Companies that once committed to investing in U.S. offshore wind infrastructure and supply chains are now scrapping their plans as the industry experiences significant challenges. These setbacks stem from project delays, soaring costs, and the…
Proteus Marine Renewables has deployed the AR1100 tidal turbine in Japan, which became the country's first ever megawatt-scale grid connected tidal energy system.Installed in the Naru Strait, the turbine will generate 1.1 MW of clean energy…
Pritchard-Gordon group of companies has launched PG Renewables, a turnkey contractor providing offshore and nearshore Unexploded Ordnance (UXO) identification and clearance services for the marine energy and offshore wind markets.PG Renewables…
A consortium led by Exxon Mobil is getting ready for a very active year for exploration and production in Guyana amid upgrades that expanded the capacity of some of its floating facilities and the expected arrival of a fourth vessel, the head of the U…
U.S. oil production is expected to reach new heights in 2025, surpassing earlier projections, according to the U.S. Energy Information Administration’s (EIA) latest Short-Term Energy Outlook. The EIA now forecasts U.S. crude oil production will average 13…
Engineering firm Kystdesign has secured a contract to supply four work class remotely operated vehicles (ROVs) and accompanying equipment as part of its largest ordered booked to date.This significant agreement with an undisclosed client involves the supply of four Work Class ROVs…
Next Ocean, a Dutch developer of Vessel Motion Radar systems for offshore wind and oil and gas industries, has secured seed investment from Arches Capital to drive its business expansion.This funding will accelerate Next Ocean’s growth, enabling the company to scale production…
Norwegian seismic firm TGS has secured two 4D streamer contract acquisition projects, one in the North Sea and the other in the Norwegian Sea.The 4D projects are scheduled to be acquired back-to-back and start in June 2025.The total duration of the two surveys is approximately 80 days…
Scana-owned Subseatec has signed a frame agreement with an international company within subsea technology to act as its exclusive global supplier of steel parts for subsea production systems.The frame agreement will begin in the first quarter of 2025 and extend for a period of three years…
Windward has launched a Critical Maritime Infrastructure Protection solution, an AI-powered solution designed to protect the world’s essential maritime infrastructure against growing threats.Windward’s Critical Maritime Infrastructure Protection…
Energy technology company Baker Hughes has launched its new all-electric subsea production system, the industry’s first fully electric topside-to-downhole solution for offshore operations.The modular system allows for existing tree designs to be seamlessly updated for electric operations…
Kongsberg Maritime has unveiled a range of innovative methods designed to transform and industrialize the transportation and installation (T&I) of floating offshore wind turbines.The new solutions have been developed to streamline the entire process…
Dominion Energy, Inc. (NYSE: D) provided updates on the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project. The fully permitted project is now approximately 50% complete and remains on track for on-time completion by the end of 2026. CVOW continues to achieve construction milestones…
Norwegian oil and gas company Vår Energi has signed a letter of intent with OneSubsea for the delivery of Subsea Production Systems (SPS) to reduce project development time. The pre-commitment will give Vår Energi the ability to shorten subsea tie-back development time by up to one year…
The Welsh Government has taken an $9.9 million equity stake in the Morlais tidal energy scheme to ensure progress of what is set to become the largest tidal energy project in Europe.Owned and managed by Ynys Môn social enterprise Menter Môn…