Venezuela's oil exports last year declined due to infrastructure outages, U.S. sanctions and rising competition in its key Asia market despite assistance from ally Iran, according to shipping data and documents.Exports this year are expected…
Britain’s wind farms contributed a record 26.8% of the country’s electricity in 2022 although gas-fired power plants remained the biggest source of power, National Grid data showed on Friday.Britain has a target to reach net zero emissions by…
Hydraulic tool maker Allspeeds said Thursday it had supplied a Webtool HCV330 hydraulic cutter to subsea equipment rental firm Ashtead Technology.According to the company, this is the largest Webtool cutter manufactured so far, and is designed…
Spanish renewable energy company Iberdrola has chosen Brazil as a place where it plans to install its first ever floating solar plant.The project will be built on the water surface of the Xaréu dam on the island of Fernando de Noronha, recognized by UNESCO as a World Natural Heritage Site…
Offshore seismic data companies TGS and CGG on Wednesday announced the second phase of the Foz do Amazonas 3D multi-client survey, located in the offshore Brazil equatorial margin. This survey, covering 11,425 square kilometers, will broaden…
The market for offshore support vessels has been through a rather rough few years since offshore exploration and production activity took a nose-dive in 2015 following the oil price crash the year before.The newbuild order boom that came with…
Tekmar Group will supply Cable Protection Systems (CPS) for the Dogger Bank C offshore wind farm in the UK, under a contract with offshore installation firm DEME Offshore.This follows the existing contract with EPCI contractor DEME Offshore…
Seismic data acquisition and processing companies CGG and TGS have together secured a contract for the acquisition and imaging of a dense ocean bottom node (OBN) multi-client seismic survey in the Sleipner Area of the Norwegian Continental Shelf (NCS)…
Tidal energy developer Minesto said Thursday it had installed additional offshore infrastructure in Vestmannasund, Faroe Islands, to double electricity production from two Dragon 4 (100kW) tidal energy power plants in an array set-up.The company…
The Norwegian government awarded Maritime CleanTech partner Vard Group and the Ocean Charger project partners 38 million NOK (approx. US$3.9 million) for the development of offshore charging solutions that would support zero-emissions operations at offshore wind farms…
The Norwegian autonomous underwater vehicle provider Argeo has been granted a loan of NOK 20 million (~$2 million) from Innovation Norway.Argeo said the yield is 6,2%, the duration is six years, and the loan is on certain conditions. Trond Crantz…
Northern California has some of the strongest offshore winds in the U.S., with immense potential to produce clean energy. But it also has a problem. Its continental shelf drops off quickly, making building traditional wind turbines directly on the seafloor costly if not impossible…
Brazil-based Radix Software and Engineering said Monday it had created a virtual FPSO training environment for a major operator with the goal of reducing risk in the asset commissioning phase by training operators in process optimization and validation of operational manuals…
Controls technology company Proserv said it has signed an agreement with Aberdeen-based sand and erosion monitoring, analytics and management experts SMS. The deal sees SMS become the exclusive agent and representative for Proserv’s sampling activities across Malaysia…
Triton Anchor, a developer of an anchoring solution for the floating offshore wind industry, announced on Wednesday the closing of its initial funding round. The funds will be used to accelerate platform development as the company scales its products from prototype to general release…