Saab Seaeaye, a company building underwater remotely operated vehicles, has agreed to sell 10 of its newly launched electric work remotely operated vehicles (eWROV), including further options, to marine robotics company, Ocean Infinity.'The…
Abu Dhabi National Oil Co (ADNOC) Chief Executive Sultan al-Jaber said on Monday the world could not 'simply unplug' from hydrocarbons and that the oil and gas industry needed to invest over $600 billion a year until 2030 to meet expected demand…
Norway's trade surplus rose to a record high in October as revenues from its offshore petroleum fields soared, led by a spike in the price of natural gas, national statistics agency (SSB) data showed on Monday.The October surplus hit 84.5 billion Norwegian crowns ($9…
Oil firm Rex International's subsidiary Lime Petroleum has entered into an agreement with Nautilus Carbon Services AS to participate in the first phase of a larger project involving several other joint-industry project partners, which aims to…
Sif Netherlands and Smulders will build all 87 monopiles and transition pieces for the third phase of the Dogger Bank wind farm located in the North Sea off the North East coast of England.After the award in November 2020 of contracts for Dogger Bank A and B…
Denmark-based offshore wind developer Ørsted has signed a 175 million euros (around $200 million) eight-year loan deal with the Nordic Investment Bank (NIB) with the proceeds to be used for the financing of its investment in the Borssele 1 & 2 Offshore wind farm in the Netherlands…
The Crown Estate for England, Wales, and Northern Ireland has this week confirmed plans to unlock up to 4GW of floating wind power capacity in the Celtic Sea 'and help establish a new industrial sector for the UK.'It said Thursday that the leasing…
Mainstream Renewable Power has received a Decision on Investment and an Investment Registration Certification (IRC) from the provincial government of Soc Trang in Vietnam for a 200 MW phase of a 1.4 GW offshore wind project.The project is anticipated to reach a financial close in 2022…
GMS, a provider of self‐propelled, self‐elevating support vessels for the offshore energy industry, has won two contract extensions for its jack-ups.GMS said Thursday the contracts were for a K and S Class vessel and on improved dayrates.'The…
Exxon Mobil is in discussions with Dutch contractor SBM Offshore NV to build a fourth multibillion-dollar production unit to develop its Guyana oil discoveries, two people close to the negotiations said.The talks include the potential for some future platform assembly in Guyana…
Operational risk management company ABSG Consulting Inc. and marine offshore and engineering consultancy Global Maritime announced their alliance to support the U.S. offshore wind sector. Global Maritime's U.S. subsidiary, American Global Maritime Inc…
Australian offshore services firm MMA Offshore has acquired 49.9% of the shares in the Taiwanese survey company Global Aqua Survey Ltd to form a new joint venture, the MMA Global Aqua JV, which will target the quickly growing offshore wind sector in Taiwan…
A fledgling international alliance to halt new oil and gas drilling added four members on Thursday during the UN climate conference in Scotland, but did not get the support of any major fossil fuel producers or the conference host Britain.The…
AqualisBraemar LOC, an energy and marine industry consultancy, has agreed to buy the UK operations of ship design and marine consultancy company OSD-IMT from the Dutch-based Damen Shipyards Group.OSD-IMT is a specialist consultancy in ship design for new build…
Marine power cable company NKT has completed the power cable system connecting the 950 MW offshore wind farm Moray East in the UK to shore.NKT has commissioned the power cable project comprising three 220 kV HVAC power cable systems for the…