Norwegian energy company Equinor said Tuesday its Hywind Scotland floating offshore wind farm in the UK has, for the third consecutive year, reached the highest average capacity factor for any wind farm in the UK.With an average capacity factor of 57…
DNV, the independent energy expert and assurance provider, has signed a USD 17.7 million (NOK 150 million) contract to be the 'Owner’s Engineer' for Taipower Offshore Wind Project Phase II (Changhua Phase II) in Taiwan. It is the largest offshore…
BP Chief Executive Bernard Looney's remuneration was 1.735 million pounds ($2.4 million) in 2020 after it scrapped all bonuses during his first year in office due to the pandemic, the energy group said in its annual report.Looney's pay included 1…
U.S. offshore vessel operator Harvey Gulf Subsea Solutions said Monday it had won a contract with the U.S. Navy for its Harvey Deep Sea vessel. The contract is valued at four million dollars.Under the agreement, Harvey Gulf Subsea Solutions will provide the Harvey Deep Sea for ROV Support…
U.S. offshore vessel operator Hornbeck Offshore, normally providing services to the offshore oil and gas industry, has now won a contract with the U.S. Navy.The company last week won a $7,510,000 firm-fixed-price contract with reimbursable elements for the long-term charter of the U…
Offshore drilling contractor Vantage Drilling has received court approval for a previously proposed deal which entails Vantage managing some of the rigs owned by Seadrill Partners.Vantage said Friday it had has entered into a Framework Agreement…
Norwegian oil company Aker BP has exercised the second one-year option for the extension of the contract for Odfjell Drilling's Deepsea Nordkapp semi-submersible drilling rig.The extension will begin after the expiry of the first optional period in June 2022…
India's Mangalore Refinery and Petrochemicals Ltd has bought its first-ever cargo of Brazilian Tupi crude oil in a tender, two industry sources said on Monday.The 1-million-barrel cargo was sold by Royal Dutch Shell for May delivery, he added…
Offshore and subsea services company James Fisher on Monday launched a renewables business James Fisher Renewables, which sees consolidation of the group’s capabilities into what James Fisher said was 'a comprehensive solutions provider.''Bringing together capabilities from across the group…
Bureau Veritas (BV), a testing, inspection, and certification body, has completed the classification of the Torman LNG floating regasification unit (FRU) at Tema port, Ghana in sheltered waters.The unit is combined with a floating storage unit (FSU) for the delivery of gas to onshore consumers…
Oil and gas firm Neptune Energy has said it has recently installed four Enhanced Horizontal Subsea Tree Systems (EHXT) for the Duva development project in the Norwegian sector of the North Sea, using a vessel instead of a rig, reducing installation time…
LYTT, an energy tech company, said Monday its technology has helped improve production up to 2,000 barrels per day (bpd) at BP's Clair Ridge offshore platform, west of Shetland, UK.Clair Ridge is the second phase of development of the giant…
Saudi Arabian state oil giant Aramco is betting on an Asian-led rebound in energy demand this year after it reported a steep slide in net profit for 2020 on Sunday and scaled back its spending plans.The COVID-19 pandemic took a heavy toll on the company and its global peers in 2020…
Solstad Offshore has sold two anchor handling towing and supply vessels earlier this week.Solstad said that the vessels sold were the AHTS Lady Astrid and Lady Caroline.Delivery of the vessels to the new owner took place Wednesday, March 17th…
Rick Hall, CEO of SOFEC, a company providing mooring systems for the international offshore oil and gas industry, has decided to retire.According to SOFEC, a subsidiary of Japan's FPSO specialist MODEC, Hall, who has been with SOFEC for almost three decades…
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