Renewable energy giant RWE has confirmed it will be taking part in the upcoming offshore wind seabed leasing round process in Scotland, called ScotWind, just as the deadline for applications was about to expire.ScotWind is a seabed leasing round…
Norwegian offshore vessel operator DOF has secured contracts in Brazil for two of its anchor handling tug supply vessels.The company has won contracts through its Brazilian subsidiary NorskanThe Skandi Paraty vessel, with an ROV onboard operated by DOF Subsea Brasil…
Nigeria's lower house of parliament on Friday cleared a petroleum overhaul package for the president's signature.The overhaul, in the works for 20 years, aims to attract more of the world's decreasing fossil fuels investment to Nigeria's petroleum sector…
While 2020 proved to be a challenging year for offshore oil and gas markets, the same cannot be said about offshore renewables, which saw substantial growth.'It is expected that a number of offshore support vessels (“OSVs”) and crew boats will…
OPEC forecast on Thursday that world oil demand would rise in 2022 to reach a level similar to before the pandemic, led by growth in the United States, China, and India.The Organization of the Petroleum Exporting Countries said in its monthly report that demand next year would rise by 3…
Aquadrill, a drilling company formerly known as Seadrill Partners, said Thursday it had secured a one-well contract with Equinor for the Vela drilling rig in the US Gulf of Mexico. 'The rig will be managed and operated by Seadrill Limited. The…
U.S. oil major ExxonMobil has agreed to take part in the Scottish carbon capture project that's designed to store carbon from onshore industrial plants under the North Sea seabed.The project, named Acorn carbon capture and storage project (CCS) in Scotland…
President Joe Biden and German Chancellor Angela Merkel failed on Thursday to settle their dispute over Russia's Nord Stream 2 natural gas pipeline but said they agreed that Moscow must not be allowed to use energy as a weapon to coerce its neighbors…
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co has ordered from Huisman a 2,600mt Leg Encircling Crane (LEC), to be installed on Eneti’s newbuild wind turbine installation vessel (WTIV).'The new Leg Encircling Crane has a 147-meter long boom…
Dutch marine and offshore services provider Boskalis said this week it has completed the installation of the fifth and final floating wind turbine at the Kincardine floating wind farm off the UK, currently the world's largest floating wind farm…
SBM Offshore, a Dutch company best known for its FPSO leasing business, has developed an artificial intelligence-powered mooring lines monitoring solution which has now received new technology qualification from classification society ABS.The…
Nigeria's senate approved a reconciled version of a bill on Thursday aimed at attracting billions in investment to its aging oil sector, capping a two-decade bid for reforms, just as investors begin to look beyond fossil fuels.The overhaul governs…
Azerbaijan's national oil company SOCAR has signed a cooperation agreement with energy services firm Technip Energies for a floating wind pilot project.SOCAR said the two firms would study sustainability measures in the offshore upstream activities…
Oil prices fell on Thursday, extending losses as investors braced for increased supplies after a compromise deal between leading OPEC producers and as U.S. fuel stocks rose, raising concerns over demand in the world's largest consumer.Brent crude dropped 52 cents…
South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) has won an order to build a fixed offshore platform for the Al-Shaheen oil field in Qatar.The order, worth around KRW 725.3 billion ($635,3 million) was made by the North Oil Company (NOC)…