‘steady progress’ on cable routes for French interconnection A one-year construction milestone has been reached at a subsea cable interconnection project between Ireland and France, known as Celtic Interconnector, only two years since the engineering, procurement, and construction (EPC) contracts were signed in Paris. The post…
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Damen expands shore power capacity to support all vessel types
Damen expands shore power capacity to support all vessel types Dutch Damen Shiprepair Oranjewerf has given a green boost to its ship repair, maintenance, conversion, and refit projects by expanding the shore power capacity to cover all types of vessels that call at the yard. The post Damen expands shore power capacity to support all vessel…
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Chinese oil & gas giant on a roll as another development project comes online
Chinese oil & gas giant on a roll as another development project comes online China National Offshore Oil Corporation (CNOOC) has begun production at another oilfield development project in the South China Sea, off the coast of China. The post Chinese oil & gas giant on a roll as another development project comes online appeared…
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Helix picks up work on Britain’s giant subsea electricity superhighway
Helix picks up work on Britain’s giant subsea electricity superhighway Helix has landed an unexploded ordnance (UXO) target investigation services assignment for a high voltage direct current (HVDC) cable connection in the UK. The post Helix picks up work on Britain’s giant subsea electricity superhighway appeared first on Offshore Energy. Melisa Čavčić Go to offshore…
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Saipem rig finds more light oil & gas-condensate offshore Namibia
Saipem rig finds more light oil & gas-condensate offshore Namibia Galp has struck light oil and gas-condensate in the first well within its second exploration and appraisal program in the Orange Basin, where oil discoveries were made during the first campaign within license PEL 83 off the coast of Namibia. The post Saipem rig finds…
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KCA Deutag gives Axess more work on nine platforms offshore Norway
KCA Deutag gives Axess more work on nine platforms offshore Norway KCA Deutag has prolonged and extended an assignment across multiple platforms on the Norwegian Continental Shelf (NCS), which is being undertaken by Axess Group, owned by Axio (72%), Salvesen & Thams Invest (18%), and Axess Mipco (10%). The post KCA Deutag gives Axess more…
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Sirius Shipping orders four hybrid 7,999 dwt tankers
Sirius Shipping orders four hybrid 7,999 dwt tankers As part of its fleet renewal efforts, Swedish shipping company Sirius Shipping has ordered four hybrid 7,999 dwt oil/chemical tankers in China. The post Sirius Shipping orders four hybrid 7,999 dwt tankers appeared first on Offshore Energy. Naida Hakirevic Prevljak Go to offshore energy biz
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New pipeline milestone for natural gas project in Brazilian waters
New pipeline milestone for natural gas project in Brazilian waters Norwegian energy giant Equinor has tucked a new steel pipe production milestone under its belt for its upcoming natural gas project off the coast of Brazil. The post New pipeline milestone for natural gas project in Brazilian waters appeared first on Offshore Energy. Melisa Čavčić…
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Eni expands offshore oil & gas acreage in Côte d’Ivoire ahead of its giant project’s next chapter
Eni expands offshore oil & gas acreage in Côte d’Ivoire ahead of its giant project’s next chapter Eni has enriched its offshore oil and gas portfolio in Côte d’Ivoire with four new exploration blocks while closing in on the finish line to bring the second stage of its oil and gas development online. The post Eni…
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PSA Singapore, Evergreen Marine create joint venture for container terminal ops
PSA Singapore, Evergreen Marine create joint venture for container terminal ops Singaporean port operator PSA Singapore (PSA) and Taiwanese container shipping company Evergreen Marine Corporation have formed a joint venture in Singapore aiming to enhance operational excellence and achieve greater synergies in container operations. The post PSA Singapore, Evergreen Marine create joint venture for container…
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UK’s new fiscal regime keeps North Sea gas project ‘robust and high value’ but alternate export route on the table
