Malaysia’s Petronas has strengthened upstream collaboration in Sabah through a new oil and gas production sharing contract (PSC) award and an equity transfer agreement involving state-linked partners.Petronas Carigali, a wholly owned subsidiary of Petronas, signed a farm-out agreement to transfer a 20% non-operating participating interest in the 2011 North Sabah Enhanced Oil Recovery production sharing contract to SMJ Energy…
BP posted quarterly profit in line with analyst expectations on Tuesday and suspended its share buyback programme as it wrote down around $4 billion in its renewables and biogas businesses.BP, whose new CEO Meg O'Neill will start in April, said…
Nexra, Cadeler’s dedicated service concept, has signed a firm contract for the execution of an offshore wind operations and maintenance (O&M) campaign in Taiwan.The contract, with an undisclosed client, has an expected value exceeding $23.6…
CAPE Holland, a global leader in offshore industry foundation installation equipment and a company within the Venterra Group, announced that it has secured a contract with CDWE for the Fengmiao Offshore Wind Farm project in Taiwan. Under this agreement…
Progress on the BorWin6 Project continues with the successful completion of a fabrication yard milestone in Jebel Ali, United Arab Emirates. Mammoet has completed the transport, loadout and mooring of the 5,461-ton offshore jacket foundation…
Seatrium, GE Vernova and transmission system operator TenneT have marked the strike steel for the Nederwiek 2 offshore platform, the third platform under TenneT’s 2 GW offshore wind grid program.The start of construction was marked by parallel…
Vietnam's authorities selected a newly created subsidiary of real estate conglomerate Vingroup to develop the first phase of one of the country's largest wind power projects, excluding Morgan Stanley-backed German renewable firm PNE which said the decision came as a surprise…
Japan's Mitsui & Co is close to buying a stake in the second phase of QatarEnergy's massive North Field project as it seeks to secure stable liquefied natural gas (LNG) supply, five sources close to the matter told Reuters.If reached, the deal…
Design and engineering consultancy Longitude has launched a compact “D-Flex” platform supply vessel (PSV) design, the second design in its IMT Isca series.The D-Flex design is an evolution of the IMT 984 (G-Class) design and a smaller, cost…
EnBW and Google have signed a long-term power purchase agreement (PPA) for 100 MW of offshore wind power from He Dreiht project in Germany, to be delivered over a period of 15 years.Google aims to operate its global operations on 24/7 carbon free energy by 2030…
Maritime design and engineering consultancy Longitude has launched a new compact platform supply vessel (PSV) design D-Flex, aimed at improving cost efficiency for shipowners.The D-Flex PSV is the second design in Longitude’s IMT Isca series…
MacGregor has been selected to supply a substantial 400-tonne Active Heave Compensated (AHC) subsea crane for a new 127-meter Floating Wind Farm Construction Vessel (FWCV).Purpose-built for the burgeoning floating offshore wind market, the new…
Heavy-lifting and transport specialist Mammoet has signed a support contract with Seatrium to carry out the load-out of three offshore substations for TenneT’s 2 GW offshore grid connection program in the North Sea.Under the agreement, Mammoet…
Lighting specialist Glamox has secured the contract to supply marine lighting for the first of two Subsea Rock Installation Vessels being built for marine contractor Van Oord.Glamox will supply 2,930 marine lights for the Dutch company’s next-generation Subsea Rock Installation Vessel…
KESTO, a joint venture between Denmark’s ESVAGT and South Korea’s KMC Line, has secured its first contracts to provide offshore service logistics for Vestas at the Shinan-Ui offshore wind farm in South Korea.From 2028 and for a minimum period of 10 years…
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