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ExxonMobil has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block. The discoveries at Seabob and Kiru-Kiru are the sixth and seventh in Guyana this year, with the total number of discoveries in Guyana at more than 25. Seabob and Kiru-Kiru wells in Stabroek block… Read More
Gov. Gavin Newsom is pushing California to move faster to reach its climate goals, setting ambitious new targets for renewable energy, clean buildings, carbon removal and clean fuels in the transportation sector. In a letter to the chair of the California Air Resources Board (CARB), Governor Newsom called for the state to ensure that the 2022… Read More
The first large offshore wind farms in the United States are unearthing unexploded munitions from World War II, representing a potentially growing challenge for both developers and U.S. policymakers as the emerging industry anchors off America’s coasts. While surveying the seafloor in the waters of Rhode Island’s Narragansett Bay in recent weeks, the Danish firm… Read More
Edison Chouest Offshore (ECO) affiliate Alpha Marine Services LLC, Cut Off, La., has been awarded a $12,656,010 firm-fixed-price option (P00005) with reimbursable elements contract for the long-term charter of one U.S.-flagged Jones Act offshore supply vessel, M/V Gary Chouest, to support Navy fleet requirements for towing, diving and salvage operations, submarine rescue, and training exercises. The… Read More
Louisiana could receive an additional $1.9 billion in revenue from Gulf of Mexico oil and gas and a separate share of revenue from Gulf wind energy operations under federal legislation expected to be considered Thursday. The U.S. Senate’s Energy and Natural Resource Committee on Thursday will consider the the bipartisan Reinvesting In Shoreline Economies and Ecosystems Act,… Read More
Abu Dhabi National Oil Company (ADNOC) announced today a second discovery of natural gas resources in the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession, operated by Eni. The discovery from a new deeper reservoir indicates between 1 – 1.5 trillion standard cubic feet (TSCF) of raw gas in place. This significant… Read More
Abu Dhabi National Oil Company (ADNOC) today announced the award of two substantial contracts totaling $2 billion (AED 7.49 billion) to ADNOC Drilling for the Hail and Ghasha Development Project. The contracts comprise $1.3 billion (AED 4.89 billion) for integrated drilling services and fluids, and $711 million (AED 2.6 billion) for the provision of four… Read More
President Joe Biden announced a new program on Wednesday that would develop offshore wind power in the Gulf of Mexico to address climate change. The Department of the Interior proposed two Wind Energy Areas and one sits off the Galveston coast. The area covers 546,645 acres, which could produce enough energy to power 2.3 million… Read More
Schiedam, Netherlands, headquartered Huisman Equipment BV has developed a 700 tonne traveling quayside crane for the load-out of offshore wind turbine components. It says that the move comes following rising demand for large, 2,600 tonne and 4,000 tonne Skyhook cranes for the load-out of foundation pieces and the installation of floating turbines. Huisman says that with this… Read More
A major milestone was achieved at Parkwind’s Arcadis Ost 1 offshore wind farm over the weekend when DEME Offshore installed its final XXL monopile in the Baltic Sea, off the coast of Rügen. This was the first project executed by DEME’s new floating installation vessel ‘Orion’, which installed the foundations using its DP3 system. Every element… Read More
Offshore oil and gas and renewables supplier Royal IHC has reported a £42.4m operating loss in its latest set of accounts, which the firm says reflect a “disappointing” year. The company was forced to downsize with the loss of 79 jobs as well as more contingent workers as turnover plummeted from £123m to £49.1m in… Read More
The U.S. Department of the Interior has taken a step forward in identifying wind lease areas in the U.S. Gulf of Mexico, expanding its efforts beyond the Atlantic and Pacific seaboards. The Gulf outer continental shelf could benefit from many natural advantages for the offshore wind industry: a skilled workforce for fabricating, installing and servicing… Read More
GE’s wind turbine division plans to diversify its sourcing of a strategic ingredient by signing a supply deal with an Australian mining company, Arafura Resources. Arafura is developing a new project in central Australia to extract NdPr, a mixture of two rare-earth metals which is widely used to make the powerful magnets in wind turbine… Read More
Offshore sector consultancy Westwood Global Energy predicts that there will be good times to come for offshore oil and gas development over the next five years. 2022 is looking like a great year for offshore development, though inflation and supply-chain impacts have tempered expectations somewhat. Offshore EPC contracting activity tripled year-on-year in the first half… Read More
Dutch floater specialist SBM Offshore has completed a $1.75bn project financing of One Guyana floating production storage and offloading (FPSO) vessel set for ExxonMobil’s Yellowtail development located in the Stabroek block offshore Guyana. The project financing was secured by a consortium of 15 international banks and SBM Offshore said it expects to draw the loan in full,… Read More