UK’s new fiscal regime keeps North Sea gas project ‘robust and high value’ but alternate export route on the table ASX-listed Hartshead Resources and Viaro Energy, through its wholly-owned subsidiary RockRose Energy, are working on progressing the development of their gas project in the UK sector of the North Sea. The post UK’s new fiscal…
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Cable laying vessel hard at work on offshore wind project (Gallery)
Cable laying vessel hard at work on offshore wind project (Gallery) China-headquartered subsea cable vessel owner and operator Fulan Offshore has deployed its cable laying vessel (CLV) for inter-array cable installation at a giant offshore wind project in Chinese waters. The post Cable laying vessel hard at work on offshore wind project (Gallery) appeared first…
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Rotterdam-Singapore green corridor conducts pilot liquefied bio-methane bunkering
Rotterdam-Singapore green corridor conducts pilot liquefied bio-methane bunkering Partners in the Rotterdam-Singapore Green and Digital Shipping Corridor (GDSC) initiative have concluded a pilot for the bunkering of mass-balanced liquefied bio-methane (LBM), The post Rotterdam-Singapore green corridor conducts pilot liquefied bio-methane bunkering appeared first on Offshore Energy. Ajsa Habibic Go to offshore energy biz
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LIVE BLOG: Offshore Energy Exhibition & Conference 2024
LIVE BLOG: Offshore Energy Exhibition & Conference 2024 Welcome to the Live Blog! That is all for today, see you tomorrow! Enjoy […] The post LIVE BLOG: Offshore Energy Exhibition & Conference 2024 appeared first on Offshore Energy. Aida Čučuk Go to offshore energy biz
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Damen, Herman Sr. shake hands on methanol-ready, diesel-electric multipurpose ship
Damen, Herman Sr. shake hands on methanol-ready, diesel-electric multipurpose ship Dutch shipbuilding major Damen Shipyards Group and compatriot tug and workboat company Herman Sr. have signed a letter of intent (LOI) for the construction of a new methanol-ready diesel-electric multipurpose vessel (MPV). The post Damen, Herman Sr. shake hands on methanol-ready, diesel-electric multipurpose ship appeared…
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FLNG milestone keeps Eni’s next chapter of African LNG story on track (Gallery)
FLNG milestone keeps Eni’s next chapter of African LNG story on track (Gallery) Eni has made inroads in bringing its new floating liquefied natural gas (FLNG) unit to life in line with its start-up timeline, thus, the unit is still slated to come into operation mode in the fourth quarter of 2025 at the Italian player’s…
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Sea lion’s first roar pushed back as costs rise to $1.4 billion for Falkland Islands’ oil project
Sea lion’s first roar pushed back as costs rise to $1.4 billion for Falkland Islands’ oil project Israel’s Navitas Petroleum has postponed a final investment decision (FID) for its giant Sea Lion oil project in the North Falkland Basin (NFB), bumping it to next year for Phase 1, following the cost hike to $1.4 billion.…
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Fuel supply and clean energy players align efforts toward maritime climate neutrality
Fuel supply and clean energy players align efforts toward maritime climate neutrality Finnish fuel supply systems provider Auramarine and British clean energy solutions supplier Quadrise Plc […] The post Fuel supply and clean energy players align efforts toward maritime climate neutrality appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz
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ConocoPhillips ties the $22.5 billion merger knot with US oil & gas player
ConocoPhillips ties the $22.5 billion merger knot with US oil & gas player ConocoPhillips has brought a compatriot oil and gas company into its fold by wrapping up the multibillion-dollar business combination with Marathon Oil Corporation. The post ConocoPhillips ties the $22.5 billion merger knot with US oil & gas player appeared first on Offshore…
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OEEC 2024 Exclusive Networking Dinner guests meeting ahead of event kick-off tomorrow
OEEC 2024 Exclusive Networking Dinner guests meeting ahead of event kick-off tomorrow The 17th edition of Offshore Energy Exhibition & Conference (OEEC) will launch tomorrow, November 26, […] The post OEEC 2024 Exclusive Networking Dinner guests meeting ahead of event kick-off tomorrow appeared first on Offshore Energy. Adrijana Buljan Go to offshore energy biz
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Maritime industry witnesses ‘unprecedented’ surge in dual-fuel ship orders
