Singapore-based offshore contractor Seatrium has received a termination of the $475 million contract for the construction of a Wind Turbine Installation Vessel (WTIV) that was set for deployment at Equinor's Empire Wind 1 offshore wind farm in the United States…
Greece is working hard to finalize a contract with U.S. oil major Chevron and its Greek partner Helleniq Energy for energy exploration offshore Greece by the end of the year, the country's energy minister said on Friday.Chevron and Greece's…
Orsted, the world's biggest offshore wind farm developer, will cut about 2,000 jobs by the end of 2027, a quarter of its workforce, and will focus more on Europe after setbacks in the U.S.Orsted expanded rapidly over the past decade, but more…
The Norwegian Ocean Industry Authority (Havtil) has granted OKEA a consent to use Deepsea Yantai semi-submersible rig for production drilling on the Draugen field in the Norwegian Sea.Draugen is a field in the southern part of the Norwegian Sea…
Austrian manufacturer of hydraulic lifting and handling systems for marine applications Palfinger Marine has started delivering nacelle cranes for 15 MW offshore wind turbines being built by Danish firm Vestas.As a key supplier of nacelle cranes for Vestas…
Oil and gas company Sintana Energy has agreed to acquire Challenger Energy, which holds interest in two blocks offshore Uruguay as well as other assets in broader region.The all-share transaction, valued at about $60 million, will create a combined…
BP has put its Murlach field in the U.K. North Sea into production, marking its sixth major project start-up in 2025.The two-well subsea tieback at Murlach adds a peak net production of around 15,000 boed to the BP-operated Eastern Trough Area Project (ETAP) in the central North Sea…
Lithuania’s National Energy Regulatory Council (NERC) has announced that the second offshore wind tender, which targeted the development 700 MW of offshore wind capacity in the Baltic Sea, failed as it attracted only one bid.NERC informed that…
Engineering firm SeaThor has started testing its dynamic cable protection system CableSpring, designed for subsea cables that connect floating offshore wind turbines to the grid, at Falmouth Harbour’s test site for offshore renewables FaBTest…
Bureau Veritas Marine & Offshore (BV) has issued a certification for the recently inaugurated 25 MW Provence Grand Large floating offshore wind project, developed and owned by EDF Power Solutions, Enbridge and CPP Investments.BV has been involved in Provence Grand Large project journey since 2017…
Ignitis Group, a Lithuanian state-owned energy holding company, has submitted a bid for the rights to develop at least 700 MW of offshore wind capacity in the Baltic Sea, as part of Lithuanian state-backed auction.Ignitis Group participated in the tender through ‘Ignitis renewables projektai 5’…
U.K.-based oil and gas firm Serica Energy has decreased its annual production forecast following the temporary suspension of operations at Triton floating production, storage and offloading (FPSO) unit due to technical issues.Serica Energy informed that he production from the Triton FPSO…
ACUA Ocean has secured a European Space Agency (ESA) contract, supported by the UK Space Agency, to further advance its ‘nested robotic’ system for subsea inspection.The project will accelerate ACUA0’s development of Pioneer-class autonomous…
Danish offshore wind developer Orsted said on Monday it raised 59.56 billion Danish crowns ($9.35 billion) in a heavily discounted share issue, shoring up finances as Trump administration opposition has caused uncertainty for its U.S. projects…
Fred. Olsen 1848 has unveiled the Tension Buoy, an adaptive mooring technology designed to overcome one of the main challenges of deploying floating solar on water bodies with large water level variations.Pairing floating solar with hydropower…