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Offshore Energy News

 

Exxon Banks Record $56B Profit in '22

Jan 31, 2023

Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own annual records on high prices and soaring demand, pushing their combined take to near $200 billion. The scale has renewed criticism…

NYK's First Domestic CTV Named "Rera As"

Mar 20, 2023

Last week  at the Wind Expo Spring 2023 in Tokyo, NYK announced the name of a crew transfer vessel (CTV) for the Ishikari Bay New Port offshore wind farm, for which NYK has a multi-year time charter contract with Siemens Gamesa.At the naming presentation with James Tham…

Vietnam, Sembcorp in Subsea Power Cable, Offshore Wind Collab

Feb 10, 2023

Vietnam is in talks with Singapore's Sembcorp to build a submarine power transmission line between the two countries, the Vietnamese government said on Friday. The announcement was made after a meeting between Prime Minister Pham Minh Chinh…

Offshore Wind: Floating Wind is the Future

Jan 31, 2023

$3 billion forecast to be invested in new anchor handlers to meet floating wind demand.Floating wind is an emerging technology. Currently being tested in small scale demonstration and pilot projects, global floating wind commissioned capacity at the end of 2022 was less than 200 MW…

Tidal Energy Firm Minesto Tapped for Site Development Services in Asia

Jan 13, 2023

Tidal energy technology company Minesto said Friday it had received its first historic sales order for site development services,.The order includes Minesto's Dragon Class tidal energy powerplants and comes from an unnamed 'major corporation in the  Asian offshore energy sector…

Proserv Secures SMS as Sampling Representative in Malaysia

Dec 08, 2022

Controls technology company Proserv said it has signed an agreement with Aberdeen-based sand and erosion monitoring, analytics and management experts SMS. The deal sees SMS become the exclusive agent and representative for Proserv’s sampling activities across Malaysia…

Rovco, HOM Partner Up for Offshore Wind Work in Japan

Nov 09, 2022

UK-based subsea robotic services firm Rovco, has signed an agreement with Japan's Horizon Ocean Management (HOM) for through-life subsea asset integrity and balance of plant survey solutions for the Japanese offshore wind market.HOM is a subsidiary…

Mooring & Anchors: InterMoor Wins Floating Wind Gig in Asia

Oct 20, 2022

InterMoor said Thursday it had secured the engineering design scope and the transportation and installation study for two upcoming offshore floating wind farms offshore Asia. The company, a brand in Acteon’s Engineering, Moorings and Foundations Division…

Tanjung Offshore Services Wins Two-Year Subsea Inspection Contract with Petronas Carigali

Sep 13, 2022

Malaysian energy industry solutions provider T7 Global said recently that its subsidiary Tanjung Offshore Services had received a two-year contract from Petronas Carigali for subsea inspection services.The contract, effective until August 2024…

Emergency Response Plans: Strohm's TCP Flowlines for Woodside's Scarborough Offshore Gas Field

Aug 09, 2022

Strohm, the developer of Thermoplastic Composite Pipes (TCP) for offshore energy applications, has won a contract to manufacture and deliver two TCP flowlines for Australia-based Woodside Energy's giant Scarborough offshore gas project. The…

International Breakthrough: Reach Subsea's OCTIO Nets 4D Geophysical Monitoring Work in Australia

Aug 08, 2022

Reach Subsea's subsidiary OCTIO has won a multi-year geophysical monitoring frame contract with an undisclosed operator offshore Australia.OCTIO will deploy its gWatch service to deliver gravimetry and seabed subsidence measurements.'This is…

Tekmar Nets Offshore Wind Gig in Japan

Jul 08, 2022

Tekmar Group has secured a contract to provide an integrated engineering solution, including Cable Protection Systems ('CPS') and Cable Hang-Off Clamps, for an offshore wind farm project in Japan. The contract is expected to be delivered in 2023…

Portugal's EDP to Scale Up Offshore Solar Plants in Southeast Asia

Jul 01, 2022

Portugal's main utility EDP will scale up its offshore floating solar farms in Southeast Asia, hoping to get a big slice of 16 gigawatt of photovoltaic power the region is expected to install over rivers and seas by 2030.EDP Chief Executive…

Watch the Webinar: How oil & energy firms can gain a competitive advantage by embracing the digital future

Jun 27, 2022

Data, innovation and digital:  How oil & energy firms can gain a competitive advantage by embracing the digital future Recorded on: Jun 29, 2022 11:00 AM Eastern Time (US and Canada)   Watch the Webinar Watch the Webinar There…

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…

Current News

Japan's JERA to Buy Belgium's Top Offshore Wind Firm for $1.7B

Japan's JERA to Buy Belgium's Top Offshore Wind Firm for $1.7B

Valeura Energy Completes Modification of MT Jaka Tarub Vessel for Wassana Offshore Oil Field

Valeura Energy Completes Modification of MT Jaka Tarub Vessel for Wassana Offshore Oil Field

NYK's First Domestic CTV Named "Rera As"

NYK's First Domestic CTV Named "Rera As"

Chevron Suspends Production at Thai Oil Field after Fatal Accident

Chevron Suspends Production at Thai Oil Field after Fatal Accident

Malaysia: Petra Energy Wins Work for Accommodation Workboat

Malaysia: Petra Energy Wins Work for Accommodation Workboat

Australia: ConocoPhillips Becomes Operator of VIC/P79 Offshore Block. Drilling to Start in 2024/2025

Australia: ConocoPhillips Becomes Operator of VIC/P79 Offshore Block. Drilling to Start in 2024/2025

Thailand Rushes to Avert Spill After Fatal Accident on Oil Storage Ship

Thailand Rushes to Avert Spill After Fatal Accident on Oil Storage Ship
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