Construction of the 16.8 megawatt Goto floating wind farm in Japan is expected to start in September 2022, with the commercial operations scheduler to begin in January 2024.A a sole bidder, the Japanese Goto Floating Wind Farm consortium, in June 2021…
Oil and gas company Empyrean Energy said Wednesday that its Jade offshore well in China, for which the company had high hopes, had reached total depth without encountering hydrocarbons.After years of preparations, the company started drilling…
Norway's Vår Energi raised its annual dividend and posted a sharp rise in first-quarter profit on Wednesday, aided by a surge in oil and gas prices following Russia's invasion of Ukraine.Vår Energi, majority-owned by Italy's Eni, reported a pretax profit of $1…
Exxon Mobil Corp on Tuesday said it found oil in three new wells drilled off the coast of Guyana, raising recoverable oil and gas potential from its discoveries to nearly 11 billion barrels.The discoveries continue a run of exploration successes that date to 2015…
DNV has presented Wison Offshore & Marine (WOM) with a Verification Letter for its 'w.semi' floating wind foundation. The Verification Letter demonstrates the technical feasibility and commercial readiness of the technology.Wison Offshore & Marine's 'w…
U.S.-based offshore wind crew transfer vessel company WINDEA CTV has started construction of three 30-meter hybrid-ready CTVs. Two of the Incat Crowther-designed CTVs will be constructed at St. Johns Ship Building in Palatka, Fla. and one will be built at Gulf Craft in Franklin…
Oil demand could peak as soon as 2025, as the energy transition continues to gain steam and as electric vehicle adoption increases, McKinsey & Company said in a new report.Christer Tryggestad, a Senior Partner at McKinsey, says: “In the past few years…
Offshore energy services company Seajacks UK, a subsidiary of Eneti, has secured new contracts in the UK North Sea.Eneti said Tuesday that Seajacks had signed a new contract with a UK-based utility for one of its NG2500X-class vessels to support…
McDermott International has said it has joined a group of industry experts focused on unlocking the potential for a hydrogen-led energy hub located at Bacton, Norfolk, UK. The UK North Sea Transition Authority (NSTA), previously known as the Oil and Gas Authority…
Louisiana-based offshore support vessel owner Guice Offshore (GO) has expanded its fleet with three new vessels, including another 170 ft. DP1 multi-purpose vessel and two 205 ft. DP2 platform support vessels.The vessels will operate as GO Explorer (170 ft…
Norwegian oil and gas company Equinor and Applied Petroleum Technology (APT) have partnered up in a research and development project that aims to replace expensive downhole sampling and logging with more cost-efficient solutions.Helge Nyrønning…
U-Ming Marine Offshore Company Limited (UMO) has acquired two secondhand crew transfer vessels (CTVs) and completed their reflagging.The company, a joint venture between U-Ming Marine Transport Corporation and World Marine Offshore A/S, said the vessels…
Australia's Woodside Petroleum reported a more than twofold jump in quarterly revenue on Tuesday, buoyed by rising oil and gas prices, and it expects to benefit in the longer term from energy security fears due to Russia's invasion of Ukraine…
Shell has decided to withdraw from the North Sea licenses containing the Resolution and Endeavour gas discoveries, Egdon, its partner in the licenses, said Tuesday.'Egdon Resources advises that Shell U.K. Limited has informed Egdon and the North…
A six-legged robot has demonstrated how it can inspect wind turbine bolts autonomously, removing the need for technicians to loosen and retighten thousands of bolts per wind turbine as part of routine maintenance.Funded by Innovate UK and executed…