Scottish INTOG Innovation Projects Clear First Stage with Crown Estate Scotland

(OW) All five innovation projects selected in Scotland’s INTOG (Innovation and Targeted Oil & Gas) leasing round have now signed exclusivity agreements with Crown Estate Scotland, which allows the developers to start offshore wind development work while Marine Scotland’s planning process for the INTOG Sectoral Marine Plan (INTOG SMP) is completed. The INTOG leasing round has three... Continue Reading →

Equinor puts Norwegian Trollvind offshore wind farm on hold

 (Reuters) - Equinor (EQNR.OL) will postpone indefinitely its planned Trollvind floating offshore wind farm project in Norway, the Norwegian energy company said on Monday. "This decision is based on several challenges facing the project, including technology availability, rising cost and a strained timetable to deliver on the original concept," Equinor said in a statement. Equinor initially mooted... Continue Reading →

Petrobras on Bahia Terra Production

Petróleo Brasileiro S.A. – Petrobras, in continuity with the announcements of 03/31/2023, 03/14/2023, 04/13/2023, 05/02/2023, 05/05/2023 and 05/11/2023 informs that it obtained authorization from the National Agency of Petroleum, Natural Gas and Biofuels ("ANP") to resume production from eight more facilities of the Bahia Terra Pole (Itariri River Collector Station, Jandaia Collection Station, Fazenda Imbé... Continue Reading →

Aker Solutions to Provide Dynamic and Static Subsea Umbilicals for ExxonMobil’s Uaru Project

Norwegian offshore engineering and construction firm Aker Solutions said Friday it had won a sizeable contract from ExxonMobil to provide dynamic and static subsea umbilical for the Uaru project in Guyana.  Aker Solutions defines a sizeable contract as between NOK 0.5 billion (currently around $45,9 million) and NOK 1.5 billion (currently around $137,7 million). The... Continue Reading →

Shell plans sale of French floating wind power unit Eolfi

(EV) Shell (LON: SHEL) is seeking to sell French floating wind developer Eolfi, a potential retreat from one element of its renewable power plans as new Chief Executive Officer Wael Sawan pushes to deliver greater value to shareholders. The oil major is exploring the sale just a few years after it acquired Eolfi, according to people familiar with the matter, who asked... Continue Reading →

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