Tidal stream energy could plummet below £80 per MWh by 2035 if current opportunity is realized, according to a recent report by the UK-based Offshore Renewable Energy (ORE) Catapult.The report ‘Cost Reduction Pathway of Tidal Stream Energy in the UK and France’ report…
BayWa r.e. said Monday it had submitted a permit application for what it said would be the world’s first subsidy-free commercial floating offshore wind project off the Portuguese Coast.'BayWa r.e. is now entering the decisive phase of the official…
Oil output at the giant Exxon-led Sakhalin-1 Russian Pacific project collapsed following the U.S. major's refusal to accept local insurance for tankers after Western insurers pulled out due to sanctions, several industry sources told Reuters…
The Norwegian Petroleum Directorate said that, in the near future, a number of companies on the Norwegian Continental Shelf, including oil companies, software suppliers, and seismic companies, are going to be contacted by Troika International regarding updates to seismic data reporting…
Spanish firm Acciona Construction has chosen two of BlueNewables' technologies: the TLP, CT-bos, and the semi-submersible, S-bos, to be added to its foundations and platforms for offshore wind.'BlueNewables has achieved an important milestone…
Norway's Equinor considering buying oilfields in the British North Sea from China's CNOOC, including a big stake in the huge Buzzard oilfield, two industry sources told Reuters on Monday. The deal is valued at between 20 billion and 30 billion Norwegian crowns ($1…
UK-based survival technology solutions provider Survitec has appointed Robert Steen Kledal as the company’s new Chief Executive Officer (CEO).'As CEO, Robert will be responsible for setting Survitec’s strategic direction. He will lead the Survitec Executive team and sit on the Survitec Board…
Offshore installation firm DEME Offshore has signed a contract with Sequalize to deploy its HC1100 active heave compensator on the first commercial scale wind farm installation project in the USA, Vineyard Wind, to transfer wind turbine components to and from heaving supply vessels…
Norway-based Wind Catching Systems, a company behind the design of a multi-turbine floating wind platform, said Monday it had received a technology development grant of NOK 22 million (USD 2.1 million) from the Norwegian government agency Enova…
Prosafe, a company offering offshore accommodation services for oil and gas clients, said Saturday it had submitted the most competitive offer in a bidding process for a 650-day contract with the Brazilian oil and gas company Petrobras. The contract value is approximately USD 73 million…
The Lebanese army said on Sunday that Israeli gunboats violated Lebanese territorial waters several times on Saturday in an area opposite Ras Naqura near the border between the two countries, an accusation Israel denied.The statement said there…
East Mediterranean gas reserves can help ease Europe's energy crunch but require funding from institutions like the European Bank for Reconstruction and Development and the European Investment Bank to realise the area's full potential, an official said on Friday…
Petroecuador expects to soon award a contract to expand production from the country's vast Amistad offshore gas field, the Ecuadorean state oil firm company said late on Thursday. Following failed previous attempts to find an investor, Petroecuador…
The Dutch FPSO leasing specialist SBM Offshore said Friday the construction of the topside modules had kicked off in Singapore for one of the company's largest-ever FPSO units, the One Guyana FPSO.'During September this year, two steel strike…
Norway police on Friday investigated reports of a drone flying over the Kaarstoe [Kårstø] gas plant in southwest Norway on Thursday, while in Arctic Norway a Russian-Israeli citizen was arrested when police found two drones in his car.The Norwegian…
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