Ashtead Technology has signed a global technology partnership with EdgeTech to bring the first eBOSS system to the subsea technology rental market.The EdgeTech Buried Object Sonar System (eBOSS) is the latest advanced technology sub-bottom sonar…
Norwegian offshore supply vessel operator DOF Group has secured a contract for subsea mooring installation services in Western Australia.Under the contract, DOF will use Skandi Hercules construction support vessel (CSV) with for moorings and installation subsea services…
UK’s first CO2 injection test for the Poseidon carbon capture and storage (CCS) project, which will store CO2 at Perenco-operated Leman gas field in Southern North Sea, has been completed.The test involved the injection of CO2 into a depleted natural gas reservoir in the UK’s Southern North Sea…
Belgium-based offshore installation services company DEME has signed an agreement to acquire Havfram, an offshore wind installation contractor based in Norway, in a deal worth $985.5 million.The strategic acquisition aligns with DEME's ambition…
SBM Offshore has signed a non-recourse sale and leaseback financing agreement for Cidade de Paraty floating, production storage and offloading (FPSO) unit, for the total amount of $400 million and with a tenor of eight years.The transaction is expected to be completed before the end of April 2025…
Italian energy group Eni will invest around 24 billion euros ($26.24 billion) in Algeria, Libya and Egypt over the next four years to help boost energy production, CEO Claudio Descalzi said on Tuesday.The investments would coincide with the…
The United States has revoked two licenses it had granted in recent years for the development of offshore natural gas projects between Trinidad and Tobago and Venezuela, the Caribbean country's prime minister, Stuart Young, said on Tuesday.Trinidad…
A prominent energy research firm slashed its five-year outlook for new U.S. wind energy projects by 40% on Tuesday, citing Trump administration policies and concerns about the economy.Wood Mackenzie expects the United States to install 45.1GW of wind…
Gulf Marine Services (GMS), a provider of jack-up support vessels to the offshore energy industry, has secured a contract for one of its large-class vessels in the Gulf Cooperation Council (GCC) region.The new contract spans a total of 142 days…
Hanwha Ocean has held a naming ceremony for its high specification ultra-deepwater drillship Tidal Action, signaling its official entry into the deepwater drilling industry.The Tidal Action is built on Hanwha Ocean’s proprietary design and is…
We4Ce, a Dutch rotor blade designer, has designed 10 rotor blade sets for Dutch wind turbine startup TouchWind for testing on its floating TW6 turbine, a self-tilting, one-piece rotor design that breaks from conventional three-blade models.Engineered to withstand wind speeds of up to 250 km/h…
Macquarie has cancelled the sale of one of the world's largest offshore wind power developers, due to lack of interest, two people with knowledge of the process said, amid opposition against the renewable energy source by the Trump administration…
Eni will continue to produce gas in Venezuela while engaging with the U.S. administration over a waiver to export oil from the Latin American country as payment for gas, the CEO of the Italian energy group said on Tuesday.Eni has been producing gas in Venezuela for the domestic market since 2022…
One of the world’s largest base ports for offshore wind activities Port of Esbjerg and Norwegian port operator WindPort have entered into a strategic partnership to accelerate offshore wind development in Norway.The partnership focuses on joint…
Northern Offshore Services (N-O-S) has taken delivery of the world’s first 100% biomethanol-powered crew transfer vessel (CTV), chartered by Vestas.M/V Transporter, designed, developed and provided by N-O-S, is a conversion from A-Class to T-class…
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