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U.S. Gulf of Mexico Offers Tremendous Advantages for CCUS, But Regulatory Support Required, NOIA Says

Jan 12, 2022

The U.S. National Ocean Industries Association (NOIA) on Wednesday released the policy paper, Carbon Capture, Use, & Storage: An Economic, Employment, & Climate Opportunity for the U.S Offshore Region, where it says that while the U.S. Gulf…

Iberdrola Joins Five Early-Stage Offshore Wind Projects in the Philippines

Jan 12, 2022

Spanish renewable energy industry firm Iberdrola said Wednesday it had signed an agreement with Triconti ECC Renewables, the Philippines’ largest independent wind developer, and  Stream Invest Holding AG, a Swiss renewable energy group, sealing…

P&A Firm Well-Safe Solutions Appoints Subsurface Team Lead

Jan 12, 2022

UKI-based offshore well plugging and abandonment specialist Well-Safe Solutions has appointed Mark Davison as the company’s Subsurface Team Lead, as the company expands the breadth of its service offering to include all aspects of subsurface plug and abandonment (P&A) design…

Seadrill Unit Files for Bankruptcy Seeking 24-hour Turnaround

Jan 12, 2022

A unit of offshore driller Seadrill Ltd on Tuesday filed a fast-tracked reorganization plan in Houston bankruptcy court, where it expects to seek approval of the proposal on Wednesday. The case comes just a few months after its parent entity emerged from its own bankruptcy proceeding…

Nexans to Build 110km Subsea Power Cable for U.S. Offshore Wind Farm

Jan 12, 2022

Subsea power cable maker Nexans has received an order to manufacture approximately 110km of high voltage subsea cables to South Fork Wind, a joint venture between Ørsted and Eversource. The 3-phase 138 kV high voltage alternative current (HVAC)…

EnerMech Names Ford as APAC Regional Director

Jan 12, 2022

Energy industry services firm EnerMech has appointed Garry Ford as regional director for Asia Pacific.UK-based EnerMech said Ford would drive further business growth across the energy, industrial and infrastructure sectors and strengthen its existing oil and gas operations in the region…

EDF, DP Energy Team Up on 1 GW Floating Wind Farm Project in UK

Jan 12, 2022

EDF Renewables UK has created a joint venture with project developer DP Energy to generate up to 1 gigawatt (GW) of wind power from floating turbines in the Celtic Sea, it said on Wednesday.The floating offshore wind project, ‘Gwynt Glas’, will likely span English and Welsh waters south of Ireland…

Indonesia Oil and Gas Lifting Falls for 5th Year Amid Failure to Tap New Sources

Jan 12, 2022

Indonesia's oil lifting, or ready-to-sell production, narrowly missed its target and fell for a fifth straight year in 2021, after a failure to tap new sources and as older fields matured, energy minister Arifin Tasrif said on Wednesday.The Southeast Asian country's oil lifting came in at 660…

Petrofac Hires Peterson for Hollandse Kust (zuid) Logistics Services

Jan 12, 2022

Energy logistics services firm Peterson has said it has secured a significant logistics contract from Petrofac to support the offshore installation phase of two 700MW transformation platforms for TenneT’s Hollandse Kust (zuid) offshore grid…

Hornbeck Offshore to Acquire 10 Vessels from Edison Chouest

Jan 12, 2022

U.S.-based offshore vessel owner Hornbeck Offshore Services has agreed to acquire ten high-spec new generation offshore supply vessels ('OSVs') from Edison Chouest Offshore affiliates.Eight of the vessels are U.S.-flagged, Jones Act-qualified…

Autoship Systems Corp. Launches Offshore Stability Solution for Jack-ups. Bags Contract with Seaway 7

Jan 12, 2022

Canadian firm Autoship Systems Corporation (ASC) in cooperation with its Norwegian reseller, Coastdesign Norway (CDN), has developed an offshore stability software for jack-up vessels called - the Autoload® - Jack Up version and has won a contract…

DEME to Buy Eidesvik's Viking Neptun Offshore Installation Vessel

Jan 12, 2022

Offshore installation company DEME has agreed to acquire Eidesvik's DP3 offshore installation vessel ‘Viking Neptun’. 'Representing a substantial investment, this move highlights DEME’s commitment to its customers, and supports the continued growth of the offshore wind industry…

Equinor Warns of $1.8B Impairment Charge for UK North Sea Mariner Oil Field

Jan 12, 2022

Norwegian energy major Equinor said on Wednesday it had cut the resource estimates for its Mariner oilfield in the British North Sea, triggering an impairment charge of around $1.8 billion.Total recoverable reserves from the field, which is operated by Equinor with a 65…

Iberdrola Increases its U.S. Offshore Wind Portfolio to 4.9 GW

Jan 11, 2022

Spanish renewable energy company Iberdrola, via its subsidiary Avangrid Renewables, has, as part of an earlier agreement with Copenhagen Infrastructure Partners, formally concluded an agreement to take control of over 2 GW of US offshore wind capacity…

Magseis Fairfield, Fairfield Industries in Mediation Over Middle East Project

Jan 11, 2022

Norwegian ocean bottom node survey firm Magseis Fairfield ASA on Tuesday disclosed an ongoing mediation process between Magseis Fairfield ASA and Fairfield Industries Inc. regarding certain contractual claims between the parties. On October 30…

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