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The American Bureau of Shipping (ABS), a classification society, has bestowed an approval in principle (AiP) to Finland’s marine engineering player Deltamarin and China Merchants Heavy Industry (CMHI) for a new versatile floating production, storage, and offloading (FPSO) hull design. The post FPSO hull design obtains ABS’ seal of approval appeared first on Offshore Energy.

Vår Energi, an independent upstream oil and gas company on the Norwegian Continental Shelf (NCS), has made a new oil discovery off the coast of Norway, with a semi-submersible rig owned by COSL Drilling Europe. The post Fresh oil discovery in Barents Sea comes to light appeared first on Offshore Energy.

Norwegian state-owned energy giant Equinor has prolonged the lifespan of a floating production, storage, and offloading (FPSO) unit by expanding its active duty past 2030 with a subsea template tied back to the vessel via a new tubing off the coast of Norway. The post 28-year-old FPSO secures life extension beyond 2030 as oil flows from subsea tie-back appeared first on Offshore Energy.

U.S.-headquartered energy giant Chevron has unveiled its multibillion-dollar budget for next year, setting aside around $7 billion for offshore oil and gas plays across Guyana, Eastern Mediterranean and the Gulf of America (U.S. Gulf of Mexico). The post Chevron earmarks $7 billion for offshore oil & gas moves in Guyana, Mediterranean and US Gulf appeared first on Offshore Energy.

Finder Energy, a Perth-based oil and gas exploration player, has struck a deal with Aberdeen-based Amplus Energy, which will enable a 39-year-old floating production, storage, and offloading (FPSO) vessel to work at two oilfields off the coast of Timor-Leste, Southeast Asia. The post 1986-built FPSO lands redeployment gig at Southeast Asia’s oil project appeared first on Offshore Energy.

Italy’s engineering, drilling, and construction services giant Saipem has confirmed the achievement of first gas at an asset that was recently converted from a semi-submersible drilling rig into a floating production unit (FPU) deployed at Eni’s liquefied natural gas (LNG) project off the coast of Congo, Africa. The post Saipem cheers first gas milestone on rig-turned-FPU at Eni’s African project appeared first on Offshore Energy.

With the maritime industry facing the pressing challenge of decarbonization, the development of alternative fuel vessels powered by liquefied natural gas (LNG) and ammonia is gaining momentum, as illustrated by an approval in principle (AiP) Japan’s classification society ClassNK has granted for Spray form insulation system of IMO Type B tank for LNG and ammonia fuel. The post Tank insulation system for LNG and ammonia-fueled vessels receives ClassNK’s blessing appeared first on Offshore Energy.

CGEN Engineering, a spinout company from the University of Edinburgh, has put its fully marinised, next-generation modular electrical generator for tidal energy devices to the test over the past few months at a test site of the Marine Energy Test Area (META) in the Cleddau Estuary. The post WATCH: Next-gen tidal energy generator undergoes trials at UK’s META appeared first on Offshore Energy.