Upstream

This post was originally published on this siteSurprise new cuts to the OPEC+ group’s output targets could push oil prices towards $100 a barrel, setting the scene for another clash with the West grappling with higher interest rates…

This post was originally published on this siteWintershall Dea has wrapped up the acquisition of 37% non-operated stake in the oil producing Hokchi Block offshore Mexico. Currently, the Hokchi Block has a production capacity of about 27,000 barrels of oil equivalent per day gross after starting production in May 2020. Located in Mexico’s Sureste Basin,

This post was originally published on this siteQatarEnergy has agreed to acquire a 40% stake in the C-10 block located offshore Mauritania from Shell for an undisclosed sum. Under the terms of the agreement, QatarEnergy will hold a 40% interest in the Exploration and Production Agreement pertaining to the C-10 block. Shell will operate the

This post was originally published on this siteDanish offshore wind turbine maker Vestas said Monday that its most powerful wind turbine, the V236-15.0 MW prototype, stretching 280 meters into the air, had reached 15 MW nominal power rating…

This post was originally published on this siteSingapore-based shipbuilder Sembcorp Marine is proposing to change its name to Seatrium Limited. The move […] The post Sembcorp Marine to rebrand as Seatrium appeared first on Offshore Energy.

This post was originally published on this siteSingapore-based Sembcorp Marine said Monday it was proposing to change its name from “Sembcorp Marine Ltd” to “Seatrium Limited.’This follows the completion of the…

This post was originally published on this siteEco Wave Power has entered into an official power purchase agreement (PPA) with the Israeli National Electric Company (IEC) for the newly installed wave energy project at the Port of Jaffa in Tel Aviv. The post Eco Wave Power signs Israel’s first ever PPA for wave energy appeared

This post was originally published on this siteBaker Hughes has received an order from QatarEnergy to supply two main refrigerant compressors […] The post Baker Hughes scores ‘major LNG order’ for QatarEnergy’s NFS project appeared first on Offshore Energy.

This post was originally published on this siteDutch FPSO leasing firm SBM Offshore has signed the project financing of FPSO Almirante Tamandaré for a total of  $1.63 billion.The Dutch company in July 2021 signed…

This post was originally published on this siteDutch FPSO leasing firm SBM Offshore has signed the project financing of FPSO Almirante Tamandaré for a total of  $1.63 billion.The Dutch company in July 2021 signed…