Norway, the world’s top market for subsea tie-back projects in coming years, is facing an inflation-driven cost increase of $6.5 billion on upcoming contract awards for goods and services in the offshore oil and gas industry through 2026, a Rystad Energy report reveals…
BP, Shell, and utility Iberdrola were among the winners of seabed rights to develop Scottish offshore wind projects, in an auction that raised nearly 700 million pounds ($958 million) for public spending.Competition for offshore wind sites has…
Norway-based offshore shipowner IWS Fleet said Monday that the first steel had been cut in China for its Construction Service Operation Vessel (CSOV).The steel cutting ceremony was held at the China Merchants Heavy Industry facility in Jiangsu…
Oil and gas company Lundin Energy has drilled a dry well at the Melstein prospect in the production licence 886, offshore Norway.The wildcat well has been drilled about 72 km east of the Ormen Lange field in the Norwegian Sea and 55 km northwest of Kristiansund…
Ørsted, Falck Renewables, and BlueFloat Energy have won the seabed rights off the northeast coast of Scotland to an up to 1GW floating offshore wind site. This will be Ørsted’s first large-scale floating wind development project anywhere in the world…
As part of Crown Estate Scotland's ScotWind seabed leasing round, the SSE Renewables-Marubeni-CIP partnership has secured rights to 858 square kilometers of seabed that will support the development of a new giant floating offshore wind farm offshore Scotland…
The Floating Energy Allyance, comprising of BW Ideol, Elicio, and BayWa r.e. has secured the rights to develop a floating offshore wind farm with an approximate capacity of 1GW off the northeast coast of Scotland through Crown Estate Scotland’s ScotWind leasing round…
BP and EnBW have been awarded a lease option off the east coast of Scotland to develop a major offshore wind project — to be named Morven. The award was made in the highly competitive ScotWind leasing round, the results of which were announced by Crown Estate Scotland today…
Dutch crane builder Huisman has signed a contract with South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) for the delivery of another 2,600mt Leg Encircling Crane (LEC). The deal follows a previous order, in July last year…
Norwegian oil and gas companies Vår Energi and Equinor have recently started a five-year helicopter-sharing agreement in the North Sea to reduce costs and environmental footprint of crew transport. The agreement for assigning helicopters took effect on January 1…
Norwind Offshore, a new offshore wind-focused ship-owning company recently established in Norway by Farstad, Volstad, and Kleven, will install Kongsberg equipment to its two new Commissioning Service Operations Vessels (CSOVs), to be built by VARD…
Norway's trade surplus rose to a new record in December, boosted by soaring prices for its natural gas exports, national statistics agency data showed on Monday.The December surplus hit 106 billion Norwegian crowns ($12.09 billion), beating a previous record of 84…
TotalEnergies and Inpex have agreed to sell their Angola Block 14 B.V. subsidiary to the Angolan Company Somoil for an undisclosed price.Angola Block 14 B.V., owned by TotalEnergies Holdings International B.V. (50.01%) and Inpex Angola Block 14 Ltd (49…
Danish offshore oil and gas drilling company Maersk Drilling and the Norwegian oil company Aker BP have entered into a rig swap agreement .Under the agreement, the jack-up rig Maersk Reacher will be replaced by the low-emission jack-up rig Maersk…
Vietnam's leading renewables firm Trung Nam Group has launched its first offshore wind farm amid the Southeast Asian country's drive for clean energy, the company said on Monday.The 5 trillion dong ($220.17 million) farm in the southern province…