Oil prices rose more than 2% on Tuesday as Israel threatened to attack the Lebanese state if its truce with Hezbollah collapses, and as investors positioned for OPEC+ to announce an extension of supply cuts this week.Brent crude futures posted their biggest gains in two weeks…
The Bureau of Ocean Energy Management (BOEM) has announced its approval of the Construction and Operations Plan for the Maryland Offshore Wind project.This is the final approval needed for the project from BOEM following the Department of the Interior’s September 2024 Record of Decision…
Shearwater Geoservices has been awarded a large 2D towed streamer seismic survey by Oil India, covering 14,500 line kilometers on the East Coast of India in the Bay of Bengal.The project, scheduled to being early 2025, forms part of India’s…
JDR Cable Systems (JDR), the global subsea cable and umbilical supplier and service provider, has secured a significant contract by DEME Offshore to support Dominion Energy's Coastal Virginia Offshore Wind (CVOW) project.JDR's comprehensive…
In support of the Biden-Harris administration’s goal of deploying 30 gigawatts (GW) of offshore wind energy capacity by 2030, the Bureau of Ocean Energy Management (BOEM) today issued a Record of Decision identifying environmental measures expected…
Marine construction contractor Red7Marine has supported subsea solutions specialist N-Sea Group in a critical export cable repair project for the 576 MW Gwynt y Môr offshore wind farm in the Irish Sea.With complete delivery of two jack-up barges…
Shearwater Geoservices has secured a contract for a large-scale 2D seismic survey on the continental shelf margin off the west coast of India.The project, which will span 15,500 line-kilometres, demonstrates Shearwater's dedication to supporting India’s seismic exploration efforts…
Scottish subsea specialist Sulmara has secured an $18.9 million investment from BGF, one of the largest growth capital investors in U.K. and Ireland, to support the expansion of its survey and inspection services in the offshore wind and energy markets…
Proserv and Verlume have signed a memorandum of understanding (MoU) to explore collaborative opportunities in the subsea power and renewable sectors and bring innovative technologies to the rapidly evolving clean energy market.Under the terms of the MoU…
Norwegian offshore vessel owner Sea1 Offshore has secured contract extension from marine geophysical service provider PXGEO for its offshore subsea construction vessel (OSCV) Sea1 Spearfish.PXGEO exercised the option to extend the contract for…
TotalEnergies has paused development of a wind farm off the coast of New York after Donald Trump's U.S. election victory, the French company's CEO said on Tuesday.The French energy group formed a joint venture in October 2023 for development…
U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said.'We're not going to see anybody in 'drill, baby…
Offshore seismic services firm Shearwater Geoservices has secured a contract with the Oil and Natural Gas Corporation Limited (ONGC) for a large 3D seismic survey off the east coast of India.The high-capacity Oceanic Sirius vessel will carry out the survey…
Donald Trump's transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG) projects and increase oil drilling off the U…
Bloomberg News reported Monday that Denmark's Ørsted had begun selling a stake in the largest wind farm planned for the United Kingdom coast. The report was based on people familiar with this matter. Reports added that the Danish utility is looking to sell around 50% of the Hornsea 3 Project…