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Offshore Energy News

 

First of a Kind Offshore Renewable Energy Hybrid Project Unveiled in China

Nov 03, 2023

The world's first offshore renewable energy project, combining floating wind power and deep-sea aquaculture, has been completed in China, Shanghai Electric Wind Power Group has informed.The project is developed by Longyuan Power Group, together…

World Bank Sees Lower 2024 Oil Price, but Middle East War Could Cause Spike

Oct 31, 2023

The World Bank said on Monday it expected global oil prices to average $90 a barrel in the fourth quarter and fall to an average of $81 in 2024 as slowing growth eases demand, but warned that an escalation of the latest Middle East conflict could spike prices significantly higher…

Fugro Boosts Offshore Wind Service Capabilities in Taiwan with New Geotechnical Lab

Oct 17, 2023

Offshore survey services and geo-data specialist Fugro on Tuesday announced the opening of its new geotechnical testing laboratory in Kaohsiung, Taiwan. Fugro said the new lab would bolster the company's capability to deliver advanced geotechnical testing for the offshore wind market…

Connecting the Dots: From Remote Operations to Full Autonomy

Oct 11, 2023

Realizing the full value of digital solutions far exceeds the capability of technology. The technology exists today to help offshore energy and maritime operators radically improve efficiency and cut costs in equal measure. The real trick to…

New Product: Balmoral Seamless Bend Stiffener Connector

Aug 31, 2023

Balmoral has introduced a number of subsea solutions over the past few years, including Balmoral HexDefence and Balmoral FibreFlex, scour and cable protection systems respectively for the offshore wind sector. The latest product solution to be brought to market is a bend stiffener connector…

Egypt Finds New Oil Discovery in Gulf of Suez

Aug 22, 2023

Egypt's petroleum ministry on Tuesday announced a new oil discovery in the Geisum and Tawila West Concession in the Gulf of Suez.The new discovery was made by Egypt's Cheiron through exploration well GNN-11, currently producing more than 2,500 barrels a day…

Saudi Arabia and Kuwait Assert Joint Ownership of Offshore Gas Field. Urge Iran to Engage in Talks

Aug 03, 2023

Saudi Arabia and Kuwait reaffirmed that they jointly own rights to natural resources in the Gulf's Durra gas field, Saudi state news agency SPA reported early on Thursday, citing a statement from the Saudi foreign ministry.The foreign ministry…

McDermott Bags Major Subsea Pipeline, Cable Order in Qatar

Jul 12, 2023

Offshore installation firm McDermott has secured a major subsea pipelines and cables engineering, procurement, construction, and installation (EPCI) project from Qatargas.The award is related to the North Field Production Sustainability (NFPS) Offshore Fuel Gas Pipeline and Subsea Cables Project…

Siemens Energy Shares Tumble 31% as Wind Turbine Troubles Exposed

Jun 23, 2023

Siemens Energy saw $6.3 billion wiped off its market capitalization on Friday after warning that the impact of quality problems at its Siemens Gamesa wind turbine business would be felt for years.The group scrapped its 2023 profit outlook late…

Inside the “Hot Demand” for Subsea Construction Vessels

Jun 19, 2023

A rising tide lifts all boats, as the saying goes, and while the offshore industry is currently experiencing a wide-ranging surge, there are vessel types and specific market segments that are expected to benefit more than others.One such segment is the offshore construction vessel (OCV) types…

API 19CI Qualified Retrievable Injection Valve Installed on NCS

Jun 16, 2023

TCO, a supplier in advanced downhole chemical injection systems, announced the development and installation of the API 19CI Qualified FNR (Fall through protection, Non-return, Retrievable) injection valve.The installation, for a major Norwegian Operator…

CGG's Sercel Sells 6000 Seabed Nodes to Sinopec

Jun 06, 2023

French seismic data firm CGG said Tuesday that its subsidiary Sercel had made a major sale of its GPR300 seabed nodal solution to Sinopec, the Chinese oil and gas exploration, refining, and distribution company. Over 6,000 nodes will be deployed…

Floating Solar Market Set to Surpass 6 GW by 2031, Says Wood Mackenzie

May 25, 2023

The global floating solar market is expected to pass the six-gigawatt (GW) threshold by 2031, as PV developers struggle to meet growing solar demand and look to alternate development technologies, energy intelligence firm Wood Mackenzie said in a report Wednesday…

ADNOC L&S, SeaOwl Designing Unmanned Supply Vessels for Offshore Operations

May 11, 2023

ADNOC L&S, the shipping and maritime logistics arm of the Abu Dhabi-based oil firm ADNOC, has signed an agreement with SeaOwl for the design of unmanned remotely operated vessels capable of transporting vehicles, equipment, and supplies to and from offshore sites…

UTC 2023: Securing Global Energy

Apr 13, 2023

Global subsea energy leaders will convene in Bergen, Norway at the Underwater Technology Conference (UTC) in mid-June to meet, greet and exchange ideas on the crucial underwater technology topics. Stig Instanes, TechnipFMC and Rune Vesterkjær…

Current News

China’s CNOOC Hits ‘High Yield’ Well in in Beibu Gulf

China’s CNOOC Hits ‘High Yield’ Well in in Beibu Gulf

South Korea's KOMIPO Cancels Plans for LNG Import Terminal

South Korea's KOMIPO Cancels Plans for LNG Import Terminal

ExxonMobil to Transfer Operations of Two Malaysian PSC Assets to Petronas

ExxonMobil to Transfer Operations of Two Malaysian PSC Assets to Petronas

Chinese Wind Turbine-makers Move into Europe as Trade Tensions Flare

Chinese Wind Turbine-makers Move into Europe as Trade Tensions Flare

ExxonMobil Selling Malaysia Oil and Gas Assets to Petronas

ExxonMobil Selling Malaysia Oil and Gas Assets to Petronas

FPSO Bacalhau Becomes World’s First Newbuild with DNV Emissions Abatement Notation

FPSO Bacalhau Becomes World’s First Newbuild with DNV Emissions Abatement Notation

South Korea's SK Innovation Agrees Merger with SK E&S as Part of Overhaul

South Korea's SK Innovation Agrees Merger with SK E&S as Part of Overhaul

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