PRA warns on preparedness as Brexit trade agreement deadline looms The Bank of England’s Prudential Regulation Authority (PRA) has urged firms to ensure they are “operationally prepared” to enter the Temporary Permissions Regime (TPR) which will come into force if the UK and EU fail…
Saudi Aramco is shelving multi-billion-dollar petrochemical and gas projects as the state oil giant’s determination to preserve its dividend forces it to cut back on major investments. The world’s biggest oil company is abandoning plans to build a US$20 billion crude-to-chemicals plant at Yanbu on…
Jadestone Energy has set up a new offtake arrangement for the Stag oil field, located offshore Australia, following Altera’s decision to retire the FSO Dampier Spirit, which has been used for offload since the field’s original development. The Jadestone-owned and operated Stag oilfield produces…
Boskalis has secured its first floating wind transportation and installation contract. Cobra Wind International placed the order, covering five floating wind turbines for the Kincardine wind farm, 15 km (9.3 miles) offshore Aberdeen. The 9.525 MW-capacity turbines will be anchored to the seafloor…
Ørsted, the developer synonymous with offshore wind, will have a novel experience in 2021: all of the new power plants it completes will be onshore, and most will involve solar panels. Since building the world’s first offshore wind project 30 years ago off the…
DEME Offshore’s sister installation vessels Sea Installer and Sea Challenger have installed 94 turbines at Ørsted’s Borssele 1 & 2 wind farm in the Dutch North Sea. The first turbine was installed in April 2020, and less than five months later, the turbine installation…
Neptune Energy has announced installation is underway of the world’s longest heated subsea production pipeline in the Norwegian sector of the North Sea. Once completed, the 36 km electrically trace-heated (ETH) pipe-in-pipe solution will transport oil from the Neptune Energy-operated Fenja field to the…
Papua New Guinea is demanding a greater share of the country’s resource wealth, stepping up its battle with companies including Exxon Mobil Corporation and Barrick Gold Corporation. Prime Minister James Marape laid out in a statement to parliament on the 2nd September the efforts…
Norfolk County Council (NCC) has secured £6 million of funding to deliver an offshore energy operations and maintenance campus at the Port of Great Yarmouth. The site will be located at the entrance of River Yare and will have closer proximity to the Southern…
The consultation will examine how the UK can build back greener through marine renewable projects across the country. new consultation launched on how government can support marine energy projects, such as floating offshore wind farms, tidal stream and wave energy views invited on…
