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HomeOffshore

Offshore

Subsea 7
Exploration and Production

Subsea 7 wins work in US Gulf of Mexico

August 16, 2024 Mariel Alumit

Oslo-listed Subsea 7 has won a sizeable EPC and offshore installation contract in the US Gulf of Mexico from an undisclosed client. The scope of work includes engineering, procurement, construction, and offshore installation of a […]

Natural Gas
Exploration and Production

Supply Risks Support Natural Gas Prices in the Near Term

August 15, 2024 Mariel Alumit

Planned maintenance in Norway, Europe’s top gas supplier, could increase gas and LNG prices this summer. Geopolitical tensions in the Middle East and Ukraine raise concerns about gas supply disruptions, further impacting prices. New LNG […]

Electrical Generation / Utilities

When will the world hit Peak Oil?

August 15, 2024 Andy Del Prado

Daily Standup Top Stories When will the world hit peak oil? Elon Musk’s Grok 2.0 is becoming a useful tool, and funny. Stu Turley First, I want to let you know that I am very […]

Drilling Technology
Crude Oil News

Breakthrough Drilling Technology Could Unlock 5 Billion Barrels of Oil

August 14, 2024 Mariel Alumit

Recent developments in ultra-high-pressure drilling technology like the one U.S. supermajor Chevron uses at its new Gulf of Mexico project could unlock more than 5 billion barrels of known but previously inaccessible oil deposits globally, […]

power
Electrical Generation / Utilities

UK’s biggest undersea power link gets green light

August 14, 2024 Mariel Alumit

Ofgem has today given its final approval for the costs associated with the Eastern Green Link 2 (EGL2) project, paving the way for construction to start on a 525kV, 2GW subsea connection between Peterhead in […]

wind
International News

Poland launches $5.4bn loan scheme for offshore wind funding

August 14, 2024 Mariel Alumit

The Polish development bank has revealed that the country would launch a nearly €5bn ($5.46bn) programme to provide loans for the construction of offshore wind farms in the Baltic Sea. Bank Gospodarstwa Krajowego (BGK) said […]

Vineyard Wind
Offshore

Vineyard Wind allowed to continue with towers and nacelle installation

August 14, 2024 Mariel Alumit

Vineyard Wind, a joint venture between Iberdrola’s US arm Avangrid and Copenhagen Infrastructure Partners, and GE Vernova has received approval from the Bureau of Safety and Environmental Enforcement (BSEE) to resume the installation of towers […]

Deep Sea Mining
Critical Minerals

Deep Sea Mining Threatens Newly Discovered Dark Oxygen

August 12, 2024 Mariel Alumit

Scientists have discovered a previously unknown source of oxygen production on the seafloor, challenging the assumption that photosynthesis is the primary source of oxygen. This “dark oxygen” is believed to be produced through a process […]

Oilfields
Big Oil Companies

The World’s 5 Most Largest Oilfields and Their Impact

August 12, 2024 Mariel Alumit

The Ghawar Field in Saudi Arabia is the largest oilfield in the world, with an estimated 170 billion barrels of original oil in place. The Burgan Field in Kuwait, the Ahvaz Field in Iran, the […]

Ocean City
Offshore

Ocean City set to sue authorities if they approve wind project offshore Maryland

August 8, 2024 Mariel Alumit

Ocean City, a resort town in the US state of Maryland, has stated that it would sue the Bureau of Ocean Energy Management (BOEM) if it gives a favourable record of decision to US Wind’s […]

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