Britain's Harbour Energy HBR.L on Thursday agreed to acquire Wintershall Dea's non-Russian oil and gas assets in a $11.2 billion share and cash deal with BASF and LetterOne that creates one of the world's largest independent producers.London-listed Harbour…
Offshore drilling company Valaris has taken delivery of newbuild drillships VALARIS DS-13 and DS-14 for an aggregate purchase price of approximately $337 million.VALARIS DS-13 and DS-14 will be mobilized from South Korea to Las Palmas in Spain…
Dutch company SolarDuck has secured $16.4 million from existing and new investors for the development and deployment of its offshore solar technology.The funding has been provided by Katapult Ocean, Green Tower, Energy Transition Fund Rotterdam and Invest-NL…
European Union’s Horizon program has approved a $4.4 million grant for SHY project, which will develop a new power take-off (PTO) system with advanced control strategy, aimed at reducing the cost of wave energy.SHY project, short for Seawater…
Dutch offshore survey firm Fugro has reached an agreement to acquire two platform supply vessels (PSVs), Sea Goldcrest and Sea Gull, which will be converted to geotechnical vessels to address the needs of growing offshore wind sector.The addition of the Sea Goldcrest and Sea Gull…
Danish company Vestas and Swedish utility Vattenfall have signed a 1.4 GW preferred supplier agreement for UK offshore wind project, with exclusivity agreements for two additional 2.8 GW projects in the country.The agreements for the three projects…
Vard, a Norwegian subsidiary of the Fincantieri Group, has signed a contract for the design and construction of a cable-laying vessel for Prysmian Group valued at $250 million.This is the third cable-laying vessel Vard is building for Prysmian Group after vessels Monna Lisa…
Orsted said on Wednesday it had made a final investment decision on the Hornsea 3 project off Britain's coast, indicating it will proceed with what will become the world's largest offshore wind farm.The project, which will have capacity to power more than 3…
The WECHULL+ project, co-ordinated by RISE Research Institutes of Sweden, has received a $2.7 million grant from the European Union to develop novel floating structures based on high-performance concrete for offshore renewable energy sector…
Gazelle Wind Power and Tugdock have signed a memorandum of understanding to co-develop a modular offshore wind assembly system which could drive down costs and increase production of floating offshore wind farms.The first project for the new partnership will be Italy’s largest offshore wind farm…
Global oil benchmark Brent topped $80 a barrel on Wednesday amid jitters over global trade disruption and geopolitical tensions in the Middle East following attacks on ships by Yemen's Iran-aligned Houthi forces in the Red Sea.Brent crude futures LCOc1 rose 89 cents…
Van Oord has completed the installation of all 50 foundations and inter-array cables for Baltic Eagle offshore wind farm, located offshore Germany.Earlier in 2023, heavy-lift installation vessel Svanen installed the monopiles. The wind turbine…
Solstad Offshore has exercised its option to purchase the construction support vessel (CSV) Normand Tonjer.The vessel was bought from the Norwegian Mpsv for the net amount of $4 million.In 2021, Normand Tonjer was sold to Mpsv for a gross amount…
Hitachi Energy and Petrofac have secured a second project under a $14 billion, multi-year framework agreement with the Dutch-German transmission system operator (TSO) TenneT to expand offshore wind capacity in the North Sea.This second contract is for Nederwiek 1…
The Hollandse Kust Noord offshore wind farm, built by CrossWind, a joint venture between Shell and Eneco, has started operating in the Dutch North Sea.The Hollandse Kust Noord offshore wind farm, located 18.5 kilometers off the coast, became operational on December 20…