Maritime industry witnesses ‘unprecedented’ surge in dual-fuel ship orders There has been a huge rise in orders for dual-fuel vessels over the last six years, according to Veson Nautical’s data. The post Maritime industry witnesses ‘unprecedented’ surge in dual-fuel ship orders appeared first on Offshore Energy. Naida Hakirevic Prevljak Go to offshore energy biz
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Powering oil & gas production with renewables and low-carbon energy: Electrification brings emission cuts of 80%
Powering oil & gas production with renewables and low-carbon energy: Electrification brings emission cuts of 80% While the energy transition toolbox is filled with decarbonization tools, electrification seems to be the jewel in its crown, based on research conducted by Rystad Energy, which points out that applying this method to upstream operations has the potential…
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WinGD’s X-DF-A engines set to power seven LPG/ammonia carriers in China
WinGD’s X-DF-A engines set to power seven LPG/ammonia carriers in China Swiss marine engine developer WinGD has bagged new contracts for its ammonia-fueled X-DF-A engine […] The post WinGD’s X-DF-A engines set to power seven LPG/ammonia carriers in China appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz
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COP29 delivers hat trick with $1.3 trillion on the cards but lack of stronger mitigation and finance action seen as ‘betrayal’
COP29 delivers hat trick with $1.3 trillion on the cards but lack of stronger mitigation and finance action seen as ‘betrayal’ COP29 has managed to reach a consensus on tripling climate finance while setting a new worldwide target to direct $1.3 trillion of climate finance to developing countries by 2030. The post COP29 delivers hat…
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Carbon markets are a go but trillions at stake: Will ‘climate finance COP’ deliver the goods at the eleventh hour?
Carbon markets are a go but trillions at stake: Will ‘climate finance COP’ deliver the goods at the eleventh hour? Given the trillion-dollar gap between the Global South’s demands and the Global North’s proposal for a new climate finance target, the 29th Conference of the Parties (COP29) has run into overtime in one last attempt…
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$111 billion investment on Petrobras’ five-year agenda
$111 billion investment on Petrobras’ five-year agenda Petrobras has unveiled its new business plan for the 2025-2029 period (BP 2025-29) and strategic plan 2050 (SP 2050), outlining its focus and priorities to reinforce its long-term vision. The post $111 billion investment on Petrobras’ five-year agenda appeared first on Offshore Energy. Melisa Čavčić Go to offshore…
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SBM Offshore bankrolling construction of Guyana-bound FPSO with $1.5 billion loan
SBM Offshore bankrolling construction of Guyana-bound FPSO with $1.5 billion loan SBM Offshore has secured $1.5 billion with a consortium of 16 international financial institutions to cover the construction costs for a floating production, storage, and offloading (FPSO) vessel destined to be deployed on a deepwater oil development on the Stabroek block off the coast…
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Hong Kong company rolls out the red carpet for two eco-friendly electric-hybrid ferries
Hong Kong company rolls out the red carpet for two eco-friendly electric-hybrid ferries Ferry service company Hong Kong & Kowloon Ferry (HKKF) has welcomed two new “zero […] The post Hong Kong company rolls out the red carpet for two eco-friendly electric-hybrid ferries appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz
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OEEC first offshore energy event with dedicated nature enhancement content program, exhibition pavilion
OEEC first offshore energy event with dedicated nature enhancement content program, exhibition pavilion The Netherlands is a pioneer in including nature enhancement stipulations in offshore (wind) energy […] The post OEEC first offshore energy event with dedicated nature enhancement content program, exhibition pavilion appeared first on Offshore Energy. Adrijana Buljan Go to offshore energy biz
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Hydraulics, mechanical or electrical: offshore engineering projects demand specialised equipment
Hydraulics, mechanical or electrical: offshore engineering projects demand specialised equipment The operations involved in the installation, commissioning and maintenance of offshore wind farms are […] The post Hydraulics, mechanical or electrical: offshore engineering projects demand specialised equipment appeared first on Offshore Energy. Admir Cavalic Go to offshore energy biz
