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Petronas, the oil and gas company owned by Malaysia, plans to expand its operations adding another Floating Liquefied Natural Gas (FLNG) facility project to its operations. Contacts have been awarded for what the company is calling the first nearshore FLNG in the world as well as the third floating LNG plant to be constructed for… Read More
Neptune Energy has signed a Memorandum of Understanding with Ørsted and Goal7 to explore powering new integrated energy hubs in the UK North Sea with offshore wind-generated electricity. Integrated energy hubs have the potential to combine multiple energy systems, including existing oil and gas production assets, carbon storage and hydrogen production facilities. They could extend… Read More
The Bureau of Ocean Energy Management (BOEM) has revealed that Cook Inlet Oil and Gas Lease Sale 258, which was held on December 30, generated one bid for one tract. The bid, in the amount of $63,983, was submitted by Hilcorp Alaska LLC, BOEM noted. Following the sale, the bid will go through a 90-day… Read More
Installation of enormous floating wind turbines needed to turn West Coast ocean gales into clean electricity remains years off, but results of a federal lease auction this month off California promised to kickstart a work boom on the state’s northern and central coasts. The farming of wind power from American waters will be crucial in… Read More
These eight vessels form the expansion program of Edda Wind with all vessels being delivered from now until 2025 This Christmas Edda Wind received a special gift from Gondan Shipbuilders as another Commissioning Service Operation vessel (CSOV) C491 was launched at the yard Christmas eve. The newbuild is a purpose-built CSOV of similar design as… Read More
Equinor and Polenergia have selected Hitachi Energy to deliver electrical systems infrastructure for the MFW Bałtyk II and MFW Bałtyk III offshore wind projects in Poland. MFW Bałtyk II and MFW Bałtyk III, located in the Baltic Sea approximately 27 km and 40 km from the port of Łeba, are two of the largest and… Read More
The Bureau of Ocean Energy Management (BOEM) held Cook Inlet Oil and Gas Lease Sale 258 on December 30, 2022, as directed by the Inflation Reduction Act of 2022. The sale generated one bid for one tract. The bid, in the amount of $63,983, was submitted by Hilcorp Alaska LLC. The Cook Inlet lease sale terms include… Read More
Massachusetts regulators are moving forward with two offshore wind projects despite the appeals from the project developers which said that inflation and supply chain issues made the wind farms uneconomical to proceed under their current agreements. The Massachusetts Department of Public Utilities however said it believes the projects can proceed and sided with the power… Read More
An effort to map changing surf clam habitat off the East Coast is among four new research projects to be funded in 2023 with $235,000 from the non-profit Science Center for Marine Fisheries (SCEMFIS). SCEMFIS approved the funding at annual fall meeting, doling out an overall $109,000 increase in funding from the $126,000 the center approved for… Read More
Skudeneshavn, Norway, headquartered Solstad Offshore ASA (Solstad, OSE: SOFF) has received Letters of Award from various undisclosed subsea contractors for hire of the CSV Normand Maximus for execution of projects during 2023. The projects have a combined duration of minimum 200 days plus additional option periods, and the value of the firm portion is approx. NOK 500… Read More
Japan’s Mitsubishi Heavy Industries, Ltd. (MHI) has fully transferred the new shipbuilding area of the Koyagi Plant at Nagasaki Shipyard & Machinery Works to compatriot Oshima Shipbuilding, according to Offshore Energy. The transfer of dock and quay facilities was completed on December 27 in line with the agreement signed in March 2021. Mitsubishi agreed to… Read More
A week after Japan’s first large offshore wind farm went into commercial service, the government confirmed that it has opened the next round of auctions for the development of the industry. The next auction is proceeding under revised parameters designed to open the industry to more companies and provide for broader participation in the development… Read More
Neptune Energy, an independent energy company with operations across the UK and Europe as well as elsewhere around the globe, is partnering with Ørsted and Goal7 to explore powering new integrated energy hubs in the UK North Sea with offshore wind-generated electricity. It is the latest step in a growing trend seeking to use renewable… Read More
Finland is joining the growing list of countries around the world pushing forward with a program to develop offshore wind energy power generation. While other countries in Scandinavia and the Baltic region have already been moving forward with offshore wind energy, Finland has lagged with only three projects identified and none yet in service or… Read More
Aquadrill (the former Seadrill Partners) has a fleet that includes four drillships Offshore drilling contractors Seadrill Limited (NYSE & OSE: SDRL) and Aquadrill LLC have entered into a definitive merger agreement that will see Seadrill acquire Aquadrill in an all-stock transaction. On completion of the transaction Seadrill shareholders and Aquadrill unitholders will own 62% and 38%, respectively,… Read More