Seismic services company SeaBird Exploration has signed a letter of intent for a source vessel contract with an unnamed 'leading operator.'The company did not say where the vessel would be deployed exactly apart from saying it would be in the Western Hemisphere…
Spain plans to install floating wind turbines on the deep waters off its coasts with capacity to generate between 1 and 3 gigawatts of power by 2030, its Energy and Environment Ministry said on Wednesday.As part of a global shift away from carbon-emitting fossil fuels…
Offshore drilling firm Valaris has won a contract extension with Aramco in Saudi Arabia for one of its standard-duty modern jackup drilling rigs.The Saudi national oil company has elected to extend the charter of the VALARIS JU-140 jack-up by 183 days…
Argentina's government has launched a process to sanction a number of foreign firms it accuses of illegally drilling for oil in a disputed area near the British-run Falkland Islands, over which the South American country also claims sovereignty…
World's largest offshore wind developer Ørsted has submitted a bid to the Maryland authorities to develop Skipjack Wind 2, a proposed offshore wind project of up to 760 MW. The bid is in response to the Maryland Public Service Commission’s call for proposals for Round 2 offshore wind projects…
Norway will allocate 10 billion crowns ($1.16 billion) over five years towards renewable energy investments in developing countries to cut greenhouse gas emissions, the government said on Wednesday and urged private investors to work with it…
The cost of oil and gas decommissioning in the UK has decreased for the fourth year in a row since the cost was first estimated in 2017, when the Oil and Gas Authority set a target of a 35 percent cost reduction, with the goal of reducing the…
Brazilian offshore drilling contractor Constellation has signed a long-term offshore drilling contract with Petrobras.The contract is for Constellation's Laguna Star drillship. The drillship will begin its 1,095-day charter offshore Brazil in January 2022…
Two offshore wind manufacturers will invest more than 180 million pounds ($249 million) in an offshore wind hub on the northeast coast of England, and get funding from a state-backed scheme, the British government said on Wednesday.In March…
Oilfield services company McDermott has won a contract to deliver subsea systems for Santos' Bayu Undan field in the Timor Sea.The contract is for a Subsea, Engineering, Procurement, Construction and Installation (EPCI) of equipment at the Bayu-Undan Infill Well Phase 3C Project…
Scottish tidal energy technology company Sustainable Marine said Wednesday its new turbine rotors have proven they can survive for two decades in the field, following rigorous tests at a marine energy center in Ireland.The company teamed up…
Malaysia's state oil firm Petronas has signed a 10-year liquefied natural gas (LNG) supply agreement with a subsidiary of China's offshore oil and gas major CNOOC Ltd valued at about $7 billion, the firm said on Wednesday.Petronas, or Petroliam Nasional Berhad…
Norway's Kongsberg Maritime has secured contracts with Chinese shipbuilder COSCO Shipping (Qidong) Offshore for the delivery of its Wind Turbine Installation Vessel (WTIV) technology.Under the deal worth 49 million euros (around $58 million)…
Oslo-listed floating wind tech developer BW Ideol has signed a deal with Japan's largest oil refiner Eneos to develop a site-specificcommercial-scale floating offshore wind farm off Japan.The floating wind farm would be based on BW Ideol's patented Damping Pool technology…
Royal Dutch Shell on Wednesday said it would boost its returns to shareholders via share buybacks or dividends after a sharp rise in oil and gas prices helped it reduce debt.It will increase its distribution to shareholders to 20% to 30% of cash flow from operations beginning in the second quarter…
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