SBM Offshore has entered into a shareholders' agreement with long-standing business partner NYK to divest a 45% ownership interest in the special purpose companies related to the lease and operation of the Chalchi floating storage and offloading (FSO) unit.The offshore energy services provider said it would remain the majority shareholder with a 55% ownership interest. The proposed transaction remains subject to several conditions precedent and approvals…
Shell is preparing to launch a sale of its offshore wind farms that could fetch more than $1 billion, in the oil giant's latest move away from renewable energy, Bloomberg News reported on Friday, citing people familiar with the matter.The company…
Venezuela signed five agreements with British oil major Shell on Thursday to advance oil and gas projects, including the company's participation in the coveted 7-trillion-cubic-feet Loran offshore gas field, the government said.The country had…
The French energy ministry announced that it will open on Friday the long-awaited tenders for 10 gigawatts worth of offshore wind project, mainly located on France's westcoast.Some companies have scrapped their offshore wind development plans…
Siemens Energy on Thursday warned of possible wind turbine capacity cuts in Europe if governments fall behind in efforts to expand offshore power, saying a lack of determination could become an 'existential threat' to the industry.The comments…
Shearwater Geoservices has been awarded a distributed acoustic sensing (DAS) seismic survey contract in the Stabroek Block offshore Guyana by ExxonMobil Guyana.The contract covers a two-month program comprising source-only seismic acquisition…
SLB has signed a long-term framework agreement with Venezuela's state oil company PDVSA to support the modernization and development of the country's oil and gas sector.The memorandum of understanding establishes a framework for cooperation across exploration…
Britain has offered grid connections to more than 700 projects, the country's power planning body said on Wednesday, under a reformed allocation system expected to help unlock up to £40 billion in annual clean power investment.The allocations follow recent reforms replacing a 'first come…
Norway's parliament on Tuesday ordered the government to review its planned subsidy for the country's first commercial floating offshore wind farm, raising concerns of a full development stop and a wider impact on energy transition projects…
Global offshore wind capacity is set to quadruple over the next decade to reach 420 gigawatts (GW) by the end of 2035, a report by the Global Wind Energy Council (GWEC) showed on Tuesday.Around 92 GW of offshore wind was installed by the end of 2025…
T12 Engineering has completed the assembly and shipment of a 60-tonne gravity-based subsea structure destined for offshore installation in Norway.The structure, designed for an independent Norwegian oil and gas operator, departed from the Port…
Iberdrola has completed the inter-array cable installation campaign for its Windanker offshore wind farm in the German Baltic Sea.The campaign was carried out by Van Oord and involved the installation of 21 inter-array cables, with 28 km of cable laid and buried…
Aramid hybrid rope cuts snap-back risk and deck contamination on 6,000m OSVWhen Stabbert Maritime configured its multipurpose support vessel Ocean Guardian for continuous deepwater operations, the company expected the lifting system to be a workhorse…
Northern Lights JV has awarded a consortium comprising Kawasaki Kisen Kaisha (“K' LINE) and Malaysia's MISC Berhad a time charter contract for a newly built 12,000 cubic meter liquefied CO2 (LCO2) carrier, supporting the expansion of Europe's carbon capture and storage (CCS) infrastructure…
French oil major TotalEnergies made the decision to buy large amounts of Middle East crude in March after its traders noticed the U.S. Navy amassing ships near the Gulf in February, its CEO told French newspaper Le Figaro in an interview published on Thursday…
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