Norwegian offshore wind vessel owner Edda Wind has secured a one-year contract extension with Ørsted for its Edda Mistral vessel.Since its delivery in 2018, the Service Operation Vessel (SOV) Edda Mistral has been operating for Ørsted at the Hornsea 1 offshore wind farm in the United Kingdom…
Marine Power Systems is collaborating with cable manufacturer FibreMax to provide integrated floating foundation and tendon solutions to the growing floating offshore wind sector.The tendon solution will be used in the anchoring and moorings of Marine Power Systems tension leg platform (TLP)…
Specialty chemicals company Evonik has extended its cooperation with offshore wind farm developer EnBW and signed a second power purchase agreement from the planned “He Dreiht” offshore wind farm in the German North Sea.The two companies signed…
Romanian oil and gas group OMV Petrom is 'closer than ever' to starting construction of its Neptun Deep gas project, its chief executive said on Thursday of the Black Sea resources she says are key to the country's energy security. The company…
A new offshore wind tender that allows bidders to compete on their willingness to pay the German government rather than receiving subsidies could ultimately result in higher power prices, Ørsted's CEO said on Wednesday.Germany's federal network…
Beleaguered wind turbine maker Siemens Gamesa, soon to be delisted and folded into parent Siemens Energy, said on Thursday its first-quarter net loss more than doubled on higher warranty provisions as a result of faulty components. The net loss in the October-December period…
Norway's Equinor said European Union sanctions had prevented it from providing services and equipment to inspect the damaged Nord Stream gas pipelines last year, revealing for the first time why Norwegian assistance was not forthcoming.In September…
Shell delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which a surge in energy prices after Russia's invasion of Ukraine allowed it to hand shareholders unprecedented returns. The British company's record earnings…
A developer set to produce wind energy off the coast of Massachusetts has announced a name change. The company formerly known as Mayflower Wind said on Tuesday it has changed its name to SouthCoast Wind Energy LLC, to 'better reflect the company’s commitment to the people…
Offshore vessel operator Wagenborg Offshore said Tuesday it had secured a long-term deal with an unnamed energy major for the deployment of a multi-purpose offshore vessel.According to Wagenborg, the vessel will support subsea activities and decommissioning works in the Southern North Sea…
Italian energy group Eni is discussing with Norwegian private equity firm HitecVision a sale of a stake in its retail and renewables unit Plenitude, according to sources with knowledge of the talks.After freezing plans for an initial public…
Four Greenpeace activists on Tuesday boarded the heavy transportation vessel carrying Shell's Penguins FPSO aboard, calling on the oil major to 'Stop Drilling. Start Paying.'Six Greenpeace International activists attempted, and four managed…
Singapore's Keppel Offshore & Marine said Wednesday it was on track to deliver a 'mega' floating production, storage, and offloading vessel (FPSO) to SBM Offshore in the first quarter of 2023. This is the third FPSO that Keppel Shipyard is delivering…
WindServe Marine, a U.S. offshore wind support services company, has secured a loan from The Washington Trust Company, for the construction of three new 88-foot crew transfer vessels (CTV), recently commissioned by Ørsted, the largest offshore wind developer in the world…
Despite substantial revenues generated by high oil and gas prices in 2022, oil companies are being slow to reinvest and are instead focusing on returning value to shareholders and reducing debt, energy industry intelligence group Westwood said in its 2022 review of upstream oil and gas…