A keel-laying ceremony was held for two Ulstein-designed offshore wind service operation vessels (SOV) on Wednesday at the ZPMC yard.Shanghai Electric, a Chinese wind turbine manufacturer, ordered the two vessels of the Ulstein SX195 and SX197 designs…
Capricorn Energy's move to ask shareholders for permission to bolster its options for payouts could pave the way for an alternative to its planned merger with NewMed, top-three Capricorn shareholder Palliser told Reuters. Palliser is one of…
Malaysia's state energy firm Petroliam Nasional Berhad, or Petronas, on Wednesday posted a near doubling of its third quarter profit and warned of continuing volatility in oil and gas prices. The company reported a profit of 30.8 billion ringgit in the July-September period…
Offshore wind developers Eolus and Simply Blue Group have created a joint venture, SeaSapphire, under which they plan to develop floating offshore wind farms in the Baltic Sea. SeaSapphire is starting the early development of four commercial…
Eni is in preliminary talks to buy private-equity backed gas and oil producer Neptune Energy for around $5 billion -$6 billion, a source with knowledge of the matter said on Wednesday, adding that no official bid had been submitted.Neptune produces around 130…
Offshore drilling operator Valaris has extended its service agreement with Survitec, a provider of survival technology solutions, for another three years.The master service and supply contract, originally signed in 2016, covers the annual and five-year inspection…
Marine engineering consultancy, BAR Technologies (BAR), said Wednesday that its low-emission crew transfer vessel (CTV) design, the BARTech 30, will be available for the first U.S. offshore wind projects in 2024, following quotes at several U…
The Egyptian Natural Gas Holding Company has awarded BP stakes in two exploration blocks in the Mediterranean Sea, off the coast of Egypt. The Northwest Abu Qir Offshore Area - in which BP, as the operator, holds 82.75% and Wintershall-Dea holds 17…
Technip Energies is leading a 13-partner consortium that is working to roll out the next generation of floating wind technology 'for a competitive, more scalable and industrial deployment.'The initiative, called NextFloat, launched in Paris earlier this month…
Dutch offshore survey company Fugro has expanded its geotechnical vessel fleet with the Fugro Quest vessel. According to Fugro, the vessel is equipped with advanced deep-water technology.'Fugro uses this type of vessel to determine the exact composition of the soil…
Germany is set to receive new flows of Qatari liquefied natural gas (LNG) from 2026 after QatarEnergy and ConocoPhillips COP.N on Tuesday signed two sales and purchase agreements for its export covering at least a 15-year period. Since Russia's invasion of Ukraine in February…
The Norwegian oil and gas company Equinor has drilled a dry well at the Othello North prospect in the Norwegian Sea.The well exploration well, formally known as Well 6507/8-11 S, was drilled about 17 kilometers north of the Heidrun field in the Norwegian Sea and 240 kilometers west of Sandnessjøen…
HSM Offshore Energy will build an offshore wind-powered offshore gas production platform for client One-Dyas.The platform will be a part of One-Dyas' N05-A project in the Dutch North Sea.The N05-A platform will run entirely on renewable energy from the nearby Riffgat offshore wind farm…
Norway will not issue licenses for energy companies to explore for oil and gas in frontier areas during the life of the current parliament, which ends in 2025, its oil and energy minister told Reuters on Tuesday.The decision to postpone the…
Survey, positioning, and data management firm UTEC, part of the Acteon Group, is targeting the offshore wind survey and inspection market with a new uncrewed surface vessel (USV).Torsten Marten, lead surveyor, UTEC, outlined the new design at the Marine Autonomous Technology Showcase (MATS)…
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