Fred. Olsen Seawind and Vattenfall 50/50 partnership was successful as bidder in the Crown Estate Scotland’s ScotWind offshore wind leasing round.The partnership has been awarded the rights to develop a floating offshore wind farm site located 67km off the east coast…
German oil company Wintershall Dea said Monday it had decided to terminate all its operations in Brazil and to close the current office in Rio de Janeiro after the execution of all required measures. 'This decision is the result of a very thorough…
Japan's NYK and Norway's Knutsen Group have formed a joint venture company for the commercial development of a liquefied CO2 marine transportation and storage business using the Knutsen developed technology PCO2 which allows transport of liquified CO2 at ambient temperatures…
The drilling of Beacon Offshore Energy's Winterfell-2 appraisal well on Block 943 in the Green Canyon area of the U.S. Gulf of Mexico has been completed with the well showing encouraging results, Kosmos Energy, a partner in the project said Tuesday…
Norway, the world’s top market for subsea tie-back projects in coming years, is facing an inflation-driven cost increase of $6.5 billion on upcoming contract awards for goods and services in the offshore oil and gas industry through 2026, a Rystad Energy report reveals…
Norway-based offshore shipowner IWS Fleet said Monday that the first steel had been cut in China for its Construction Service Operation Vessel (CSOV).The steel cutting ceremony was held at the China Merchants Heavy Industry facility in Jiangsu…
Dutch crane builder Huisman has signed a contract with South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) for the delivery of another 2,600mt Leg Encircling Crane (LEC). The deal follows a previous order, in July last year…
Norwegian oil and gas companies Vår Energi and Equinor have recently started a five-year helicopter-sharing agreement in the North Sea to reduce costs and environmental footprint of crew transport. The agreement for assigning helicopters took effect on January 1…
Norway's trade surplus rose to a new record in December, boosted by soaring prices for its natural gas exports, national statistics agency data showed on Monday.The December surplus hit 106 billion Norwegian crowns ($12.09 billion), beating a previous record of 84…
TotalEnergies and Inpex have agreed to sell their Angola Block 14 B.V. subsidiary to the Angolan Company Somoil for an undisclosed price.Angola Block 14 B.V., owned by TotalEnergies Holdings International B.V. (50.01%) and Inpex Angola Block 14 Ltd (49…
With an annual R&D budget in excess of a billion Euros, Siemens Energy is well-positioned to drive substantial digital evolution in the offshore energy space. From unmanned offshore rigs to optimized maintenance to decarbonization, digitalization sits at the center…
Bumi Armada, a Malaysian offshore service firm and FPSO provider, has decided to wind up its two dormant subsidiaries.The company said that its subsidiaries Offshore Marine Ventures Sdn Bhd and Bumi Armada Ship Management Sdn Bhd, had approved…
Romania's offshore gas tax that has held up big projects in the Black Sea is set to be revised by the first half of this year after repeated delays, Energy Minister Virgil Popescu said, paving the way for investment.The tax on offshore projects…
Prysmian Group entered into a Limited Notice to Proceed (LNTP) for the supply of power cables in the context of a landmark HVDC submarine cable project in the Middle East, worth around $252m. The LNTP was awarded to Prysmian by Samsung C&T as part of its EPC consortium with Jan De Nul Group…
Norway-based offshore vessel owner DOF Subsea has secured a contract extension for the Skandi Acergy construction support vessel. It has also won a new contract in Trinidad and Tobago for the Skandi Constructor vessel.For the Skandi Acergy,…