Danish offshore wind installation firm Cadeler has signed a firm contract for the deployment of its newbuild offshore wind vessel, the Wind Pace, at an offshore wind farm located in the United States.This will be the first time Cadeler’s second P-Class newbuild vessel…
Companies from around the world have proposed to develop 69 offshore areas in Colombia's first offshore wind energy auction, the South American country's National Hydrocarbons Agency (ANH) said on Thursday.Why It's ImportantThe auction is a…
Italy's Eni said on Thursday it would expand its low-carbon activities as part of its 2025-2028 strategy, creating a new company for its carbon capture and storage activities, and offering power for data centres.The state-controlled group said…
The U.S. Senate on Thursday voted on a resolution that would overturn the Biden administration's proposed fee on methane emissions, one of the previous Environmental Protection Agency's final measures to force big oil and gas producers to slash emissions of the powerful greenhouse gas…
Trinidad and Tobago is reaching out to U.S. President Donald Trump's administration to understand if his announced cancellation of oil licenses related to Venezuela will affect authorizations for projects with the Caribbean nation, Energy Minister Stuart Young said on Thursday…
In the early days of dynamic positioning, the 1960s and 70s, commercial deepsea divers soon learned how good their support vessel’s DP footprint was. Their lives depended on it. If a vessel slowly, or worse still, rapidly, moved off position…
Tidewater has announced that its net income for the 12 months ended December 31, 2024 was $180.7 million, compared to $97.2 million for the previous year.The company’s revenue for the three and 12 months ended December 31, 2024 of $345.1 million and $1…
ABS approved the Front-End Engineering Design (FEED) documents for a deep water floating offshore wind platform design from ECO TLP, Inc. and MOCEAN-Offshore BV.The design supports the largest wind turbines on the market and utilizes slip-formed…
The cancellation of a license for Chevron to operate in Venezuela could lead to the negotiation of a fresh agreement between the U.S. producer and state company PDVSA to export crude to destinations other than the United States, sources close to the talks said…
Venterra Group and Tonkin + Taylor signed a Memorandum of Understanding (MoU) to collaborate on offshore wind projects in Australia and New Zealand. With both countries setting ambitious offshore wind targets—Australia is aiming for 32 GW by 2030…
For the first time, DNV has applied its independent Energy Transition Outlook model— incorporating the latest technology trends and policy developments— to Germany.The inaugural German Energy Transition Outlook (ETO) report finds that Germany…
Oslo-listed energy service group Subsea 7, which plans to merge with Italian rival Saipem, said on Thursday its core profit rose 53% last year, in line with its previous guidance.Subsea 7 and Saipem announced on Sunday a plan to create a leading…
Italian energy group Eni reported a 46% slide in fourth-quarter adjusted net profit on Thursday, hit by lower energy prices and weakness at its refining, biofuel and chemicals divisions.Adjusted net profit for October and December totaled 892 million euros ($934 million)…
The U.S. Treasury, via the Office of Foreign Assets Control (OFAC), has extended a license for Serica Energy to operate the Rhum field in the North Sea, 50% owned by Iran's national oil company, for two more years.The OFAC license and secondary sanctions assurance relating to the Rhum field…
Empire Energy Offshore has formed a strategic alliance with Boom Logistics, a provider of heavy lifting and logistics solutions, to strengthen Australia’s future offshore wind infrastructure.The collaboration marks a pivotal advancement in the development of Australia’s offshore wind sector…