As part of his Executive Order on Tackling the Climate Crisis at Home and Abroad (EO 14008)—issued on the first day he took office—President Biden made significant commitments to renewable energy. These commitments include collaborating with…
Norwegian oil and gas company Sval Energi said Thursday it had completed the $300 million acquisition of Edison Norge.The deal, first announced in December 2020, sees HitecVision-backed Sval acquiring ten production licenses on the Norwegian continental shelf…
It's no longer news that the U.S. is set to become the next big offshore wind market, with an IEA 2019 report forecasting 40 GW of installed offshore wind capacity in the country by 2040, which will require a $100 billion investment.To meet this expected growth…
C-Innovation, LLC (C-I), an affiliate of U.S. offshore vessel operator Edison Chouest Offshore, has secured a one-year contract extension with BP for Riserless Light Well Intervention (RLWI) in the Gulf of Mexico.The Island Venture vessel and…
Maritime classification society ABS will class the first U.S.-flagged Jones Act offshore wind farm service operation vessel (SOV) ever ordered.The vessel, ordered last year, will be engineered, constructed, and operated by Edison Chouest Offshore…
Norway's energy ministry on Tuesday offered 61 production licenses on the Norwegian continental shelf in the Award in Pre-Defined Areas 2020 (APA 2020) round to 31 oil companies.Minister of Petroleum and Energy, Tina Bru said the companies have…
Oil and gas company Energean has completed its takeover of Total’s entire 50% interest and operatorship in Block 2, offshore Western Greece. Coupled with the 25% working interest that Energean bought through the recent acquisition of Edison E&P…
Italy's Edison said on Wednesday it had sold its exploration and production assets in Norway to Norwegian oil and gas group Sval Energi as part of its strategy to focus on clean energy.Edison, owned by France's EDF, said the deal valued Edison Norge AS at $300 million…
Mediterranean Sea-focused oil and gas firm Energean has entered into an agreement to buy Kerogen’s 30% shareholding in Energean Israel, which would result in Energean owning a 100% stake in the company.Energean Israel holds a 100% working interest in the Karish and Tanin leases…
Edison Chouest Offshore (ECO) has entered into a contract with an oil major to install battery systems aboard one of its Jones Act platform supply vessels (PSV), the U.S.-based shipowner announced Monday. With the long-term deal in hand, ECO…
Oil and gas company Energean has said it has completed its acquisition of Edison Exploration & Production from Edison.The gross consideration for the transaction, as at the locked box date of 1 January 2019, is $284 million and the final net consideration (net of cash acquired)…
With increased time in layup and outdated tonnage, surely after all that has occurred in 2020 it’s about time for the offshore support vessel (OSV) sector to address the long standing elephant in the room. This article will focus on platform…
This has certainly been an active year for offshore wind, both in the U.S. and globally. Looking at the U.S. in particular, the East Coast is certainly giving cause for real optimism with a clear pipeline of state procurement targets indicating 12 gigawatts installed by 2030 and 29…
Offshore vessel operator Edison Chouest Offshore (ECO) will build and operate the first-ever U.S. flagged Jones Act compliant Service Operations Vessel (SOV), used for offshore wind farm operation and maintenance works.Edison Chouest Offshore…
Edison Chouest Offshore's marine services affiliate C-Innovation has acquired the controlling interest in Caltex Oil Tools, a provider of equipment rentals, services, and customized engineering capabilities to the offshore industry.C-Innovation said that the Houston-based Caltex…
Subscribe
