Given the supply shock that hit the global liquefied natural gas (LNG) markets as a result of the Middle East conflict, Wood Mackenzie, an energy intelligence group, has pointed out that this disruption, which led to a gas price surge, failed to rattle Europe thanks to its investment in diversified fuels that acted as a shield, insulating it from the Gulf LNG export pause. The post Gulf LNG export woes push gas prices up but diversification becomes Europe’s energy lifeline appeared first on Offshore Energy.

Italy-headquartered Next Geosolutions (NextGeo) has exercised the call option to acquire a further circa […] The post NextGeo ups its stake in Rana Subsea to 82.5% appeared first on Offshore Energy.

EnBW has awarded framework agreements for subsea inspection services across its offshore wind fleet […] The post EnBW awards offshore wind subsea inspection contracts to RS Diving appeared first on Offshore Energy.

As global exploration and production (E&P) players are facing a 40% output drop, Wood Mackenzie, an energy intelligence group, has pointed out that oil and gas companies are increasing high-impact exploration investment to address the 300-billion-barrel supply gap and energy security priorities by 2050. The post Oil & gas firms step up exploration game to tackle supply shortfall by 2050 appeared first on Offshore Energy.

Hong Kong-headquartered Venture Energy Limited, focused on the procurement and trading of clean fuels, […] The post Recently established green methanol collaboration broadens its scope appeared first on Offshore Energy.

Scotland-headquartered offshore drilling contractor Odfjell Drilling has been served with an order from Norway’s offshore safety regulator, which investigated an incident that resulted in an injury at a semi-submersible rig deployed on the Norwegian Continental Shelf (NCS). The post Probe into offshore rig incident uncovers serious breaches appeared first on Offshore Energy.

Jan De Nul has completed the installation of two export cables for the Fengmiao […] The post Jan De Nul installs export cables for Taiwan’s Fengmiao 1 offshore wind farm appeared first on Offshore Energy.

Norway-based cleantech service provider Soiltech has secured three new assignments for rigs deployed in the Black Sea, the Netherlands, and Norway. The post Norwegian firm pulls off hat trick for rigs working in Europe appeared first on Offshore Energy.

Subsea Integration Alliance (SIA), comprising SLB OneSubsea and Subsea7, has been tasked by U.S.-headquartered energy giant ExxonMobil with the engineering, procurement, construction, and installation (EPCI) scope of work at an oil project in Block 15 off the coast of Angola. The post Subsea7, OneSubsea take on multimillion-dollar job at ExxonMobil’s Angolan oil project appeared first on Offshore Energy.

Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, has pointed out that the findings of a recent report reinforce the benefits of Australia’s existing fiscal framework, including the Petroleum Resource Rent Tax (PRRT), with the spike in oil prices having the potential to boost federal and state budgets by $17 billion per year. The post Higher oil prices put $80 billion more on Australia’s tax horizon appeared first on Offshore Energy.