Search results for: IEA

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• All energy roads lead to decarbonization with gas as a linchpin of low-carbon transformation

  

  3 October 2023

  Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition

  Despite the growing opposition to fossil fuels, natural gas, primarily LNG, is still the top contender for the transition fuel, which will bridge the gap towards the sought-after low-carbon and green energy future.

• World’s first offshore hydrogen pilot returning from sea trials with all objectives ticked off the list

  

  24 November 2023

  Business Developments & Projects, Research & Development

  Sealhyfe, an offshore hydrogen production pilot launched in 2022 by French company Lhyfe, has completed sea trials and achieved all objectives set at the time of its launch. Following this, the pilot platform will now return to the Quai des Frégates in Saint-Nazaire. Lhyfe launched the world’s first offshore hydrogen production pilot on September 23, […]

• Protesters against Black Sea gas project dub new drilling operations ‘the last thing the world needs’

  

  28 March 2024

  Environment, Exploration & Production, Project & Tenders, Safety, Transition, Vision

  Greenpeace activists have held a rally in Bucharest against “the largest natural gas project in the Romanian part of the Black Sea”.

• Reliance on gas imports rising due to UK’s energy policy with ‘high North Sea taxes and disincentives’

  

  20 November 2023

  Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Regulation & Policy, Rules & Regulation

  Is the UK’s government’s energy policy is holding back the UK economy, as energy cost differences hit Britain’s businesses and consumers?

• Red Sea crisis: Missile attacks prompt Maersk subsidiary to halt transits, as emissions surge due to rerouting

  

  25 January 2024

  Authorities & Government, Business Developments & Projects, Environment, Green Marine, Regulation & Policy, Rules & Regulation, Safety, Vessels

  Two U.S.-flagged containerships, Maersk Detroit and Maersk Chesapeake, operated by Maersk Line, Limited, a U.S. subsidiary of A.P. Moller-Maersk, were targeted by anti-ship missiles while transiting the Bab el-Mandeb on January 24, 2024. The attacks were confirmed by Maersk saying that the two vessels were part of ‘a scheduled U.S. Navy accompaniment for a northbound transit […]

• Shipping’s EU ETS costs could nearly triple due to Red Sea crisis, OceanScore says

  

  12 March 2024

  Infrastructure, Market Outlooks, Outlook & Strategy, Vessels

  The Red Sea shipping crisis could result in nearly tripled costs for shipping companies in 2024 due to significantly higher exposure to the EU Emission Trading System (EU ETS).

• Türkiye holds LNG supply talks with ExxonMobil while setting the stage to search for oil in Black Sea

  

  29 April 2024

  Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Regulation & Policy, Transition

  Türkiye is going all out to wean itself from its dependence on foreign natural gas, as demonstrated by the ongoing LNG negotiations with ExxonMobil.

• Maersk’s security team fires back on Houthi in Red Sea, thwarts boarding, prompting another operational pause

  

  31 December 2023

  Business Developments & Projects, Green Marine, Regulation & Policy, Safety, Vessels

  Just days after announcing its gradual return to the Red Sea, global cargo shipping giant Maersk finds itself at the center of escalating tensions as its vessel, the Maersk Hangzhou, becomes the target of a missile and small boat swarm by Yemen’s Houthi Group. The assault occurred approximately 55 nautical miles southwest of Al Hodeidah, […]

• After Shelf Drilling rig hits gas in North Sea, production start-up on the cards by year-end

  

  6 November 2023

  Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

  Equinor has made a new gas discovery in the North Sea, using one of Shelf Drilling’s jack-up rigs.

• North Sea platform electrification ‘key’ to unlock emission cuts from oil & gas production, says NSTA

  

  21 February 2024

  Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Regulation & Policy, Transition

  The NSTA has held a workshop on platform electrification with 11 major operators on the UK Continental Shelf and ten technology suppliers.

• With stakes in North Sea oil & gas fields, Longboat JAPEX adds first producing assets to its portfolio

  

  1 February 2024

  Business & Finance, Business Developments & Projects, Exploration & Production

  Longboat JAPEX Norge has brought an acquisition to an end, enabling it to get its hands on its initial producing assets offshore Norway. 

• N-Sea picks UK firm to provide ‘world’s first DNV-approved’ cable repair equipment

  

  28 November 2023

  Business & Finance, Business Developments & Projects, Equipment, Innovation, Project & Tenders

  N-Sea has handed out a contract to Osbit for the delivery of a suite of equipment to enable the repair and lay of offshore cables.

