Latest News - page 417


Solstad Offshore Sells 2009-built AHTS

Jul 03, 2023

Solstad Rederi AS, a subsidiary of the Norwegian offshore vessel owner Solstad Offshore, has sold the AHTS Elang Laut 1.The 2009-built vessel has been in layup in Asia since 2019. Delivery of the vessel to the new owner took place today, July 3…

Wood Secures $250M Deal with Brunei Shell Petroleum for Offshore Asset Rejuvenation

Jul 03, 2023

John Wood Group (Wood) has won a contract extension worth approximately $250 million with Brunei Shell Petroleum ('BSP'), Brunei's largest energy producer. The two-year extension will focus on the continued rejuvenation of BSP's offshore energy…

Prysmian to Supply Inter-Array Cables for Ørsted's Hornsea 3 Offshore Wind Farm

Jul 03, 2023

Prysmian Group said Monday it had been awarded a new contract by Denmark-based offshore wind farm giant Ørsted to supply inter-array subsea cables for the Hornsea 3 offshore wind farm, located 160 km off the Yorkshire coast, UK. Once constructed…

Cadeler Expands into Polish Offshore Wind Market with Baltic Power Contract

Jul 03, 2023

Danish offshore wind installation services firm Cadeler on Monday signed a firm contract with Baltic Power for the installation of 76 Vestas 15MW offshore wind turbines in the Polish Baltic Sea with a contract value of between 68-85 million euros…

South Korean Shipbuilder to Build Floating Production Platform for Mexican Offshore Project

Jul 03, 2023

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…

PGS Secures 'Large' Offshore Wind Farm Characterization Contract in the U.S.

Jul 03, 2023

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 Giants Drill Deep as Profits Trump Climate Concerns

Jul 03, 2023

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…

Bidding Period Closes for Japan's Second Offshore Wind Power Tender

Jun 30, 2023

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…

Offshore Wind: Taiwan's First DP3 Heavy Lift and Installation Vessel Completed

Jun 30, 2023

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…

Shell's Renewables Boss Quits after CEO Strategy Shift

Jun 30, 2023

Shell's head of renewable generation Thomas Brostrom is leaving the company, a spokesperson said on Friday, weeks after CEO Wael Sawan scaled back its energy transition plans. Brostrom joined Shell from offshore wind giant Orsted in August 2021to…

TechnipFMC Nets Significant Contract for Offshore Gas Field Development Project in Norway

Jun 30, 2023

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…

India: BP and RIL Bring MJ Offshore Field Online

Jun 30, 2023

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…

Aker BP, OMV Get OK for North Sea and Norwegian Sea Drilling Projects

Jun 30, 2023

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 to Deliver FEED for World's Most Powerful Tidal Power Farm

Jun 30, 2023

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…

Europe's Offshore Wind Boom Threatened by Looming Tower Supply Gap

Jun 30, 2023

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…

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