Energy

Aramco, one of the world’s leading integrated energy and chemicals companies, has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy for $500 million. MidOcean Energy is a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors.

Baker Hughes announced Monday that it has been awarded a major contract, to be booked in the third quarter of 2023, to provide a modularized liquefied natural gas (LNG) system and power island. The contract was awarded under a master equipment supply agreement between Venture Global LNG and Baker Hughes for more than 100 million tons per annum (MTPA) of production capacity, which was expanded from 70 MTPA and recently announced during Gastech in Singapore.

Specialist drilling waste management company TWMA has secured a $100 million contract for a major sour gas development in Abu Dhabi.

ADIPEC 2023 will open its doors on Monday, October 2, gathering the global energy industry to advance decarbonizing today’s energy system and to collaborate on the energy system of tomorrow.

Ocean Winds, an international company dedicated to offshore wind energy, created as a 50-50 joint venture in 2020 by EDP Renewables and ENGIE, announces the sale of a 16.6% of its majority stake in its operating Moray East Offshore Wind Farm, to Equitix.

US Wind CEO Jeff Grybowski released a statement on the Bureau of Ocean Energy Management’s (BOEM) announcement that a Notice of Availability of the Draft Environmental Impact Statement (EIS) on US Wind’s Construction and Operations Plan will be published on October 6, 2023.

Consistent with the requirements of the Inflation Reduction Act (IRA) concerning offshore conventional and renewable energy leasing, the Department of the Interior releases the Proposed Final Program and Final Programmatic Environmental Impact Statement (EIS) for the 2024–2029 National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program).

Baker Hughes has received two awards from Vår Energi that expand its regional presence in the North Sea for exploration logging, well intervention technology and subsea production systems.

Tugdock has signed a Memorandum of Understanding (MoU) with Salamander Floating Offshore Wind Farm to collaborate on innovation for floating offshore wind energy in Scotland.

The Bureau of Ocean Energy Management (BOEM) is postponing Gulf of Mexico Outer Continental Shelf Oil and Gas Lease Sale 261.

Principle Power has expanded its WindFloat^® product portfolio to two fully industrialized products: the existing WindFloat tubular design—now called WindFloat T—and the new flat panel, pontoon-based solution, known as the WindFloat F.

White Cross Offshore Windfarm Limited, which is a joint venture between Cobra and Flotation Energy, has taken a significant step in the project’s development by submitting its onshore planning application to North Devon Council.