Industry News

 

Vattenfall Launches 344MW Danish Offshore Wind Farms

Sep 12, 2024

The Vesterhav Nord and Vesterhav Syd offshore wind farms, developed by Vattenfall with a combined capacity of 344 MW, have been officially inaugurated offshore Denmark.The two, almost identical wind farms, are located off the Danish west coast and consists in total of 41 wind turbines…

Prosafe’s Safe Concordia Secures $13M Extended Stay in Gulf of Mexico

Sep 12, 2024

Offshore accommodation rig provider Prosafe has informed that its Safe Concordia semi-submersible flotel will remain in the U.S. Gulf of Mexico for additional four months as part of $13.1 million charter extension.The charterer of the Safe Concordia…

Gulf Marine Services Lifts Backlog to $464M with Latest Long-Term Contract

Sep 12, 2024

Gulf Marine Services (GMS), a provider of jack-up support vessels for the global energy industry, has secured a new long-term contract for one of its vessels in the Gulf Cooperation Council (GCC) region.The contract spans a total of five years…

Woodside Energy Halts Production at Gulf of Mexico Oil Platform

Sep 12, 2024

Woodside Energy shut-in oil and gas output on Wednesday at its Shenzi offshore production platform in the U.S. Gulf of Mexico, the company said.An onshore refinery lost power prompting the shut-in, a Woodside spokesperson said.The company earlier…

Nexans Plans $99M Facilities Upgrade to Support European Offshore Wind

Sep 12, 2024

French subsea power cable maker Nexans has unveiled plans to invest $99 million (€90 million) in the construction of new and the upgrade of existing facilities to support the development of offshore wind and subsea interconnections in Europe…

Offshore Driller Seadrill Has Its Sights Set on Asset Acquisitions, M&A

Sep 11, 2024

Offshore drilling contractor Seadrill is looking to buy more assets or create a larger player by merging with peers, the company's CEO said on Wednesday.Norwegian-born billionaire John Fredriksen lost the control of the company, once the world's largest driller by market cap…

Korea's Hanhwa Sets Out Plan for Full Takeover of Singapore's Dyna-Mac

Sep 11, 2024

South Korean conglomerate Hanhwa Group has offered to acquire all of the shares it does not own in Singapore's Dyna-Mac Holdings, valuing the offshore oil and gas contractor at S$669.2 million ($513.90 million).Hanhwa's units Hanhwa Aerospace and Hanwha Ocean already own a 25…

First Steel Cut for IJmuiden Ver Beta HVDC Offshore Platform

Sep 11, 2024

Transmission system operator TenneT and marine engineering and construction company Seatrium have held a strike steel ceremony at Tuas Boulevard Yard in Singapore, marking the start of construction of offshore platform IJmuiden Ver Beta, one of the first Dutch 2 GW grid connection projects…

TWP Files Onshore Scoping Report for Bowdun Offshore Wind Farm

Sep 11, 2024

Thistle Wind Partners (TWP), a consortium of DEME Concessions, Qair and Aspiravi, has submitted a scoping report for the onshore infrastructure related to its 1 GW Bowdun offshore wind farm in Scotland.The report provides information on the…

Van Oord’s Brand New Calypso CLV Set for Debut at RWE’s Offshore Wind Project

Sep 11, 2024

Van Oord’s new cable laying vessel (CLV) Calypso is gearing up for its debut at RWE’s 1.4 GW Sofia offshore wind farm in the UK.The inter-array cables have been loaded onto Calypso CLV at the Port of Blyth in the UK, ahead of its first job at RWE’s biggest offshore wind…

Partly Electrified Equinor’s Troll Field Starts Operating with Reduced Emissions

Sep 11, 2024

Equinor-operated Troll B and C platforms in the North Sea have become partly powered from shore, which will result in the reduction of annual emissions from the Norwegian continental shelf (NCS) by 250,000 tonnes of CO2.The achievement is in…

Archer Nets Long-Term Drilling Deal with OKEA

Sep 11, 2024

Oilfield services firm Archer has secured a new five-year platform drilling contract with OKEA for work at Brage development, offshore Norway.The new contract has an initial estimated value of $79 million (NOK 850) million over a firm five-year…

ABS to Class and Verify Semisub Production Unit for BP’s Kaskida Project

Sep 11, 2024

American Bureau of Shipping (ABS) has secured a contract from BP to provide classification and engineering verification services for the semisubmersible production unit that will be deployed at Kaskida project in the U.S. Gulf of Mexico.ABS…

Transocean’s Deepwater Atlas Drillship Gets BP’s Gulf of Mexico Job

Sep 11, 2024

Offshore drilling contractor Transocean has secured a contract from BP for its Deepwater Atlas drillship, which will be put to work at U.S. Gulf of Mexico.The 365-day contract, valued at $232 million, also provides for a 365-day option. The program is expected to begin in the second quarter of 2028…

Exxon CEO Warns Future Shareholder Activists: Follow the Rules

Sep 10, 2024

Exxon CEO Darren Woods on Tuesday had warning words for activist shareholders thinking to emulate those who filed a climate-related shareholder proposal at the largest U.S. oil company.Exxon sued the investors early this year and Woods indicated…

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