Energy

Aquaterra Energy, a leader in global offshore engineering solutions, has secured a significant agreement from Chevron, through its wholly owned subsidiary in Angola, Cabinda Gulf Oil Company Limited (CABGOC), to design and support installation of a Sea Swift offshore platform solution off the coast of Angola.

Equinor has launched a new climate roadmap aiming to ensure a competitive and resilient business model in the energy transition, fit for long term value creation and in line with the Paris Agreement.

As the UK leaves the EU, ripple effects will be felt throughout the UK economy. For the oil and gas industry, changes will occur but the impact of Brexit is unlikely to hamper the strong industry ties that currently exist between the UK and the EU, says GlobalData, a leading data and analytics company.

Van Oord and Saare Wind Energy have agreed to combine their forces and mutually develop the Saaremaa offshore wind farm. Saare Wind Energy is an Estonian developer involved in developing the offshore wind farm, covering 154 square kilometers, south-west of the Estonian island Saaremaa.

Equinor has, on behalf of the partners ExxonMobil and Petrogal Brasil entered into Front End Engineering and Design (FEED) contracts with early commitments and pre-investments for phase 1 of the Bacalhau (formerly Carcará) area in Brazil. Contractors have been selected for both the SURF (Subsea, Umbilical, Risers and Flowlines) and the FPSO (Floating Production, Storage and Offloading) contracts.

The International Association of Oil & Gas Producers (IOGP), the American Petroleum Institute (API) and the Asociación Mexicana de Empresas de Hidrocarburos (AMEXHI) have signed a Memorandum of Understanding (MOU) formalizing their mutual cooperation to strengthen their working relationship and joint efforts to help advance operational performance across North America operation.

The U.S. Offshore Wind Roundtable Discussion brings stakeholders together for dialogue on the supply chain capabilities and the present state of the U.S. offshore wind market.

Ørsted, a global leader in offshore wind development, has announced the opening of its United States Innovation Hub in Providence, Rhode Island. The Innovation Hub will be located in the CIC Providence workspace and will officially open early spring 2020.

According to fresh research by Rystad Energy, installed offshore wind capacity in US waters could reach 20 gigawatts (GW) by 2030 and annual investments in the sector could surpass $15 billion by the mid-2020s. Such a trajectory means capital expenditure in US offshore wind will likely exceed those in US offshore oil and gas within the next five years – a truly remarkable development.

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DecomWorld – part of Reuters Events- has announced additions to the industry leading speaker faculty for their flagship Decommissioning and Abandonment Summit 2020.

The technology group Wärtsilä has introduced an agreement-based Power Solution for new normally unattended offshore installations (NUIs).