NYK and Northern Offshore Group AB (NOG) signed a Memorandum of Understanding (MoU) for a crew transfer vessel (CSV) project linked to offshore wind power generation in Japan. The two companies will begin the joint project aiming to contribute to the success of offshore wind projects in Japan.
The Norwegian Petroleum Directorate issued its December 2019 figures, showing an average daily production of 2,082,000 barrels of oil, NGL and condensate, which is an increase of 95,000 barrels per day compared to November.
The UK offshore industry should commit to clear measurable greenhouse gas targets, with real progress on methane, was the key message of the Chairman of the Oil and Gas Authority (OGA) while addressing a group of senior industry leaders in Aberdeen on 15 January.
The Scottish Government and Crown Estate Scotland have reached an agreement aiming to increase the number of offshore wind contracts staying in Scotland. Under the deal, offshore wind developers will have to agree on supply-chain commitments when applying for offshore wind leases.
DNV GL recently published a report focusing on the offshore sector and the aspects of it, providing an insight into all fields of the sector, from the offshore regulations that have been implemented, to the future of turbine technology, reporting that the growth of the sector depends on 12 key factors which influence the adoption of offshore wind.
The Canadian offshore regulator, the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB), recently informed that Suncor Energy has been given a safety order following an investigation of an incident on the Terra Nova FPSO.
Noble Energy, Inc. (Noble Energy) provided an update on the startup of the Leviathan natural gas field, offshore Israel. First gas sales from Leviathan commenced on December 31, 2019.
The University of Southampton launched a study presenting a number of sites in Europe which contain gas hydrate, including areas off the west coast of Greenland, around Svalbard, off central Norway and west of Ireland.
The shipping lines Nippon Yusen Kaisha (NYK) along with the European expert in the wind power, Van Oord shake their hands and inked a MoU in order to jointly own and operate offshore wind installation vessels under the Japanese flag. Specifically, both sides goal to begin operations using a jack up vessel in Japan until 2022, the earliest.
2019 was another strong year for offshore exploration and production companies, as free cash flow remained strong and telltale signs have emerged that we are entering a new offshore investment cycle, research firm Rystad Energy said.
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