Tidal energy technology developer Minesto said Wednesday that, based on analyzed production data and verified simulations, its utility-scale Dragon Class tidal energy kites are each projected to produce 3.5 GWh of clean electricity per year at identified sites…
Offshore drilling company Island Drilling has this week secured two contracts for its 2012-built harsh-environment drilling semi-submersible drilling rig Island Innovator.The company said Tuesday it had won a contract with Petrofac to carry…
After weeks of delays, Australian oil and gas company Carnarvon Energy has informed that the Valaris JU-107 jack-up drilling rig is now being mobilized to the Buffalo-10 location, in the Timor Sea, with the drilling operation expected to start 'within a week…
New Fortress Energy has signed a Memorandum of Understanding (MOU) with Mauritania for the development of an Energy Hub, including natural gas, power, liquefied natural gas ('LNG'), and blue ammonia, using existing offshore gas reserves off the coast of Mauritania…
Wind speeds were milder than usual in Europe this year, so windmills across the bloc generated less electricity which worsened a crunch that sent power prices to record highs as utilities had to buy more coal and scarce, costly, natural gas…
Norwegian oil and gas company Aker BP has agreed to acquire Lundin Energy's oil and gas business, through a statutory merger, creating the second-largest oil and gas producer on the Norwegian Continental shelf.The transaction values the acquired assets to approximately NOK 125 billion (13…
No year is the same without the annual corporate festive YouTube videos. And while the pandemic is yet again trying to do its best to ruin our holidays, offshore companies have still provided us with a crop of Christmas cheer.Oceaneering, again…
Offshore drilling firm Vantage Drilling has agreed to sell its subsidiary Emerald Driller Company (“EDC”) to ADES for $170,000,000 in cash subject to certain adjustments. EDC is the owner of the Emerald Driller jackup rig, which is operating in Qatar…
Russia's largest oil producer Rosneft said on Tuesday that its board has approved new strategy through to 2030 with the aim of achieving net-zero emissions by 2050, earlier than President Vladimir Putin's deadline.Climate scientists have said…
Oil prices rebounded on Tuesday after a sharp fall in the previous session as investors' appetite for risk improved, although they remained cautious amid the rapid spread of the Omicron coronavirus variant across the globe.Brent crude was up 84 cents…
Norway's oil and gas output in November fell from the previous month, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday.Crude oil output declined to 1.73 million barrels per day (bpd) in November from 1.82 million bpd in October…
Norwegian offshore vessel operator Siem Offshore said Tuesday it had entered into a contract with an undisclosed 'long-term client' in Australia for two platform supply vessels.The contract is for the PSV's “Siem Pilot” and “Siem Thiima”. The…
Polish oil and gas company PGNiG has awarded a one-well contract for the CIMC-owned, Odfjell Drilling-managed, Deepsea Yantai offshore drilling rig.PGNiG's Norwegian subsidiary PGNiG Upstream Norway will use the Deepsea Yantai semi-submersible drilling rig to drill the Copernicus well on PL 1017…
GMS, a provider of jack-up service vessels for the offshore energy industry, has secured two new contracts for its E Class vessels.One E Class (Large Class) award includes a 6-month contract including options, for an unnamed renewables client in northwest Europe…
Energy expert and assurance provider DNV has provided Swedish floating wind tech firm Hexicon with a Statement of Feasibility for its TwinWay demonstrator which will be installed and operated at Metacenter, off the coast of Norway. With achieving this first step in the certification process…
Subscribe
