LS Marine Solution has secured $15.8 million subsea cable laying contract for work at an offshore wind farm being developed by Taiwan Power Company (Taipower), off Taiwan.The contract marks LS Marine Solution’s first international power grid…
BP on Tuesday reported a deeper-than-expected 48% drop in net profit to $1.4 billion on weaker refining and gas trading and announced the departure of its strategy chief.CEO Murray Auchincloss is in under pressure from activist investor Elliott to improve profitability and cut costs…
German engineering firm Jörss - Blunck - Ordemann (JBO) has secured two offshore wind foundation design contracts with asset manager Luxcara for projects in the German exclusive economic zone (EEZ).The contracts are for Waterkant and Waterekke offshore wind farms…
The U.S. Interior Department said on Thursday it has implemented new guidelines for allowable pressure differences in a certain type of oil drilling in part of the Gulf of Mexico, changes it expects can boost U.S. oil output.President Donald…
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The U.K. government has allocated $400 million, via publicly-owned clean energy company Great British Energy, to strengthen the domestic offshore wind supply chain.The funding, announced by U.K.’s Prime Minister Keir Starmer, will boost domestic jobs…
Dutch geological data specialist Fugro it would cut more jobs and shift focus to different business segments after confirming a drop in first-quarter revenue on Thursday, hit by a pause in new U.S. offshore wind projects.The company also cited a highly volatile global market environment…
The UK government and Italian energy company Eni are set to approve a 38-mile pipeline to collect carbon dioxide from industrial facilities in Liverpool and Manchester for offshore storage, the Financial Times reported on Wednesday.Both the…
Offshore drilling contractor Vantage Drilling has received a conditional letter of award (CLOA) for the Platinum Explorer ultra-deepwater drillship, valued at approximately $80 million.The CLOA, with an undisclosed client and 90-day validity period…
Tidal Action ultra-deepwater drillship has embarked on a voyage from South Korea to Brazil to start its maiden job at Petrobras’ Roncador field.The drillship has been officially handed over by its owner Hanwha Ocean to its subsidiary Hanwha Drilling…
The seventh generation Atlantic Zonda drillship, managed by Ventura Offshore Midco, has started operations for Petrobras under a three-year drilling contract.The Atlantic Zonda is managed by Ventura Offshore through marketing and operating agreements with the rig owner…
US Secretary of the Interior Doug Burgum has directed the Bureau of Ocean Energy Management (BOEM) to begin a public engagement process to develop a new schedule for offshore oil and gas lease sales on the U.S. Outer Continental Shelf.“Launching…
New York Governor Kathy Hochul has said she would fight the federal decision to halt all construction for the Empire Wind 1 offshore wind project made by the U.S. Department of the Interior (DOI).The U.S. Interior Secretary Doug Burgum ordered…
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