U.S. energy company Dominion Energy said on Friday that its roughly $10 billion Coastal Virginia Offshore Wind project was on budget and on track for completion in late 2026.The company said in its second quarter earnings presentation that it expected to get a Record of Decision from the U…
Norwegian offshore vessel operator Golden Energy Offshore Services (GEOS) has entered into a binding Memorandum of Agreement for the acquisition of four platform supply vessels and one subsea support vessel from subsidiaries of Vroon Holding B…
Vast arrays of solar panels floating on calm seas near the Equator could provide effectively unlimited solar energy to densely populated countries in Southeast Asia and West Africa.Our new research shows offshore solar in Indonesia alone could generate about 35…
APA Corp. said on Wednesday its most recent appraisal well in Block 58 off Suriname's coast confirmed the extension of oil resources 14 kilometers from the discovery well.APA's exploration in Suriname has been closely watched as it could become Suriname's first commercial deepwater project…
Oil prices were on track for a sixth week of gains after Saudi Arabia and Russia, the world's second and third-largest crude producers, pledged to cut output through September.Brent crude futures for October edged 33 cents higher to $85.47 a barrel by 1326 GMT…
Iran's foreign minister has invited his Kuwaiti counterpart to Tehran, Kuwait said on Thursday, as tensions simmer over the offshore Durra gas field.Saudi Arabia and Kuwait claim exclusive joint rights to the field while Iran also claims a stake and says a Saudi-Kuwaiti agreement to develop it…
The U.S. Coast Guard on Thursday medevaced a 71-year-old man from an offshore supply vessel around 100 miles southwest of Port Fourchon, Louisiana.Coast Guard Sector New Orleans watchstanders received a call at approximately 2:51 a.m. from the…
Shuttle tanker owner KNOT Offshore Partners will appoint Derek Lowe as new Chief Executive Officer and Chief Financial Officer with effect from the week of September 11, 2023.The new appointment comes following the decision of Gary Chapman to…
Brazilian national oil company Petrobras posted a nearly 36% drop in its second-quarter profits on Thursday, citing falling crude prices, although earnings surpassed analyst expectations. Latin America's top oil producer posted recurring net profit of 28…
Offshore wind installation services firm Seaway 7, part of Subsea 7, has ordered the entire monopile installation spread for jack-up vessel Seaway Ventus from the Dutch firm Huisman.The GustoMSC NG-14000XL-G jack-up vessel was originally ordered by OHT…
Abu Dhabi National Oil Company (ADNOC) has agreed to acquire a 30% stake in the TotalEnergies-operated Absheron gas and condensate field in the Caspian Sea, for an undisclosed fee.Upon completion of the transaction, ADNOC will own a 30% stake in Absheron…
INPEX Operations Australia, an Australian subsidiary of the Japanese firm INPEX, has exercised an option to extend the contract for the ultra-deepwater semi-submersible rig Noble Deliverer for drilling at the Ichthys field in the Browse Basin offshore Western Australia…
Italian firm Saipem has won two new contracts for offshore engineering and construction work in Romania and in Germany, with a total value of approximately 1.8 billion euros (currently around $1,97 billion).The first contract relates to the…
A Jones-Act-compliant offshore supply vessel (OSV) has been converted for use as a crew transfer vessel (CTV) in the growing U.S. offshore wind industry.Windea CTV, a joint venture between MidOcean Wind and the Hornblower Group, said the vessel…
Britain has increased the amount available in its latest auction round to spur renewable power projects by 22 million pounds ($28 million) taking the total to 227 million pounds, the government said on Thursday.The move comes after Britain’s…
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