Joe Biden offered American voters a radically different vision of energy policy from President Donald Trump, focused on addressing the threat of climate change.He will enter the White House with a goal of setting the US on course for net zero…
Malaysian state-owned energy giant Petronas is expected to pay the resource-rich state of Sabah 1.25 billion ringgit ($303 million) in sales tax next year, state media said.Sabah Deputy Chief Minister Jeffrey Kitingan said Prime Minister Muhyiddin…
Offshore accommodation specialist Prosafe has won a contract extension with Brazil's Petrobras for the provision of the Safe Notos semi-submersible vessel for safety and maintenance support offshore Brazil. The original three years and 222-day firm period were due to complete in July 2020…
Oil prices rose more than 2% on Monday, with Brent futures topping $40 a barrel, after Joe Biden clinched the U.S. presidency and buoyed risk appetites, offsetting worries about the impact on demand from the worsening coronavirus pandemic.Brent crude futures for January climbed 94 cents…
Offshore wind in North America has the potential to impact the entire offshore energy, maritime, ports and logistics value chain. This webinar delivers insights on the current progress, future pace and direction of development in the Offshore Wind market in North America…
U.S. oil firm Hess has completed the sale of its interest in the U.S. Gulf of Mexico Shenzi deepwater oil field to BHP for $505 million.The deal, announced in October, sees BHP taking over Hess' 28 percent stake in the six-lease development in the U…
WIND, a shipping company providing specialized logistic services to the subsea cable industry, has opened a branch office in Taiwan, a growing offshore wind market.Patrick Schelvis, Area Manager Asia said: 'We are proud that our clients requested…
Fairfield Betula, a UK company focused on offshore decommissioning, has extended the charter for the use of Solstad Offshore's Far Symphony platform supply vessel.Solstad Offshore said Friday that the contract for the PSV was firm until the…
Canadia subsea robotic company Kraken Robotics has completed its third offshore data acquisition and technology demonstration campaign as part of the $19 million OceanVision project.During the campaign, Kraken deployed its new SeaScout system…
Offshore drilling contractor Noble Corporation has secured a contract extension for the Noble Mick O'Brien jack-up rig in Qatar.The Noble Mick O'Brien jack-up had had a contract with Qatar Gas running until mid-November 2020.Qatar Gas has now extended the contract…
Offshore heavy lifting specialist Heerema Marine Contractors has decided to close its joint ventures in Angola. Heerema said Friday that the ongoing poor market conditions and sustained low oil price meant that its Angola ventures were no longer economically viable…
The European Union is considering a plan to increase its offshore wind energy capacity five-fold this decade and 25-fold by 2050, as it seeks to become climate neutral by mid-century, according to a draft policy.The 27-nation EU, which is already home to 42% of the world's offshore wind capacity…
Malaysian oil giant Petronas has announced its plan to achieve net-zero carbon emissions by 2050.The company' President and Group Chief Executive Officer, Tengku Muhammad Taufik said: 'As the world contends with the many challenges brought about by energy transition…
Mainstream Renewable Power has signed a joint development agreement with Vietnamese company Advance Information Technologies Corporation (AIT), to co-develop a 500MW offshore wind project in Ben Tre province, Vietnam.The project received the requisite site survey license earlier this year…
Vattenfall's new CEO, Anna Borg, will increasingly partner with other companies rather than go it alone to grow its portfolio of European offshore wind projects, she told Reuters.Formerly the CFO at the company, Borg took over from Magnus Hall on Nov…
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