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“The focus is clearly on further enhancing and strengthening domestic E&P efforts,” Minister of Petroleum and Natural Gas, Hardeep Singh Puri, posted on X while visiting an offshore industry event in Bergen, Norway.
Norwegian energy major Equinor has walked away from a third offshore wind development project in Australia in another blow to the federal government’s plan to build an offshore wind industry.
Winning POWER’s highest honor, South Fork Wind—the first commercial-scale offshore wind farm in U.S. federal waters—stands as a beacon for the power sector’s ambition to forge new industries in the The post A Transformative Dawn: South Fork Wind Leads America’s Offshore Reboot appeared first on POWER Magazine.
Guyana's offshore oil industry is set to take a major leap forward as the One Guyana floating production, storage, and offloading (FPSO) vessel readies its first export cargo. and China's state-run CNOOC.
King Charles III’s property firm is to invest up to £400m of fresh capital into the UK’s offshore wind supply chain, it has been announced. The Crown Estate has earmarked £350m for investment into the construction of a new port and supply chain infrastructure it said would support “accelerated delivery of UK offshore wind projects.”
Turkish energy firms will explore for oil and gas offshore Pakistan under agreements with local companies, Turkish Foreign Minister Hakan Fidan said during a visit to Pakistan on Wednesday.
Built on degraded tidal flats in China’s Jiangsu Province, CHN Energy’s Rudong project combines 400 MW of offshore photovoltaic generation, grid-scale battery storage, and green hydrogen production with The post A Modern Blueprint for Coastal Power: China’s Offshore Solar-Hydrogen Integration appeared first on POWER Magazine.
CNOOC has installed the largest and heaviest offshore platform at a field in the Bohai Sea, the company said today, boasting the facility was 22.8 meters high and weighed over 20,000 tons. The platform was installed at the Kenli field, at a depth of some 20 meters, which has proven reserves of some 100 million tons of crude oil.
As LNG Canada shipped its first LNG cargo from the newly completed facility in Kitimat, on the northwest coast of British Columbia, activity is ramping up on the East Coast especially offshore natural gas.
South Fork Wind, the first commercial-scale offshore wind project to come online in the U.S., and New York’s first offshore wind farm, marks a milestone for the industry’s future in America. Offshore Wind appeared first on POWER Magazine. The post South Fork: A Positive Turn for U.S.
(World Oil) – The American Petroleum Institute today joined more than 100 other energy trade groups and organizations in urging the Department of the Interior to develop a new five-year offshore leasing program that fully leverages the U.S. offshore production accounts for 14% of total U.S. According to the U.S.
Chinese state-owned manufacturer Dongfang Electric announced the company has completed production of a 26-MW offshore wind turbine, continuing a trend of ever-more-powerful turbines from that country.
The global race to build ever-larger offshore wind turbines may have another entrant, as Siemens Gamesa has reportedly told customers the company plans to produce a 21-MW model in the […] The post Siemens Gamesa Reportedly Developing 21-MW Offshore Wind Turbine appeared first on POWER Magazine.
offshore wind business. Germany's RWE just pulled the plug on its U.S. No fireworks, no headlines about thousands of turbines scrappedjust a dry admission that it's "halting activities" in American waters. For one of Europes biggest green energy giants to walk away from a market as large as the U.S.,
Shell has started first oil production from the next development phase of a deepwater oil project offshore Malaysia, the UK-based supermajor said on Friday as Europes largest oil and gas companies are pivoting back to strategies to boost output of fossil fuels.
X-20MW offshore wind turbine at a project in Hainan, according to a statement posted on the group’s LinkedIn […] The post Mingyang Says 20-MW Offshore Wind Turbine Installed in South China Sea appeared first on POWER Magazine.
A UK energy services giant returned to profit and created hundreds of jobs in the year before being acquired in a deal which valued it at more than $1bn (£737m). OEG Energy Group, which is headquartered in Aberdeen, has reported a pre-tax profit of $4.4m for 2024, having posted a pre-tax loss of $14.9m to $537.3m
Over the past week, the offshore wind power sector in the U.S. On July 1, the […] The post Nearly 5 GW of New Offshore Wind Power Approved for the U.S. received two major federal approvals that could add nearly 5 GW to the grid. Northeast appeared first on POWER Magazine.
GW Inch Cape offshore wind project in Scotland. GW Scottish Offshore Wind Project appeared first on POWER Magazine. Wind turbine manufacturer Vestas said the company will supply, install, and commission dozens of the company’s 15-MW turbines for the 1.1-GW The company […] The post Vestas Will Supply Turbines for 1.1-GW
Namibia expects Frances TotalEnergies and Norways BW Energy to take final investment decisions on oil projects offshore the African country in late 2026, a senior Namibian official says.
Despite posting consensus-beating core earnings for the first quarter, Orsted, the worlds biggest offshore wind project developer, on Wednesday warned of a continued challenging environment for the industry with mounting near-term headwinds.
