The U.K. government has approved $1.27 billion for the next contracts for difference (Cfd) auction round, which is the biggest ever funding boost for its flagship renewables support scheme.The budget for the sixth CfD allocation round signals…
Spanish utility Iberdrola said on Thursday it is launching a bid to acquire the remaining 18.4% stake in its U.S. subsidiary Avangrid that it does not hold in a deal that would amount to about $2.49 billion.Iberdrola said it is offering $34…
Equinor and Polenergia have awarded a contract to RockWave for subsurface data reprocessing for Baltyk 1 offshore wind farm in Poland.The contract scope entrusted to RockWave for the 1.56 GW offshore wind farm involves the reprocessing of sparker…
Renewable energy industry supplier Ocean Geophysics has introduced an AI-driven boulder identification tool, which is expected to reduce development risk, time and cost for developers of offshore wind farms.Large, individual boulders as well as boulder fields with thousands…
UK-based Viaro Energy has received regulatory from the North Sea Transition Authority (NSTA) for the assignment in the Bressay oil field license, following the recently completed acquisition agreement with EnQuest. Under the terms of the sales and purchase agreement…
MacGregor, part of Cargotec, has received a large order for three cranes that will be installed onboard a new cable laying vessel (CLV) being built for Prysmian by shipbuilder Vard.MacGregor will deliver a 100-tonne active heave-compensated (AHC) crane…
The fabrication of a floating production storage and offloading (PFSO) for the Raia project in Brazil, operated by Equinor on behalf of the Raia project consortium, has officially started at Seatrium’s BrasFELS Shipyard.The strike steel ceremony…
Challenger Energy has, through its wholly-owned Uruguayan subsidiary CEG Uruguay, entered into farm-out agreement with Chevron for the 60% interest in the AREA OFF-1 block offshore Uruguay.As part of the agreement, Chevron will acquire a 60% participating interest in the AREA OFF-1 block…
Harland & Wolff Group has signed a five-year master services agreement for the fabrication of large structures with oil services company supplying subsea infrastructure for global oil and gas developments.Harland & Wolff has received its first…
Corio Generation, a Macquarie Group company, has deployed Light Detection and Ranging (LiDAR) systems for offshore wind projects in the Philippines.To support its development strategy, LiDARs have been installed in the vicinity of sites in Guimaras and Cavite…
Mitsui O.S.K. Lines (MOL) and Brazil’s state-owned energy giant Petrobras have signed a charter contract for cargo transfer vessel (CTV) SeaLoader 2, and agreed to start negotiations for a new CTV shipbuilding contract by the end of 2024.MOL signed the deal through its wholly owned subsidiary…
Danish offshore wind turbine maker Vestas is ready to deliver its 15 MW-rated turbine for Equinor's Empire Wind 1 scheme, following the successful rebid into New York’s fourth offshore wind solicitation.With a current conditional order in place for the 810 MW Empire Wind 1 project…
Copenhagen Infrastructure Partners (CIP) has signed preferred supply agreement with LS Cable for the supply of both offshore and onshore cables for the 500 MW offshore wind project in Taiwan.The scope of the contract awarded to Korea-based industrial…
TotalEnergies has signed, together with its partner QatarEnergy, an agreement to acquire participating interests in Block 3B/4B, offshore South Africa, from Africa Oil South Africa, Azinam - a wholly owned subsidiary of Eco Atlantic Oil and Gas - and Ricocure…
Perenco Rio del Rey, one of Perenco’s Cameroon subsidiaries, has started a five well development drilling campaign on the Kita Eden field, in the northern section of the Rio del Rey Basin, offshore Cameroon.As a result of its challenging shallow waters…
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