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Normec Verifavia MD sheds light on regulatory compliance challenges as shipping readies for pivotal shift in 2025
Normec Verifavia MD sheds light on regulatory compliance challenges as shipping readies for pivotal shift in 2025 From 2025, the shipping industry will usher in a new era of more stringent regulations with environmental pieces woven into it. Adhering to these regulations is expected to drive a shift towards achieving net zero emissions by 2050.…
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Development moves forward but pending court verdict could spell the end for UK’s giant oil & gas projects
Development moves forward but pending court verdict could spell the end for UK’s giant oil & gas projects As the climate crisis intensifies, so do legal challenges for hydrocarbon projects, especially in the United Kingdom (UK), where two North Sea operators and climate activists are locked in a court battle with the potential to put…
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NKT nearing finish line for its Swedish expansion project
NKT nearing finish line for its Swedish expansion project Denmark-headquartered power cable manufacturer and installation firm NKT is nearing completion of its expansion […] The post NKT nearing finish line for its Swedish expansion project appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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North Sea oil & gas project named after Odin’s mother from Norse mythology gets the go-ahead
North Sea oil & gas project named after Odin’s mother from Norse mythology gets the go-ahead OKEA has received the Norwegian government’s blessing to move forward with its plan for the development and operation (PDO) of an oil and gas field in the North Sea off the coast of Norway, which will be tied back to…
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First of five planned production wells comes online offshore Malaysia
First of five planned production wells comes online offshore Malaysia Hibiscus Petroleum, a Malaysian independent oil and gas exploration and production company, has achieved the first oil from the first well in its multi-well program at a field off the coast of Malaysia. The post First of five planned production wells comes online offshore Malaysia appeared…
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Velesto, Petronas, and NOV pursuing rig automation and stepping up drilling game with robotics
Velesto, Petronas, and NOV pursuing rig automation and stepping up drilling game with robotics Velesto has joined forces with Petronas and NOV to enhance drilling operations by bringing robotics into play and boosting its jack-up fleet with a rig automation system. The post Velesto, Petronas, and NOV pursuing rig automation and stepping up drilling game…
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LS Cable & System to supply offshore cables for CIP’s South Korean floating wind project
LS Cable & System to supply offshore cables for CIP’s South Korean floating wind project LS Cable & System has signed a letter of intent (LOI) with Denmark’s Copenhagen […] The post LS Cable & System to supply offshore cables for CIP’s South Korean floating wind project appeared first on Offshore Energy. Adnan Memija Go…
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PNG LNG getting more gas thanks to new project coming online
PNG LNG getting more gas thanks to new project coming online Australia’s energy giant Santos has completed its two-well project forming part of an integrated development to commercialize the gas resources of Papua New Guinea. The post PNG LNG getting more gas thanks to new project coming online appeared first on Offshore Energy. Dragana Nikše…
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UK’s offshore oil & gas decom bill to hit £24.6 billion by 2033
UK’s offshore oil & gas decom bill to hit £24.6 billion by 2033 Offshore Energies UK (OEUK) has outlined in its new report that decommissioning work could account for 22% of the cumulative oil and gas spend over the next ten years. The post UK’s offshore oil & gas decom bill to hit £24.6 billion…
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Cenergy Holdings’ subsidiary upgrades capacity to address growing demand of steel pipes
Cenergy Holdings’ subsidiary upgrades capacity to address growing demand of steel pipes Corinth Pipeworks, part of Belgian company Cenergy Holdings, has completed an upgrade to its […] The post Cenergy Holdings’ subsidiary upgrades capacity to address growing demand of steel pipes appeared first on Offshore Energy. Zerina Maksumic Go to offshore energy biz