Chevron confirmed Wednesday that a fire has injured at least 17 workers and left one missing on its Benguela Belize Lobito Tomboco (BBLT) offshore platform in Angola. The fire started on Tuesday, with details released to Reuters on Wednesday by Chevron subsidiary Cabinda Gulf Oil Company Ltd. CABGOC), which operates the platform.
The UK is more than doubling the funding for a so-called Clean Industry Bonus to support offshore wind projects, just as the worlds biggest offshore wind project developer, Orsted, pulled the plug on a major UK plan due to worsened economics.
China National Offshore Oil Corporation (CNOOC) has fully launched the second phase of its Deep-Sea No. 1 natural gas project in the South China Sea, boosting domestic output by 4.5 billion cubic meters (bcm) per year.
XRG, the newly created energy investment firm of Abu Dhabis national oil company ADNOC, has taken a 38% stake in a production sharing contract for an offshore block of gas and condensate fields in Turkmenistan. As part of the transaction, XRG and Petronas signed a long-term gas sales agreement (GSA) with Turkmengas.
50Hertz, the transmission system operator (TSO) for eastern Germany, has awarded its Ostwind 4 project to GE Vernova, in consortium with Drydocks World, a DP World company that provides marine […] The post 2-GW Offshore Grid Connection Takes Shape in the German Baltic Sea appeared first on POWER Magazine.
supermajor Chevron has expressed interest in oil and gas exploration in two additional offshore blocks south of the Greek island of Crete, Greeces Ministry of Energy and Environment said on Wednesday.
RenewableUK and the Offshore Wind Industry Council (OWIC) have released a new report showing that the number of people working in the offshore wind industry has risen from just over 32…
Two studies commissioned by Iberdrola's ScottishPower say that offshore charging for battery-powered crew transfer and service operation vessels is on the horizon for future wind farms.
Denmark-based rsted, which won the contract to develop the 2.4GW Hornsea 4 offshore windfarm last year, said it took the decision due to supply chain costs, higher interest rates, and an increase in the risk to construct and operate Hornsea 4 on the planned timeline.
Energy solutions business OEG has signed a significant multi-million-dollar contract to support the construction phase of the Inch Cape offshore wind farm in Scotland…
Equinor and its partners in the exploration and production license have hit natural gas in the Skred prospect, in a well drilled 23 kilometers (14 miles) north of the Johan Castberg field and 210 kilometers (130 miles) northwest of Hammerfest, a major gas export facility in Norway, the Norwegian Offshore Directorate said on Thursday.
TotalEnergies adquirió 25% de participación operativa en 40 concesiones offshore de Chevron en EE.UU., TotalEnergies ha anunciado la adquisición del 25% de participación operativa en una cartera de 40 concesiones federales offshore en Estados Unidos , previamente operadas por Chevron.
trillion oil fund, will buy 49% in two offshore wind farm developments of RWE for a total of $1.5 The agreed price for 49% of the two offshore wind projects, Nordseecluster in the German North Sea and Thor in the Danish North Sea, values the entire projects at around $3.1 The worlds biggest sovereign wealth fund, Norways $1.8
Already dominating Egypt’s offshore, Eni, Shell and Chevron all took more Mediterranean acreage this week. Local independent Cheiron also took a block that surrounds its 100mn cfd WEB development north of Alexandria.
Ørsted has reached financial close on a project finance package for the 632 MW Greater Changhua 2 offshore wind farm in Taiwan, having signed agreements with 25…
Namibia, one of the latest exploration hotspots in the world, is weighing potential further incentives and financing options to offer to international majors preparing plans for oil production offshore the African country. However, without infrastructure in place, costs are higher for production development plans.
Norway's energy regulator has identified four more areas as most suited for future offshore wind development, it said on Monday, with the government now consulting…
be found offshore, this could significantly contribute to? Shell applied last year for environmental authorizations to drill ultra-deepwater wells offshore… Shell has received environmental authorization to drill up to five deepwater wells to explore for oil and gas off the west coast of South Africa. Should viable resources ?be
Empire Energy and Ellevo Group have launched a strategic joint venture for offshore wind lifting and transport consultancy services to meet the evolving demands…
Artemis Technologies has demonstrated its latest electric crew transfer vessel (E-CTV) at Vattenfall's Aberdeen offshore wind farm, in partnership with Vattenfall…
Fugro has secured contracts to conduct both geophysical and geotechnical site investigations for the development of two large-scale offshore wind farms in the German North Sea…
GW East Anglia THREE offshore wind farm in the U.K., Abu Dhabi Future Energy Company (Masdar) and Iberdrola have agreed to co-invest $6.08 billion in the 1.4
Norway announced on Monday a tender for three project areas for floating offshore wind in a highly-anticipated first competition for this type of renewable energy in the Nordic country.
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