Industry News


Tekmar Nets Offshore Wind Gig in Japan

Jul 08, 2022

Tekmar Group has secured a contract to provide an integrated engineering solution, including Cable Protection Systems ('CPS') and Cable Hang-Off Clamps, for an offshore wind farm project in Japan. The contract is expected to be delivered in 2023…

Saipem Hits 'Important' Offshore Wind Milestones in France, Taiwan

Jul 08, 2022

Italian energy services firm Saipem on Friday said it had reached important milestones in offshore wind, in relation to the Saint Brieuc project in France, and the Formosa 2 project in Taiwan.In France, Saipem said it has successfully completed…

Iberdrola Secures Financial Viability for 16 New UK Renewables Projects

Jul 08, 2022

Spanish power group Iberdrola will develop 16 new renewables projects in the UK after it secured their financial viability through contracts for difference (CfD) with the British government, the company said on Thursday.Through ScottishPower…

EXPLAINER: How Can Japan Secure Enough Gas if Sakhalin Supply Is Cut

Jul 08, 2022

Resource-poor Japan is facing a historic energy security risk as tensions with Moscow intensify, heightening the threat of gas supply disruptions at a time when global supply is tight and spot prices are sky-high.Last week, Russia seized full…

Shell's Edinburgh Offshore Well Comes Up Dry

Jul 08, 2022

Shell's Edinburgh exploration well (30/14a-5) drilled in offshore UK license P255 has failed to encounter commercial quantities of hydrocarbons and is being plugged and abandoned.The news was shared by DNO, the Norwegian oil and gas company…

UK Oil Sector Secures Changes to Windfall Tax, Want More Amid Gov't Chaos

Jul 07, 2022

Britain's main oil and gas sector said it had secured some changes to a planned windfall tax but is seeking further allowances from the new Finance Minister Nadhim Zahawi, with the bill set to go through parliament on Monday.Former finance minister Rishi Sunak…

Yinson Orders MAN Equipment for FPSO Maria Quitéria

Jul 07, 2022

Malaysian FPSO leasing company Yinson has ordered five centrifugal compressor trains for gas production and export from MAN Energy Solutions for a Brazil-bound FPSO. For the same FPSO, MAN is also supplying two screw compressor trains, which will be used as gas recovery systems…

Fred. Olsen Windcarrier Jack-up Sets Off to Install Turbines at CFXD Wind Farms Offshore Taiwan

Jul 07, 2022

Fred. Olsen Windcarrier's Bold Tern offshore wind installation vessel has left Taichung in Taiwan with the first wind turbine loadout for Changfang and Xidao offshore wind farms, the company said via social media.Back in March 2020, Fred. Olsen…

Hexicon's TwinHub Wins First First-ever Dedicated CfD for Floating Wind in UK

Jul 07, 2022

Hexicon AB’s TwinHub floating wind project in the Celtic Sea was successful in the latest UK Government's Contracts for Difference (CfD) Allocation Round (AR4). Hexicon has been awarded a CfD for its 32MW floating wind project at a strike price of £87…

Contract for Difference Offered for Ocean Winds' Moray West Offshore Wind Farm

Jul 07, 2022

As part of the UK Government's latest Contract for Difference allocation round, Ocean Winds has been offered a Contract for Difference (CfD) for its Moray West offshore wind farm.The Moray West offshore wind farm will be located in the outer Moray Firth…

Trillion Energy Says Black Sea Drilling Program Fully Funded

Jul 07, 2022

Black Sea-focused oil and gas company Trillion Energy International said this week that its 49% cost share for the Black Sea drilling program was fully funded, as the company completed capital raises totaling CDN$ 40.4 Million (USD$32million) year-to-date…

After Sakhalin-2 Russia to Take Sakhalin-1 Project Under Its Control

Jul 07, 2022

Pavel Zavalny, the head of the energy committee in Russia's lower house of parliament, said on Thursday that the Sakhalin-1 oil and gas project in the country's far east, will be put under Moscow's jurisdiction, just like neighboring Sakhalin-2…

New Fortress Energy to Deploy FLNG Unit to Develop Mexico's Deepwater Gas Field

Jul 07, 2022

After Mexico's Pemex said Sunday it had signed a deal with the U.S. firm New Fortress Energy (NFE) to develop the Lakach deepwater gas/condensate field, the confirmation also came from NFE, which shared more info on the development plan.The…

Equinor Restarting Production from Offshore Fields Affected by Strike

Jul 07, 2022

Oil and gas company Equinor said Wednesday that its Gudrun, Oseberg South, Oseberg East offshore fields had started run-up of production, after the strike among members of the Norwegian Organisation of Managers and Executives (Lederne) was called off…

Mocean Energy Starts Tank Testing Models for 250kW Wave Energy Machine

Jul 07, 2022

Mocean Energy has started tank testing models of its 250kW Blue Horizon wave energy machine as part of the EU-funded EuropeWave program.The Edinburgh-based wave power company is of seven technology developers awarded contracts for phase 1 of the €20 million R&D scheme…

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