Sif Holding n.v. will manufacture 84 monopiles (103 KTon steel) for the United States' first large-scale offshore wind farm, the 800 MW Vineyard Wind project off the coast of Massachusetts.Sif, based in the Netherlands, said its scope comprises manufacturing of the monopiles…
French oil major Total has sold its stakes in 10 UK offshore fields to Petrogas NEO for $635 million, as the majors continue to divest non-core assets to private equity-backed companies looking to expand their upstream footprint in the region…
China's offshore oil and gas specialist CNOOC Ltd said on Wednesday it entered a framework deal with China Petroleum and Chemical Corp, or Sinopec Corp, to jointly study and explore mostly offshore oil and gas blocks.Under the deal, the two…
The Dominican Republic's first oil licensing round will be a success if it awards more than two of the 14 blocks on offer this year, a government official said at an event disclosing the Caribbean nation's fiscal terms.The licensing round, which began on Wednesday with disclosure of contract terms…
McDermott International said it has been awarded a contract worth more than $3 billion for Package 1 of Saudi Aramco's Marjan Increment Development Mega-Project to provide engineering, procurement, construction and installation (EPCI) of the Gas-Oil Separation Plant (GOSP)…
US-based independent Murphy Oil said it has completed the sale of its oil and gas assets in Malaysia to a subsidiary of Thai company PTT Exploration and Production (PTTEP).The transaction was announced in March 2019, with an effective economic valuation date of January 1…
The U.S. State Department on Tuesday urged Turkish authorities to halt energy drilling operations off the Cypriot coast in the Mediterranean, a day after Cyprus protested a Turkish ship dropping anchor there.'This provocative step raises tensions in the region…
A.P. Moller Holding, which controls Danish shipping giant A.P. Moller-Maersk will acquire Danish wind turbine supplier KK Group, it said on Wednesday, in a first step into the renewable energy industry.The acquisition marks a new direction for the family-owned company…
Australia's Woodside Petroleum Ltd has started commissioning activities at the $1.9 billion Greater Enfield oil project off the state of Western Australia, two people with knowledge of the matter said on Wednesday.Oil from the project is expected to be sought after by traders in Asia…
Two contracts signed in Saudi Arabia for $3.5 billion by Italy's oil contractor Saipem are part of a shift in the company's strategy to focus more on natural gas, Chief Executive Stefano Cao said on Wednesday.Saipem said on Tuesday it won two…
Exxon Mobil Corp and Anadarko Petroleum Corp on Wednesday joined several other U.S. oil producers withdrawing staff from deepwater platforms in the U.S. Gulf of Mexico as what could be a major storm gathered.The withdrawals helped push U.S. oil futures up 3…
Offshore services firm Subsea 7 announced it has won a contract from Equinor for installation and diving operations on the Europipe II, Heimdal and Statfjord (EHS) fields, located in the Danish and Norwegian sectors of the North Sea.The deal is worth between $50 million and $150 million…
UK energy industry recruitment outfit ERSG has appointed Chris Stupack as head of offshore wind in the United States.Stupack will be leading ERSG's office in Boston, which opened in November last year, where the company will be focusing on supporting the development of the offshore wind market…
Swedish global engineering group Trelleborg's offshore operation has been awarded a major multi-million USD contract by Mexican state-owned petroleum company, Pemex, for Elastopipe.Elastopipe, a patented flexible piping system developed for transporting a variety of fluids…
Global offshore wind energy industry is estimated to grow at a CAGR of by +15% to reach USD 69.63 billion by 2025.The industry valued approximately USD 18.479 billion in 2016 is forecasted to grow with a healthy growth rate of more than 15…
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