Offshore Energy News

 

Wales Tidal Energy Project Moves Ahead

May 27, 2025

Inyanga Marine Energy Group awarded the fabrication contract to build its HydroWing tidal energy device to Hutchinson Engineering.The 20 MW HydroWing tidal energy array will be deployed at Morlais off Anglesey in Wales, one of the largest consented tidal energy projects in Europe.  The contract with Hutchinson Engineering covers the fabrication of the foundation frame and the rear nacelle, including welding…

Norway Identifies Four More Sites for Offshore Wind Development

Jun 23, 2025

Norway's energy regulator has identified four more areas as most suited for future offshore wind development, it said on Monday, with the government now consulting on the findings before making a decision on which to move forward.Norway plans…

From Swamp Rigs to Floating Wind: Calvin Norton Reflects on 60 Years of Offshore Engineering

Jun 19, 2025

Calvin Norton spent 60 years with Friede & Goldman, with a career that spans and tracks some of the highest highs and lowest lows in the evolution of offshore energy production. As Norton heads toward retirement, and Friede & Goldman prepares to celebrate its own 80th anniversary…

Japan Energy Summit & Exhibition Opens in Tokyo

Jun 18, 2025

Opening Ceremony sets the tone for a pivotal three-day event focused on global cooperation,  diversified supply, and pragmatic climate solutions  Global CEO Panel featuring JERA, TotalEnergies, and Woodside underscores LNG’s role in energy  security…

Japan Energy Expo '25 Opens this Week

Jun 16, 2025

JERA’s major U.S. LNG supply deal sets the stage for Japan Energy Summit & Exhibition 2025, taking place 18 – 20 June in Tokyo, with live commentary expected from JERA’s Global CEO and METI during the Opening Ceremony.The Strategic Summit will feature top executives from Shell…

Commodity Report: Meeting Oil Demand a Challenge if Israel Hits Iran Oil

Jun 13, 2025

Oil market participants have switched to dreading a shortage in fuel from focusing on impending oversupply in just two days this week.After Israel attacked Iran and Tehran pledged to retaliate, oil prices jumped as much as 13% to their highest…

Exxon Signs Agreement With Azeri SOCAR to Explore Oil Production

Jun 02, 2025

Exxon Mobil and Azeri state energy company SOCAR said on Monday they signed a deal agreeing to explore onshore oil and gas production in Azerbaijan, while BP is expected to buy into new Azeri offshore fields, according to three sources.Azerbaijan's…

Penspen Strengthens North-East Commitment With New Aberdeen Office

May 27, 2025

International energy consultancy Penspen has underlined its long-term commitment to the north-east of Scotland by opening a new office in Aberdeen. The move to Balmoral Business Park in Altens marks a milestone in the company’s regional growth…

First Oil from Mero-4 FPSO in Brazil pre-salt

May 27, 2025

Shell Brasil Petróleo Ltda. (Shell Brasil), a subsidiary of Shell plc, announced the start of production at the floating production storage and offloading facility (FPSO) Alexandre de Gusmão in the Mero field in the Santos Basin offshore Brazil…

World Energy: Tariffs Reshape the Future

May 27, 2025

A new report from Wood Mackenzie, 'Trading cases: Tariff scenarios for taxing times', presents three futures for the global energy landscape, highlighting the far-reaching implications of ongoing trade tensions for the energy and natural resources sectors…

Kuwait, Saudi Arabia Make Oil Discovery in Neutral Zone

May 27, 2025

Kuwait and Saudi Arabia have made a new oil discovery in the Neutral Zone, which contains jointly operated oil fields between the two countries, Saudi state news agency (SPA) reported, citing a joint announcement.It is the first discovery since…

Equinor's Troll Gas Field Outage Extends to end of May

May 27, 2025

Equinor has extended a partial outage at Norway's Troll natural gas field until May 31 due to a compressor failure, the company said in a regulatory filing on Monday, pushing European gas prices higher.Norway in 2022 overtook Russia as Europe's…

Bottlenecks in Testing are Costing the Offshore Wind Industry Time and Money

May 16, 2025

With targets to deliver 50GW of offshore wind by 2030, and growing momentum in tidal, wave and floating solar, the UK’s Clean Power 2030 Action Plan sets out a bold vision. But this transition is far from straightforward. The industry is facing…

National Grid Takes $402 Million Hit on Paused New York Wind Project

May 15, 2025

National Grid booked a multi-million impairment charge on a paused U.S. wind project, but said on Thursday it was on track to invest 60 billion pounds ($79.74 billion) in energy networks through March 2029 and its results beat estimates.Its shares rose 2% to 1…

Green Marine Poised for Growth Alongside Potential UK Marine Energy Surge

May 13, 2025

Green Marine UK is poised for growth as one of the most experienced players in the UK’s rapidly expanding marine energy sector, as studies underscore the potential of wave and tidal technologies.With a track record delivering complex marine operations…

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