The U.S. offshore wind segment shows no signs of slowing on its journey to deploy 30 gigawatts (GW) of offshore wind by 2030 and 110 GW by 2050. Based on current project activity we anticipate around 60 GW of offshore wind capacity to be installed by 2035…
The world's first dual-fuel hydrogen- and diesel-powered crew transfer vessel (CTV) is ready for service, outfitted to run the cleaner fuel that reduces up to 80% of its traditional fuel usage and associated emissions.The 25-meter vessel, Hydrocat 48—owned by Windcat Workboats…
Norwegian offshore services firm Aker Solutions said Wednesday it had secured a 'significant' three-year contract extension to an existing framework agreement for work at North Sea fields operated by ConocoPhillips Skandinavia.Aker Solutions defines a significant contract as being between NOK 1…
Greensea Systems today launched Bayonet Ocean Vehicles, a new company created to develop, manufacture, and distribute a line of amphibious robots recently acquired from C-2 Innovations Inc.The deal includes the acquisition of the IP and inventory of C-2 Innovations’ crawling robot product line…
UK-based oil and gas company IOG has resumed production from its Saturn Banks fields in the North Sea at reduced levels following a halt in May due to Perenco Bacton terminal's issues with handling the fields' condensate.IOG said Wednesday that on 31 May…
The UK Competition and Markets Authority (CMA) said Wednesday that offshore helicopter operator CHC must unwind its completed acquisition of Babcock’s oil and gas offshore helicopter services to address competition concerns.'CHC provides offshore transport in the oil and gas sector…
The UK-based oil and gas company Hurricane Energy with its partner Spirit Energy has decided to relinquish its stake in the Greater Warwick Area license containing the Warwick discovery offshore the Shetland Islands.Greater Warwick Area comprises…
Europe's race to replace Russian gas supply has threatened Australia's plans for five gas import terminals as they compete for key infrastructure, raising the risk of a supply shortfall in Australia's populous southeast in the next two years…
Offshore drilling contractor Aquadrill has secured work for two of its drilling units, the Polaris drillship and the T-15 tender assisted drilling barge.Aquadrill and Vantage Drilling, as a manager of Aquadrill's drilling rigs, have reached…
Norwegian oil company Sval Energi has completed the acquisition of Spirit Energy Norway from Centrica.The USD 1,026 million Spirit Energy Norway acquisition closed May 31, with January 1 2021 as the commercial effective date. The acquisition includes 45 licenses (6 operated)…
Australia-based Woodside Energy's all-stock merger with BHP's oil and gas business was completed Wednesday.Woodside has acquired the entire share capital of BHP Petroleum International Pty Ltd (BHPP) and issued 914,768,948 new Woodside shares to BHP…
Norwegian oil and gas company Aker BP has made a minor oil and gas discovery at the Overly prospect in the North Sea, offshore Norway.The wildcat well, formally known as well 2/8-19, was drilled about 10 kilometers north of the Valhall field…
Italian energy services group Saipem has agreed to sell its onshore drilling business to Britain's KCA Deutag (KCAD) for $550 million, as it strives to bolster its finances after a profit warning and focuses on offshore drilling.Asset sales…
Italian gas group Snam has agreed to buy Golar LNG's floating storage regasification unit (FSRU) Golar Tundra for $350 million.The Golar Tundra can operate both as an LNG carrier and as an FSRU. The vessel, built in 2015, has a storage capacity of around 170…
Brazilian President Jair Bolsonaro, seething about fuel prices as his poll standings slip ahead of October's presidential election, has intensified his calls to shake up the board and management of state-run oil company Petrobras.But it will…
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