South Korea’s HD Hyundai Heavy Industries Co., Ltd. said Monday in a stock exchange announcement that it had received a contract to build a floating production unit for a client in Mexico.The contract, awarded by an oil developer in Mexico, is worth 1…
Norwegian offshore survey services firm PGS said Monday it had won a 'large' offshore wind farm site characterization contract in the U.S. from a 'leading renewable energy company.'PGS will use the Sanco Swift vessel which is rigged as an offshore wind site characterization vessel…
Oil and gas companies have intensified the hunt for new deposits in a long-term bet on demand, as they reinvest some of the record profits from the fossil fuel price surge driven by the Ukraine war, according to data and industry executives…
Japan's government on Friday finished accepting bids for a second major round of offshore wind power tenders to build 1.8 gigawatts (GW) of capacity in four areas, with the result to be announced by the end of March.Japan's offshore wind power…
The construction of the 'Green Jade' DP3 heavy lift and installation vessel, the first such vessel built in Taiwan, was completed Friday.The vessel was commissioned by the CDWE consortium consisting of Belgium's DEME Offshore and Taiwan's CSBC…
Oilfield services firm TechnipFMC said Thursday it had won a 'significant' integrated engineering, procurement, construction, and installation (iEPCI) contract by OMV for its Berling gas and condensate field development project offshore Norway…
UK-based oil major BP, and India's Reliance Industries Limited (RIL) on Friday confirmed the start of production from the MJ field offshore India, following testing and commissioning activities. The MJ field represents the last of three major…
The Petroleum Safety Authority (PSA) said Friday it had granted Aker BP and OMV consents for drilling projects in the North Sea and the Norwegian Sea, respectively.Aker BP has received consent to conduct exploration drilling in block 25/2 of the North Sea in Production license 442…
Windstaller Alliance has been subcontracted to deliver the front-end engineering and design (FEED) for the subsea installation scope of the FloWatt Tidal Pilot to be installed offshore Normandy, France. This study is financed by the European…
Offshore wind developments play a vital role in Europe's energy transition plans, but the industry may face a significant supply challenge in the coming years, with a forecasted wind tower supply crunch.According to Rystad Energy, in 2028, the…
Oil and gas company Barryroe Offshore Energy said Friday it had started the process of an orderly wind-down of the business through a Creditors Voluntary Liquidation.As part of this process, Barryroe Offshore Energy (ex-Providence Resources)…
Extracting minerals from the ocean floor could negatively impact biodiversity on a scale of up to 25 times greater than land-based mining, and fixing the damage would cost twice as much as extraction, a new report said on Thursday.A search for…
Seaway 7, an offshore wind installation subsidiary of Subsea 7, has secured a 'very large' contract with ScottishPower Renewables for the transport and installation of the foundations and inner-array cables for the East Anglia THREE offshore farm in the UK…
Austrian oil and gas firm OMV saw its Plan for Development and Operation (PDO) for the Berling gas and condensate discovery off Norway approved by the Norwegian Ministry of Petroleum and Energy this week.OMV submitted the plan to the Norwegian…
Sarawak Energy aims to install at least 400 megawatts (MW) of floating solar power capacity at its dams by 2030 as the Malaysian utility expands to meet rising demand for renewables from neighboring countries, its group chief executive said…