FPSO owner BW Offshore has reached an agreement with the government of New Zealand to cover the costs of continued operations of the stranded FPSO Umuroa. As a result, BW Offshore will cease the previously announced liquidation of its subsidiary which owns the FPSO,…
Integrating oil and gas, renewables, hydrogen and Carbon Capture and Storage (CCS) energy systems could deliver around 30 percent of the carbon reduction needed to meet the UK’s 2050 net zero target, according to a new report from the UK Oil and Gas Authority (OGA)….
In its 2021-2025 Floating Production Systems Outlook Report, Energy Maritime Associates (EMA) analysed the activity in 2020 and how the COVID-19 pandemic and subsequent crash in oil prices has affected the floating production market. According to the report, only six new floating production units…
It’s been much discussed among energy nerds over many years, but the role waste plays in energy accounting is starting to get more attention. When you burn fossil fuels, only some the energy produced is captured and used; the majority is wasted as heat…
Natural Law Energy (NLE) has agreed to make an equity investment of up to US$1 billion in TC Energy Corporation’s Keystone XL pipeline project. The first phase of the transaction is expected to close third-quarter 2021, contingent on NLE securing financing. As Keystone…
Oil Search Ltd is moving its development focus in Papua New Guinea operations to the two-train Papua LNG (Elk-Antelope) project without waiting for the earlier plan to link it to a third-train expansion of the existing PNG LNG project. Last year the proposed Total-operated…
Petroliam Nasional Berhad (Petronas) has called for a stronger collaboration among ASEAN governments, energy players and the public and private sectors to collectively leverage each other’s strengths in achieving a sustainable, low carbon future. In a special address at the opening of the virtual…
Dutch-based Mammoet has secured a steel catenary riser (SCR) and umbilical pull-in contract from Subsea 7. The scope of work included in this contract is for engineering, procurement, fabrication and offshore pull-in operations. The SCR and umbilical pull-in operations will take place at…
Prysmian Group has signed a preferred bidder agreement with RWE Renewables for the turn-key high voltage submarine and land export cable connection for the Sofia offshore wind farm in the UK. The finalisation of the contract is subject to final negotiations and the final…
Chinese wind turbine manufacturer MingYang Smart Energy has begun construction of a 2GW hybrid project in Inner Mongolia which, upon completion, will boast 1.7GW of wind power capacity, 300MW of solar PV capacity, and 320MW of battery capacity with three hours of storage. MingYang…
