Two energy majors, Australia’s Woodside Energy and Malaysia’s state-owned Petronas, have signed a non-binding heads of agreement (HOA) for a long-term supply of liquefied natural gas (LNG) to Malaysia. The post Woodside to supply Petronas with LNG under long-term agreement appeared first on Offshore Energy.
Ocean services provider DeepOcean has signed an agreement with Kystdesign for the delivery of […] The post Kystdesign to strengthen DeepOcean’s ROV fleet with 7 new units appeared first on Offshore Energy.
With the results of the tender reaffirmed, Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe is anticipating the prompt signing of a multi-year vessel contract in South America with Petrobras, Brazil’s state-owned oil and gas giant. The post Prosafe vessel’s Brazilian gig confirmed as Petrobras upholds bid results appeared first on Offshore Energy.
While one segment of an oil project in the North Sea is slated to go into production mode this year, Vår Energi and its partner, Kistos Energy, have put their stamp of approval on a final investment decision (FID) to bring online another addition to the same asset next year off the coast of Norway. The post Go-ahead for another chapter of North Sea oil project’s story: More coming up by year-end appeared first on Offshore Energy.
The Chamber of Marine Commerce (CMC) has welcomed Canada’s Halifax Port Authority as its newest member organization. The post Chamber of Marine Commerce welcomes Halifax Port Authority as newest member appeared first on Offshore Energy.
The European Commission has set out legislation to phase out Russian gas by the end of 2027 and will step up tracing and monitoring to minimise circumvention with liquefied natural gas (LNG). While Europe recently introduced its 18th package of sanctions, EU imports of Russian LNG rose 18% to 24.2 bcm last year. Dan Jørgensen, Commissioner for Energy and Housing, said,“Importers will have to provide customs authorities with information concerning the origin of the gas, the identity of the supplier, as well as entry and delivery points for supplies of LNG.” Given the essential role that LNG is expected to play in securing alternative energy supplies in Europe, LNG terminal services for customers from Russia or controlled by Russian undertakings will be also prohibited from 1 January 2026. … to continue reading this article and more,… Read More »Russia LNG checks to rise as EU gets tough | Europe
Italian chemicals company IGAT and the utility EDP Energia Italia are to build a distributed generation photovoltaic solar plant. It is the largest EDP project in Italy to be integrated with a storage system. The solar plant will be installed at IGAT’s industrial site in the province of Caserta, with total capacity of 2.5MWp, boosting the company’s flexibility in energy management and enhancing its decarbonisation. IGAT, part of the SIAD Group, specialises in the production of oxygen, nitrogen, and argon. It recently secured funding through Italy’s National Recovery and Resilience Plan (PNRR) for a green hydrogen initiative, which will produce green hydrogen through an electrolyser powered by EDP’s photovoltaic plant. The solar plant, expected to become operational this year, will consist of more than 3,400 photovoltaic panels and will generate about 3.5GWh of energy per… Read More »EDP Group and SIAD’s IGAT to build largest solar-and-storage plant in Italy | Italy Gas News
A spike in crude oil prices and tweaks to ships’ regular routes are some of the key indicators of uncertainty enveloping energy and shipping markets in the wake of Israel’s attack on Iran, as both countries turn off their giant offshore hydrocarbon production taps for safety reasons. The post Oil & gas price uptick and vessel rerouting as Israel-Iran conflict keeps markets on edge appeared first on Offshore Energy.
AtoB@C Shipping, a Sweden-based subsidiary of Finnish shipping company ESL Shipping, has taken delivery of its seventh 5,400 dwt plug-in hybrid newbuilding. The post AtoB@C Shipping enriches fleet with 7th plug-in hybrid newbuild appeared first on Offshore Energy.
The Northern Lights joint venture (JV) has received approval from the Norwegian Ministry of […] The post Norway: Northern Lights approved for CO2 storage expansion appeared first on Offshore Energy.