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Low-Carbon Transition

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FPSO Almirante Tamandaré; Source: Petrobras
Low-Carbon Transition

$111 billion investment on Petrobras’ five-year agenda

Petrobras has unveiled its new business plan for the 2025-2029 period (BP 2025-29) and strategic plan 2050 (SP 2050), outlining its focus and priorities to reinforce its long-term vision.

about 1 year ago
Fast4Ward design; Source: SBM Offshore
Low-Carbon Transition

SBM Offshore bankrolling construction of Guyana-bound FPSO with $1.5 billion loan

SBM Offshore has secured $1.5 billion with a consortium of 16 international financial institutions to cover the construction costs for a floating production, storage, and offloading (FPSO) vessel destined to be deployed on a deepwater oil development on the Stabroek block off the coast of Guyana, wh

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about 1 year ago
Marjolein Kelder from The Rich North Sea at OEEC 2023 panel session ‘Offshore energy: Business for the better’
Low-Carbon Transition

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

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
FPSO Abigail-Joseph; Source: Yinson Production
Low-Carbon Transition

‘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
Illustration; Credit: OEUK
Low-Carbon Transition

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
Illustration of a floating power hub
Low-Carbon Transition

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
Illustration; Source: TotalEnergies
Low-Carbon Transition

TotalEnergies ups methane detection ante and signs up another firm to its drone-based tech

TotalEnergies has set its cap on deploying real-time methane emissions detection equipment on all operated upstream assets as part of its efforts to curtail the methane footprint from its operations.

about 1 year ago
An aerial photo of the exhibition floor at Offshore Energy Exhibition & Conference 2023
Low-Carbon Transition

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
Low-Carbon Transition

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
Low-Carbon Transition

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
Large-scale LNG plant within Sakhalin II project; Source: Gazprom
Low-Carbon Transition

Russian gas and LNG play ‘major’ part in global energy security, Gazprom says

Russia’s giant Gazprom has highlighted the contributions its gas is making to oil the wheels of global energy security while discussing the size of the hand its gas and liquefied natural gas (LNG) supplies have in the worldwide energy mix.

about 1 year ago
Illustration; Source: TotalEnergies
Low-Carbon Transition

TotalEnergies, Shell, BP, and Equinor to assist in tackling energy access woes with $500M pledge

Four energy giants – France’s TotalEnergies, Norway’s Equinor, and the UK-headquartered Shell and BP – have confirmed their plans to pool resources to help support access to energy with a $500 million joint investment commitment.

about 1 year ago
FPSO One Guyana; Source: SBM Offshore
Low-Carbon Transition

SBM Offshore’s FPSO trio nearing finish line for first oil next year as ExxonMobil sets its cap on buying another Guyanese unit

SBM Offshore is putting the finishing touches in place to make three of its floating production, storage, and offloading (FPSO) vessels ready to start their assignments next year. Two of these will be deployed at oil fields offshore Brazil while one is destined for ExxonMobil’s project off the coast

about 1 year ago