Bumi Armada, a Malaysian offshore service firm and FPSO provider, has decided to wind up its two dormant subsidiaries.The company said that its subsidiaries Offshore Marine Ventures Sdn Bhd and Bumi Armada Ship Management Sdn Bhd, had approved…
Romania's offshore gas tax that has held up big projects in the Black Sea is set to be revised by the first half of this year after repeated delays, Energy Minister Virgil Popescu said, paving the way for investment.The tax on offshore projects…
The Norwegian government said on Friday it has raised its projected fiscal spending for 2022 as it seeks to compensate businesses affected by coronavirus lockdown measures and subsidize households hit by a surge in electricity prices.The center-left minority coalition now plans to spend 355…
Prysmian Group entered into a Limited Notice to Proceed (LNTP) for the supply of power cables in the context of a landmark HVDC submarine cable project in the Middle East, worth around $252m. The LNTP was awarded to Prysmian by Samsung C&T as part of its EPC consortium with Jan De Nul Group…
Swedish floating wind tech firm Hexicon said Friday its Twin Hub stepping stone project had been awarded a marine license for the installation of an offshore floating wind demonstrator in the Celtic Sea.'Twin Hub floating demonstrator project in the Celtic Sea has now been awarded a marine licence…
John Douglas Westwood, the founder of energy intelligence firm Douglas-Westwood, now part of Westwood Global Energy Group, passed away on January 5, the company has informed.Westwood’s previous Head of Oilfield Services, Steve Robertson provided…
Norway-based offshore vessel owner DOF Subsea has secured a contract extension for the Skandi Acergy construction support vessel. It has also won a new contract in Trinidad and Tobago for the Skandi Constructor vessel.For the Skandi Acergy,…
British oil major BP has filed a decommissioning plan for the removal of the Petrojarl Foinaven FPSO and the recovery of associated mooring systems, the risers and dynamic umbilicals from the Foinaven Field, located 160 kilometers (100 miles) west of Shetland in water depths of up to 600 meters…
Africa-focused oil and gas firm Tower Resources has said it has raised £1.5 million (~$2 million) via a placing and subscription of 576,923,077 new ordinary shares of 0.001p each at a price of 0.26 pence per placing share, a discount of 29% to the closing share price on January 13…
French oil company TotalEnergies has exercised an option to have Maersk Drilling's drillship Maersk Valiant drill one more well in Block 58 off the coast of Suriname.The contract extension is planned to last 100 days, with work beginning in March 2022…
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering has said it has secured an order worth 656.1 billion KRW ($553,4 million) from Chevron to build an offshore facility for the Jansz-Io gas field development offshore Australia…
Renewable energy giant RWE has informed that turbine commissioning at Triton Knoll Offshore Wind Farm in the UK has been successfully completed. Once fully operational, the power output of Triton Knoll will be 857 megawatts (MW), making it one of the world’s largest offshore wind farms…
Wave energy technology companies Eco Wave Power and Ocean Power Technologies, Inc. (“OPT”), said Thursday they were working to utilize their complementary technologies and skills to accelerate wave energy projects, under an agreement previously signed…
The Great Lakes Dredge & Dock Company's new Jones Act-compliant Subsea Rock Installation Vessel, the first such ship to enter the U.S. market, is to be built to ABS Class by Philly Shipyard, Inc, ABS said Thursday.The vessel will transport and strategically deposit loads of up to 20…
Norwegian oil company Aker BP has received consent from the Petroleum Safety Authority Norway to drill a pilot well in the North Sea, off Norway.Using Odfjell Drilling's Deepsea Nordkapp semi-submersible drilling rig, Aker BP will the pilot well 25/10-U-8…
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