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…
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%…
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…
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…
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…
Representatives of the European transmission system operator TenneT, the Hitachi Energy/Petrofac partnership, and the three consortium partnerships GE/Sembcorp (SMOP), GE/McDermott, and Siemens Energy/Dragados met in Berlin on Thursday to sign…
Poland's biggest utility PGE said on Thursday a unit of the company had signed a deal with Siemens Gamesa Renewable Energy for delivery and installation of 107 offshore wind turbines as part of the Baltica 2 project. The turbines have a total capacity of 1…
Offshore energy industry services provider HST Marine said Thursday it had secured a long-term contract in the North Sea for its HST Hudson fast crew supplier, to continue working with Belgium-based offshore wind firm Otary.'In order to assist Otary with its emission reduction journey…
Singaporean conglomerate Keppel Corp Ltd on Thursday posted a higher net profit for the first quarter, boosted by a significant one-off gain recognized from the sale of its offshore & marine unit.In February, Sembcorp Marine completed a S$4…
The HSI consortium comprising HSM Offshore Energy, Smulders, and Iv-Offshore & Energy has won a contract to deliver substations and jackets for the largest offshore wind farm in the Baltic Sea, the Gennaker.Under the contract, awarded by 50Hertz…
Registration for the 50th-anniversary edition of SPE Offshore Europe 2023 exhibition and conference is now open, the organizers said Thursday.The free-to-attend event will be held at P&J Live, Aberdeen, from 5-8 September 2023, and themed ‘Accelerating the transition to a better energy future’…
Singapore-based Cyan Renewables has contracted Ulstein Design & Solutions BV to design a series of new floating foundation installation vessels (FFIV) dedicated to offshore wind. Ulstein said that the new FFIVs would feature adequate deck space…