Japan's Mitsui OSK Lines, Toho Gas, and Hokuriku Electric Power will buy a stake of 25% in Formosa International Investment from Australia's Macquarie Group to enter Taiwan's offshore wind power business.The Japanese firms said the deal takes them into the overseas offshore wind power market…
Physical activity to construct America's first Jones Act-qualified wind farm service operations vessel (SOV) has kicked off on the U.S. Gulf Coast.The vessel, Eco Edison, is being built at Edison Chouest Offshore shipyards in Louisiana, Mississippi and Florida for planned delivery in 2024…
The storied South Brooklyn Marine Terminal (SBMT) complex in Brooklyn, N.Y. will be transformed into a major regional hub for offshore wind under a new agreement signed Thursday.Energy companies Equinor and bp said they reached a deal with terminal…
There’s often an upside to being among first-movers in an emerging industry, but many are often stifled by the risk inherent to new ventures. For Crowley, which today is leading the charge on a number of maritime fronts such as sustainability and decarbonization…
Mediterranean Sea-focused oil and gas company Energean has this week announced the connection of its Karish offshore gas field to the Israel National Gas Line (“INGL”), 'an important milestone in facilitating the operational readiness of the Karish field development…
Modern American Recycling Services, Inc. (M.A.R.S.) has acquired the DP3 diving support construction vessel “Caballo Marango” and will rename the vessel to 'Captain America.''The acquisition of this vessel represents a substantial investment…
The Russian assets of Norway's $1.3 trillion wealth fund, the world's largest, have become worthless following Russia's invasion of Ukraine and selling them as instructed by the government will take time, the fund's CEO said on Thursday.The…
German renewable energy industry giant RWE, in partnership with Commercial Rib Charters (CRC), is building 'a world-first' amphibious vessel for reaching offshore wind farms in shallow waters.'The unique crew transfer vessel has initially been…
Engineering firm, a major supplier to the oil industry, has decided to pay a regular dividend and buy back stock as it swung to a full-year profit in 2021 and its outlook improved, the company said on Thursday.Subsea 7 said it 'firmly' believed…
Singapore's marine logistics firm Marco Polo Marine has signed an agreement with F-drones, a company developing large scale autonomous delivery drones, to co-develop the world’s first large-scale, electric aerial delivery drones for offshore wind farms…
Japan’s growing offshore wind industry is gaining a Saab Seaeye Cougar XTi underwater robotic vehicle for cable burial inspection and other roles. Kaiyo Engineering has acquired the 2000m rated Cougar for deployment from a 250-ton mother ship…
Korea Floating Wind ('KF Wind'), a joint venture between Ocean Winds and Aker Offshore Wind, has received its second Electric Business License (EBL) from South Korea's government for a capacity of 450 MW, 'Obtaining the second EBL represents…
QatarEnergy on Wednesday signed a cooperation agreement with NAMCOR Exploration and Production (NAMCOR E&P), a subsidiary of the National Petroleum Corporation of Namibia (NAMCOR).'The agreement provides the framework for cooperation between…
Ocean bottom node seismic survey company Magseis Fairfield has agreed to buy Carbon Transition's proprietary node-on-a-rope handling systems in a deal that could see Carbon Transition earn $12 million.Magseis Fairfield will pay an initial USD 0…
Technip Energies has stopped working on business opportunities in Russia, the head of the French oil and gas services provider said on Thursday, in light of the Russian invasion of Ukraine.'We have ceased to work on future business opportunities in Russia…
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