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Green shipping corridors surge by 40% worldwide, report reveals
Green shipping corridors surge by 40% worldwide, report reveals Green shipping corridors – specific trade routes where the feasibility of zero-emission shipping is catalyzed by public and private action – have rapidly expanded in popularity worldwide but progress could stall without urgent action from governments to overcome a “feasibility wall”, according to a new report.…
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Norwegian duo looking into floating power hubs for offshore platforms with CCS solution
Norwegian duo looking into floating power hubs for offshore platforms with CCS solution Techouse and electricity provider Ocean-Power – have signed a memorandum of understanding (MoU) to explore the option of developing a floating gas power plant with CO2-capture capabilities to be deployed on the Norwegian Continental Shelf (NCS). The post Norwegian duo looking into…
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COP29’s trillion-dollar net zero battle: Needs, wants, and reality of global energy scene run by oil & gas
COP29’s trillion-dollar net zero battle: Needs, wants, and reality of global energy scene run by oil & gas Many proponents of taking a stronger stance on global climate action are hoping for a pivotal shift in the final text of the 29th Conference of the Parties (COP29), which will turn the tide once and for…
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CMA CGM welcomes another LNG-powered newbuild
CMA CGM welcomes another LNG-powered newbuild French shipping giant CMA CGM has taken delivery of another LNG-powered newbuild from South […] The post CMA CGM welcomes another LNG-powered newbuild appeared first on Offshore Energy. Ajsa Habibic Go to offshore energy biz
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Wallenius Wilhelmsen to introduce future fuels-fit fuel surcharge
Wallenius Wilhelmsen to introduce future fuels-fit fuel surcharge Norwegian shipping and logistics company Wallenius Wilhelmsen has decided to launch a re-engineered bunker adjustment factor, BAF2.0, to prepare for future fuels on the path to net-zero emissions by 2040. The post Wallenius Wilhelmsen to introduce future fuels-fit fuel surcharge appeared first on Offshore Energy. Naida Hakirevic…
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KIMM reveals new automated mooring system for autonomous vessels
KIMM reveals new automated mooring system for autonomous vessels The Korea Institute of Machinery & Materials (KIMM) has created an ‘enhanced’ automated mooring […] The post KIMM reveals new automated mooring system for autonomous vessels appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz
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Malaysia and China fostering oil & gas and LNG collaboration
Malaysia and China fostering oil & gas and LNG collaboration Two state-owned companies, Malaysia’s Petronas and China’s China National Petroleum Corporation (CNPC), have signed a memorandum of understanding (MoU) for strategic cooperation in the oil and gas and liquefied natural gas (LNG) arena. The post Malaysia and China fostering oil & gas and LNG collaboration…
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Borr Drilling takes delivery of newbuild rig from Seatrium ahead of schedule
Borr Drilling takes delivery of newbuild rig from Seatrium ahead of schedule Seatrium has delivered another newbuild jack-up rig earlier than expected to Borr Drilling. This handover of the final unit in a multi-rig series is said to have been completed almost a year before it was due. The post Borr Drilling takes delivery of newbuild…
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Cargotec bids farewell to MacGregor in a $507M deal, casts net toward future
Cargotec bids farewell to MacGregor in a $507M deal, casts net toward future Helsinki-headquartered Cargotec Corporation has made the decision to let go of its MacGregor business […] The post Cargotec bids farewell to MacGregor in a $507M deal, casts net toward future appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz
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Green light from Ofgem for 2 GW subsea electricity superhighway
Green light from Ofgem for 2 GW subsea electricity superhighway UK energy market regulator Ofgem has greenlit the Eastern Green Link 1 (EGL1) electricity superhighway […] The post Green light from Ofgem for 2 GW subsea electricity superhighway appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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NCT Offshore, Poseidon Cables to install inter-array links at Taiwanese offshore wind project
