Papua New Guinea’s (PNG) Kumul Petroleum Holdings has secured funding to acquire 2.6% of PNG LNG stake from Australian energy company Santos. According to Santos, Kumul paid approximately $250 million into escrow with Santos as part payment of the purchase price and executed binding funding arrangem
Aker Solutions and the Marine Energy Test Centre (METCentre) in Norway have signed a front-end engineering and design (FEED) contract for a pilot project which will see Aker Solutions testing its new power transmission technology at the METCentre’s offshore test area that houses demonstration floati
The Viking Link electricity interconnector between the UK and Denmark has commenced operations, now transporting power between the two countries. Deemed the world’s longest land and subsea interconnector, the £1.7 billion Viking Link started commercial operations on December 29, 2023. The link has
CNOOC Limited has kicked off production from oilfields Phase II development project in the South China Sea, offshore China.
Galp is currently drilling a well in license PEL 83 offshore Namibia, located close to Shell’s Graff and TotalEnergies’ Venus discoveries.
While multiple new oil and gas projects were sanctioned throughout 2023, the top eight ones are listed in this article.
Three rigs stand out as the highest-paid ones during the second half of 2023. Unsurprisingly, all three spots were taken by drillships.
In the maritime realm, 2023 has been a year marked by transformative projects and announcements, on both the regulatory side, ship designing, and shipbuilding front as well as demand signals for the production of alternative fuels. Amidst geopolitical turbulences in the Middle East, the ongoing conf
Shell has picked Seatrium for the construction and integration of its new FPU destined for its project in the U.S. Gulf of Mexico.
Westwood Global Energy, an energy market research and consultancy firm, has outlined its top three predictions for 2024.
Nearly 800MtCO2 can be reduced by progressively switching to steel with lower embodied CO₂ emissions, equivalent to one year of international shipping’s operational emissions, a new analysis by UMAS and Lloyd’s Register Maritime Decarbonisation Hub shows.
Shell has tucked a green light for its environment plan (EP) under its belt for a seabed survey on the Crux natural gas field off Australia.
As we gradually shift our focus on the new year and on what lies ahead in the offshore energy industry in 2024, let’s give a last look to 2023 to pay tribute to this very eventful year. Unfortunately, the year was marked with a number of dark events, with the Balticconnector offshore gas pipeline in
Woodside has received a stamp of approval for an environment plan, covering seabed intervention and trunkline installation off Australia.
