Ireland's Kinsale area offshore gas fields in the Celtic Sea have officially ceased production, after more than 40 years online.The news of production cessation from the gas fields was shared by the operator PSE Kinsale Energy, a subsidiary of Malaysia's Petronas…
CorPower, a Swedish developer of wave energy converters, is establishing an R&D, Manufacturing & Service Centre for wave energy converters in Viana do Castelo, Portugal.The location has been chosen to support CorPower’s demonstration project HiWave-5…
The Renewables Consulting Group Ltd (“RCG”) and Æge Energy AS have signed a memorandum of understanding for a business alliance to deliver renewable energy advisory services in the Nordic region covering both offshore and onshore renewables…
Brazilian state-controlled oil company Petrobras is considering installing offshore units to liquefy the growing natural gas production from the so-called pre-salt area, the company's emissions and climate change manager said during a webinar on Friday…
Oslo-listed company Magnora has teamed up with Swedish wind power company to speed up the development “Sydkustens Vind”, a 500 MW shallow-water offshore wind project in the Baltic Sea, off southern Sweden.“The decision follows several studies…
The global active offshore drilling rig count for June 2020 was lower by 65 units, compared to June 2019, Baker Hughes' monthly rig count report has shown.Latin America was the only region that saw its offshore rig count rise, Europe and North America saw their numbers halved…
With virtually unlimited technical potential, offshore wind could play a critical role in helping to decarbonize the region, Wood Mackenzie's Asia Pacific Vice-Chair Gavin Thompson writes.Asia’s pathway to a low carbon future is challenging…
Marine and offshore consultancy AqualisBraemar has appointed John Harris as its new regional managing director of the South East Asia region.Harris will oversee the company’s operations in South East Asia (SEA), including its offices in Indonesia…
Norwegian energy giant Equinor said Wednesday it would build a gas-to-hydrogen plant in the UK in combination with carbon capture and storage. The captured carbon would be stored in offshore storage in the North Sea. Equinor said the facility…
Thai-based offshore services provider Mermaid Maritime has said it has launched a business branch focused on offshore transportation, installation and decommissioning.Mermaid said Tuesday its new business unit’s immediate target is potential…
Romania's OMV Petrom has provisionally won the rights to explore for oil and gas in a Black Sea block off the coast fo Georgia.OMV Petrom said Monday it had been selected as the winner of the open international tender held by the Ministry of…
Oil prices inched up on Friday as the bullish impetus from signs of fuel demand recovery was kept in check by a rising number of new coronavirus cases in the United States and China and tentative expectations of U.S. output ticking up.Brent crude futures were 40 cents higher at $41…
RWE sought on Friday to convince shareholders of its plans to move away from fossil fuels as environmentalists protested in its coal regions and as Germany prepares to pass a coal exit law from which it stands to gain 2.6 billion euros ($2.92 billion)…
Offshore drilling contractor Dolphin Drilling has signed a letter of intent with an unnamed Norwegian oil company for a three-well plugging and abandonment campaign.The news was shared Friday morning by Dolphin Drilling's CEO Bjørnar Iversen…