Solstad Offshore has exercised its option to purchase the construction support vessel (CSV) Normand Tonjer.The vessel was bought from the Norwegian Mpsv for the net amount of $4 million.In 2021, Normand Tonjer was sold to Mpsv for a gross amount…
Hitachi Energy and Petrofac have secured a second project under a $14 billion, multi-year framework agreement with the Dutch-German transmission system operator (TSO) TenneT to expand offshore wind capacity in the North Sea.This second contract is for Nederwiek 1…
The Hollandse Kust Noord offshore wind farm, built by CrossWind, a joint venture between Shell and Eneco, has started operating in the Dutch North Sea.The Hollandse Kust Noord offshore wind farm, located 18.5 kilometers off the coast, became operational on December 20…
Offshore services firm Subsea 7 has extended an existing frame agreement with BP for subsea construction, inspection, repair and maintenance (IRM) services across the oil and gas major’s North Sea assets.This is the latest extension since the original frame agreement began in 1998…
BP's board has shortlisted interim CEO Murray Auchincloss and two senior female executives as internal candidates to replace Bernard Looney as chief executive, three company and industry sources told Reuters.BP was thrown into turmoil after…
Norwegian energy industry giant Equinor has entered long long-term gas sales agreements with Germany’s state-owned energy company SEFE (Securing Energy for Europe), which also cover prospects for low-carbon hydrogen supplies.Under the agreements…
The Dutch government, through Energie Beheer Nederland (EBN), is stepping in as an active partner in the world’s first project that aims to produce green hydrogen on an operational gas platform in the North Sea.The PosHYdon project will integrate…
Norwegian offshore vessel operator DOF Group has secured two new projects – one in the North Sea and the other in Asia Pacific region – whose combined revenue is expected to bring in $30 million to the company. The first contract for DOF covers engineering…
Oil prices were little changed on Tuesday as investors eyed the impact on oil supply after attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels.Brent crude futures rose 6 cents to $78…
The installation of the first offshore substation platform (OSP) for Ocean Winds’ Moray West offshore wind farm has been completed by Boskalis, using its DP vessel Bokalift1.The heavy lift operations in the Port of Nigg and on-site were completed successfully and safely…
As part of Aker Arctic’s own research and development work, a series of ice model tests were conducted in November 2023 to investigate the ice loads affecting windmill monopiles. Offshore windmills require robust foundations to withstand the harsh marine environment…
Ailes Marines, a fully-owned subsidiary of Iberdrola, has completed the installation of all 62 wind turbines that form the Saint-Brieuc offshore wind farm in France.Less than three years after the start of construction and installation works…
UK oil and gas company Tower Resources has hired Borr Drilling’s Norve jack-up rig for the drilling campaign offshore Cameroon in central Africa. The Norve jack-up rig, part of Borr's fleet of high-specification drilling units, will be put to…
Swiss power production and distribution utility BKW and OWP Butendiek, an offshore wind farm based in northern Germany, have signed a long-term power purchase agreement (PPA). Starting in July 2024, BKW will purchase 18% of its total production…
Gastrade’s new floating storage regasification unit (FSRU) has arrived to Greece after completing an almost 10-month conversion at the Seatrium shipyard in Singapore.The FSRU, dubbed Alexandroupolis, sailed away from Singapore on November 26…