Apollo Global Management will acquire a share in US Wind, an offshore wind energy development company, via an investment of up to $265 million.'Apollo Funds have committed to invest through convertible debt and equity up to $265 million to acquire…
Energy trading firm Danske Commodities has signed a 15-year power purchase agreement (PPA) for 480 MW with the world’s largest offshore wind farm, Dogger Bank.Danske Commodities will be responsible for the trading and balancing of 480 MW. Dogger…
Cyprus on Monday criticized European Union partners over what it said was diffidence amounting to 'a policy of appeasement' in dealing with Turkey, locked in a stand-off with Cyprus and Greece over energy exploration in the eastern Mediterranean…
Climate tech startup incubator Greentown Labs and Vineyard Wind, developer of the first utility-scale offshore wind energy generation facility in the United States, have selected three startups for their Offshore Wind Challenge.The Offshore…
The winners of the 34th Offshore Achievement Awards were revealed in a virtual ceremony on Friday, August 14, 2020.This year Jeanette Forbes, entrepreneur and founder of the PCL Group, inspiring STEM mentor and energy sector ambassador, clinched…
Australia's North West Shelf LNG venture has agreed key terms for processing third-party gas from the Pluto and Waitsia gas projects, operator Woodside Petroleum said on Monday.Gas from Woodside's Pluto project could start going into the North…
Allseas’ heavy lift vessel Pioneering Spirit has completed a removal campaign of processing and accommodation topsides and flare jackets as part of the Tyra Redevelopment Project for Total E&P Denmark. 'Over the last two weeks, Pioneering Spirit removed more than 27…
Australian oil company Beach Energy has signed a new contract with drilling company Diamond Offshore for the use of the Ocean Onyx semi-submersible drilling rig.The news comes after Beach in April terminated the previously signed contract for the rig…
North Oil Company, a JV between Qatar Petroleum and Total, has awarded contract extensions for two jack-up rigs owned by Japan Drilling Company.JDC said Monday that the extensions - one year for each rig - have been secured for jack-up drilling…
Turkey drew another rebuke from the European Union on Sunday when it said its Yavuz energy drillship would extend operations in disputed Mediterranean waters off Cyprus until mid-September.Yavuz will be accompanied by three other Turkish ships…
Australian oil and gas company Woodside has blocked Cairn's stake sale in the $4.2B Sangomar development off Senegal to Russia's Lukoil, by exercising its pre-emption rights.To remind, Lukoil in July signed an agreement with Cairn Energy to acquire a 40% interest in the Rufisque…
Brazilian oil company Petrobras has signed a letter of intent with Malaysia's MISC Berhad for the chartering and services of an FPSO to be deployed at the Mero 3 development offshore Brazil.The FPSO to be named Marechal Duque de Caxias will be installed in the Mero field…
Brazilian oil company Petrobras, the operator of the Libra consortium, has made the investment decision for the third phase of the Mero project, located deep offshore, 180 kilometers off the coast of Rio de Janeiro, in the prolific pre-salt area of the Santos Basin…
Oil and gas company Tullow Oil has extended the contract with Maersk Drilling for the use of the Maersk Venturer drillship in Angola, following the contract termination for the same rig announced in March.Namely, Maersk Drilling in March said…
Singapore-based KrisEnergy has signed a letter of award with Vietnam's PV Drilling for PVD III jack-up drilling rig. The 2009-built rig will be used to drill five development wells at KrisEnergy's Apsara Mini-Phase 1A development offshore Cambodia…
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