Industry News

 

Endiprev Steps Up Its Offshore Wind Game with Vineyard Job

Jan 19, 2024

Endiprev has strengthen its international profile after becoming the lead engineering services provider for the 806 MW Vineyard Wind 1 project - USA’s first utility-scale offshore wind energy project.The Texas-headquartered company delivers…

ABB to Deliver Electrical System for ExxonMobil’s Errea Wittu FPSO

Jan 19, 2024

Singapore’s Offshore Frontier Solution – a joint venture between MODEC and Toyo Engineering Corporation – has awarded ABB a contract to deliver a complete electrical system and associated digital solutions for Errea Wittu floating production storage and offloading (FPSO) unit…

100 Odfjell Drillers on Equinor’s Mariner Platform to Go on 3-Month Strike

Jan 18, 2024

UK-based workers' union Unite confirmed on Thursday that around 100 offshore drillers employed by Odfjell Technology and working on Equinor’s Mariner platform are set to strike over three months to secure improvements to working rotas.Unite members voted unanimously in favor of strike action…

US DOE Launches $14.5M Marine Energy Research Call

Jan 18, 2024

The U.S. Department of Energy's (DOE) Water Power Technologies Office (WPTO) and Wind Energy Technologies Office (WETO) have released a $14.5 million funding opportunity to support foundational research at higher education institutions related to marine renewable energies…

WoodMac: Asian LNG Demand Could Rise 5% in 2024

Jan 18, 2024

Asian liquefied natural gas (LNG) demand is projected to increase by 5% at 12 million tons (Mt) in 2024, following a 2% at 5 Mt growth in 2023, according to the most recent report by Wood Mackenzie.China, the world’s largest LNG import market…

Norway's METCentre Invites Bids for Floating Wind Test Berth

Jan 18, 2024

Marine Energy Test Centre (METCentre) in Norway has launched a tender process for companies or consortia looking to test their floating offshore wind technology.The test center for floating offshore wind METCentre has an available berth, located outside of Karmøy on the west coast of Norway…

Equinor Awards $143M Contract for Snøhvit Future Project

Jan 18, 2024

On behalf of the Snøhvit partners, Equinor has awarded a construction and installation contract to Leonhard Nilsen & Sønner (LNS) to build a tunnel and landfall for the project expected to strengthen Norway’s position as a long-term supplier of gas produced with very low greenhouse gas emissions…

Valeura Gears Up for Busy Year in Gulf of Thailand

Jan 18, 2024

Canada-based oil and gas company Valeura Energy has announced plans to invest around $8 million in 2024 for new exploration within its Gulf of Thailand licenses, with opportunities identified in Wassana North, Nong Yao D, and the Ratree Prospect…

Saudi Arabia Unveils Oil Platform-Inspired Adventure Tourism Rig

Jan 18, 2024

Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has launched the masterplan for THE RIG – a world-first adventure tourism destination to be built on an offshore platform in the Arabian Gulf.The vision for THE RIG project…

Woodside Funds Rice-Led Cold Plasma Project

Jan 17, 2024

Rice University and Woodside Energy have announced a five-year technology collaboration aimed at reducing greenhouse gas emissions and providing lower carbon solutions. Woodside will provide $12.5 million to fund the creation of the Woodside-Rice Decarbonization Accelerator…

Stena Drilling Takes Delivery of Stena Evolution Drillship

Jan 17, 2024

Offshore drilling contractor Stena Drilling has taken delivery of its 7th generation Stena Evolution ultra-deepwater drillship from Samsung Heavy Industries.After a decade in the making, Stena Evolution drillship has finally been completed and is ready for its first job…

Shell Halts All Red Sea Shipments

Jan 17, 2024

British oil major Shell suspended all shipments through the Red Sea indefinitely after U.S. and U.K. strikes on Yemen's Houthi rebels triggered fears of further escalation, the Wall Street Journal reported, on Tuesday, citing people familiar with the decision…

Esvagt to Build New SOV to Service Dutch Offshore Wind Farm

Jan 17, 2024

Danish vessel owner Esvagt has secured a service contract with Vestas for Ecowende’s Hollandse Kust (west) offshore wind farm in the Netherlands, and started the process of designing and building the new service operation vessel (SOV).The newbuild will be the sixth purpose-built SOV for Vestas…

Ignitis and CIP Secure Second Offshore Wind Deal in Estonia

Jan 17, 2024

Copenhagen Infrastructure Partners (CIP) and Ignitis Renewables have placed the highest bid in Estonia’s auction-based competitive tender, securing the rights for the development of an offshore wind farm in the Liivi 1 seabed area.CIP and Ignitis Renewables placed the highest bid of $1…

Shell Makes FID for Victory Gas Field in North Sea

Jan 17, 2024

Shell has taken a final investment decision (FID) on the Victory gas field in the UK North Sea, approximately 47 km north-west of the Shetland Islands.Once onstream, the field will help to maintain domestically produced gas for Britain’s homes…

Current News

Equinor Renews Subsea Inspection Deal with Subsea 7

Equinor Renews Subsea Inspecti

Saipem Gets DNV Certification for Offshore Asset Lifecycle Management

Saipem Gets DNV Certification

Archer to Remain North Sea Drilling and Maintenance Duty for Aker BP

Archer to Remain North Sea Dri

Tekmar Secures Over $9M Offshore Wind Cable Protection Deal

Tekmar Secures Over $9M Offsho

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