Offshore Engineer Activity - page 56

 

Vard Cuts First Steel for Island Offshore’s Hybrid Construction Vessel

Mar 07, 2025

Norwegian shipbuilder Vard has marked the start of construction of Island Offshore’s hybrid power ocean energy construction vessel (OECV) at its shipyard in Romania.Vard secured the order for the vessel, named Island Evolution, from Island Offshore back in May 2024…

Tanzania to Launch Fifth Oil Licensing Round in May

Mar 07, 2025

Tanzania said on Thursday it will launch its fifth oil and gas licensing round in May in which 26 exploration blocks will be put to auction to help draw fresh investment in the east African country's hydrocarbons sector.Of the blocks on offer…

MOL’s Green Hydrogen Production Vessel Makes First Onshore Delivery

Mar 07, 2025

Mitsui O.S.K. Lines (MOL) has announced that green hydrogen produced from offshore wind using the demonstration yacht Winz Maru was supplied onshore in the central breakwater area of Tokyo, as part of the Wind Hunter Project.This marks the first…

UK: 17 Supply Chain Firms to Receive Tailored Offshore Wind Business Support

Mar 07, 2025

A total of 17 companies have joined the Fit 4 Offshore Renewables (F4OR) program, which aims to provide business support for U.K. firms in the offshore wind sector, delivered by the Offshore Renewable Energy (ORE) Catapult and sponsored by the Offshore Wind Growth Partnership (OWGP)…

Denmark Gets Two Bids for Offshore CCS Sites

Mar 07, 2025

The Danish Energy Agency (DEA) has received two applications from companies that want to explore the potential for storing CO2 in the subsurface in the nearshore areas Inez, Lisa and Jammerbugt.On January 9, the DEA opened a licensing round…

BP, JERA Name Leadership Team for Offshore Wind Joint Venture

Mar 07, 2025

Energy major BP and Japan’s largest power generation company JERA have appointed the leadership team of their planned 50-50 offshore wind joint venture, JERA Nex BP.The new entity will be led by CEO Nathalie Oosterlinck, currently serving as CEO of JERA Nex…

BW Energy Makes ‘Substantial’ Oil Discovery Off Gabon

Mar 07, 2025

BW Energy has made a ‘substantial’ oil discovery with good reservoir quality on the Bourdon prospect in the Dussafu license, offshore Gabon. The well was drilled by Borr Drilling’s Norve jack-up rig to a total depth of 4,135 meters.Evaluation…

Tower Resources Increases Share in License Offshore Namibia

Mar 07, 2025

Africa-focused oil firm Tower Resources has agreed to purchase an additional 5% interest in the PEL96 license offshore Namibia from its local partner, ZM Fourteen Investment.The AIM-listed company will acquire additional share through its wholly-owned subsidiary Tower Resources (Namibia) Limited…

Guyana and ExxonMobil to Start Talks Over Tax Dispute

Mar 07, 2025

Guyana's Natural Resources ministry has ordered the country's tax agency to begin a dispute resolution with Exxon Mobil over the recovery of some $214 million in expenses registered by the U.S. oil major.Expenses reported by Exxon as part of…

DNO to Acquire Sval Energi in $1.6B Deal to Boost North Sea Assets

Mar 07, 2025

Norwegian oil and gas operator DNO has reached agreement to acquire Sval Energi from HitecVision for a cash consideration of $450 million, based on an enterprise value of $1.6 billion.The Sval Energi assets are complementary to DNO’s North Sea portfolio…

SeAH Wind Appoints Subcontractors for Hornsea 3 Offshore Wind Farm

Mar 06, 2025

SeAH Wind has appointed Mammoet, Glacier Energy, and Hutchinson Engineering as key subcontractors for the Hornsea 3 offshore wind project in the U.K.With commercial production set to start in the coming months, these subcontractors have been…

Constellation Starts Trading on Euronext Growth Oslo Exchange

Mar 06, 2025

Constellation, an offshore oil and gas drilling services provider in Brazil, has started trading on Euronext Growth Oslo, under the ticker symbol ‘COSH’.Constellation holds about one fifth of Brazil’s country’s offshore drilling market.Constellation…

VAALCO Energy Secures Up to $300M Loan to Grow its Assets

Mar 06, 2025

Africa-focused oil and gas company VAALCO Energy has entered into a new revolving credit facility with an initial commitment of $190 million and the ability to grow to $300 million, which will be used for its investment programs across diversified asset base over the next few years…

Italian and Norwegian Associations Deepen Offshore Wind Ties

Mar 06, 2025

Norway’s offshore wind association Norwegian Offshore Wind has signed a memorandum of understanding (MoU) with ANEV, the Italian National Wind Association to increase offshore wind cooperation.The signing of the MoU sets a framework for extensive…

Germany's Gode Wind 3 Offshore Wind Farm Starts Commercial Operations

Mar 06, 2025

Ørsted and Nuveen Infrastructure’s 253 MW Gode Wind 3 offshore wind farm in Germany has started commercial operations.Final testing for the Gode Wind 3 offshore wind farm, which is jointly owned by Ørsted and Nuveen Infrastructure, was completed on February 28…

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