The Irish government on Thursday set out climate targets for key sectors of the economy it said were needed to cut greenhouse gas emissions by 51% by 2030, a plan it said will require around 125 billion euros ($144 billion) of private and public investment…
A top U.S. official on Thursday challenged nations to join the United States in setting aggressive goals to expand electricity production from offshore wind.Interior Secretary Deb Haaland issued the call during an appearance at the United Nations climate change conference in Glasgow…
Subsea cable protection specialist Tekmar has said it has delivered the final batch of Cable Protection Systems (CPS) for Ørsted's Hornsea Two offshore wind farm in the UK.'Tekmar supplied over 340 export and array CPS in total. All systems were delivered to schedule and budget…
Floating wind technology developer BW Ideol said Thursday that its planned offshore floating wind pilot project in California had progressed to the environmental assessment stage.The company said this was the next milestone in a permitting process…
Scotland-based oil and gas company Cairn Energy has announced plans to change its company name from Cairn Energy to Capricorn Energy. The change is expected to take effect from December 13, 2021. The LSE stock ticker will remain as CNE.'This…
Velesto Drilling, a Malaysia-based offshore drilling company, has ordered two Chela cranes from NOV's Gusto MSC, to be installed on a jack-up drilling rig.NOV said that the deal marked the first two orders for the 'new and cost-competitive version' of the Crane - the Chela Twins…
Offshore Wind Consultants (OWC), a subsidiary of AqualisBraemar LOC, has said it has secured a large contract to provide engineering services for an offshore wind development project on the UKCS. AqualisBraemar LOC defines a large contract as between $4 million and $7 million…
Norwegian offshore vessel owner Siem Offshore has secured more work for its vessels Siem Stingray and Siem Spearfish.GE Renewable Energy has exercised the remaining options for Siem Offshore's construction vessel Siem Stingray. The contract…
Offshore wind installation contractor Cadeler said it has secured a preferred supplier agreement with an undisclosed client for the transport and installation of next-generation wind turbines.The final contract value has been estimated at over 45 million euros ($52 million)…
Oil and gas company Energean expects to bring online its Karish field offshore Israel next year, with the associated FPSO construction nearly complete in Singapore.While Energean said Wednesday the gas production start-up from the Mediterranean Sea gas field „remains on track“ for mid-2022…
Norwegian marine seismic data acquisition company PGS has started a multiclient 3D survey in the Sarawak Basin, Malaysia.The survey is being carried out on behalf of the seismic consortium comprising PGS, TGS, and WesternGeco, using the Ramform Sovereign vessel…
UK-based energy firm SSE Renewables has informed that marshalling operations for wind turbine parts are underway at Able Seaton Port in Hartlepool for what will be Scotland’s biggest, and the world’s deepest fixed bottom offshore wind farm – Seagreen…
Denmark's Ørsted on Wednesday reported third-quarter operating profit slightly below expectations as it said low wind speeds continued to hit earnings.'In most of Q3, we continued to see lower than normal wind speeds, which had an adverse impact on earnings from renewable assets in operation…
Vestas slashed its 2021 outlook for a second time this year in response to higher costs and supply constraints, sending its shares tumbling as much as 14% as the world's largest maker of wind turbines posted forecast-lagging quarterly profit…
Offshore installation and construction company McDermott has signed a memorandum of understanding with Shell Eastern Petroleum Pte Ltd (Shell), a subsidiary of Shell, to collaborate on decarbonizing construction. 'The agreement enables McDermott and Shell to explore opportunities for reducing…