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(OE) Offshore drilling firm Stena Drilling has secured a drilling contract with China's CNOOC for its drillship Stena IceMax in Gabon. The contract is with CNOOC's subsidiary CNOOC Africa Holding Ltd (CNOOC). According to Stena Drilling, the two well program, is scheduled for Q1 2023. Stena said that the drilling program off the coast of... 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 →
(Reuters) - Colombia's new government must drop taxes on oil exports from a proposed tax reform and scrap plans to stop energy companies from offsetting taxes with royalty payments, in favor of surcharges based on production, the private oil producers association said on Thursday. Colombia's new leftist President Gustavo Petro has proposed a tax reform... 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 →
(EV) It could soon cost half a million dollars a day to hire an offshore rig, according to executives in the industry, in a stunning turnaround for day rates since Covid. Rig rates have surged from a point of “only just covering operating costs” two years ago. At that time, the UK North Sea had... 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 →
(Reuters) - TotalEnergies (TTEF.PA) 11B/12B offshore gas field could make a direct annual contribution of at least 8 billion rand ($457 million) to South African government finances, the country's petroleum regulator said on Thursday. "That is not just the overall GDP contribution but is the direct fiscal contribution from the royalties as well as the primary taxes,"... Continue Reading →
Brazil Energy Insight 