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China's CNOOC Ltd more than doubled its first-half profit helped by higher oil and gas prices, the offshore oil and gas producer reported on Thursday. Interim net income rose 116% to 71.89 billion yuan ($10.50 billion) while revenue rose 75.6% to 176.7 billion. Oil prices have soared this year, with prices coming close to $147... Continue Reading →
Belgium-based offshore installation company DEME Offshore and Norway-based offshore services firm Havfram have signed a memorandum of understanding to jointly offer construction services to the offshore wind farm sector in Norway. "Both DEME Offshore and Havfram plan to play an important role in the upcoming Norwegian offshore wind market by delivering transport and installation services... Continue Reading →
(Reuters) - Exports of Mexico's newest crude are ramping up under Italy's Eni (ENI.MI) as U.S. refiners find it an apt replacement for banned Russian oil and one that complements domestic grades. The shipments, which started in April according to Refinitiv Eikon data, represent the first crude exports made by an oil company other than state firm... Continue Reading →
(Valor) The president of Shell Brasil, Cristiano Pinto da Costa, said today that the company is taking “great strides” to enter the renewable energy market. According to the executive, the company filed requests for environmental licensing for 17 gigawatts (GW) in offshore wind farms at the Brazilian Institute for the Environment and Renewable Natural Resources... Continue Reading →
Correll Group has secured a contract with Seaway Offshore Cables for the termination and testing of cables for the Changfang & Xidao (CFXD) offshore wind farms in Taiwan. The contract covers 58 inter-array and seven offshore export subsea cables for CFXD. “We are delighted to have been awarded this project and to be again working... Continue Reading →
Guyana's president Irfaan Ali on Monday visited ExxonMobil's Liza Unity FPSO - Guyana's second FPSO in production - where he praised the Guyanese crew aboard. According to Guyana's Department of Public information, he told the Guyanese crew on board the Liza Unity that they are among the “trailblazers” responsible for setting the mark in the oil and gas... Continue Reading →
Dutch maritime equipment and technology firm Royal IHC has won a contract from its compatriot Boskalis for the delivery of an advanced modular cable lay spread (MCLS) for offshore wind applications. The cable lay system will be used for the installation of inter-array power cables and its cable protection system (CPS) in offshore wind farms.... Continue Reading →
Oslo-listed oil and gas E&P company BW Energy has revealed that a former jack-up rig, which was converted to an offshore production unit, is on its way to Gabon where it will be installed at the firm’s offshore development project, which is on track for the first oil at the start of next year in line... Continue Reading →
(Reuters) TotalEnergies and partner SSE Renewables on Tuesday announced the first power generation from their Seagreen wind farm off the coast of Angus in Scotland. The $4.3 billion Seagreen project will be Scotland's largest offshore wind farm and the world's deepest fixed-bottom wind farm, said French company TotalEnergies, which is trying to move more into... Continue Reading →
Dutch company Huisman, a provider of design and manufacture of heavy construction equipment, has developed a harsh environment semi-submersible drilling rig design, which can be powered with onshore-produced hydroelectricity but also with floating wind turbines. Announcing the new design on Monday, Huisman explained that it was developed with an aim of making the extraction of... Continue Reading →
