Germany's chemicals giant BASF and China's wind turbine developer Mingyang have agreed to jointly construct and operate an offshore wind farm in South China. For this, the duo has created a joint venture company, Mingyang BASF New Energy (Zhanjiang) Co…
A joint venture half-owned by Denmark's Orsted has agreed to sell the transmission assets of the Hornsea 2 wind farm offshore Britain to Diamond Transmission Partners Hornsea Two (DTP), the Danish energy group said on Friday. Orsted, which owns…
Africa-focused oil and gas company BowLeven said Friday that it had noted the recent movement in its share price and confirmed that it is unaware of any particular reason for the sudden increase.BowLeven's share price had reached 2.33 British Pence a share…
Guyana's Vice President Bharrat Jagdeo on Thursday said the government will not take action against a local Exxon Mobil Corp contractor after Reuters reported its owners are under a U.S. criminal investigation.Last Friday, Reuters disclosed that U…
Oil and gas company Kistos said Friday that its appeal against the Netherlands Ministry of Economic Affairs' decision not to extend the term of the M10/M11 offshore license had been successful.'This ruling is effective immediately and the licence is extended by five years…
Offshore drilling contractor Transocean said Wednesday it had recently secured contracts and contract extensions worth $1.2 billion in total.In its fleet status report, the company said that contracts had been secured for seven drilling rigs…
The British government said on Thursday it would cut the proportion of funds going to the royal family from the Crown Estate next year, after King Charles said he wanted bumper windfarm profits to go to the 'wider public good'. Each year, the…
Dutch firm SBM Offshore, one of the world's largest FPSO suppliers, has teamed up with Irish renewable energy firm DP Energy to pursue floating offshore wind energy opportunities off Nova Scotia with their now formalized new joint venture.The…
Bumi Armada's Armada Kraken FPSO, a production unit operating at EnQuest's Kraken offshore field in the UK North Sea, has increased operational performance following a shutdown in early June.As Offshore Engineer previously reported, the Armada…
UK-based CRP Subsea has recently won a 'major' contract from an unnamed 'leading energy technology company,' AIS, CRP's parent company, said this week.CRP Subsea will deliver 333 distributed buoyancy modules (DBMs) for a deepwater oil field project located in the pre-salt Santos Basin…
The United States announced the first offshore wind power development rights sale in the Gulf of Mexico on Thursday, which President Joe Biden will discuss during a trip to highlight the administration's efforts to boost renewable energy.In February…
1UK-based offshore well plug and abandonment company Well-Safe Solutions, best known for its services in the UK North Sea, is expanding into the Asia Pacific region with the appointment of Massimo Delia as General Manager of newly-created Well-Safe Solutions Pty Ltd…
An offshore oil spill near Ecuador's coast reached a popular beach on Wednesday, authorities said, while also showing up in nearby waters as one local official blamed 'human error' following a preliminary investigation into the incident. State oil company Petroecuador…
Oslo-listed oil and gas company BW Energy has started production from the third well of the Hibiscus / Ruche Phase 1 development in the Dussafu license offshore Gabon.'Well performance is in line with expectations, with current production at approximately 6…
Swedish utility Vattenfal said on Thursday it would stop development of its British Norfolk Boreas offshore wind project due to rising costs, and warned that Britain could struggle to meet its wind targets without improved incentives. The 1…