Doubts are growing over Guyana's pick of a little-known U.S. startup to craft and develop projects to monetize its vast untapped natural gas resources that could cost up to $30 billion. Year-old Fulcrum LNG faces financing hurdles that could derail its selection…
When gazing out to sea from the shoreline from many parts of the UK today you’re increasingly likely to see offshore wind turbines gently turning on the horizon.These giant structures are supplying an increasing amount of the UK’s electricity mix (<20%)…
Poland is planning to assign new areas for offshore wind farms in the Baltic Sea and is drafting additional measures to boost the security of its critical energy infrastructure, government officials said on Wednesday.'Maritime offices will submit analyses any moment…
Swedish company Seabased has signed a three-party memorandum of understanding (MoU) with the Government of Grenada and SIDS DOCK to establish Grenada’s first utility-scale wave energy park.The agreement outlines a phased project that will begin…
Iberdrola, through its start-up program Perseo, has invested in the start-up Revestimientos Técnicos Sostenibles (RTS) to promote its innovative solutions related to manufacturing insulation and anti-corrosion coatings, which have a direct use on offshore wind structures…
CSL OWL Subsea Rock Installation, a newly formed partnership between the CSL Group and Offshore Wind Logistics (OWL), has ordered two newbuild subsea rock installation vessels tailored for the offshore wind sector.Each vessel will have a cargo capacity of 17…
Norwegian offshore vessel owner Solstad Offshore has secured multiple new contracts and contract extensions, whose combined value is $60 million.Solstad secured one new contract, and one contract extension from Petrobras, for work offshore Brazil…
U.S. oil major ExxonMobil and partners have pulled out of negotiations with Guyana's government on terms for exploring and developing a shallow-water oil block, the South American country's vice president said on Thursday.Exxon, U.S.-based Hess…
Malaysia’s oil and gas services firm Velesto has completed the wreck removal of the its Naga 7 jack-up rig, which submerged off the coast of Sarawak in Malaysia in 2021.The removal operations, except for the earlier removed helideck, were carried out by the contractor…
Offshore drilling contractor Shelf Drilling has received a notice of suspension for its High Island II jack-up rig from Saudi Aramco, following the similar notice it received from the same operator for High Island IV in the last month.The start…
BP and its partners have reached a final investment decision for a $7 billion Tangguh Ubadari carbon capture, utilization and storage (CCUS) project, which has the potential to unlock around 3 trillion cubic feet of additional gas resources in Indonesia to help meet growing energy demand in Asia…
SBM Offshore has completed the $1.5 billion project financing of the Jaguar floating production, storage, and offloading (FPSO) unit, which will be deployed at ExxonMobil's Whiptail project, located in the Stabroek Block, offshore Guyana.The…
ExxonMobil will drill a well off Cyprus in January in its pursuit of natural gas, a senior executive said on Thursday, one of several energy majors focusing on the region as Europe diversifies from Russia.The east Mediterranean has yielded some major gas discoveries in recent years…
Scottish ocean energy pioneer Mocean Energy has launched a crowdfunding campaign on Crowdcube, Europe’s largest private market investment platform.The campaign, which is now live, aims to finance the next phase of the company’s growth plans as it looks to mature its wave energy technology…
Offshore drilling contractor Seadrill has welcomed West Auriga and West Polaris drillships back to its fleet, which are now entering final preparations ahead of their assignments for Petrobras offshore Brazil.West Polaris and West Auriga are sixth and seventh generation ultra-deepwater drillships…
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