Malaysia's Icon Offshore Berhad has said it has received a letter of award from a 'Petroleum Arrangement Contractor (PAC),' exercising drilling contract extension options for a jack-up drilling rig.The rig is owned by Icon offshore's subsidiary Perisai Offshore…
Construction engineering company Linxon and its parent companies Hitachi ABB Power Grids and SNC-Lavalin/Atkins have partnered up to bring together the technology and project execution expertise needed to make floating substations for offshore wind a reality…
UK-based renewables firm SSE Renewables will, together with the Japanese renewable energy developer Pacifico Energy, form a joint venture firm that will explore offshore wind project development in Japan.As part of the agreement, SSE Renewables…
TotalEnergies, a French oil major working to increase its involvement in the renewable energy industry, has with Macquarie’s Green Investment Group and Scottish developer RIDG, announced their bid for an offshore wind project in an area west of the Orkney Islands…
TotalEnergies plans to buy back $1.5 billion of its shares in the fourth quarter and boost its investment in renewable energy with the help of high oil prices, the French energy major said on Tuesday.'TotalEnergies is confident in its ability to combine energy transition and shareholder return…
The UK government has joined the Offshore Renewable Energy (ORE) Catapult’s Floating Offshore Wind Centre of Excellence (FOWC0E) as a strategic partner, through its Department for Business, Energy and Industrial Strategy (BEIS).The center's…
Brazilian oil firm Enauta has said production from the Manati offshore field in Brazil was stopped preventively on Monday due to small gas leakage in the inland pipeline between the compression station and the gas treatment station. 'The operator is assessing the causes of this incident…
Offshore cable maker JDR Cable Systems on Tuesday announced plans for UK government-backed Northumberland-based manufacturing facility, creating 170 UK jobs.The subsea cable and umbilical supplier and servicer, part of the TFK Group, will open a subsea cable manufacturing facility in Cambois…
State oil giant Abu Dhabi National Oil Co (ADNOC) has completed bookbuilding for the initial public offering (IPO) of ADNOC Drilling, raising more than $1.1 billion, it said on Monday.The offering was oversubscribed, with total gross demand amounting to more than $34 billion…
Oil major BP on Tuesday announced the start-up of its Thunder Horse South Expansion Phase 2 project in the U.S. Gulf of Mexico.The second phase is expected to increase output at one of the largest fields in the Gulf of Mexico, with peak annual average gross production of 25…
Seaway 7, a renewables-focused subsidiary of offshore installation firm Subsea 7, has awarded Briggs Marine a contract to supply demarcation buoys and wave rider buoys for the Seagreen Offshore Wind Farm. 'These buoys will play a critical role…
Singapore-based offshore vessel operator Miclyn Express Offshore (MEO) has appointed Darren Ang as CEO. Ang, who took over as CEO from Diederik DeBoer, has been with the company for 22 years.Prior to becoming CEO, Ang served as Deputy Chief Executive Officer…
Oil markets climbed for a sixth day on Tuesday, boosted by a tighter supply and firm demand outlook, but power shortages in China which hit factory output tempered the rally.Brent crude futures gained 67 cents, or 0.8%, to $80.20 a barrel at 1016 GMT…
Renewable energy's share of Germany's power consumption dropped to 43% in January-September from 48% a year earlier as wind output fell, preliminary industry data showed on Tuesday, demonstrating the impact of weather on supply security.Onshore…
Offshore safety equipment provider VIKING has said it has won a contract with FPSO supplier BW Offshore to deliver has selected VIKING Norsafe free-fall lifeboats, daughter craft, and davits for a large FPSO project which will operate off northern Australia…
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