Industry News


Tekmar Delivers Final CPS Batch for Ørsted's Hornsea Two Offshore Wind Farm

Nov 04, 2021

Subsea cable protection specialist Tekmar has said it has delivered the final batch of Cable Protection Systems (CPS) for Ørsted's Hornsea Two offshore wind farm in the UK.'Tekmar supplied over 340 export and array CPS in total. All systems were delivered to schedule and budget…

Survitec Completes Blue Anchor Acquisition

Nov 04, 2021

U.K.-based safety and survival solutions provider Survitec said it has completed its acquisition of Blue Anchor Fire & Safety, a Scottish provider of survival solutions to the fisheries, maritime and offshore energy industries.The investment…

BW Ideol's Floating Wind Pilot Project in California Makes Progress

Nov 04, 2021

Floating wind technology developer BW Ideol said Thursday that its planned offshore floating wind pilot project in California had progressed to the environmental assessment stage.The company said this was the next milestone in a permitting process…

VIDEO: Offshore Drilling Firm Velesto Orders Chela Cranes from NOV

Nov 04, 2021

Velesto Drilling, a Malaysia-based offshore drilling company, has ordered two Chela cranes from NOV's Gusto MSC, to be installed on a jack-up drilling rig.NOV said that the deal marked the first two orders for the 'new and cost-competitive version' of the Crane - the Chela Twins…

Cadeler Nets Offshore Wind Installation Deal for O-Class Jack-up

Nov 04, 2021

Offshore wind installation contractor Cadeler said it has secured a preferred supplier agreement with an undisclosed client for the transport and installation of next-generation wind turbines.The final contract value has been estimated at over 45 million euros ($52 million)…

China: CNOOC EnerTech to Assist Empyrean with Jade Offshore Well Works

Nov 03, 2021

Empyrean Energy has engaged CNOOC EnerTech to manage critical pre-drilling permitting and logistical requirements related to Empyrean's planned drilling operations at the Jade well in Block 29/11, offshore China.CNOOC EnerTech is a subsidiary…

PGS, Partners Start 3D Survey Off Malaysia

Nov 03, 2021

Norwegian marine seismic data acquisition company PGS has started a multiclient 3D survey in the Sarawak Basin, Malaysia.The survey is being carried out on behalf of the seismic consortium comprising PGS, TGS, and WesternGeco, using the Ramform Sovereign vessel…

UK: Marshalling Ops Underway for Seagreen Wind Farm Turbine Parts

Nov 03, 2021

UK-based energy firm SSE Renewables has informed that marshalling operations for wind turbine parts are underway at Able Seaton Port in Hartlepool for what will be Scotland’s biggest, and the world’s deepest fixed bottom offshore wind farm – Seagreen…

Lower Wind Speeds Hit Ørsted's Earnings

Nov 03, 2021

Denmark's Ørsted on Wednesday reported third-quarter operating profit slightly below expectations as it said low wind speeds continued to hit earnings.'In most of Q3, we continued to see lower than normal wind speeds, which had an adverse impact on earnings from renewable assets in operation…

Higher Costs, Supply Constraints Force Vestas to Slash 2021 Outlook

Nov 03, 2021

Vestas slashed its 2021 outlook for a second time this year in response to higher costs and supply constraints, sending its shares tumbling as much as 14% as the world's largest maker of wind turbines posted forecast-lagging quarterly profit…

Italian Prosecutors Won't Appeal Acquittal of Two in Nigerian Offshore Oil Graft Case

Nov 03, 2021

The acquittal of Nigerian Emeka Obi and Italian Gianluca Di Nardo in a graft case in Nigeria involving Eni and Shell has become final after prosecutors said they would not appeal on behalf of the Nigerian government.In a decision seen by Reuters on Wednesday…

TotalEnergies, Iberdrola and Norsk Havvind Team Up for Offshore Wind Projects in Norway

Nov 03, 2021

TotalEnergies, Iberdrola and Norsk Havvind have teamed up to respond to the Norwegian authorities' call for tenders for the development of floating and bottom-fixed wind projects for a cumulated capacity of 4.5 GW at two offshore sites in southern Norway…

Cairn Sells North Sea Field Interests to Waldorf

Nov 03, 2021

Oil and gas company Cairn has sold its interest in the Catcher and Kraken oil fields in the UK North Sea to Waldorf Production.The proposed sale and purchase deal was first announced in March, and following the general meeting held on October 28…

Romania: Romgaz to Pay Up to $1.07B for Exxon's Black Sea Gas Project Stake

Nov 03, 2021

Romanian state-owned gas producer Romgaz will pay up to $1.07 billion to Exxon Mobil for its 50% stake in a Black Sea offshore gas project, the company said.The other half of the long-delayed Neptun Deep offshore project is owned by Romanian OMV Petrom…

U.S. House Panel Subpoenas Big Oil in Climate Deception Probe

Nov 03, 2021

The head of a U.S. House panel on Tuesday subpoenaed four major oil companies and two lobbying groups for documents related to their actions on global warming as part of a year-long probe into potential climate deception by the energy industry…

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