Yinson Production has entered into a definitive agreement with a consortium of global investment firms to raise pre-IPO growth capital of $1 billion to support further growth.The $1 billion pre-IPO consists of redeemable convertible preferred shares and 10% warrants…
NYK and Akita Eisen KK have established a joint company Japan Offshore Support (JOS) to provide ship maintenance and management services for offshore wind power projects, as well as training and employment for seafarersBy actively recruiting local talent…
Aker BP and its partner Concedo have drilled a dry well near the Bøyla field in the North Sea.The well, 24/12-8 S or ‘Rumpetroll South’, is a follow-up to the discovery made in well 24/9-13 – ‘Rumpetroll’, in 2019.Both wells are located in production license 869…
Eco Wave Power has engaged Portuguese engineering firm MOQ Engineering to perform the final design and load calculations for its wave energy project in Portugal’s city of Porto.The collaboration with MOQ will focus on delivering the final civil…
High-tech offshore wind services provider Beam has bought Quantum EV remotely operated vehicle (ROV) from SMD, setting out plans to equip it with an artificial intelligence (AI)-driven system to improve its operational scope and offshore wind farm servicing…
Galp has appointed two members of its board as interim Chief Executive Officers (CEOs) following the resignation of Filipe Silva.Galp’s Board of Directors unanimously appointed its board members Maria João Carioca (CFO) and João Diogo Marques…
Russia said on Monday it had downed nine Ukrainian drones that tried to attack part of the infrastructure of the TurkStream gas pipeline, through which Russian gas flows to Turkey and Europe.The Russian defence ministry said the attack was aimed…
ST Engineering has signed a shipbuilding contract for the design and construction of a Walk-to-Work (W2W) vessel for an unnamed oil and gas company.The contracts marks ST Engineering’s expansion into the market for specialized vessels supporting offshore operations…
Norwegian offshore vessel owner Solstad Offshore has been awarded a three-year contract with an international contractor for its construction support vessel (CSV) Normand Frontier.The firm contract has an immediate startup and will keep the Normand Frontier fully committed until end 2027…
DEME and Van Oord have secured separate contracts from Copenhagen Infrastructure Partners (CIP) for installation works at the 500 MW Fengmiao 1 offshore wind farm in Taiwan.DEME, through its Taiwanese joint venture CDWE, has been awarded a substantial…
South Korea’s Hanwha Ocean has secured an Approval in Principle (AIP) from DNV for the preliminary front-end engineering design (Pre-FEED) of its floating offshore wind turbine platform.The floating platform model awarded the AIP is Hanwha Ocean’s proprietary WindHive 15-H3…
Portugal's government has approved four areas in the Atlantic Ocean where offshore wind farms can be installed, moving a step closer to launching the first licensing auction of offshore capacity, which it plans this year.Two of the areas are off the coast of Viana do Castelo in northern Portugal…
BP said on Friday it had suspended the work of its Shah Deniz Alfa (SDA) platform after detecting a technical issue at the subsea gas condensate export line between the platform and the Sangachal terminal.'All people on the platform are safe and there is no environmental impact…
A court in Kazakhstan has fined the operator of the giant Kashagan oilfield 3.5 billion tenge ($6.64 million) for environmental violations, such as excessive gas flaring, local media reported.The group, which includes Shell, Eni, TotalEnergies and Exxon Mobil…
Marine geosciences and offshore construction support services firm Next Geosolutions has been hired by TenneT under a $27.8 million contract to conduct an unexploded ordnances (UXO) survey off the Dutch coast, in support of the development of offshore wind farms…