Cuba, mired in an energy crisis that has brought frequent blackouts, is negotiating with a Turkish company to have it double the megawatts it currently produces for the country from shipboard generators just offshore, according to two people with knowledge of the discussions…
American Bureau of Shipping ABS said Wednesday it was providing New Technology Qualification (NTQ) services for pioneering subsea storage technology from NOV.The Joint Development Project (JDP) includes NOV, ABS, Equinor, Shell, The Research…
Wholesale gas prices have scaled 'insane' levels that will ultimately hurt demand, although the lack of Russian gas means Europe's supply will be tight for several years, the chief executive of German oil firm Wintershall Dea said on Tuesday…
Norway's Kongsberg Maritime has signed a contract with Norwegian vessel operator Olympic to outfit two new Construction Service Operation Vessels with a technology suite. The contract is worth around NOK 64 million (around $6,4 million).Two…
Knutsen NYK Offshore Tankers (KNOT), an affiliate of NYK, has taken delivery of a dual-fuel LNG shuttle tanker built at Daewoo Shipbuilding & Marine Engineering yard in South Korea. The vessel has been named “Sindre Knutsen.”Like its sister ship “Frida Knutsen…
Danish renewable energy giant Ørsted said Wednesday that Hornsea 2, the world’s largest installed offshore wind farm, is now fully operational off the UK coast. The 1.3GW offshore wind farm comprises 165 wind turbines, located 89km off the Yorkshire Coast…
Eight European Union countries bordering the Baltic Sea have agreed to increase offshore wind power generation capacity sevenfold by 2030 to decrease dependency on Russian energy, Denmark's prime minister said on Tuesday. The pledges come after…
Russia halted gas supplies via a major pipeline to Europe on Wednesday, intensifying an economic battle between Moscow and Brussels and raising the prospects of recession and energy rationing in some of the region's richest countries.Flows fell…
Abu Dhabi National Oil Company (ADNOC) on Wednesday announced the award of five framework agreements valued at $1.83 billion (AED6.72 billion) for Directional Drilling and Logging While Drilling (LWD).According to ADNOC, the deals are the largest…
Private equity-backed British oil firm Neptune Energy still plans an initial public offering though it does not see an opportunity to list this year, the exploration and production (E&P) company's chief executive told Reuters on Tuesday.Neptune…
Shell's Vito deepwater oilfield in the U.S. Gulf of Mexico will start production in early 2023, partner Equinor said on Wednesday.'It is in the early stages of being installed with the intent of first production (in) early 2023,' Chris Golden…
Norwegian offshore vessel owner Solstad Offshore has secured four new contracts for its subsea construction vessels (CSV). The contracts have a combined firm vessel utilization of 410 days, with additional subsequent options, on projects in North Europe…
Centrica's Rough gas storage site off England's east coast has received all the regulatory approvals to start storing gas again, Britain's oil and gas regulator said on Tuesday.Countries across Europe have been building gas stocks ahead of winter to prepare for disruptions to supply of Russian gas…
Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects, including some in the remote iceberg waters far off Canada's Atlantic coast.Surging oil prices are encouraging the investments…
Marine robotics technology specialist Greensea Systems Inc. announced it has opened an office in San Diego to accommodate its growing workforce and support strengthening its presence in the region.The new location—Greensea's third alongside existing offices in Richmond…
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