Taihan Cable & Solution has won a $77.3 million contract for the supply of subsea cables for the 365 MW Yeonggwang Nakwol offshore wind farm in South Korea, and purchased what is said to be the country's only cable-laying vessel (CLV) for the offshore wind market…
Prysmian Group has commissioned the inter-array cable system for the Fécamp offshore wind farm, located in the English Channel, offshore France.The Fécamp offshore wind farm is composed of 71 wind turbines with a total capacity of nearly 500MW…
The first hybrid Platform Supply Vessel (PSV), which uses batteries and diesel for propulsion, has started operating for Equinor in Brazil.With the battery bank installed, the PSV is able to operate with hybrid propulsion, switching between the use of electricity and diesel…
Industry continues chasing big oil, key gas targets also on the radarGlobal exploration drilling is set for a boost in 2024 – we have line of sight on over 200 wells targeting over 30 bnboe of resource (unrisked). Several gas hotspots are on the industry agenda…
UK-based oil and gas company Capricorn Energy is keeping its hopes up that Woodside's Sangomar offshore oil project in Senegal will produce the first oil by June 30, 2024, making it eligible for contingent pay of up to $50 million.In December 2020…
UK oil and gas company Baron Oil has signed a memorandum of understanding (MoU) with Timor Gap for the farm-up of 15% working interest in the Chuditch production sharing contract offshore Timor-Leste.Baron's wholly-owned subsidiary SundaGas Banda Unipessoal entered the MoU with Timor Gap…
Woodside Energy has achieved another significant step forward for the Sangomar Project with the sail away from Singapore of the Léopold Sédar Senghor FPSO.The FPSO, named after Senegal’s first president, is travelling 12,000 nautical miles from Singapore to its final destination…
The U.S. offshore wind industry is eying a brighter 2024, with work expected to start on several projects following a year marked by stalled developments and billions of dollars in write-offs.The offshore wind industry is expected to play a major role in helping several states and U…
Innovate UK’s Energy Catalyst program has awarded a little over $500,000 in grant funding for a project that will seek to develop Indonesia’s first fully offshore floating solar farm.The grant funding was approved for the Solar2Wave project…
Japan's Mitsui and Co has decided to pull its employees out of Russia's Arctic LNG 2 liquefied natural gas (LNG) project, the Sankei newspaper reported on Tuesday, citing several sources, in yet another blow for the project.Fearing the backlash from the sanctions…
Akkrake Petroleum, a fully-owned subsidiary of Rex International-Monarch Marine Holding joint venture Porto Novo Resources, has signed a production sharing contract for operatorship and working interest in an oil field offshore Benin, West Africa…
NYK Group’s Hokuyo Kaiun has received certifications from ClassNK for the safety management system (SMS) of its crew transport vessel (CTV) for the offshore wind industry.The certifications, ISO 9001:2015 and ISO 45001:2018, were obtained by combining the experience of Hokuyo Kaiun…
Malaysia’s Petronas Carigali and Thai PTTEP have signed agreements related to the development of PTTEP-operated oil and gas Blocks SK405B and SK410B located off the coast of Sarawak, offshore Malaysia.Petronas and PTTEP signed a memorandum of…
Brazilian oil company Enauta said on Monday it acquired the entire 23% stake held by QatarEnergy Brasil Ltda in some oil fields in the Campos Basin for a total value of $150 million.In a securities filing, the company said that the transaction to acquire a stake in the Abalone…
The holiday season is here, and in the best traditions of Offshore Engineer, we bring you the top festive videos shared by offshore industry companies this year as well.With plenty of ‘short and sweet’ videos to choose from, this year’s round up starts with our top three favorites coming from Fugro…
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