Latest News - page 83


Oil Spills from Jadestone's Montara Venture FPSO Offshore Australia. Output Shut

Jun 24, 2022

Oil spilled last week at Jadestone's Montara field offshore Australia, during crude oil transfer between two crude oil tanks onboard the Montara Venture FPSO, forcing the company to shut down production from the offshore fied.'During the transfer…

Japan to Resume Offshore Wind Auctions by Year-end After Revising Rules

Jun 23, 2022

Japan's government plans to resume public auctions for offshore wind power projects by the end of this year, after revising rules to draw a wider range of bidders and encourage faster development of new infrastructure.The resumption follows…

Philippines, China Terminate Talks on Joint Offshore Oil and Gas Exploration

Jun 23, 2022

The Philippines' outgoing foreign minister said on Thursday that talks over joint energy exploration between his country and China in the South China Sea had been terminated, citing constitutional constraints and issues of sovereignty.The two…

BlueFloat Energy and Energy Estate to Build 1.15GW Offshore Wind Farm in Australia

Jun 23, 2022

BlueFloat Energy and Energy Estate partnership on Thursday announced its latest offshore wind development in Australia – the 1.155 GW Southern Winds offshore wind project.Southern Winds will use bottom-fixed technology and will be located 10…

CMIC, KenzFigee Target Chinese Offshore Wind Market

Jun 22, 2022

CMIC Ocean En-Tech Holdings Co Ltd and Dutch supplier of on- & offshore lifting solutions KenzFigee have signed a strategic cooperation agreement targeting the offshore wind market in China with the offering of gangways and installation cranes…

Green Group Asks Court to Stop Woodside's Scarborough Offshore Gas Project

Jun 22, 2022

The Australian Conservation Foundation said it has asked the Federal Court to stop Woodside Energy Group from working on the $5.7 billion [for the offshore component only] Scarborough gas project until an assessment is made about its potential impact on the Great Barrier Reef…

Demand for FSRUs Soars as Europe Works to Cut Reliance on Russian Gas

Jun 21, 2022

Following Russia's invasion of Ukraine, European countries have escalated efforts to wean themselves off Russian gas. FSRUs increasingly are in demand to fill the gap.Following Russia's invasion of Ukraine, European countries have escalated efforts to wean themselves off Russian gas…

Digitalization: Leveraging Digital Innovation in Offshore Energy

Jun 20, 2022

There is an increasing expectation that oil and gas firms can demonstrate their value and efficiency through more data-centric processes, managing costs and reacting more quickly to changing market conditions. While the sector has typically been slow to adopt digital innovations…

Taiwan Ship Design, Shipbuilding Bolstered by High Tien Offshore Newbuild Plan

Jun 20, 2022

High Tien Offshore, a Taiwanese company that specializes in offshore wind marine engineering services, announced its collaboration with Ship and Ocean Industries R&D Center (SOIC) and Jong Shyn Shipbuilding (JSS) to build offshore vessels.“In…

Oil Trade; Asia Imports more Seaborne Russian oil than Europe

Jun 20, 2022

Almost four months after Russia’s invasion of Ukraine, Russian crude oil, Urals, has seen a switch in flow from its traditional market of Europe to Asia. Since the start of the war, based on the average of March to May 2022, Indian imports of…

Shelf Drilling to Buy Aban Offshore's Jack-up Rig for $30M

Jun 18, 2022

Jack-up drilling rig specialist Shelf Drilling has agreed to buy the Deep Driller 7 jack-up drilling rig from the Indian offshore drilling company Aban Offshore. Shelf Drilling will pay $30 million for the 2008-built jack-up drilling unit. The rig is of Baker Marine Pacific Class 375 design…

Deepwater Drilling: Venus Puts Southern Africa in the Spotlight

Jun 17, 2022

Shell's and TotalEnergies' Graff and Venus deepwater discoveries off Namibia have put southern Africa under the exploration spotlight. With deepwater offering high productivity reserves, it's a spotlight that's likely to linger for a few years yet…

Maersk Drilling Drillship Wins Shell's Floater Rig of the Year Award

Jun 17, 2022

Oil major Shell has named Maersk Drilling's Maersk Viking drillship its 2021 Global Rig of the Year in the Floater Category, in recognition of the drillship’s performance during its time in Brunei Darussalam.'Maersk Viking commenced a two-well…

Thailand Plans Measures to Cope with Oil Prices

Jun 16, 2022

Thailand's economic teams on Thursday agreed to extend support measures to reduce some living costs for another three months, and sought cooperation from refineries to help the country's oil fund amid rising prices, a government spokesperson said…

Ban on Russian Commodity Exports to Accelerate LNG Growth, Energy Transition - Wood Mackenzie report

Jun 16, 2022

War in Ukraine is transforming the outlook for the supply, demand and price of hydrocarbons and the pace and cost of the energy transition. While the precise timing and implementation of future bans on Russian commodity imports are difficult to predict…

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