Norway's HAV Group said Wednesday its ship design business had been selected to develop another methanol-fuelled offshore wind service operation vessel (SOV) for ESVAGT. 'To secure repeat ship design business from a leading SOV operator is a proud moment for us…
Exxon Mobil Corp on Wednesday signaled second-quarter operating profits fell sharply on lower natural gas prices and weaker oil refining margins, according to a regulatory filing.Operating earnings dropped to about $7.8 billion from $17.85 billion a year earlier…
Offshore drilling contractor Valaris said Wednesday it had recently secured offshore drilling rig contract wins and extensions worth about $150 million in total, the figure which does not include lump sum payments like mobilization fees and capital reimbursements…
Norwegian offshore vessel operator Solstad Offshore has officially exited the platform supply vessel business.Namely, the company on Wednesday completed the sale of its PSV fleet to the U.S. offshore vessel firm Tidewater for approximately $580 million…
Offshore engineering and construction firm McDermott held a first steel-cutting ceremony at its Jebel Ali fabrication yard in Dubai, United Arab Emirates, to mark the start of construction for the BorWin6 980MW high-voltage, direct current (HVDC) project for TenneT…
Denmark-based offshore wind developer Ørsted and offshore vessel owner ESVAGT have signed a second contract for a methanol-powered vessel.Ørsted and ESVAGT have signed an agreement for a sister vessel to the world’s first methanol-powered service operation vessel (SOV)…
Energy services firm Expro said Wednesday it had secured a contract with an unnamed 'major operator' for the first deployment of its single shear and seal high-debris 15K ball valve assembly.The multi-functional single shear and seal mechanism…
Tidal Energy Developer SAE said Wednesday it had deployed the upgraded 'Turbine 2' at the MeyGen tidal energy project site, located off the northern tip of Scotland.SAE said that the turbine had undergone significant upgrades to improve performance and reliability…
Oil benchmark Brent fell on Wednesday, reversing some of the gains made after Saudi Arabia and Russia announced they would extend and deepen output cuts into August, as concerns over a global economic slowdown weighed on market sentiment. Brent was down 46 cents…
Spanish utility Iberdrola has signed an exclusive deal with Abu Dhabi's Masdar to develop a 476 megawatt (MW) offshore wind farm in German waters in the Baltic Sea, Expansion newspaper reported on Wednesday, citing unidentified market sources…
Japan's Mitsui & Co. has executed a share purchase agreement to acquire 100% of the issued shares of Aberdeen-based STATS (UK) Ltd., a company that manufactures proprietary energy pipeline repair equipment and provides engineering services.The…
Offshore installation contractor Subsea 7 and German power supplier EnBW have signed a Memorandum of Understanding to jointly explore offshore wind-powered hydrogen production concepts. Subsea 7 and EnBW will study the technical and commercial elements of green offshore hydrogen production…
EDF Renewables and Deep Wind Offshore said Tuesday they were cooperating with Norwegian supplier Moreld Ocean Wind for the floating solution at the offshore wind development on Utsira Nord.EDF Renewables has been working with offshore wind developer…
Ocean Winds, a joint venture between Portugal's main utility EDP and French company Engie, said on Tuesday it had lodged applications with the Australian government to develop offshore wind farms off the coast of Victoria.The JV, which participated…
Offshore energy industry data services provider TGS has recently deployed the first-ever LiDAR buoy measurement campaign to support Norwegian offshore wind development. 'This event represents the first industry-led investment and installation…