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(Reuters) - Britain's first oil and gas exploration licensing round since 2019 attracted 115 bids, up from 104 in the last round, with the licences likely to be awarded from the second quarter, the North Sea Transition Authority (NSTA) said on Tuesday. Britain's government is looking to boost domestic hydrocarbon output as Europe weans itself... Continue Reading →
(Reuters) - The West's top energy firms are expected to rake in a combined record profit of $200 billion from a turbulent 2022 marked by huge volatility in oil and gas prices after Russia's invasion of Ukraine with buoyant earnings likely to roll through 2023. Flush with cash, BP (BP.L), Chevron (CVX.N), Exxon Mobil (XOM.N), Shell (SHEL.L) and TotalEnergies (TTEF.PA) also delivered... Continue Reading →
Norway's Statkraft and Denmark's Copenhagen Infrastructure Partners (CIP) have partnered up to develop up to 2.2 gigawatts of offshore wind in Ireland. This partnership will see CIP acquire a 50% stake in Statkraft’s offshore wind portfolio in Ireland. The financial terms of the deal have not been disclosed. The scope of the partnership includes the... Continue Reading →
The first turbines at Parkwind's Arcadis Ost 1 offshore wind farm in Germany have started electricity production. According to Parkwind, Arcadis Ost 1 has been delivering power to the German grid since January 12, 2023. The 257 MW offshore wind farm is located in the German section of the Baltic Sea, northeast of the island... Continue Reading →
(Reuters) Guyana's revenue from oil exports and royalties this year is expected to climb 31% to $1.63 billion, Finance Minister Ashni Singh said on Monday, on higher output from the addition of a third production facility near year-end. The South American nation also plans to inaugurate natural gas exports from its offshore fields, with at... Continue Reading →
(OE) Plenitude, a division of Eni, and Simply Blue Group, an Irish developer of offshore renewable energy, have signed a deal to work together on a pipeline of new floating offshore wind projects in Italy. "Through this collaboration, the parties wish to combine Plenitude’s technical and financial capabilities and experience in the Italian energy market,... Continue Reading →
Aker Solutions has secured a contract with French energy giant TotalEnergies for the delivery of the subsea production system, tools and related EPCI interfaces for the Lapa South West field construction offshore Brazil. The development concept located in the pre-salt Santos Basin is a subsea tie-back to the Cidade de Caraguatatuba FPSO, using existing facilities... Continue Reading →
(OET) Norwegian survey services provider Magseis Fairfield has delisted its shares from the Oslo Stock Exchange (Oslo Børs) following the acquisition by TGS. The process with TGS started when the company announced a voluntary offer for all shares in Magseis Fairfield (ticker: MSEIS) on 29 June 2022. When this offer expired in October, TGS received accepts for... Continue Reading →
(OET) Dutch offshore services provider Boskalis has won a contract with an undisclosed client to construct a large wind farm offshore the USA. Under the contract, Boskalis will transport and install the wind turbine foundations and power cables for which two crane vessels, and several transport and cable-laying vessels will be deployed, the company said. The Dutch... Continue Reading →
Greg Lennon, Contributor (OE) It will take a team effort that spans sectors and even industries to meet the United States’ goal of 30 GW of offshore wind by 2030, writes Greg Lennon, ABS Vice President, Global Offshore Wind. As the United States offshore wind (OSW) industry considers the Biden-Harris Administration’s 30 gigawatts (GW) by 2030... Continue Reading →
