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French energy major TotalEnergies has approved the final investment decision for the Fenix gas development, located 60 km off the coast of Tierra del Fuego in southern Argentina. This development is said to be the world’s southernmost gas project. Through its Total Austral affiliate, TotalEnergies operates the project with a 37.5 per cent interest, in... Continue Reading →
(Reuters) - Argentine oil pipeline operator Oleoductos del Valle (Oldelval) will invest $750 million to double its transport capacity from the Vaca Muerta shale formation, the country's energy ministry announced Friday, hoping to boost exports and dollar reserves. Oldelval aims to boost capacity to 72,000 per day from 36,000 cubic meters in two years, the... Continue Reading →
(Reuters) - Oil prices have tumbled by around a quarter in the past three months, largely due to fears of a prolonged slump in global energy demand. But no major forecaster is actually predicting one. Two of the most closely followed predictors of global oil demand, the Organization of the Petroleum Exporting Countries (OPEC) and... Continue Reading →
Germany-based EUROPIPE has received an order from the North American TC Energy (TCE) to supply the pipe for the Southeast Gateway Pipeline project in the Gulf of Mexico. TCE is building the $4.5 billion offshore gas pipeline in partnership with the Mexican state-owned power utility Comisión Federal de Electricidad (CFE) to secure the power supply... Continue Reading →
(Reuters) - U.S. climate envoy John Kerry cautioned against investing in long-term gas projects in Africa as countries in the region, some hoping to tap recent oil and gas discoveries, wrestle with how to power their development with clean energy. "We are not saying no gas," Kerry told Reuters on the sidelines of an African... Continue Reading →
Offshore energy companies in Brazil have come together for a joint industry research and technology development project focused on addressing technologies to reduce carbon emissions. The project named i-Concept JIP Phase 2 focuses on the development of applied computational modules to generate and rank offshore conceptual systems, addressing technologies to reduce carbon emissions and creating... Continue Reading →
(OE) Prysmian Group has won two contracts worth more than €800 million, including options, with Amprion Offshore – a subsidiary of German transmission system operator Amprion - for the design, supply, installation, and commissioning of land and submarine cables for two offshore wind farm grid connection systems in Germany’s North Sea, DolWin4 & BorWin4. The DolWin4... Continue Reading →
(Reuters) - The Biden administration on Thursday unveiled a plan to accelerate development of next-generation floating offshore wind farms by slashing the cost of the technology by 70% and setting a goal for it to power 5 million U.S. homes by 2035. The announcement was the latest in the White House's push to bolster the... Continue Reading →
(OM) The American Petroleum Institute (API) and Offshore Operators Committee (OOC) have signed a memorandum of understanding (MOU) to develop standards and guidance for offshore wind energy development. “The natural gas and oil industry has decades of offshore operating experience under highly technical and complex conditions,” said API Senior Vice President of Global Industry Services... Continue Reading →
(WO) The offshore wind industry is projected to produce 228 GW by 2030, enough to power over 68 million homes. These projects will be at greater water depths and with larger wind turbine generators. Therefore, there is a demand for innovative solutions to deliver these projects. Earlier this year, Heerema Marine Contractors introduced a novel... Continue Reading →
