Norwegian duo team up for floating offshore wind

Odfjell Drilling has invested in Oceanwind AS, a company whose long-term objective is to own and operate harsh environment floating offshore wind turbines.   Odfjell said it intends to achieve a controlling position, subject to successful completion of the contemplated equity tranches.   Simen Lieungh,…

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No timeframe for restart of Keyera’s Wapiti gas plant

Keyera Corporation has indefinitely extended the timeframe of a recently announced unplanned outage at its Wapiti natural sour gas processing and liquid stabilisation plant about 60 km south of Grand Prairie, Alberta.   Keyera informed Pipestone Energy Corporation on the 27th August that the issue…

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Insurance Jottings

Laura churns across US$56 billion offshore energy assets: Skytek Hurricane Laura’s path to a US landfall has taken it through an area that has 533 offshore energy assets with estimated exposed value of US$54 billion, as well as 81 windfarms with estimated exposed value of…

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Malaysian firm to take full control of North Sea operator

Malaysia’s DNeX has entered into a head of agreement (HoA) with Ping Petroleum to make an offer to acquire the remaining equity interest in Ping not currently owned by DNeX.   Ping Petroleum is an upstream company focused on shallow-water offshore production and development opportunities…

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First topsides module in place for offshore Israel FPSO

The first topsides module has been lifted onto the FPSO Energean Power hull at Sembcorp Marine’s Admiralty Yard in Singapore.   According to Energean, which will use the vessel to initially produce gas from the Karish field offshore Israel, the 850-metric ton (937-ton) electrical house…

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Australia to release new areas for offshore exploration

The Australian government has announced the release of 42 new areas for petroleum exploration in Commonwealth waters. The bulk are offshore northern Australia with three offshore Victoria.   Federal Minister for Resources, Water and Northern Australia, Keith Pitt, said about 100,000 square kilometres has been…

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New Breed of Refineries Emerging in Asia

As the age of the hydrocarbon enters its final era, the action increasingly moves to Asia and plastics take centre stage.   With demand for transport fuels set to tail off in the years ahead, a new breed of processing plants is sprouting up across…

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