BP achieves $3.29 billion profit in third quarter results
Energy giant BP (LON: BP) has unveiled its third quarter results, reporting underlying replacement costs profits of $3.29 billion (£2.7bn).
offshore
Opinion: Is the oil and gas sector becoming more attractive to private equity investors?
A 2020 study by McKinsey stated, ‘The oil and gas industry accounts for 42% of global emissions…in addition, it produces the fuels that create another 33% of global emissions.’
Aberdeen’s Seacroft Marine Consultants announces management buyout
Aberdeen's Seacroft Marine Consultants has announced a management buyout, with company director Jennifer Fraser to step down after 27 years with the firm.
Global Underwater Hub report finds supply chain capability high, lack of project visibility threatening confidence
A report by the Global Underwater Hub (GUH) released today has emphasised the strength of the UK supply chain but warns a continuing lack of project surety is impeding necessary investment.
“Chips once a week”: Offshore industry grapples with health and safety risk of weight gain
Offshore leaders are working to address health and safety risks as North Sea workers’ weight continues to grow.
Scottish research to explore combined wind and wave energy platforms
A new study will determine the potential for shared floating platforms used by offshore wind and wave energy devices.
‘Financially untenable’: Drilling body warns renewables at risk amid North Sea rig exodus
A North Sea drilling industry body has warned the viability of UK renewables projects is at risk unless the UK government changes its policy towards windfall taxes and day rates.
Offshore safety brought into focus by HSE findings – but simple steps can help save lives
After an Energy Voice report on HSE last month, Drager's Paul Davidson assesses some steps firms should take.
DNV wins deal for South Korea’s largest offshore wind farm
DNV, the independent energy expert and assurance provider, has been appointed by Elenergy, a Korean renewable energy development company, as owner’s engineer for its 1.5 GW fixed-bottom Chujin offshore wind project.
Orsted appoints new manager for strategic push in frontier Japan wind market
Henriette Holm will be Ørsted (CPH:ORSTED) Japan’s new country manager bringing her extensive experience of heading up project development in the UK, including the world’s largest offshore wind farm, as the company seeks to strengthen its team in the exciting frontier wind market.
Chinese city plans offshore wind farm that could power Norway
A city in southern China is planning an offshore wind farm bigger than all of the power plants in Norway combined.
Siemens Gamesa wins its largest offshore wind deal in Taiwan
Siemens Gamesa and Hai Long Offshore Wind Project signed two agreements at the Energy Taiwan trade fair in Taipei on Thursday marking Siemens biggest deal in the country.
Orsted opens largest offshore wind O&M hub in Asia Pacific
Danish wind developer Orsted has opened what it says is the largest offshore wind operations and maintenance (O&M) hub in Asia Pacific to support its Greater Changhua wind farms offshore Taiwan. Significantly, it is the first operations hub it has built outside Europe.
CIP and Tokyo Land team up for offshore wind in Japan
Copenhagen Infrastructure Partners (CIP) and Tokyo Land Corporation are teaming up to develop the Aomori South offshore wind project in northern Japan.
Diver dies offshore Malaysia at Petronas FPSO
A commercial diver has died while performing an adapter mating test on the hull of a floating production storage and offloading (FPSO) vessel offshore Malaysia, according to a HSE report from national oil company Petronas.
Corio teams up with Vietnam’s FECON for offshore wind power
Corio Generation has signed a joint development agreement with FECON, a leading Vietnamese construction and infrastructure group, for a proposed 500 MW offshore windfarm in Ba Ria, Vung Tau province, Vietnam.
CNOOC finishes China’s first offshore CCS project
CNOOC has finished China's first offshore carbon capture and storage (CCS) project designed to permanently store carbon dioxide (CO2) in the seabed, state media reported recently.
Sembcorp Marine shareholders question Singapore yards mega merger
Singapore’s Sembcorp Marine (SGX:S51) has released the financial and operating metrics of its proposed combination with a restructured Keppel Offshore and Marine (Keppel O&M) (SGX:BN4) in a response to queries from its shareholders that fear share dilution.
India ready to launch offshore wind auction within months
The government of India said it will offer 4GW of capacity on blocks offshore Tamil Nadu within the next three to four months.
Shell approves $2.5bn Crux gas project to backfill Prelude LNG off Australia
Shell (LON:SHEL) has taken a final investment decision (FID) to develop the Crux natural gas field offshore Western Australia.
Spain’s BlueFloat eyes floating wind offshore Taiwan
Spain’s BlueFloat Energy plans to enter Taiwan’s third offshore wind market auction with a proposed 1GW-plus floating project.
Inpex starts exploration drilling offshore Japan
Inpex has started exploration drilling offshore Japan, which if successful could mark the nation’s first new offshore gas development in over three decades.
Sacgasco accelerating offshore oil development in Philippines
Australian-listed Sacgasco (ASX:SGC) has agreed an alliance covering extended well testing and early production systems in the Palawan basin offshore Philippines as they aim to pump oil as fast as possible in the current high oil price environment. Significantly, the company and its partners will be hoping to eek oil out of an old field before their contract expires in 2024.
Orsted generates first power at Taiwan’s biggest offshore wind project
Danish offshore wind developer Orsted has successfully generated first power from the Greater Changhua 2a offshore wind project in Taiwan. Significantly, the development is the largest of its kind offshore Taiwan and Orsted’s first large-scale offshore wind farm in Asia Pacific.
Asia’s largest jacket successfully installed in South China Sea
Asia's largest offshore jacket Haiji-1 was last week installed in the South China Sea by Chinese offshore engineering and construction company COEEC.