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…
Petroleum consumption growth has been slowing for decades and the industry shows increasing signs of maturity, which will have profound implications for the business strategies of oil-producing companies and countries.Slower growth will intensify…
Norwegian offshore drilling contractor Odfjell Drilling has signed a letter of intent with oil company Equinor for the use of its Deepsea Atlantic offshore drilling rig for the development of the Johan Sverdrup Phase 2 offshore Norway.The letter…
Floating tidal stream turbine developer Orbital Marine Power has appointed Black & Veatch as Lead Engineering Partner to support technology optimization and cost reduction engineering under the company’s €5m R&D program.Supported by the INTERREG France (Channel) England TIGER project…
The U.S.-based offshore support vessel company Seacor Marine has completed the acquisition of the remaining 50 percent stake in Seacosco from affiliates of China's Cosco Shipping Group.Seacor Marine will consolidate the operating results of…
Italian energy group Eni said it would write off around 3.5 billion euros ($4 billion) from the value of its assets after revising down its long-term outlook for oil and gas prices due to economic fallout from the COVID-19 crisis.In a statement on Monday…
UK-based offshore engineering company TSG Marine is working to bring Zoono, a revolutionary molecular layer that kills microbes for up to 30 days on sprayed surfaces, to offshore oil and gas platforms, in an effort to reduce COVID-19 infection risk…
Belgian offshore contractor DEME Offshore has installed the first jacket at the 950 MW Moray East offshore wind farm, offshore Scotland, the UK. In total, 100 wind turbine jackets and 3 offshore substation jackets will be installed at the project…
Gulf Energy Development Pcl said on Tuesday it acquired a 50% stake in a German offshore wind farm for about 558 million euros ($631.10 million) in the latest overseas investment by Thailand's second-largest power producer.Gulf Energy said acquiring…
Denmark-based offshore wind developer Ørsted has awarded CHC Helicopter the contract for aerial transportation during the construction and operations phases of its Hornsea Two offshore wind farm off the UK.CHC will continue to work with UniFly to deliver flight operations for Hornsea One…
Spain's National Administrative Tribunal agreed on Monday to extradite Emilio Lozoya, former chief executive of oil company Petroleos Mexicanos, to Mexico, the court said in a statement.Lozoya, 45, is wanted in Mexico on charges including bribery…
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…
London-listed oil and gas company Hurricane Energy has announced that Neil Platt, its Chief Operations Officer, passed away on Sunday, July 5.'Hurricane's Board of Directors extends its deepest condolences and sympathies to Neil's family at…
Italian oilfield services company Saipem has been awarded a $325 million contract by Petrobras for the installation of a rigid riser-based subsea system to serve the Búzios pre-salt project.The Búzios-5 overall production system foresees the interconnection of 15 wells to the FPSO in two phases…
Swiss-based technology giant ABB will provide electrical, control, and telecommunication solutions for Malaysia-based Yinson's new FPSO - Anna Nery. Once delivered, the FPSO will be deployed at Petrobras' Marlim 2 oil field offshore Brazil.'Leveraging…