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HomeOffshore

Offshore

UK
Big Oil Companies

UK to miss out on $487 billion generated from offshore oil and gas market without stable energy policy

March 27, 2024 Mariel Alumit

(WO) – Without stable energy policy and a globally competitive tax regime, the UK will miss out on the lion’s share of the benefits from a domestic offshore energy market that could grow to £450 […]

Fishing
Climate Crisis

Fishing industry reels over Biden’s destructive wind farm plan: It’s ‘coming at us from every direction’

March 27, 2024 Mariel Alumit

Time is running out for fishermen and women in the Northeast who fear their industry is being put at risk by the Biden administration’s renewable energy agenda. “Ground fishermen, lobstermen, whatever you are, you’re under […]

VAALCO
Exploration and Production

VAALCO Energy finalizes development plan for Venus-Block P discovery offshore Equatorial Guinea

March 26, 2024 Mariel Alumit

(WO) – VAALCO Energy, Inc. announced that all partners have signed the final documents and the Government of Equatorial Guinea has approved the Joint Operating agreement (“JOA”) related to the Venus-Block P Plan of Development […]

floating wind project
International News

Italian floating wind project presses ahead

March 25, 2024 Mariel Alumit

Principle Power Italy has granted the first environmental impact assessment (EIA) approval for a floating offshore wind project to a consortium including Eni-led renewables venture GreenIT and Danish fund manager Copenhagen Infrastructure Partners (CIP). The […]

Velesto Energy
Crude Oil News

Velesto Energy gets contract extension for three jackup rigs

March 25, 2024 Mariel Alumit

Offshore drilling unit of Malaysia’s Velesto Energy has secured a two-year contract extension with Petronas Carigali for three of its jackup drilling rigs. The company said in a filing that, inclusive of its current drilling […]

Electrical Generation / Utilities

Britain to import energy from US under plan for transatlantic power cable

March 21, 2024 Stu Turley

ENB Pub Note: This article is excellent reporting from the Telegraph. That being said, the project is extremely silly and impractical. The first reason is why anyone would want to enter into a long-term contract […]

offshore platform
Crude Oil News

Fire breaks out at offshore platform leaving five dead and one missing

March 21, 2024 Mariel Alumit

Perenco Oil and Gas Gabon, a subsidiary of the Anglo-French oil and gas player Perenco, has reported a fire incident, which took place at its offshore platform located off the coast of Gabon. Based on initial […]

CNOOC
Crude Oil News

CNOOC oilfield discovery to help hike offshore output

March 20, 2024 Mariel Alumit

China National Offshore Oil Corp’s announcement of a major oilfield discovery in the Bohai Sea is expected to add over 100 million metric tons of oil equivalent, and further develop offshore oil and gas resources […]

Study
Carbon Capture

Study finds ports are not ready to handle onboard captured carbon dioxide

March 20, 2024 Mariel Alumit

EnvironmentPorts and Logistics MHI A recent study commissioned by the Global Centre for Maritime Decarbonisation (GCMD), in collaboration with Lloyd’s Register and Arup, has identified low port readiness as a major hurdle bottlenecking the adoption […]

Japan
Downstream

Eight dead in chemical tanker capsize incident off Japan

March 20, 2024 Mariel Alumit

Asahi Shimbun (You Tube) At least eight crew members were killed after a South Korean-flagged chemical tanker anchored off the coast of Japan capsized. The 11-strong crew of the 1996-built tanker Keoyoung Sun requested assistance […]

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