Britain's Octopus Energy said on Friday that its renewables investing arm had launched a dedicated fund with Japan's Tokyo Gas to invest 3 billion pounds ($3.7 billion) in offshore wind projects by 2030.The Octopus Energy Offshore Wind fund…
Offshore wind developer Parkwind said Thursday that it had installed the final three turbines of its 27-turbine Arcadis Ost 1 offshore wind farm, marking the first time that turbines at a commercial fixed-bottom wind farm were installed using a floating vessel and not a jack-up unit…
Energy Transfer LP has entered into a non-binding Heads of Agreement (HOA) with TotalEnergies related to term crude oil offtake from its proposed Blue Marlin Offshore Port for 4 million barrels per month. The HOA is subject to the negotiation…
The American Bureau of Shipping has awarded an approval in principle (AIP) to Malaysian floating production firm Bumi Armada for a floating liquefied natural gas (FLNG) infrastructure design. The new concept incorporates a barge-based liquefaction…
Corinth Pipeworks, as a subcontractor of Sumitomo Corporation Europe, has won a contract to manufacture and supply approximately 160km of longitudinally submerged arc-welded steel pipes (LSAW) for the development of an offshore natural gas pipeline…
Japanese FPSO leasing firm MODEC said Thursday that the first steel-cutting ceremony for the Guyana-bound FPSO Errea Wittu had been held in China.MODEC secured its first order to supply an FPSO to Guyana in May 2023. The order came from an ExxonMobil…
Vitol, the world's largest independent oil trader, has provisionally chartered a supertanker to load oil from Venezuela for China, according to two shipbrokers and data from shiptracking firms Kpler and Vortexa.The Very Large Crude Carrier Gustavia S…
Venezuela's state-run oil company PDVSA is offering to sell up to 1 million barrels of Corocoro crude through an intermediary, sources said on Wednesday, which could become the first sale of that grade in two years.Since Washington temporarily eased oil sanctions on the country last month…
Corvus Energy, a Norway-based provider of battery energy storage solutions and fuel cell systems for the marine sector, has been awarded a Type Approval from DNV for its Cyber Security Notation on the Control and Monitoring System of Corvus Energy's Orca Energy Storage System (ESS)…
Danish offshore energy industry service provider Semco Maritime has been awarded a balance-of-plant service contract covering operations andmaintenance on the offshore wind farm Butendiek located in the North Sea around 32 kilometers from the Island of Sylt near the German-Danish border…
Ignitis Renewables has awarded offshore survey firm Fugro a contract to conduct a geophysical survey at Lithuania's first offshore wind farm site. 'This critical step in the project's development aims to enhance the understanding of seabed conditions…
Norwegian oil and gas companies plan to invest more in 2023 and 2024 than previously thought as inflation drives up the cost of field developments, a national statistics office (SSB) survey showed on Thursday.The country's biggest business sector…
Norwegian offshore drilling firm Odfjell Drilling said Thursday that Equinor had exercised options for seven wells to extend the use of its Deepsea Aberdeen offshore drilling rig on the Breidablikk field in the North Sea, offshore Norway.The…
Seven groups of energy companies have sought pre-qualification for Norway's first commercial offshore wind farm tender, the government said on Wednesday, while several others dropped out of the race as soaring costs dampened interest.The tender…
The Chief Executive of French energy giant TotalEnergies TTEF.PA said on Tuesday that the liquefied natural gas (LNG) market will continue to experience volatility until new supply is available, but prices are reasonable compared to 2022.'Prices are volatile…