Expectations are growing that BHP Group Ltd will deliver a verdict on the future of its petroleum business at its results next week, as it comes under increasing pressure to cut its fossil fuel footprint.The world's biggest miner has been facing…
Scotland's First Minister Nicola Sturgeon has sent a letter to the UK Prime Minister Boris Johnson, asking for the UK Government to reassess offshore oil and gas licenses already issued but where field development has not yet started, 'in light…
dCarbonX, a firm looking to develop offshore geothermal energy and storage sites for CO2, hydrogen, and ammonia, has struck a deal with the Irish state-owned Electricity Supply Board (ESB) to develop large-scale storage for green hydrogen off the coast of County Cork…
Aberdeen-based software firm ZynQ 360 is set to hire more people on the back of several contract awards in the oil and gas space totalling more than $5 million.ZynQ 360 said Thursday that the contracts would be delivered across the USA, UK, and Western Australia…
Maritime and offshore classification society ABS said Thursday it had brought together leading companies in the Floating Production Storage and Offloading (FPSO) sector to address the safety challenges produced by a fleet where more than half…
RWE, Europe's third-largest renewables player, does not expect large deals in the sector in the next few years, its chief executive told journalists on Thursday after presenting first-half results.'I don't believe it because the market is growing so rapidly…
Dutch offshore equipment maker Huisman has won a contract to deliver a 2,300 mt Lifting Spreader and a set of adaptive Damping Tugger Winches to DEME Offshore's offshore installation vessel Orion.Huisman said that the equipment was designed…
The hull of the FPSO Prosperity, which will be Guyana's third offshore oil production unit once delivered, has arrived at the Keppel yard in Singapore, where it will be fitted with topside modules.SBM Offshore, which will deliver the FPSO to end client ExxonMobil…
Marine robotics company Ocean Infinity said Thursday it had acquired marine geotechnics experts, Geowynd.Based in the UK, with clients all over Europe, Geowynd’s team of geotechnical engineers provides consultancy services to aid the safe and…
Ørsted and RWE, the world's two largest offshore wind players, both suffered from weaker winds in the first half, highlighting that profits in the booming industry remain tied to weather conditions.Denmark's Ørsted said it 'experienced significantly lower wind speeds than normal…
Norway's Aker Offshore Wind said Thursday it has, with its partner Mainstream Renewable Power, been selected as the preferred bidder to acquire an initial 50 percent stake in Progression Energy’s 800MW floating offshore wind project in Japan…
Irish-based Gazelle Wind Power Limited has raised $4 million in funding to accelerate the development of its hybrid floating offshore wind platform. The investment includes $1.3 million in seed funding and another $2.7 million in strategic long…
The first jackets for the massive Seagreen offshore wind farm have arrived at the Port of Nigg in the Cromarty Firth, where they’ll be kept before being installed 27km off the Angus coast in the North Sea.The jackets, which will serve as foundations for offshore wind turbines…
Spanish oil firm Repsol has secured regulatory consent to start production from the Yme field in the North Sea, off Norway.'Yme will once again be producing oil, 20 years after the last time the field was on stream. [The] planned start-up will be in the second half of 2021…
U.S. Secretary of State Antony Blinken on Tuesday appointed former diplomat Amos Hochstein as a senior advisor for energy security to work on the fallout from the Russia-backed Nord Stream 2 pipeline, among other energy issues, according to a statement…
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