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Marjolein Kelder from The Rich North Sea at OEEC 2023 panel session ‘Offshore energy: Business for the better’

Fossil Energy

OEEC first offshore energy event with dedicated nature enhancement content program, exhibition pavilion

The Netherlands is a pioneer in including nature enhancement stipulations in offshore (wind) energy tenders. The Dutch event for the international offshore energy and maritime industries, Offshore Energy Exhibition & Conference (OEEC), has also given nature enhancement a prime spot in this year’s ed

about 1 year ago

Fossil Energy

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BP okays Indonesian $7 billion project to unlock additional gas for Asia

A consortium led by the United Kingdom’s energy supermajor BP has reached a final investment decision (FID) on a project featuring enhanced gas recovery (EGR) through carbon capture, utilization, and storage (CCUS) in Indonesia.

about 1 year ago

Fossil Energy

$60 million in contracts to keep Solstad vessels at work for 900 days

Norwegian shipping company Solstad Offshore has secured multiple new contracts and contract extensions that have a combined value of around $60 million and represent around 900 vessel days. The construction support vessel (CSV) Normand Valiant has been awarded a one-and-a-half-year firm contract wit

about 1 year ago

FPSO Petrojarl Knarr is expected to work at Equinor's Rosebank field; Source: Altera Infrastructure

Fossil Energy

Development moves forward but pending court verdict could spell the end for UK’s giant oil & gas projects

As the climate crisis intensifies, so do legal challenges for hydrocarbon projects, especially in the United Kingdom (UK), where two North Sea operators and climate activists are locked in a court battle with the potential to put the fossil fuel industry out of commission.

about 1 year ago

Fossil Energy

North Sea oil & gas project named after Odin’s mother from Norse mythology gets the go-ahead

OKEA has received the Norwegian government’s blessing to move forward with its plan for the development and operation (PDO) of an oil and gas field in the North Sea off the coast of Norway, which will be tied back to an existing platform.

about 1 year ago

DeepOcean, Rem Offshore, Myklebust Shipyard land largest contracts in their histories thanks to Equinor

Fossil Energy

DeepOcean, Rem Offshore, Myklebust Shipyard land their largest contracts ever thanks to Equinor

Norwegian ocean services provider DeepOcean has secured what it says is its largest contract on record which includes the provision of subsea inspection, maintenance and repair (IMR) for compatriot state-owned energy company Equinor, keeping it busy for eight years, from 2027 to 2035. DeepOcean said

about 1 year ago

FPSO Abigail-Joseph; Source: Yinson Production

Fossil Energy

‘Largest ever Nordic bond’ enables Yinson Production to raise nearly $3 billion in 2024

On a mission to bankroll the upgrade of its FPSOs, Yinson Production has placed a $100 million tap issue, bringing the total amount of the corporate bond to $600 million.

about 1 year ago

Aberdeen-based firm to lead 'UK's first multi-asset decom scope'

Fossil Energy

THREE60 booked for six years to lead ‘UK’s first multi-asset decom scope’

Aberdeen-based energy services company THREE60 Energy has secured a six-year, multi-million-pound contract to lead what it says is the UK’s first multi-asset decommissioning scope. As part of a contract with a major North Sea operator awarded following a competitive tender process, THREE60 Energy sa

about 1 year ago

Borgland Dolphin drilling rig; Source: Dolphin Drilling

Fossil Energy

Dolphin Drilling getting over $20M for rig cancellation

Dolphin Drilling has struck a deal with a North Sea operator to receive a compensation fee for the early termination of a drilling campaign one of its semi-submersible rigs was hired to carry out on the UK Continental Shelf (UKCS).

about 1 year ago

Fossil Energy

UK’s offshore oil & gas decom bill to hit £24.6 billion by 2033

Offshore Energies UK (OEUK) has outlined in its new report that decommissioning work could account for 22% of the cumulative oil and gas spend over the next ten years.

about 1 year ago

Fossil Energy

Norwegian duo looking into floating power hubs for offshore platforms with CCS solution

Techouse and electricity provider Ocean-Power – have signed a memorandum of understanding (MoU) to explore the option of developing a floating gas power plant with CO2-capture capabilities to be deployed on the Norwegian Continental Shelf (NCS).

about 1 year ago

An aerial photo of the exhibition floor at Offshore Energy Exhibition & Conference 2023

Fossil Energy

One week to go: 400+ exhibitors from offshore energy industry to gather in Amsterdam

The following is a press release from Navingo BV, the owner of Offshore-Energy.biz and organizer of the annual Offshore Energy Exhibition & Conference (OEEC). More than 400 exhibitors and co-exhibitors booked their spots at OEEC 2024 Businesses and organizations from across the offshore energy secto

about 1 year ago

António Guterres, UN Secretary-General, delivers remarks at the opening of the World Leaders Climate Action Summit at COP29 in Baku, Azerbaijan; Credit: UNFCCC/Kiara Worth

Fossil Energy

COP29’s trillion-dollar net zero battle: Needs, wants, and reality of global energy scene run by oil & gas

Many proponents of taking a stronger stance on global climate action are hoping for a pivotal shift in the final text of the 29th Conference of the Parties (COP29), which will turn the tide once and for all in favor of renewables by unlocking trillions required to pay the net zero bill while pulling

16 minutes read

Transocean Barents rig; Source: OMV Petrom

Fossil Energy

WATCH: Transocean rig comes to Southeastern Europe for 540-day drilling gig on €4 billion gas project

Transocean is expected to kick off drilling activities in the Black Sea next year, after one of its semi-submersible rigs, which was hired for a gas project off the coast of Romania, arrived in Constanta.

about 1 year ago