The government of Bermuda has signed a deal with wave power tech firm Seabased to develop a utility-scale ocean wave power park with a 40MW capacity. The wave power park is expected to fuel the island’s grid, providing roughly 10% of Bermuda's energy needs…
SBM Offshore, one of the world's largest suppliers of FPSO vessels for the offshore oil and gas industry, has been ordered to pay 7.0 million CHF (around USD 7.6 million) for bribery in the 2005 – 2012 period.A year ago, SBM Offshore said that…
The UK Government on Wednesday announced its 'biggest investment in a generation' into Britain’s tidal power. The UK government will invest £20 million per year in Tidal Stream electricity as part of its renewable energy auction scheme. 'UK…
Flotation Energy has secured $2.3 million in Australia from the Victorian Government Energy Innovation Fund for its planned 1.5 GW Seadragon offshore wind farm in Gippsland, Victoria. The proposed 1.5GW bottom fixed Seadragon offshore wind project…
Oil and gas company United Oil & Gas (UOG) has won a two-year extension from the government of Jamaica for the Walton Morant Licence offshore Jamaica. The license will now run to January 31, 2024. United Oil & Gas was last year has been assigned…
Tekmar Energy has won a contract with Global Offshore to supply Cable Protection Systems (CPS) for the Arcadis Ost 1 offshore wind farm in Germany.Arcadis Ost 1 is a 257 MW offshore wind project developed by Parkwind. The project will be located in the Baltic Sea…
Adepth Minerals, a Norwegian deep-sea mineral exploration firm, has received a NOK 11.7 million (about $1,3 million) grant from Innovation Norway, triggering investment in FlexiCore technology and enabling the collection of deep-sea mineral core samples in 2022…
The United States said on Tuesday it would release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain, to try to cool prices after OPEC+ producers repeatedly ignored calls for more crude…
Shallow water drilling contractor Shelf Drilling has secured a three-year contract for one of its jack-up rigs in India.The contract, with India's national oil company ONGC, is for the Ron Tappmeyer jack-up drilling unit, for offshore operations in Indian waters…
Norwegian oil and gas company Equinor has, on behalf of the license partners in Krafla, Gina Krog, Asterix fields, and Gassco at Kårstø, signed contracts with engineering and construction firm Aibel worth around five billion Norwegian crowns (nearly $560 million)…
Danish grid operator Energinet signed deals on Tuesday with Belgium's Elia and Germany's 50Hertz that move Denmark closer to building two sea links connecting its offshore wind turbines to Germany and Belgium to boost the flow of green energy in the region…
UTEC, a company providing survey, positioning, and data services in the offshore energy world, has deployed Sonardyne’s Fusion 2 software and associated hardware to support offshore construction in Australia.Combined long baseline (LBL) acoustic…
The EU has drafted legislation to reduce methane emissions by forcing oil and gas companies to report their output and find and fix leaks of the gas that is the second-biggest cause of climate change, according to a draft seen by Reuters on Monday…
Norwegian offshore oil and gas producer Vår Energi has signed an agreement with IKM Elektro for support to all its operated facilities on the Norwegian continental shelf (NCS). IKM Elektro will be responsible for inspection, service, and maintenance of electrical equipment and rotating machines…
Bonheur, a Norwegian holding company for the Olsen family, has established Fred. Olsen 1848, described as a company dedicated to developing technologies and solutions for the renewable energy industry.'In Fred. Olsen 1848 we are determined to act now…