The world's first offshore renewable energy project, combining floating wind power and deep-sea aquaculture, has been completed in China, Shanghai Electric Wind Power Group has informed.The project is developed by Longyuan Power Group, together…
Norway's Equinor has discovered oil and gas four kilometers west of the Oseberg field in the North Sea in two separate formations, the Norwegian Petroleum Directorate said on Friday.The combined volume of crude and natural gas in the Eiriksson and Cook formations was estimated at between 2…
The Biden administration on Thursday postponed a Nov. 8 sale of offshore drilling rights in the Gulf of Mexico pending the outcome of a lawsuit over oil and gas development and federal protection of an endangered species of whale.The move comes after a U…
Flotation Energy and Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, have signed exclusivity agreements for two floating offshore wind developments with up to a total of 1.9 gigawatt (GW) capacity under Crown Estate Scotland’s…
Wagenborg Offshore has taken delivery of the Kingsborg subsea support vessel.Kingsborg is a subsea support vessel, converted from a platform supply vessel, that will support subsea activities and decommissioning works in the southern North Sea in a long-term agreement with an energy major…
Norwegian oil company Aker BP and construction firm Aibel on Thursday held the first steel cutting ceremony for the Munin platform in Thailand, being built for the Yggdrasil development offshore Norway.Thai monks blessed the steel in a formal ceremony…
UK North Sea-focused oil company Ithaca Energy has completed the acquisition of the remaining 40% stake in the Fotla offshore discovery and three exploration licenses - P.213 Area C, P.345 Area A and P.2536 - from Spirit Energy. The acquisition…
The Biden administration on Wednesday said it is committed to supporting the nascent U.S. offshore wind industry despite challenges that prompted the cancellation this week of two major planned projects off the coast of New Jersey.The White…
Singapore-based Megamas Resources, in partnership with Renaissance Technologies (RTM) has contracted Ulstein Design & Solutions AS to design a cable-laying and repair vessel. According to a press release issued Thursday, the decision to press…
Canadian oil and gas firm Cenovus Energy's CVE.TO quarterly profit rose on Thursday, helped by strong demand for crude oil amid tight supplies and higher production.Supply cuts from OPEC+ countries led by Saudi Arabia and Russia kept the crude oil market tight…
Copenhagen Infrastructure Partners, Flexens, and Lhyfe have formed a partnership for the development and construction of an integrated energy island solution enabling large-scale offshore wind, green hydrogen production, and 'other local anchored value-creating activities on Åland…
Italian steel pipe maker Tenaris late on Wednesday posted a 10% decline in third-quarter net profit due to a slowdown in North and South America and lower shipments to offshore projects and Argentina.The company's shares were up 7.9% by 0833 GMT…
Danish offshore vessel owner Maersk Supply Service has selected the Fleet Data IoT platform from Inmarsat Maritime, a Viasat business, to help optimize the performance of its first vessel battery installation onboard the Maersk Minder anchor handler…
The U.S. Department of Energy (DOE) has warned New Fortress Energy if any portion of its Altamira floating liquefied natural gas (LNG) project is located onshore Mexico, the company will have to resubmit its application for an export permit…
France's Technip Energies on Thursday reported a lower but still slightly better-than-expected third-quarter revenue, supported by project deliveries and growth in order backlog despite Russian-exit headwinds. The energy infrastructure firm posted adjusted revenue of 1…