Danish offshore wind farm installation vessel owner Cadeler has hired Dutch firm KenzFigee to replace the current offshore deck crane on the jack-up vessel Wind Orca to make it ready for future offshore wind market needs.KenzFigee will deliver…
TMC has won a contract to supply the marine compressed air system to the Bacalhau FPSO that Japan's MODEC is building for Equinor. The deal is one of TMC's biggest ever orders.TMC will supply the FPSO’s complete compressed air system consisting of several large offshore screw compressors…
U.S. based ocean energy technology developer Ocean Power Technologies has acquired 3Dent Technology, an offshore energy engineering and design services company based in Houston, Texas. 'OPT’s first acquisition brings additional revenue from 3Dent’s established project and customer base…
Brazilian oil giant Petrobras has agreed to sell its share in Peroá Cluster to companies OP Energia and DBO Energia for up to $55 million.Petrobras will sell its interests in the mature gas fields Peroá and Cangoá, and in the concession BM-ES-21 containing the Malombe Discovery…
Strohm, a company that manufactures Thermoplastic Composite Pipe (TCP), has secured a contract to deliver two gas lift jumpers for an offshore project in deepwater Sabah, Malaysia.'This is the second time the firm’s technology has become a permanent application in the region…
Three60 Energy, a UK-based energy services company, will be providing Duty Holder O&M services to the FPSO Intrepid, currently producing from the Galoc Field, located offshore Palawan Island in the Philippines, in what is the company's first such contract outside of the UK…
Weir Group has completed the previously announced sale of its oil and gas business to Caterpillar.The sale, for an enterprise value of $405m, subject to customary working capital and debt-like adjustments, was first announced on October 5, 2020…
The chief compliance officer at Brazil's Petrobras is planning to step down in March, four people familiar with the matter told Reuters, in what would be the third exit by the state-owned oil firm's top corruption buster in three years.Petroleo Brasileiro SA…
BP plunged to a $5.7 billion loss last year, its first in a decade, as the pandemic took a heavy toll on oil demand, and the energy company warned of a tough start to 2021 amid widespread travel restrictions.Despite the weak environment, however…
Australia's Woodside Petroleum has put some activity on hold in Myanmar after generals seized power and detained elected leader Aung San Suu Kyi, and said on Tuesday it was monitoring the changing situation in the country.Woodside has been working…
Exxon Mobil Corp has created a division to commercialize its technology that helps reduce carbon emissions, as the U.S. oil major looks to step up efforts against climate change amid rising pressure from investors and activists.The move comes…
MHI Vestas Japan, a joint venture between Japan's Mitsubishi Heavy Industries, and Danish wind turbine maker Vestas Wind Systems started operations on Monday.The newly established joint venture is aimed at strengthening the two partners' collaboration in the field of renewable energies…
Oil firm Masirah Oil has informed that production has kicked off from the second development well drilled in the Yumna Field, in the Block 50, offshore Oman.The well was spudded on December 10, 2020, using the Shelf Drilling Tenacious jack-up rig…
Italian engineering and construction services firm Saipem has won a contract worth 460 million euros (around $556 million) to build and install foundations at a wind farm offshore France.The contract, awarded by Eoliennes Offshore du Calvados…
Dutch heavy lift and transportation company Mammoet is opening a new office in Taichung, Taiwan, to allow its team to be located closer to project sites and to offer onshore services for offshore wind farms locally.'Due to the rapid expansion…
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