Danish offshore wind developer Orsted has agreed to sell a 55% stake in its Greater Changhua 2 offshore wind farm in Taiwan to life insurance company Cathay in a deal worth around 5 billion Danish crowns ($788.74 million), it said on Tuesday…
Norwegian offshore vessel owner and subsea services provider DOF Group has secured two contracts for its vessels and services in the Asia-Pacific (APAC) region.DOF signed a three-year frame agreement for the provision of subsea inspection, maintenance…
Dominion Energy released the following statement in response to the U.S. Department of Interior’s Director’s Order for a 90-day suspension of work issued earlier today for the Coastal Virginia Offshore Wind project:'The Coastal Virginia Offshore…
Shell and INEOS Energy have confirmed an oil discovery in the Norphlet formation in the Gulf of America that could be tied back to the Appomattox production platform.The Nashville exploration well, operated by Shell with a 79% working interest…
Italian engineering group Saipem has secured an offshore engineering, procurement, construction and installation contract in Qatar with a total value of about $4 billion, of which its share amounts to approximately $3.1 billion.The contract…
Aker BP has exercised the three-year extension option under the long-term contract with Archer for the provision of platform drilling operations and maintenance services in the North Sea.The long-term contract was originally awarded in November…
Germany’s RWE has agreed to sell its F.E.W. Baltic II offshore wind development project in Poland to state-controlled utility PGE, as Poland’s largest power producer strengthens its offshore wind pipeline.The F.E.W. Baltic II project has a planned…
Saipem announced that Aker BP has exercised a new option to extend the contract for the semi-submersible drilling unit Scarabeo 8, prolonging its deployment for an additional year.This is the third extension of the contract originally awarded in March 2022…
Italy’s Eni has completed the sale of a 49.99% equity stake in its carbon capture and storage (CCS) business, Eni CCUS Holding, to Global Infrastructure Partners (GIP), infrastructure investor owned by BlackRock.GIP will jointly control the…
VARD has recently signed an agreement (MoU) with the major Norwegian research institute NORCE, establishing a strategic partnership to cooperate on research and innovation.The agreement encompasses topics such as design, construction, on board…
A strike at Brazil's Petrobras has reached workers in all offshore oil platforms in Campos basin, said local union FUP in a statement on Wednesday.The state-run oil firm said that so far the strike has had no impact on oil production, and that…
Ocean services provider DeepOcean has secured a new long-term inspection, maintenance and repair (IMR) frame agreement with operator Vår Energi.The contract has a firm duration of five years, running until end of October 2030, with options to extend for up to an additional four years…
Danish vessel owner ESVAGT has completed the acquisition of Breeze Enabler and Brint Enabler Service Operation Vessels (SOVs) from Edda Wind through a 100% share purchase agreement of the two Spanish vessel owning entities.The SOVs are on long…
Britain’s Serica Energy has agreed to acquire a portfolio of Southern North Sea gas assets from Spirit Energy and affiliates for $74 million, expanding its U.K. upstream footprint and lifting reserves and production.The deal, signed through…
A strike at Brazil's Petrobras has reached workers in refineries and offshore oil platforms, according to local union FUP, as the state-run oil firm said the mobilization has had no impact on output so far.The firm said on Monday that it has…
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