A Vineyard Wind turbine damaged in July 2024 was struck by lightning, raising more concerns as Biden’s offshore wind push faces setbacks. The same Vineyard Wind offshore wind turbine that malfunctioned and polluted the ocean […]
The latest ship accused of damaging cables off Taiwan had a simple way of changing identity. Taiwan’s coast guard detained a cargo ship and its Chinese crew a week ago. The vessel is suspected of […]
The global offshore wind industry is poised for a rebound in 2025, with capacity additions expected to reach 19GW and sector-wide expenditure projected to hit $80bn, a new Rystad Energy report suggests. This recovery follows […]
China Merchants has bought a 70% stake in Vast Infraestrutura, Brazil’s only privately run VLCC terminal, located in the port of Açu in a deal worth up to $714m. China Merchants bought its stake in […]
A Venezuelan military ship was spotted in Guyana’s waters on Saturday morning sailing close to ExxonMobil’s producing FPSO claiming that the units were operating in “a disputed area”. In a national address, Guyana president Irfaan […]
Petrobras is beefing up its offshore game, throwing four more support vessels into the mix by 2026—bringing the grand total to 48. Brazil’s state-run oil company is gearing up to boost production to 2 million […]
Golar currently operates the 2.4 mtpa Hilli, which works offshore Cameroon, and the 2.7 mtpa Hilli, which works offshore Mauritania and Senegal. Last year, Golar signed an EPC agreement with China’s CIMC Raffles to convert its 148,000-cbm […]
Australian oil and gas player Karoon Energy has bought the Cidade de Itajaí FPSO for $115m from Altera & Ocyan, the joint venture formed by the Brazilian company Ocyan and Altera Infrastructure. The FPSO was […]
UK-based energy giant BP has announced it will cut its renewable energy investments and instead increase its investment in oil and gas production. The company buckled under pressure from investors who were unhappy over the […]
US supermajor ExxonMobil has announced a nearly $200m investment in the Kipper 1B Project, bringing online much-needed additional gas supply from the Gippsland Basin. The project, approved by ExxonMobil subsidiary Esso Australia and its co-venturers […]
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