Ocean Winds, a 50-50 joint venture between EDP Renewables and ENGIE, has contracted DEME […] The post DEME to install inter-array, export cables at Ocean Winds’ offshore wind farm in Poland appeared first on Offshore Energy.
UK-based upstream oil and gas player Serica Energy has completed the acquisition of Prax Upstream, a subsidiary of compatriot Prax Exploration & Production, expanding its hydrocarbon portfolio on the UK Continental Shelf (UKCS). The post Serica brings another multimillion-dollar oil & gas acquisition to a close in UK appeared first on Offshore Energy.
Norway’s state-owned oil & gas company Equinor and compatriot ocean services provider DeepOcean have […] The post DeepOcean to keep providing subsea IMR services to Equinor until 2035 appeared first on Offshore Energy.
Three Norwegian oil and gas players – Equinor, Vår Energi, and Petoro – have set their caps on augmenting the production from a giant oil field that came online eight months ago in the Barents Sea by adding what will become the first subsea tie-back to the project, said to be the newest oil production hub on the Norwegian Continental Shelf (NCS). The post $400 million going into subsea tie-back to huge Barents Sea oil project appeared first on Offshore Energy.
The African Development Bank (AfDB) has approved a $10m loan to Hyphen Hydrogen Energy, a Namibian green hydrogen development company, to support the development of a green ammonia project. The loan, sourced from the Sustainable Energy Fund for Africa (SEFA), will support front-end engineering design studies for solar and wind generation, battery energy storage systems, and electrolyser capacity and desalination infrastructure, thereby de-risking the project and attracting the financing required for its realisation. The project aims to achieve final investment decision in the first half of 2026. SEFA is a multi-donor Special Fund that provides catalytic finance to unlock private sector investments in renewable energy and energy efficiency. It offers technical assistance and concessional finance instruments to remove market barriers, build a more robust pipeline of projects, and improve the risk-return profile of individual investments.… Read More »Namibia green ammonia project secures $10m loan
Singapore-headquartered provider of offshore, marine, and energy solutions Seatrium has won a job with International Maritime Industries (IMI), said to be the largest shipyard in the Middle East and North Africa (MENA) region, for the supply of equipment and license for another jack-up rig bound to work in the Middle East. The post Fresh jack-up rig assignment comes Seatrium’s way appeared first on Offshore Energy.
A final investment decision (FID) has been taken for a giant oil project in the North Falkland Basin (NFB), where $1.8 billion will be needed to foot the bill to first oil and $2.1 billion to project completion. This FID comes 15 years after the original oil discovery was made. The post 15 years in the making: Falkland Islands’ Sea Lion ready to move forward to first oil appeared first on Offshore Energy.
The Northern Lights joint venture (JV), encompassing oil majors Shell, Equinor, and TotalEnergies, has […] The post Shell, Equinor, TotalEnergies issue first Northern Lights CO2 storage certificates appeared first on Offshore Energy.
Energy and marine consultancy ABL has been appointed to provide marine warranty survey (MWS) […] The post ABL joins Ocean Winds’ team for Baltic Sea offshore wind farm appeared first on Offshore Energy.
UAE-headquartered Mubadala Energy, a wholly-owned subsidiary of Mubadala Investment Company owned by the government of Abu Dhabi, has pooled resources with PLN Energi Primer Indonesia (PLN EPI), a subsidiary of Indonesia’s energy and electricity supplier, to supply gas from its gas fields in the Andaman Sea. The post Unleashing more gas at the heart of Mubadala’s partnership with Indonesian player appeared first on Offshore Energy.