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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
PALATKA, Fla., July 21, 2022 /PRNewswire/ — St. Johns Ship Building hosted a keel laying ceremony for the first Incat Crowther 30 Crew Transport Vessel (CTV) built in compliance with Jones Act regulations in the United States. St. Johns Ship Building was recently acquired by Americraft Marine Group, a maritime subsidiary of the U.S.-headquartered privately-owned business… Read More
Today, Ørsted has entered into an agreement with Ostwind, a German developer, owner, and operator of onshore wind and solar PV projects in Germany and France, to acquire a 100 % equity interest in OSTWIND Erneuerbare Energien GmbH, OSTWINDpark Rotmainquelle GmbH & Co. KG, OSTWIND International S.A.S., and OSTWIND Engineering S.A.S. from OSTWIND AG, a… Read More
Last month some 50 south Louisianans gathered in this small, New England port town, preparing for a breezy day trip through the Atlantic waters. The mood was light and there was an air of excitement — with some jokes about the “chilly” 70-degree weather compared to the triple digits back home as they ferried toward the… Read More
Eastern Shipbuilding Group Inc. (ESG), Panama City, Fla., hosted the keel authentication ceremony for the U.S. Coast Guard’s future Offshore Patrol Cutter (OPC), USCGC Ingham (WMSM-917) on July 15. The vessel is the third in the new Heritage Class being built at Eastern’s Nelson Street shipyard. The keel authentication, also known as keel laying, represents the ceremonial start… Read More