Mercuria, an independent energy and commodity trader, has joined forces with Motor Oil Hellas (MOH) to ensure liquefied natural gas (LNG) supply through a floating storage and regasification unit (FSRU) in Greece’s Saronic Gulf. The post LNG pact enables Greek FSRU to boost Southeast Europe’s gas supply diversification appeared first on Offshore Energy.
The second round of funding for the Eastern Green Link 2 (EGL) project fund […] The post Eastern Green Link 2 gives back as second round of community fund opens appeared first on Offshore Energy.
A pre-installation survey campaign is set to begin at RWE’s 1.4 GW Vanguard West […] The post RWE to carry out pre-installation survey at Vanguard West OWF site appeared first on Offshore Energy.
All inter-array cables at the 920 MW Greater Changhua 2b and 4 offshore wind […] The post All inter-array cables at Ørsted’s new offshore wind farm in Taiwan installed and energized appeared first on Offshore Energy.
With more than 80 million tonnes per annum (mtpa) of liquefied natural gas (LNG) supply, representing around 20% of global supply, being inaccessible to global markets, the Strait of Hormuz closure has the potential to spark the biggest energy supply shock in decades, according to Wood Mackenzie, an energy intelligence group, which emphasizes that oil prices could reach $200 a barrel (bbl) in a worst-case scenario, as over 11 million barrels per day (b/d) of Gulf crude and condensate supply continues to be curtailed. The post Strait of Hormuz closure: Tight LNG markets, oil prices could soar to $200 appeared first on Offshore Energy.
Haesong Offshore Wind has signed preferred supplier agreements (PSAs) with LS Cable & System […] The post Haesong Offshore Wind signs supply chain agreements with LS Cable, LS Marine Solution, KEPCO E&C appeared first on Offshore Energy.
As oil prices top $100 per barrel (bbl), Wood Mackenzie, an energy intelligence group, has pinpointed the uptick in energy prices as the reason for the revival in windfall tax debate across four continents. The post Oil price spike spurs windfall tax proposals in Brazil, EU, US, and Australia appeared first on Offshore Energy.
U.S.-headquartered energy technology giant Baker Hughes has secured a contract extension with Brazil’s state-owned energy giant Petrobras for the expansion of integrated well construction operations across the South American country’s pre-salt offshore oil and gas fields. The post More work with Petrobras on Baker Hughes’ oil & gas scope in Brazilian waters appeared first on Offshore Energy.
Qatar’s state-owned oil and gas giant QatarEnergy has notified Italy’s Edison about a contractual force majeure extension, adding five more liquefied natural gas (LNG) cargos to the existing list of impacted ones. The post QatarEnergy prolongs force majeure, Edison’s total affected LNG cargoes reach 17 appeared first on Offshore Energy.
Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has received the green light for its seawater intake riser (SWIR) technology from American Bureau of Shipping (ABS), a classification society. The post ABS endorses SBM Offshore’s Shell-backed FPSO deepwater cooling tech appeared first on Offshore Energy.