It’s no secret that the UK has a declining basin and as the country transitions to net zero, oil and gas platforms will cease production and later be decommissioned. However, which asset will be the last one standing?
The global offshore wind construction vessel fleet count has been boosted by the recent delivery of two jack-ups (WTIVs) built by Chinese group Shanghai Zhenhua Heavy Industries (ZPMC) for conglomerate China Communications Construction Company (CCCC).
By Seb Kennedy, associate editor of E-FWD and founding editor of Energy Flux News
If governments are serious about achieving decarbonisation targets, there needs to be an honest conversation about how to do so in an environment of perennial macroeconomic uncertainty.
Norwegian energy firm DNV has completed the first phase of its joint industry project (JIP) aimed at establishing offshore substation standards for the growing floating wind sector.
“This joint venture demonstrates that direct air capture is becoming an investable technology, and BlackRock’s commitment in Stratos underscores its importance and potential for the world,” Chief Executive Officer Vicki Hollub said in the statement.
The wind sector is still very much in its ascendancy, but some vanguard projects are only a few years from the end of their initial design life, prompting many asset owners with the ultimate question – whether to repower or decommission?
Freshly transformed following the exit of former venture partner Sinopec, Repsol Resources UK is looking to the future of its operations in the North Sea.
Recently, Aberdeen’s Well-Safe Solutions hired its first ever energy transition manager and the firm’s director of strategy and commercial recently said that CCUS is a key part of the transition, as is geothermal.
Offshore industry leaders came together at a leadership summit in Aberdeen and urged the rest of the sector to get behind the programme that will help deliver a safer, transferable pool of technically competent workers.
Partners Group Holding AG is in advanced talks for a potential acquisition of Rosen Group, a European engineering firm specializing in testing oil and gas assets, people with knowledge of the matter said.
The first King's Speech in over 70 years has outlined plans to "attract record levels of investment in renewable energy" - but experts say fresh measures are needed to achieve that.
The Saudi company also noted the importance of gas. During the period, Aramco started up the Hawiyah gas plant expansion, increasing the facility’s capacity by 800 million cubic feet per day.