Despite being the second-largest global market for onshore wind, the United States is today a very minor player in comparison to the European and East Asian offshore wind markets, however, this is about to change.Philip Lewis, Director of Research…
Offshore wind turbine maker MHI Vestas has awarded a contract to the Norwegian offshore vessel operator for the charter of the construction support vessel Normand Fortress.Under the contract, the vessel will support MHi Vestas' Walk-to-work operations at the Triton Knoll wind farm in the UK…
Even as the U.S. economy makes the switch over coming decades to renewable energy like wind and solar, the nation needs to ensure its fossil fuel industry stays healthy, a top U.S. central banker said on Friday.'The challenge for the country will be to transition…
The Indian government may give Cairn Energy a surrendered oil field such as the Ratna R-Series [offshore the west coast] in lieu of an arbitration award against the South Asian country, according to a Press Trust of India report in financial daily Mint…
Norway-based seismic survey services provider Shearwater GeoServices has won a contract for a marine seismic 3D survey in South East Asia.The company, owned by Rasmussengruppen, GC Rieber Shipping ASA, and Schlumberger, said that the contract was for two months…
Equinor and bp have completed their previously announced transaction including bp’s $1.1 billion purchase from Equinor of a 50% interest in two major lease areas off the US East Coast. The transaction is the first step in a strategic partnership…
More than 135 investors managing more than $2 trillion are forming a coalition to push Exxon Mobil Corp into making sweeping changes including refreshing its board and focusing more on energy transition, people familiar with the matter said on Friday…
Brazilian oil firm Petrobras has said it has identified the presence of hydrocarbons in the wildcat well in the block C-M-411, in the pre-salt region in the Campos Basin, off Brazil.The well 1-BRSA-1377-RJS, informally known as Urissanê, is located approximately 200 km from the coast…
U.S. oil major Chevron Corp swung to an $11 million fourth-quarter loss as low margins on fuel, acquisition costs and foreign currency effects overwhelmed improved drilling results.Oil companies are expected to benefit from a bounce-back in oil and…
BP's giant Argos offshore platform, to be used for the Mad Dog 2 development in the Gulf of Mexico, was this week loaded on Boskalis' BOKA Vanguard vessel in South Korea and is preparing set sail for the U.S.According to Boskalis, the Dutch marine services contractor…
Oil major Shell has this week signed an agreement to join a floating wind project in the Celtic Sea, offshore Ireland.The agreement, signed with Irish developer Simply Blue Energy, will see Shell acquire a 51% share of their Simply Blue Energy Kinsale venture…
Scotland-based wave energy technology company developer Mocean Energy is gearing up to deploy its scale prototype, Blue X wave energy converter at the European Marine Energy Centre (EMEC) in Orkney, Scotland.Mocean Energy has signed a berth agreement to test at EMEC’s Scapa Flow test site…
U.S. President Joe Biden's nominee for energy secretary, Jennifer Granholm, defended his administration's push for a clean energy transition as senators from fossil fuel producing states raised concerns about its impact on jobs at her Senate confirmation hearing on Wednesday…
Siem Offshore has signed a six-month contract with GE Renewable Energy for its vessel Siem Stingray for work in the renewables sector.The contract will start in April 2021, and GE Renewable Energy will have additional options to extend it.'This…
Oslo-listed company Magnora has said it has teamed up with an unnamed global offshore energy technology and service company to establish a joint floating wind company called Magnora Floating Wind. Magnora, formed a few years ago after oil rig…
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