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(Reuters) Malaysia's state energy firm Petroliam Nasional Berhad, or Petronas, on Wednesday posted a near doubling of its third quarter profit and warned of continuing volatility in oil and gas prices. The company reported a profit of 30.8 billion ringgit in the July-September period, compared with a profit of 16.3 billion ringgit in the same... Continue Reading →
(OE) Marine engineering consultancy, BAR Technologies (BAR), said Wednesday that its low-emission crew transfer vessel (CTV) design, the BARTech 30, will be available for the first U.S. offshore wind projects in 2024, following quotes at several U.S. shipyards. BAR said Wednesday it was meeting with the U.S. offshore wind vessel supply chain at a workboat... Continue Reading →
(OET) In the aftermath of COP27, which took place against the backdrop of the first true global energy crisis, many argued that little progress was made on the phasing out of fossil fuels. This was justified by the need to strengthen energy security, protect consumers at the pump, and avoid a global recession. In light... Continue Reading →
(U) Australian independent Karoon Energy is on the acquisition trail as it looks to add more oil assets in Brazil, where it is already producing from the Bauna field, and potentially further afield in the Americas. “We are continuing to explore potential acquisition and farm-in opportunities,” confirmed Karoon chairman Bruce Phillips. Most of the assets... Continue Reading →
(OWB) The first nacelle for a 16 MW offshore wind turbine jointly developed by China Three Gorges Corporation and Goldwind Technology has rolled off the production line at Fujian Three Gorges Offshore Wind Power International Industrial Park in China. According to China Three Gorges, the unit has the largest single capacity, the largest rotor diameter,... Continue Reading →
(Reuters) France's first commercial-scale offshore wind farm started operating on Wednesday, adding 480 megawatts of capacity to the grid at a time when Europe is scrambling to secure energy supplies following Russia's invasion of Ukraine. The Saint-Nazaire wind farm, situated off the coast of Brittany in northwestern France, consists of 80 turbines and will provide... Continue Reading →
Dutch metal construction company HSM Offshore has won a contract to build the first electrified ONE-Dyas N05-A gas production platform in the North Sea which will run entirely on offshore wind power. The N05-A project is part of the so-called GEMS area, an area approximately 20 to 80 kilometres north of the Ems estuary. ONE-Dyas,... Continue Reading →
(OET) Crown Estate Scotland has closed the window for applications under its Innovation and Targeted Oil and Gas (INTOG) leasing round, dedicated to offshore wind projects that will directly reduce emissions from oil and gas production and to small scale innovation projects, including alternative outputs such as hydrogen. A two-week registration window for INTOG opened... Continue Reading →
(OE) Oil and gas exploration is likely to continue to have an important role in the decades to come, a view reinforced by the 2022 energy crisis and growing energy security needs, according to energy intelligence group Westwood. In the offshore drilling space, Westwood says that the year 2022 has seen a continued increase in... Continue Reading →
(Reuters) - Commonwealth Wind said late Monday it will move forward with a submitted but not yet approved power purchase agreement with Massachusetts electric companies and its 1,232-megawatt offshore wind project. Commonwealth made its announcement after the Massachusetts Department of Public Utilities (DPU) denied in early November Commonwealth's motion to suspend its agreement. That motion... Continue Reading →
