A damning briefing paper released by a group of offshore wind developers warns that if Trans Tasman Resources gets the go-ahead to mine the seabed of the South Taranaki Bight, it would spell the end of New Zealand’s chance to embrace offshore wind energy.
California has plans to tap into the abundant and reliable energy of offshore wind that blows far off our coastline to reach a much-needed future powered by 100% clean energy.
Deme’s offshore energy business reported Q1 turnover of €390m compared with €279m in Q1 2023.
The offshore energy top line grew 40% year-over-year driven by efficient project execution and helped by a favourable comparison base for the first quarter of last year, Deme state.
In the world of energy production, power is not just a component; it’s the cornerstone that propels every facet of the industry forward. From the depths of drilling and extraction to the complexities of processing and distribution, it is the uninterrupted flow of power that ensures operations run smoothly and efficiently. A disruption in this flow doesn’t merely pause operations; it halts the entire lifecycle of energy production and its revenue streams.
QatarEnergy has signed a farm-in agreement with ExxonMobil to acquire a 40% participating interest in two exploration blocks offshore Egypt.
Rigorous engineering remains the key platform to accomplish the dizzying array of complex work on a daily basis and the linchpin in elevating the performance of deepwater projects from acquisition to abandonment.
Oilfield services companies are among the biggest winners as demand soars on a favorable mix of exploration and offshore activity.