Golar LNG agreed to acquire New Fortress Energy's (NFE) ownership stake in FLNG Hilli in exchange for Golar's remaining 4.1 million shares in NFE and $100 million in cash.Golar will also take over approximately $323 million in debt obligations linked to Hilli…
BW Ideol, a company building concrete foundation for floating wind industry, said Monday that its 5-year-old Floatgen demonstrator continued strong operations, showing a capacity factor of nearly 60% over the last three months and a production of 25GWh since its 2018 commissioning…
NOV's Marine and Construction business unit has come up with a 'new and flexible' Modular Service and Operations Vessel (MSOV) concept to 'optimize offshore wind farm operations and maintenance.' NOV says the vessel's features resemble those of a sea otter…
Norwegian subsea services company Reach Subsea said Monday it had won a 6-month firm contract from a 'major renewable energy company' for delivery of offshore wind-related services. 'In order to be able to serve this contract, Reach increases…
Brazilian President Luiz Inacio Lula da Silva said on Monday his government would promote recovery in the country's shipbuilding and oil and gas sectors, with more investment from state-run oil firm Petrobras SA and development bank BNDES. 'Petrobras…
BP on Tuesday reported a record profit of $28 billion for 2022, lifted by the surge in energy prices since Russia's invasion of Ukraine, while boosting its dividend in a sign of confidence as it scaled back plans to reduce oil and gas output by 2030…
Norwegian energy firm Equinor and its UK partner SSE Renewables have started early scoping work to explore options for developing a fourth phase, Dogger Bank D, of what will be the world’s largest offshore wind farm.Equinor and SSE Renewables each own 50% of the proposed Dogger Bank D development…
Sif, a Dutch manufacturer of monopiles and transition pieces (TP) for offshore wind turbines, said it would produce 14 jacket piles for the BorWin5 offshore grid connection project on behalf of Dragados Offshore. Dragados Offshore, in consortium with Siemens…
Denmark has awarded its first licenses to capture and store carbon in the North Sea to Wintershall Dea, INEOS Energy and TotalEnergies, the country's climate and energy ministry said on Monday. Denmark has set a target of reaching net zero carbon…
Trinidad and Tobago's Prime Minister Keith Rowley on Friday told Parliament his government had been in touch with Venezuela following U.S. license to jointly develop a key gas field, and the first meetings to begin negotiations have been set up…
Iran signed a $900 million contract on Saturday with Iranian Offshore Engineering and Construction Co (IOEC) to develop the first phase of its Kish offshore gas field in the Gulf, state television reported. Under the contract, IOEC is to launch…
Norwegian offshore seismic data acquisition and processing firm TGS said Monday it had signed a memorandum of understanding to carry out a proprietary 4D OBN survey in Walker Ridge canyon in the U.S. Gulf of Mexico. The survey is planned to start in the third quarter of 2023…
Woodside Energy Group and its partners on Monday formally committed to working rapidly to pick the best option for developing the Greater Sunrise natural gas field, factoring in for the first time the potential benefits for East Timor. The Sunrise Joint Venture…
Portugal's first offshore wind power auction is drawing interest from large utility companies, especially those in northern Europe, the economy minister said on Friday, adding that the government would speed up the process, aiming for a third quarter launch…
A Canadian offshore oil regulator said on Friday that it has licensed a significant discovery by Equinor near the country's Atlantic coast. Global oil companies are pumping billions of dollars into offshore drilling because they can turn profits at lower prices than some onshore production…