Recent decisions in the United States and Britain to accept higher prices for offshore wind developments are a welcome sign that authorities are adjusting to higher costs in the industry, Equinor's head or renewables said on Tuesday.'I believe that politics and markets will adjust…
U.S. officials said on Tuesday that seven energy companies have been impacted by an oil discharge near Main Pass Oil Gathering Co's (MPOG) pipeline system in the Gulf of Mexico that is estimated to have released more than a million gallons of crude oil…
U.K. shipbuilder Diverse Marine has introduced its own finance and lease program designed initially for the financed construction of offshore wind crew transfer vessels (CTV).Funding for offshore wind CTVs has been challenging, and the company…
A new report shows that deliveries to exploration, operation and modification of Equinor-operated fields and onshore plants in Norway exceeded 93 billion NOK in 2022, an increase of approximately 13% from the previous year.The report was presented…
The U.S. Department of the Interior on Thursday approved the Empire Wind offshore project, owned by Equinor and BP, the sixth commercial-scale wind farm to be greenlit under President Joe Biden's administration.Empire Wind is among several offshore…
As the world looks to renewable energy sources to combat climate change and reduce reliance on fossil fuels, offshore wind has emerged as a promising frontier in the United States. A report by the University of California Berkeley released in…
FPSO leasing specialist firm MODEC and drone firm Terra Drone have signed a Memorandum of Understanding for the technical development of inspection drones for floating production, storage, and offloading systems.'MODEC's FPSOs ensure their integrity…
Indonesia's state oil company Pertamina Hulu Energi (PHE) estimated its oil and gas production this year at 1.043 million barrels of oil equivalent per day (BOEPD), up 8% from last year, its chief executive Wiko Migantoro said on Tuesday.For 2024…
Offshore vessel owner Maersk Supply Service, A.P. Moller – Maersk, and The Ocean Cleanup have agreed to extend their collaboration to complete the validation of the system by The Ocean Cleanup which is said to be able to consistently capture significant quantities of plastic from the ocean…
Offshore energy industry services firm McDermott said Tuesday it had secured a 'sizable' engineering, procurement, removal, and disposal contract from the Australian oil and gas firm Santos.McDermott defines a sizable contract as between USD $1 million and USD $50 million…
Norway's natural gas output rose in October from a four-year low in September but still lagged an official forecast, while crude oil production also fell behind expectations, the Norwegian Petroleum Directorate (NPD) said on Tuesday.Natural gas production in October rose to 328…
The organizers of Oceanology International 2024 (Oi24) have invited attendees to discover, connect, and learn, revealing plans for what they say will be the most forward-thinking, powerful, and enriching event yet with the opening of visitor registration today November 21…
Offshore wind installation company Havfram has signed a Senior Secured Green ECA Term Loan Facility to fund its two wind turbine installation vessels ('WTIVs'), currently under construction at CIMC Raffles in China. The Facility was entered into with a syndicate led by DNB Bank ASA (Coordinator…
Subsea cable supplier and service provider JDR Cable Systems (JDR), a part of the TFK Group, said Tuesday it had achieved several significant milestones in the construction of its new £130 million state-of-the-art subsea cable manufacturing facility in Cambois…
Offshore well plug and abandonment specialist Well-Safe Solutions has agreed a global master agreement with BP lasting until at least September 2026, with two one-year contract extension options available.The agreement will see the well decommissioning company provide BP with project management…