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Industry News


Eco Wave Power Installs Spotter Buoy in Portugal

Jun 24, 2021

Israeli-Swedish wave energy company Eco Wave Power has installed a Spotter Buoy near the Barra do Douro breakwater in Portugal.Installed following approval from the Port Authority of the Douro, the Spotter Buoy will collect wave data for Eco Wave Power's proposed wave energy project in the area…

Petrofac, SOCAR JV Net $25M Deal to Support BP's Azeri Central East Project

Jun 24, 2021

Oilfield services firm Petrofac, in a joint venture with Azerbaijan's SOCAR, has won a contract to support BP's Azeri Central East (ACE) project, in the Caspian Sea, offshore Azerbaijan.Under the contract valued at about  $25 million, the Petrofac…

Parkwind Orders Vestas Turbines for Arcadis Ost 1 Offshore Wind Farm

Jun 24, 2021

Wind turbine maker Vestas said Thursday it had secured a firm order from Parkwind to deliver  27 V174-9.5 MW turbines for the 257 MW Arcadis Ost 1 offshore wind farm in the German Baltic Sea. The order confirms the fifth collaboration between…

Ocean Sun, Statkraft Working to Retrieve Sunken Solar Plant in Albania

Jun 24, 2021

Norwegian floating solar tech company Ocean Sun is working to retrieve its floating solar power plant that sank in Albania earlier this month.As previously reported, Statkraft and Ocean Sun said the first of four Ocean Sun floating solar plants - covering 4…

Denmark's Largest Wind Farm: Bidders Given 4 Months to Prepare Final Bids

Jun 24, 2021

The Danish Energy Agency on Thursday published the final tender conditions for the tendering of Thor Offshore Wind Farm, which will be the country's largest. 'With the publication, all the basic elements of the tender are in place, and the bidders…

No Plan 'Right Now' to Permanently Ban New Oil and Gas Leases, U.S. Interior Secretary Says

Jun 24, 2021

U.S. Interior Secretary Deb Haaland on Wednesday told a congressional hearing that there is no plan to permanently ban new oil and gas drilling on federal land but her agency will soon release a report that will assess the future of the federal oil and gas leasing program…

Bursa Malaysia Wants Independent Review of Serba Dinamik's Deals after KPMG's Red Flags

Jun 24, 2021

Malaysian oil and gas service provider Serba Dinamik Holdings Bhd must appoint an independent reviewer to address issues raised by the company's external auditor, the national stock exchange said on Wednesday.In May, Serba said auditor KPMG…

UK's Wood Expects Margins to Improve. Reports Drop in Half-year Revenue

Jun 24, 2021

Engineering and consultancy company Wood Plc said on Thursday its first-half revenue fell 21% as its clients in the energy industry cut back on spending but predicted an improvement in margins compared with crisis-hit 2020.The UK-listed firm…

Keppel, Sembcorp Marine in Talks to Merge Offshore and Marine Units

Jun 24, 2021

Temasek-backed Singapore conglomerate Keppel Corp and smaller rival Sembcorp Marine are exploring a potential tie-up which would see them combine their struggling offshore and marine (O&M) businesses after years of losses in an industry downturn…

Miko Marine Delivers Magnetic Blanking Set for Bacalhau FPSO

Jun 24, 2021

Norwegian company Miko Marine has shipped out the first magnetic blanking set destined for the Brazilian offshore sector from its fabrication plant in Haugesund, Norway. However, the set is not going to Brazil, but to the DSIC yard in Dalian…

V&SH Offshore Solutions Becomes Part of WTS Energy

Jun 23, 2021

V&SH Offshore Solutions, an offshore contractor specialized in testing and terminations, cable repairs, and outfitting of offshore high voltage assets has become a part of  WTS Energy, an energy services firm providing engineering support and manpower supply…

Solstad Offshore Bags UK North Sea PSV Charter

Jun 23, 2021

Norway-based Solstad Offshore has secured an 18-month charter for its platform supply vessel Sea Falcon.The offshore vessel owner said the contract, with an unnamed client, included a one-year extension option.Solstad did say that the client…

Jan De Nul Installs Final Turbine at TPC's 109.2 MW Wind Farm Off Taiwan

Jun 23, 2021

Jan De Nul Group said Wednesday it had completed the installation of all 21 offshore wind turbines for the 109.2 MW Taiwan Power Company Offshore Windfarm Phase 1 Project – Demonstration, including the installation of all subsea cables.The TPC Offshore Wind Farm near Fangyuan…

Seven Oil Firms Offered Offshore Acreage in Norway's 25th Licensing Round

Jun 23, 2021

Norway has awarded four exploration licenses to seven oil companies that include three for the Barents Sea in the Arctic in a sign that the country aims to continue to pump hydrocarbons for decades to come.The awards were part of Norway's so…

Greener Oil or Green Industry? Gridlock Puts Norway in a Bind

Jun 23, 2021

Norway’s oil and gas industry is counting on renewable power from hydro plants to cut emissions from its offshore platforms but rival demand from the green economy is putting a spanner in the works.The decision to keep investing in new oil and…

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