China National Offshore Oil Corporation (CNOOC) announced that construction has started on a carbon capture, utilisation and storage (CCUS) project at the Dongfang 1-1 gas field in south China's Hainan Province.
bp has announced a gas and condensate discovery offshore Egypt following the drilling of the Denise W-1 exploration well in the Temsah Concession, located in the Eastern Mediterranean.
Tekmar Group, a provider of asset protection technology and offshore energy services, has secured two contracts with a combined value of £2 million ($2.7 million for an offshore wind farm project in Japan.
INTECH has secured a project to strengthen OT cybersecurity infrastructure across offshore production facilities associated with one of the large offshore oil fields in the Middle East.
TotalEnergies has signed settlement agreements with the US Department of the Interior (DOI) to relinquish its Carolina Long Bay lease (Lease OCS-A 0545) and its New York Bight lease (Lease OCS-A 0538), both awarded in 2022, along with its partners. As a result, TotalEnergies will no longer develop offshore wind projects in the US.
Developments in the offshore energy sector are highlighting the important role of offshore support vessels as the industry moves toward innovation, sustainability, and renewable energy.
TotalEnergies has signed agreements to acquire a 42.5 per cent operated interest in PEL104 Exploration license, located offshore Namibia, from Eight Offshore Investments Holdings (“Eight”) and Maravilla Oil & Gas. Located in the Lüderitz basin, PEL104 license covers an area of around 11,000 km2 offshore Namibia.
Progress on the BorWin6 Project advances with the completion of a fabrication yard in Jebel Ali, UAE. Mammoet has handled the transport, loadout, and mooring of the 5,461-tonne offshore jacket foundation, which will support the BorWin6 offshore converter platform, BorWin kappa, in the German North Sea.
McDermott has secured a decommissioning definition engineering contract from QatarEnergy for Qatar’s first offshore decommissioning project, developing technical and commercial frameworks and conducting studies to enable the safe, systematic removal of 27 aging offshore platforms.
State-owned Kuwait Petroleum Corporation (KPC) plans to invite foreign companies to help develop recent offshore discoveries, as Kuwait looks to accelerate production and apply advanced technologies offshore, according to a Reuters report.
