After a bumper year for floating offshore wind farm tenders, the nascent industry is poised for explosive growth in the coming decade as countries strive to cut their carbon emissions. But it's unlikely to be all plain sailing. Rising costs…
OEG Offshore has acquired Pelagian Ltd, a company that provides consultancy, engineering, and installation management services to the subsea cable and offshore renewable energy industries.'Pelagian Ltd is an established UK-based company with over 20 years of experience in the subsea cable industry…
Energy ministers from European countries surrounding the North Sea are set to pledge to quadruple offshore wind energy capacity by the end of the decade as they aim to turn the region into an engine of renewable power. Seven European Union countries…
Spanish renewable energy firm Iberdrola has signed a long-term power supply deal with Salzgitter Group.Under the agreement, Iberdrola's Baltic Eagle offshore wind farm in the German Section of the Baltic Sea will deliver electricity for Salzgitter's project to produce carbon-neutral steel…
South Korea's Korea Hydro & Nuclear Power, Samsung Heavy Industries, and Denmark's Seaborg Technologies have created a consortium to develop floating nuclear power plants with Seaborg Technologies' innovative molten salt reactor technology.The…
Oil and gas company Sintana Energy said Friday that over 50% of 3D seismic survey data has been gathered from Petroleum Exploration License 87 (“PEL 87”) and the surrounding area in the Orange Basin offshore Namibia. To remind, Australian oil…
SLB beat Wall Street estimates for first-quarter profit on Friday, as elevated crude prices and tight supplies fueled demand for its oilfield services. Global crude prices averaged $81.24 a barrel in the January-March quarter, down nearly 20%…
Wind power may generate roughly 40% of North America's electricity by 2050, and solar power another 32%, if current and projected capacity development plans proceed as expected, data from risk assessment firm DNV shows.With hydropower expected to generate an additional 11…
Woodside Energy Group Ltd's CEO played down concerns over the status of its long-delayed Browse liquefied natural gas (LNG) project on Friday after the company reported a decline in first-quarter sales revenue relative to the December quarter…
Aurora Energy Services, a newly launched, Aberdeen-based energy industry services provider, said Thursday it had acquired two long-established Scottish businesses.Namely, Aurora has acquired Huntly-based offshore services and fabrication company R&M Engineering…
On Friday, Australian oil and gas giant Woodside said that its Sangomar development project offshore Senegal was 82% complete and on target for first oil later this year. Once online, this will be Senegal's first offshore oil project in production…
German renewable energy firm RWE said Thursday it would be the first developer in the world to utilize Siemens Gamesa’s GreenerTower at its Danish offshore wind farm Thor. The tower steel plates are made of greener steel that produces at least…
The European Union and Norway aim to work together to develop infrastructure to capture and store CO2 emissions and scale up renewable hydrogen production in Europe, according to a draft 'alliance' plan. The plan is set to be announced at a…
Heerema Marine Contractors has installed what has been described as the world’s first unmanned High Voltage Direct Current (HVDC) offshore substation at the Dogger Bank Wind Farm project site in the UK North Sea.The substation is the first of three platforms…
Dutch marine services firm Boskalis has, through its subsidiary SMIT Salvage, reached an agreement with the United Nations Development Programme (UNDP) to remove the oil from the decaying FSO Safer moored off Yemen’s Red Sea coast in a push to avoid environmental disaster…