offshore

Awards are expected to recover to seven vessels next year. Over the past 10 years, only 2016 saw a lower level of activity when not a single FPSO contract was awarded.

The joint oil field had been offline since 2015, due to an operational dispute.

Apache, Qatar, and Shell clinch best discovery, best new venturer, and energy transition leader.

Despite the global downturn, the long-term transition to net zero presents a major opportunity to create new multibillion industries based around the North Sea. Cross-sector collaboration and major state/private sector intervention, together with strong leadership, will be key.

The Hydrogen Offshore Production project identifies an alternative to decommissioning by providing reuse options for offshore infrastructure. It aims to prove the feasibility of decentralized hydrogen generation, storage, and distribution to provide a bulk hydrogen solution.

Poland state officials said the terminal expansion is crucial to strengthening the country’s energy security by increasing its capacity to receive LNG and gas from European countries and decreasing its dependence on Russia.

The vessel is capable of operating as both an FSRU and a fully tradable LNG carrier.

With contracts canceled and pressures mounting, offshore oil drillers struggle to stay afloat.

The UK’s offshore oil and gas industry has committed to halving operational emissions in the next decade, confirming its pathway to becoming a net-zero emissions basin by 2050.

Potential suitors to acquire Chevron’s stake in the LNG project include co-owner and operator Woodside.