China's CNOOC Ltd believes fossil fuel will be a stabilising factor in global energy demand for the foreseeable future, as the offshore oil and gas major sets a record output target for 2024, its executives said on Thursday.The state-run company…
Shell plans to scale back its oil and gas exploration and development workforce by 20% as CEO Wael Sawan widens his cost-saving drive to the highly profitable division after deep cuts in renewables and low-carbon businesses, company sources said…
The US Department of the Interior will hold an offshore wind energy lease sale off southern Oregon on October 15, 2024.The auction will be conducted by the Bureau of Ocean Energy Management and could generate more than 3.1 gigawatts of renewable energy if fully developed…
Oceaneering International, Inc. announced that its UK subsidiary, Oceaneering International Services Limited, has secured multiple contracts for decommissioning, inspection, subsea preparation, and installation support services in the U.K. sector of the North Sea…
Senesco Marine recently held a launch and christening ceremony for WindServe Marine's new Jones-Act-compliant crew transfer vessel (CTV), WindServe Frontier.WindServe Marine, a sister company to the North Kingstown, R.I. shipbuilder—both part…
The New Bedford Foss Marine Terminal (NBFMT) this month opened its first deepwater berth to accommodate vessels serving North America’s emerging offshore wind sector.This milestone, reached after two years of demolition and construction, marks…
Massachusetts Maritime Academy (MMA) on Thursday announced it has renewed its training partnership agreement with RelyOn Nutec GoM (Gulf of Mexico).The partnership was formed in 2019 and over the past five years has provided specialized Global…
The discovery of increased reserves of crude oil in Namibia has sparked interest in Namibian assets, with an index fund tracking local government bonds poised for its biggest annual jump on record.The Exchange Traded Fund tracking local government…
Archer Wind, Archer’s floating offshore wind solutions provider, has been awarded its first contract by TotalEnergies for delivery of the floating wind foundation for the Culzean Wind Pilot.The Culzean Wind Pilot will be connected to the Culzean platform…
Mainstream Renewable Power, the pureplay global wind and solar company majority-owned by Aker Horizons ASA, announced that joint venture KF Wind, a 1,125 MW floating offshore wind project being developed off the coast of Ulsan and owned by Mainstream (33…
Mainstream Renewable Power, the pureplay global wind and solar company majority-owned by Aker Horizons, has announced that KF Wind, a 1,125MW floating offshore wind project being developed off the coast of Ulsan, South Korea, has secured the…
TotalEnergies has launched a pilot project consisting of a floating wind turbine to supply renewable power to the Culzean offshore platform in the UK North Sea.Culzean is a high-pressure, high-temperature gas condensate field located in Block 22/25a in the East Central Graben area…
On August 31, Ørsted will shut down its last coal-fired combined heat and power plant, Esbjerg Power Station, located in the Western part of Denmark.The yearly consumption of coal at Esbjerg Power Station has been approximately 500,000 tonnes…
Manufacturer of advanced inertial navigation systems (INS), Exail, has secured a contract to supply three Hydrins INS to Pliant Offshore, an offshore measurement specialist.The units will be integrated into Pliant Offshore’s installation measurement…
Norwegian energy company Equinor has canceled its offshore-wind projects in Spain and Portugal, in addition to its previously announced exit from Vietnam, and could withdraw from more countries to rein in spending, an executive told Reuters on Wednesday…