The U.S. Department of Energy’s (DOE) Wind Energy Technologies Office (WETO) and Innovation Fund Denmark have announced an intention to release a $4.2 million funding opportunity to advance floating offshore wind energy systems.The announcement…
The U.S. Department of Energy (DOE) has set out plans to invest $4.75 million to establish a new national center of excellence to accelerate offshore wind deployment across the United States.The Academic Center for Reliability and Resilience of Offshore Wind (ARROW)…
Exxon Mobil Corp said on Thursday it will exit Equatorial Guinea in the second quarter of this year, when the oil major will transfer its remaining investments in the country to the local government.Reuters reported in 2022 that Exxon had decided to leave the country once its licenses expired…
A consortium, led by Toshiba and Aquatera, has been awarded $1.9 million UK government funding to design a pilot microgrid project that will be powered by wave energy on a remote island in Thailand.Aside from Toshiba Europe and Aquatera, the consortium also includes Eco Wave Power…
EthosEnergy has signed a five-year master service agreement (MSA) with Harbour Energy for maintenance and support services across three production assets in the North Sea.The agreement, with an option to extend, will see EthosEnergy becoming…
Swedish tidal energy company Minesto has secured a $267,000 grant (SEK 2.8 million) from the Swedish Energy Agency to upgrade its mooring system.The grant will support the development and testing of the next generation mooring system by co-funding…
Africa-focused oil firm Tower Resources has received an extension of the first exploration period at its Thali license offshore Cameroon.Tower Resources received formal notification from the Minister of Mines, Industry and Technological Development…
Norwegian oil and gas company Aker BP has declared an option to extend the contract for Eidesvik Offshore’s supply vessel Viking Lady.The contract extension runs from February 2025 in direct continuation of the current contract, extending the firm period to February 2026…
US Forged Rings (USFR) has unveiled plans to invest $700 million to construct a state-of-the-art tower fabrication facility and a steel forging plant that would serve the U.S. offshore wind industry.The U.S.-based company will use these two…
DNV has published a substantial revision to the ‘go-to standard’, DNV-ST-N001, for the design and planning of marine operations for the transport, installation and removal of offshore wind farms, subsea cables and oil and gas assets.The new…
Norwegian marine seismic services firm Shearwater GeoServices has been contracted by the Oil and Natural Gas Corporation (ONGC) for a 3D seismic survey project in the Cauvery Basin, located off the east coast of India.This is another contract awarded recently by ONGC to Shearwater…
Aker software company Aize has signed an agreement with ExxonMobil Guyana and SBM Offshore to deploy Aize digital twin software on the floating production storage and offloading (FPSO) units Liza Unity and Liza Destiny offshore Guyana.Aker-owned…
Offshore drilling contractor Shelf Drilling has approved a management transition plan that will see the current CEO David Mullen step down from the role, with Greg O’Brien taking his position from August 2024.Shelf Drilling has launched a search…
Seaway 7 and Dong Fang Offshore have signed a memorandum of understanding (MoU) outlining their intention to collaborate in offshore wind market in Taiwan, with a focus on cable installation.The collaboration will focus on developing a robust…
U.S.-based offshore drilling company Diamond Offshore has secured new contract with Serica Energy in UK and extension with BP in the Gulf of Mexico, adding $360 million of additional backlog.Diamond Offshore secured two-year contract extension with a subsidiary of BP in the U…
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