Saudi Aramco's CEO Amin Nasser said on Monday that the company's supplies to customers remain adequate even with recent voluntary oil production cuts by the kingdom, adding that global demand remained resilient despite economic headwinds.Saudi…
GE Vernova’s Offshore Wind business and UK-based Offshore Renewable Energy (ORE) Catapult have signed a new research collaboration, building on the success of their previous ‘Stay Ashore’ program.The £4 million agreement Monday paves the way…
Marine Aluminium AS has won a contract to supply the U.S. offshore vessel firm Hornbeck Offshore Services a helideck for its new conversion project. The 21-meter helideck has a landing capacity of up to Sikorsky S-92-sized helicopters.As previously reported by Offshore Engineer…
Jan De Nul Group's newest crane vessel, Les Alizés, has started its maiden assignment by installing the first of 107 monopile foundations for the construction of Ørsted’s Gode Wind 3 and Borkum Riffgrund 3 wind farms in Germany. Les Alizés is designed for loading…
Malaysian FPSO leasing company Yinson Production said Monday it had secured a $230 million term loan facility in relation to FPSO Maria Quitéria Yinson is delivering for Petrobras in Brazil.The loan facility was structured and arranged by Global Infrastructure Partners (“GIP”)…
Avangrid, a U.S.-based subsidiary of the Spanish renewable energy giant Iberdrola, on Monday shared a photo of the completed Vineyard Wind 1 offshore wind substation.This is the first offshore wind substation installed in the U.S. and will serve…
Oilfield services firms SLB, Subsea 7, Aker Solutions have received approvals from all relevant competition authorities to create a subsea joint venture, as proposed in August 2022.'Following clearance as of [Friday] by antitrust authorities in Brazil…
U.S. energy company Dominion Energy said on Friday that its roughly $10 billion Coastal Virginia Offshore Wind project was on budget and on track for completion in late 2026.The company said in its second quarter earnings presentation that it expected to get a Record of Decision from the U…
Norwegian offshore vessel operator Golden Energy Offshore Services (GEOS) has entered into a binding Memorandum of Agreement for the acquisition of four platform supply vessels and one subsea support vessel from subsidiaries of Vroon Holding B…
Vast arrays of solar panels floating on calm seas near the Equator could provide effectively unlimited solar energy to densely populated countries in Southeast Asia and West Africa.Our new research shows offshore solar in Indonesia alone could generate about 35…
APA Corp. said on Wednesday its most recent appraisal well in Block 58 off Suriname's coast confirmed the extension of oil resources 14 kilometers from the discovery well.APA's exploration in Suriname has been closely watched as it could become Suriname's first commercial deepwater project…
Oil prices were on track for a sixth week of gains after Saudi Arabia and Russia, the world's second and third-largest crude producers, pledged to cut output through September.Brent crude futures for October edged 33 cents higher to $85.47 a barrel by 1326 GMT…
Iran's foreign minister has invited his Kuwaiti counterpart to Tehran, Kuwait said on Thursday, as tensions simmer over the offshore Durra gas field.Saudi Arabia and Kuwait claim exclusive joint rights to the field while Iran also claims a stake and says a Saudi-Kuwaiti agreement to develop it…
The U.S. Coast Guard on Thursday medevaced a 71-year-old man from an offshore supply vessel around 100 miles southwest of Port Fourchon, Louisiana.Coast Guard Sector New Orleans watchstanders received a call at approximately 2:51 a.m. from the…
Shuttle tanker owner KNOT Offshore Partners will appoint Derek Lowe as new Chief Executive Officer and Chief Financial Officer with effect from the week of September 11, 2023.The new appointment comes following the decision of Gary Chapman to…