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(OE) Aberdeen-based offshore rig inspection company ADC Energy has said it has won a contract with an unnamed U.S.-based LNG company to help it identify and select offshore drilling rigs suitable for conversion for LNG operations. According to ADC Energy, the company has begun conducting audits to identify suitable drilling rigs as part of this... Continue Reading →
Classification society and energy industry consultancy DNV has published a new Technical Note (TN) providing principles for determining site extreme wind speeds for wind farms caused by tropical cyclones. The company produced the document after an extensive industry collaboration to increase transparency and to reduce uncertainty in the design of wind farms in emerging offshore... Continue Reading →
The construction of the world’s largest floating wind farm Kincardine, in the UK, is now complete, marking the start of the long-term Power Purchase Agreement (PPA) signed in 2018 between Kincardine Offshore Windfarm Ltd. (KOWL’s) joint venture and Statkraft. The floating wind farm features Principle Power-developed Windfloat semi-submersible foundations on which five MHI Vestas V164-9.5... Continue Reading →
Three companies are working on a project to convert existing jack-up drilling rigs into offshore green hydrogen production units in the North Sea. Offshore engineering firm Aquaterra Energy, renewable hydrogen producer Lhyfe and offshore drilling contractor Borr Drilling have partnered up in the project called Project Haldane. The project envisions the development of an industrial-scale... Continue Reading →
(Reuters) - Deep in the Oman desert lies one of BP's more lucrative projects, a mass of steel pipes and cooling towers that showcases the British energy giant's pioneering natural gas extraction technology. The facility earned BP Plc (BP.L) more than $650 million in profits in 2019, according to financial filings reviewed by Reuters. Yet the oil... Continue Reading →
Shearwater GeoServices has won a six-month contract extension with seismic data firm CGG on its Nebula survey offshore Brazil and is nearing completion of work for CGG on its North Viking Graben survey. Shearwater has previously conducted work for the extensive Nebula survey in the Campos and Santos basins and the announced extension will run to the... Continue Reading →
TGS has started a new 2D seismic survey in the Mauritania-Senegal-Gambia-Bissau-Conakry (MSGBC) Basin offshore Mauritania. The survey adds to the North-West Africa Atlantic Margin (NWAAM) 2D campaign, the seismic company said. The NWAAM 2021 survey will comprise 7,500 kilometers of seismic data, with a modern broadband acquisition setup. The vessel BGP Pioneer will undertake the survey that... Continue Reading →
(Reuters) - Chevron Corp (CVX.N) said on Tuesday it has tripled its low-carbon investment to $10 billion through 2028, as global oil companies rush to shift away from the fossil fuel due to the mounting pressure from investors and environmentalists. "With the anticipated strong cash generation of our base business, we expect to grow our dividend, buy... Continue Reading →
(Reuters) - Oilfield service firms Schlumberger (SLB.N) and Baker Hughes (BKR.N) are counting on newer energy transition businesses like carbon capture and hydrogen fuel for growth, and expect these clean energy units to rival some of their more traditional units by the next decade, executives said on Wednesday. Schlumberger estimates that global investments for industries moving away from fossil... Continue Reading →
BW Offshore, an Oslo-listed firm best know for its FPSO leasing business in the oil and gas sector, said Wednesday it had, together with U.S. renewable energy and utility company Invenergy, submitted bids to develop up to 5.4 gigawatts of offshore wind as part of the first offshore wind ScotWind leasing round in Scotland, UK. "Together, we... Continue Reading →