NCT Offshore, Poseidon Cables to install inter-array links at Taiwanese offshore wind project Poseidon Cables, a UK-based company specialised in subsea cable installation, termination and testing, has […] The post NCT Offshore, Poseidon Cables to install inter-array links at Taiwanese offshore wind project appeared first on Offshore Energy. Adrijana Buljan Go to offshore energy biz
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New alliance looking into hydrogen pipeline connecting Indonesia and Singapore
New alliance looking into hydrogen pipeline connecting Indonesia and Singapore Sembcorp Industries has signed a joint development framework agreement (JDFA) with PT PLN EPI and PT TGI to establish a potential hydrogen transportation pipeline connecting Sumatra, the Riau Islands in Indonesia and Singapore. The post New alliance looking into hydrogen pipeline connecting Indonesia and Singapore…
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Norwegian and Greek firms team up on joint CO2 corridor project between Norway and the Netherlands
Norwegian and Greek firms team up on joint CO2 corridor project between Norway and the Netherlands Norwegian clean energy company Horisont Energi and ECOLOG, a Greek mid-stream carbon capture, utilization […] The post Norwegian and Greek firms team up on joint CO2 corridor project between Norway and the Netherlands appeared first on Offshore Energy. Sara…
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Arbitration win against Gazprom enables OMV to take €230M plus interest and costs home
Arbitration win against Gazprom enables OMV to take €230M plus interest and costs home OMV has managed to get the upper hand in the arbitration case against Gazprom Export, a subsidiary of Russia’s gas giant Gazprom, over the latter’s alleged irregular gas supplies to Germany. The post Arbitration win against Gazprom enables OMV to take…
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Mærsk Mc-Kinney Møller Center, RMI launch new platform to drive sustainable shipping
Mærsk Mc-Kinney Møller Center, RMI launch new platform to drive sustainable shipping The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) and RMI (formerly Rocky Mountain Institute) have launched Katalist, a not-for-profit ‘book and claim’ registry designed to accelerate the shipping industry’s decarbonization journey. The post Mærsk Mc-Kinney Møller Center, RMI launch new platform…
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DeepOcean’s inaugural USV taking shape at Spanish shipyard (Photos)
DeepOcean’s inaugural USV taking shape at Spanish shipyard (Photos) An advanced unmanned surface vessel (USV) being built in Spain for DeepOcean and its […] The post DeepOcean’s inaugural USV taking shape at Spanish shipyard (Photos) appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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Canada’s proposed oil & gas emissions cap: Boost in production, jobs, and economy or across-the-board cuts?
Canada’s proposed oil & gas emissions cap: Boost in production, jobs, and economy or across-the-board cuts? Canada has come up with draft regulations to set a greenhouse gas (GHG) pollution cap for the oil and gas industry. The government claims the latest regulatory tool in the raft of measures that are part of its wider…
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McDermott picks up ‘largest’ decom job in its history
McDermott picks up ‘largest’ decom job in its history McDermott has lined up its next multimillion-dollar decommissioning assignment off the coast of Australia, which is said to represent the firm’s largest secured project of this kind. The post McDermott picks up ‘largest’ decom job in its history appeared first on Offshore Energy. Melisa Čavčić Go…
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French energy company to work on e-methanol project on Haropa Port site
French energy company to work on e-methanol project on Haropa Port site As part of the ‘West A29’ call for projects, French renewable energy company Qair has been awarded a parcel on the Haropa Port site, in Le Havre, to develop its e-methanol production project Methavert. The post French energy company to work on e-methanol…
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Cheniere’s LNG emissions footprint lower than thought, report shows
Cheniere’s LNG emissions footprint lower than thought, report shows U.S. liquefied natural gas (LNG) exporter Cheniere Energy has published an updated life cycle assessment (LCA) study for the intensity of greenhouse gas (GHG) emissions produced by its exported natural gas according to which their levels are lower than formerly assumed. The post Cheniere’s LNG emissions…