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(OED) Offshore wind developer Vattenfall said Thursday it had hit the halfway mark with the installation of wind turbines at the Hollandse Kust Zuid (HKZ) wind farm offshore the Netherlands. “We're halfway towards having constructed the world’s first offshore wind farm built without subsidies, a major milestone we can all be very proud of,” says Søren... Continue Reading →
The U.S. Bureau of Ocean Energy Management (BOEM) on Wednesday announced eight draft Wind Energy Areas (WEAs) offshore the U.S. central Atlantic coast for public review and comment. The draft offshore wind areas cover approximately 1.7 million acres offshore North Carolina, Virginia, Maryland, and Delaware The areas' closest points range from about 19 to 77 nautical... Continue Reading →
(Reuters) - Under pressure to increase production, Mexico's state oil company Pemex has risked fines for violations that cause environmental damage rather than delay output to fix the underlying issues, according to two senior company sources. The decision by Pemex to opt for fines instead of repairs represents a major blow to the oil regulator's... Continue Reading →
(OE) Over the last few years, many statements have been made concerning growth in offshore wind turbine and foundation installation demand. These statements have been followed, in some cases, by firm orders for high-specification vessels, mainly from established players. However, many of the announcements remain unconverted into shipyard orders. According to a new report released... Continue Reading →
(Reuters) - U.S. company New Fortress Energy (NFE.O) expects to sign an agreement next week with the Mexican government for the development of a liquefied natural gas (LNG) project associated with Mexico's Lakach offshore gas field, a company executive said on Wednesday. A $1.79 billion project by state company Petroleos Mexicanos to develop the once-abandoned Lakach deepwater... Continue Reading →
(OET) Offshore drilling contractor Valaris has revealed that one of its rigs has completed its task in the U.S. Gulf of Mexico (GOM) with Murphy Oil, a Houston-based oil and gas company. As a result, the rig moved to Mexico to embark on drilling assignments, which were secured earlier this year. Back in January... 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 →
(OET) London-headquartered oil and gas company Tullow Oil is planning to drill four new wells at a field located offshore Ghana, which are expected to be brought on stream in 2023. Tullow Oil announced it is planning to drill two new production wells at Jubilee South East before the end of the year, and a... 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 →
Trinidad and Tobago's Cabinet will make a decision soon on bids submitted for four deepwater exploration blocks that are key to expanding its natural gas production, Energy Minister Stuart Young said. The Caribbean country earlier this year offered 17 blocks off the northern and eastern coasts in a competitive auction that attracted only four bids... Continue Reading →
Brazil Energy Insight 