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Ocean Winds, a 50-50 joint venture in 2020 by EDP Renewables and ENGIE, has entered into a key agreement with Siemens Gamesa for the supply of 14 MW wind turbines…
As the country strives to produce two million bpd, projects of this nature will support new investments by providing a direct route from offshore fields to market.” However, with the terminal, the company stands to reduce the reliance on costly offshore floating stations, reducing overall operational costs by 40%.
Federal offshore oil, by contrast, hasn’t kept pace. Tcf in 2020. Meanwhile, federal offshore gas production continues to fade, slumping to just 0.8 The state has quietly become the epicenter of the federal onshore oil boom, combining geological riches with favorable permitting conditions and existing infrastructure.
The French oil major sent a letter earlier this week along with a so-called notice to proceed with site preparation to companies including Portuguese builder Mota-Engil SGPS SA, which won a $365 million contract with Belgian construction firm Besix Group SA in 2020 to build marine facilities for the project, according to one of the people.
Woodside will assume operatorship of the offshore Bass Strait production assets, the Longford gas plant, the Long Island Point gas liquids processing plant, and associated pipeline infrastructure, the company said in a release July 29. 30, 2020 General Interest BHP confirms planned Bass Strait exit Aug.
BP’s retreat from the wind business follows a splashy entrance to offshore wind in 2020 under Auchincloss’ predecessor Bernard Looney. bp spun off its global offshore wind portfolio late last year. The assets have a combined gross generating capacity of 1.7 gigawatts, bp said.
2 Total 2020 emissions are based on the EU Emissions Trading System (ETS) 2020, considering only industry emissions. Since 2020, EU ETS allowance prices have increased from â¬25/ton CO 2 to approximately â¬60 to â¬80/ton today. Transport type: Offshore pipeline transport costs are typically 1.3
Image by Ole Arnesen via iStock The Norwegian Offshore Directorate said ConocoPhillips Skandinavia AS, operator of production license 891, had confirmed the Slagugle oil discovery. The Directorate reported that the Slagugle oil discovery, proven in 2020, holds an estimated 4.9 million barrels of oil equivalent.
SHARES UNDERPERFORM BP’s stock has underperformed its peers since 2020 when its pivot to renewable energy left it lagging behind when global and gas prices surged. Finally, BP is still paying for the 2010 Macondo disaster, when a blowout at an offshore platform in the Gulf of Mexico caused one of the world’s worst oil spills.
The Slagugle oil discovery was initially proven in 2020, with preliminary estimates suggesting resources in the range of 30.8 - 61.6 Please upgrade your browser to improve your experience. million bbl of oil equivalent in Triassic reservoir rocks. Already a member?
listen and act.” The post Homegrown energy is the turning point the UK needs, OEUK Chief Executive to tell industry conference appeared first on Offshore Energies UK (OEUK). listen to our sector.
Iberdrola noted that through its offshore wind farms Wikinger, Baltic Eagle, and Windanker, Iberdrola has become the predominant operator of offshore wind energy in the German Baltic Sea. This new solar park expands the company’s commitment in Germany to include onshore renewable energy, it said.
oil and gas drilling sector continues its downward trend as the Baker Hughes rig count fell for the ninth consecutive week , marking the longest streak of declines since mid-2020. June 30, 2025 The U.S. For the week ending June 28, 2025, the total active rig count dropped by 7 to 547 — a 6% decline year-over-year.
Based on Bureau of Land Management data for fiscal years 2020 through 2023, activity in New Mexico accounted for the majority of drilling permits approved and well bores started on onshore federal lands. By comparison, crude oil production in offshore federal lands has increased at a slower rate but at 1.8 trillion ft 3 in 2020 to 4.2
Prior to joining Wood in 2020, Darren held senior roles at Worley and Amec Foster Wheeler, where he successfully delivered major projects including the EPC of a 2,200-tonne topsides compression module for the Britannia long-term compression project, and the Buzzard Phase II project alliance – delivering a 600-tonne module for topsides EPC scope.
Natural Gas $3.63 -0.14% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS PTAS Aker Solutions Secures Contract Extension with Brunei Shell Petroleum by Paul Anderson | Rigzone Staff | Tuesday, June 10, 2025 | 2:28 AM EST The contract involves maintenance and upgrades to sustain production levels across offshore assets in the South China Sea.
Relations between the two countries have been strained since 2019, when the Tripoli government signed a controversial maritime border agreement with regional ally Turkey, shifting the borders of their continental shelves to connect their offshore waters at the expense of Greek and Egyptian claims ( MEES, 22 May 2020 ).
and plans to begin commercial production of magnets used in most electric vehicle motors, offshore wind wind turbines, and the future market for humanoid robots, according to Morgan Stanley. Steve Marcus | Reuters The rare-earth miner MP Materials will enjoy growing strategic value to the U.S., Its shares rose more than 5% on Thursday.
(World Oil) – The Bureau of Ocean Energy Management (BOEM) has published a Proposed Notice of Sale (PNOS) for Lease Sale 262, the first of three offshore auctions in the Gulf of America under the 2024–29 Outer Continental Shelf Leasing Program.
The Gulf of Mexico leasing round; Offshore wind and hydrogen? September 2020 Sharing the NREL paper (below) prompted me to recall a publication of mine from the summer of 2020 which was met with ridicule and incredulity in parts of the media. It's since gone mainstream.
Moving industrialization offshore can look like a good idea at first. Also, the broken supply lines of 2020 and 2021 showed that transferring major industries offshore could lead to empty shelves in stores, plus unhappy customers. But as fossil fuel energy supplies deplete, this strategy works less well.
Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Petronas Gets New Block offshore Suriname by Jov Onsat | Rigzone Staff | Thursday, June 19, 2025 | 7:53 AM EST The new acreage lies next to Petronas' Block 52, which contains the Fusaea, Roystonea and Sloanea discoveries.
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