UK-based renewable energy giant SSE Renewables has closed the deal to form a new joint ownership company, SSE Pacifico, which will pursue the development of offshore wind projects in Japan. The deal includes the acquisition by SSE Renewables…
Philippe Kavafyan, the former CEO of offshore wind turbine manufacturer MHI Vestas Offshore Wind (now Vestas), has officially taken over as the CEO of the recently established Norwegian offshore wind developer Aker Offshore Wind.Kavafyan's appointment was announced back in May…
U.S.-based offshore vessel owner Jackson Offshore Operators has acquired the M/V STORM platform supply vessel.Once it has completed regulatory requirements, the M/V STORM will start a five-year contract with Shell in the U.S. Gulf of Mexico…
Grandweld shipyard has won a contract with offshore support vessel firm Stanford Marine to build two 42-meter GrandSuperior crew boats with the keel-laying ceremony recently completed. These are Grandweld’s 11th and 12th vessels built for Stanford Marine…
Russia's flagship Urals oil grade is facing growing competition in its European heartlands amid rising supplies of Norway's Johan Sverdrup (JS Blend) crude and reduced opportunities for the Norwegian grade in Asian markets, traders said.Urals and JS Blend…
Forum Energy Technologies, a supplier of remotely operating vehicles for the global offshore energy industry, has appointed Paul E. Rowsey III to its Board of Directors. Rowsey will also serve as a member of the Compensation Committee.Rowsey…
Sapote-1, ExxonMobil's third well in the Canje Block offshore Guyana, has, after the first two wells, Bulletwood-1 and Jabillo-1, failed to unearth evidence of commercial hydrocarbon volumes, too.Westmount Energy, an indirect partner in the Canje Block through its stake in JHI Associates…
South Korea's Posco and Malaysia's Petronas Carigali have been awarded a Production Sharing Contract (PSC) for Block PM524, offshore Malaysia.Posco is the operator with an 80 percent stake and Petronas Carigali, a subsidiary of Petronas holds the remaining 20 percent…
Guyana plans to meet an unprecedented growth expected in its power demand by building a new gas-fueled plant and expanding its hydropower capacity, a key step to leave behind fossil fuels for generating electricity, President Irfaan Ali said this week…
Norwegian energy giant Equinor has revealed its preferred floating wind foundation design for full-scale gigawatt (GW) commercial floating offshore wind in Scotland, if successful in ScotWind leasing round in Scotland.Equinor said that the 'Wind Semi' a semi-submersible wind turbine foundation…
Shell Midstream Partners said on Friday that its offshore and onshore crude and product systems will mainly drive its cash delivery.Deepwater projects in the Gulf of Mexico including Vito and PowerNap will flow into the company's systems and not only replenish…
Britain will launch a 160 million pound ($220 million) fund to help developers of floating offshore wind technology as part of efforts to ramp up renewable power and meet climate targets, the government said on Friday.The announcement comes…
Higher tax payments and foreign exchange losses pushed Mexico's Petroleos Mexicanos back into the red in the third quarter, even as crude production recovered somewhat, the state oil company said on Thursday.Pemex lost 77.2 billion pesos ($3…
Weston-super-Mare, a seaside town in Somerset, England, has been selected as home to ‘SEE MONSTER’ a decommissioned North Sea offshore platform that will be transformed into a huge public art installation.The platform will be located on the site of the town’s disused former lido…
Oslo-listed offshore cable-solutions provider Oceanteam, which has been in talks over a potential merger with Norway's cable handling equipment provider Passer Group, said Friday that the parties had agreed to discontinue negotiations.Oceanteam…
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