Australia's Victoria state has postponed its inaugural auction for offshore wind farm funding, citing global investment hurdles, in a setback to an industry deemed vital to the country's transition from coal-fired power to renewable energy.The…
Eco (Atlantic) Oil & Gas, an Atlantic Margin-focused oil and gas exploration company, has signed amendments and secured license extensions across all four of its petroleum exploration licenses in Namibia and agreed to farm out its 85% stake in PEL 98 to Namibian-owned Lamda Energy…
Norway’s Ministry of Energy has received two applications to develop floating wind projects in the Utsira Nord area, marking the next step in the country’s effort to expand renewable energy capacity.The first application is from the consortium between Equinor Utsira Nord and Vårgrønn Utsira Nord…
Intermoor, Acteon’s Moorings and Anchors business line, and Jumbo Offshore, an offshore transportation and installation specialist, have entered into strategic alliance aimed at jointly delivering fully integrated project management, engineering…
Danish power cable maker and services provider NKT has been selected as the preferred bidder to deliver the 525 kV high-voltage direct current (HVDC) power cable system for Eastern Green Link 3 (EGL3), a major interconnector project linking Scotland and England…
A new analysis of environmental monitoring in the North Sea oil and gas sector, published by Offshore Energies UK (OEUK), the association representing the UK’s offshore energy industry, reports that emissions have been reduced, surpassing agreed targets…
Danish offshore wind developer Orsted has priced its $9.42 billion rights issue at 66.6 crowns ($10.46) per share, a 66.7% discount to the stock's closing price on Friday, as it shores up its finances in the face of mounting challenges.The company has been grappling with supply chain disruptions…
The Norwegian Offshore Directorate (NOD) has granted Equinor two drilling permits for wildcat wells in the North Sea.The first permit is for wellbore 34/4-19 S in production license 057, operated by Equinor with 31% working interest.Other partners in the license include Petoro 30%…
Subsea7 has secured a major project under the long-term agreement (LTA) with Aramco that relates to certain facilities located offshore Saudi Arabia.The contract scope includes the engineering, procurement, construction, and installation (EPCI) of 106 kilometers of infield and export pipelines…
Portugal’s Galp, Brazil’s Petrobras, U.K.’s Shell and Agência Nacional do Petroléo de São Tomé e Principé (ANP-STP) have formed a joint venture focused on early-stage exploration block offshore the African country.Galp has reached a farm-in agreement with KE STP Company…
Oilfield services provider Petrofac has secured a contract extension from ONEgas West, a Shell UK-operated venture, for asset support services in the U.K.’s Southern North Sea.The contract scope provides services across ONEgas West’s Southern North Sea portfolio…
BP's recent discovery of a giant oilfield offshore Brazil has reignited investor enthusiasm, echoing the aggressive exploration era two decades ago when companies were thirsty for resources amid fears the world was running out of oil.The announcement of the Bumerangue discovery…
Singapore-based marine services provider PACC Offshore Services Holdings (POSH) has been selected by Wison New Energies to tow the Nguya floating liquefied natural gas (FLNG) facility from China to the Republic of Congo.The FLNG unit will be…
U.S. Interior Secretary and Energy Council Chief Doug Burgum has said that it is not likely that there will be future offshore wind projects built in the country under the current Trump administration.During the Gastech conference in Milan,…
Lloyd’s Register (LR) has granted Approval in Principle (AiP) to Samsung Heavy Industries (SHI) for its new floating offshore wind turbine design, the SnapWind Float. SnapWind Float has been developed to deliver floating wind solutions that…
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