Japan's Mitsubishi Corp is confident that the three offshore wind farms it won last year in auctions will be profitable despite the low feed-in tariff prices it bid, the head of its energy solutions unit said on Thursday.The Japanese government on Dec…
Offshore helicopter operator CHC's acquisition of Babcock's oil and gas aviation business has raised competition concerns in the UK.Following an in-depth Phase 2 investigation of the completed acquisition, the UK Competition and Markets Authority…
LM Wind Power, a subsidiary of wind turbine maker GE Renewable Energy, has made what is said to be the world’s largest, fully recyclable, thermoplastic wind turbine blade. The 62-meter blade was made at LM Wind Power plant in Ponferrada, Spain…
The Offshore Technology Conference (OTC), to be held in Houston between May 2–5, 2022, announced today the winners of the 2022 Spotlight on New Technology Award. 'This prestigious award is presented to OTC exhibitors who are revolutionizing…
Japan's NYK said Thursday its new crew transfer vessel (CTV) Energizer had started its charter with Northern Offshore Services AS (NOS), a subsidiary of the Sweden-based Northern Offshore Group AB (NOG).The CTV, which will be used to service offshore wind farms…
Russian gas deliveries to Europe via the Nord Stream 1 pipeline declined from normal levels on Thursday but were in line with requests for gas, while the Yamal-Europe pipeline remained in reverse mode for a third consecutive day.Flows to Germany…
UK-based subsea battery specialist Verlume, formerly known as EC-OG, said Thursday it had joined with consortium partners to progress the development of an autonomous underwater robot that moves like a fish to enable efficient offshore inspection regimes in harsh and hard-to-reach environments…
The Renewables Infrastructure Group (TRIG) has acquired a 7.8% stake in the huge Hornsea One wind farm located off England's Yorkshire coast, it said on Thursday.TRIG bought the stake from Global Infrastructure Partners for an undisclosed sum…
Offshore installation company Heerema Marine Contractors said Thursday that its largest semi-submersible crane vessels, Sleipnir and Thialf, recently switched from using their engines to using Shore Power in the Port of Rotterdam.'The successful…
UK-based oil and gas company Serica Energy has resumed production from its Rhum gas field in the UK North Sea, following a shutdown in February.As previously reported, Serica on February 28 said it had paused production from the Rhum gas field…
Equinor is looking at further options to increase gas production from its fields off Norway in the short term after receiving a permit to produce more from the Oseberg, Troll, and Heidrun fields, a senior executive said on Wednesday.'We're looking into several other options…
Harbour Energy, the British North Sea's biggest oil and gas producer, reported on Thursday free cash flow of $678 million for 2021 in its first full-year results after its merger with Premier Oil, up from a pro-forma $562 million in 2020.It forecast that…
Seajacks UK Limited, a provider of installation and maintenance vessels to the offshore wind sector, and a subsidiary of Eneti, has secured a contract in NW Europe.Eneti said Tuesday that the contract was with a global original equipment manufacturer…
Norwegian oil and gas company Aker BP has awarded Italy's Saipem an offshore drilling contract worth $325 million.Saipem said Thursday the operations under the three-year contract, to be carried out by the Scarabeo 8 semi-submersible drilling rig…
Spanish authorities on Wednesday detained a mega-yacht called 'Crescent' that is believed to belong to Igor Sechin, the sanctioned chief executive of Russian oil giant Rosneft, a police source told Reuters.The 135-metre-long yacht, described…
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