Offshore energy infrastructure service provider Acteon Group has been bought by private equity investors Buckthorn Partners and One Equity Partners (OEP).
Part of the exorbitant cost of offshore wind energy is the massive crane ships required to install the damn things – but Norwegian company Windspider has come up with a brilliantly lightweight crane system that promises to slash costs in half.
Offshore Namibia, the success rate in offshore discoveries has been phenomenal so far.
This week, TotalEnergies and QatarEnergy said they were expanding their efforts to explore for oil and gas in the Orange Basin offshore Namibia.
In Uruguay, Brazil’s neighbor to the south, a subsidiary of Chevron entered in a deal this week to buy 60% and assume operatorship of an offshore exploration block.
In a step toward building the first massive wind farms off California’s coast, three Assemblymembers today proposed a $1 billion bond act to help pay for the expansion of ports.
China’s offshore giant CNOOC aims to raise its oil and gas output to 1.95 million b/d of oil equivalent in 2024, about 5.2% higher from its estimated output of 1.85 million boe/d last year, the state-owned company said late-Jan. 25.
OSLO, Dec 13 (Reuters) – Oil and gas companies operating in Norway are expected to invest 240 billion Norwegian crowns ($21.85 billion) in 2024, up from 220.5 billion in 2023, and more than previously expected, an industry group said on Wednesday.
ADELAIDE, Australia — The Valaris 107 jackup rig has completed drilling the Kupe South 9 development in the Taranaki Basin offshore New Zealand, Beach Energy said in its latest results statement.
Offshore oil and gas companies should expect continued scrutiny of their health and safety practices in 2024 despite a recent report suggesting that the industry has never been safer to work in, experts say
Despite the recent bearishness, investors are still betting heavily on one corner of the market: offshore oil and gas.
The Clarksons Offshore Index is projected to reach all-time high in 2024.
Rig, OSV and Subsea markets are particularly robust, with oil and gas vessel rates now higher than 2014 levels in the majority of sectors/regions.
All emerging nations, not just our own, struggle with electricity. And the straightforward explanation that
electricity is either not available or not available in accordance with demand, etc., is often given. Scientists
have taken the initiative to develop a new device that uses the temperature differential between the European
deep sea and the surface to create power, in an effort to avert this electrical crisis. They have achieved a
completely sustainable and continuous electricity supply by addressing climate change. For the benefit of the
free market economy, there is a growing demand for and use of alternative fuels, particularly as the cost of
petrol and petroleum goods keeps rising. The concept of utilising gasoline made from alternative energy is
not new. For many reasons, it could not be put into reality. Interest in these alternative power generating
methods is growing as energy prices rise in nations like Germany. They are considering using the heat from
the water to create power. Typically, the sea surface temperature is at least 25 degrees Celsius. In contrast, the
sea’s temperature at a depth of 1000 metres is around 4 degrees Celsius. In other words, there is a temperature
differential of more than 20 degrees between the two levels. According to scientists, this disparity in the
water may be used to produce power.