• Multi-million legal threat brews on UK horizon, as Shell sues Greenpeace for boarding North Sea-bound FPSO

  

  10 November 2023

  Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Project & Tenders, Regulation & Policy, Rules & Regulation, Vessels

  Shell is in the process of bringing forth one of the biggest legal challenges Greenpeace has ever faced

• World’s largest interconnector begins operating

  

  3 January 2024

  Business & Finance, Business Developments & Projects, Infrastructure, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition, Vision

  The Viking Link electricity interconnector between the UK and Denmark has commenced operations, now transporting power between the two countries. Deemed the world’s longest land and subsea interconnector, the £1.7 billion Viking Link started commercial operations on December 29, 2023.  The link has a capacity of 1.4 GW and stretches for 475 miles under land and sea […]

• ‘Herculean effort’ needed to unleash CCUS at scale, but repurposing North Sea oil & gas infrastructure offers a boon for Europe

  

  23 November 2023

  Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Market Outlooks, Project & Tenders, Transition

  Xodus has unveiled a new whitepaper, which was produced in partnership with Subsea7 and designed as a tool for assessing the relative cost efficiency of carbon capture, utilization, and storage (CCUS) projects and the timeline for their viability.

• Hit-and-miss in North Sea: Aker BP finds more black gold in one well but bites the dust in another

  

  22 January 2024

  Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production

  Aker BP and Equinor have found more oil in one well drilled in the North Sea, using Odfjell Drilling’s semi-submersible rig.

• Energinet seeks metocean measurement teams for Danish offshore wind areas

  

  24 November 2023

  Business Developments & Projects, Operations & Maintenance, Research & Development

  The Danish Energy Agency has tasked Energinet with undertaking site conditions assessments for the development of five future offshore wind farm areas within the Danish EEZ, namely North Sea I, Hesselø South, Kriegers Flak II North, Kriegers Flak II South, and Kattegat. The metocean conditions assessment will result in a report for each area, which […]

• Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’

  

  15 September 2023

  Business & Finance, Business Developments & Projects, Market Outlooks, Outlook & Strategy, Project & Tenders, Transition

  OPEC, a permanent intergovernmental organisation of 13 oil-exporting developing nations that coordinates and unifies the petroleum policies of its members, is convinced that the recent assertions about the fossil fuels – coal, oil, and gas – demand peaking before 2030 are not supported by “consistent and data-based forecasts.”

• Shell joins BP and numerous shipping giants in putting all Red Sea shipments on ice as vessel attacks escalate

  

  17 January 2024

  Business & Finance, Business Developments & Projects, Safety, Vessels

  Shell is the latest firm in a long line of companies, which decided to steer clear of the Red Sea shipping route in response to rising Houthi vessel attacks.

• Interview: With new oil & gas horizons calling, will the North Sea hold sway over its existing rig fleet?

  

  16 February 2024

  Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Transition

  This interview sheds more light on whether there will be a greater rig exodus from the North Sea market and a mass pivot toward other destinations.

• Red Sea attacks on liner majors’ vessels highlight crucial link between world peace and just energy transition

  

  15 December 2023

  Authorities & Government, Business Developments & Projects, Green Marine, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition, Vessels

  This is a free premium article to give you a sample of what Offshore Energy has to offer as part of our premium section. The global efforts to achieve decarbonization targets bolstered by nearly 200 countries that vowed to phase out fossil fuels at the COP28 climate summit in Dubai earlier this week in an […]

• Fight for ‘better’ work-life balance: Offshore drillers set their cap on three-month strike at North Sea platform

  

  19 January 2024

  Business & Finance, Business Developments & Projects, Exploration & Production, Human Capital

  Around 100 offshore workers employed by Odfjell Technology have decided to embark on strike action to secure improvements to working rotas.

• Shell goes on rig selection quest with site survey work in full swing ahead of drilling ops in North Sea

  

  5 December 2023

  Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

  Shell is engaged in a rig selection and contracting process for a two-well drilling campaign in 2024 while site survey works associated with this exploration program in the North Sea are still ongoing.

• BP brings on stream first oil & gas tie-back to its UK North Sea hub in 20 years

  

  6 November 2023

  Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

  BP has started production from a field in UK waters, which was developed by Neptune Energy and connected to the oil major’s 25-year-old Eastern Trough Area Project (ETAP) hub, reusing some existing subsea infrastructure.

• WATCH: Global Energy Group delivers Subsea7 fabrication scope for Aker BP’s North Sea field 

  

  28 March 2024

  Business Developments & Projects, Equipment, Operations & Maintenance, Project & Tenders, Research & Development, Technology

  Global Energy Group (GEG) has finished the fabrication process of two towheads, complete with equipment interface support frames and buoyancy tank interface frame from the Port of Nigg, on behalf of Subsea7 for the Aker BP-operated Valhall PWP-Fenris field in the North Sea off Norway. The 66 ton towheads, each measuring 15 meters in length […]