Italian energy firm Eni said Tuesday it had installed the world's first Inertial Sea Wave Energy Converter (ISWEC) device connected to the electricity grid of an island.The ISWEC is located about 800 meters off the coast of Pantelleria island…
Danish offshore support vessel owner Maersk Supply Services has secured three-year contracts for three of its L-class anchor handlers with Petrobras in Brazil.Petrobras will use the vessels for a broad scope of anchor handling activities and offshore drilling rig movements…
The Kremlin said on Monday that it was for all shareholders to decide whether Nord Stream gas pipelines damaged in blasts last year should be mothballed. Sources familiar with the plans told Reuters last week that the ruptured Nord Stream 1 and Nord Stream 2 pipelines…
Oil producers Chevron Corp and Talos Energy Inc on Monday said they have tripled the size of a proposed carbon capture and storage hub for the Gulf Coast.Their joint venture, which includes Carbonvert Inc, plans to collect and bury greenhouse gases from clients in the petrochemical…
Barcelona-based floating wind technology firm X1 Wind said Tuesday that its X30 floating wind prototype, installed in the Canary Islands, Spain, has produced its first kWh.The company said the milestone marked the world’s only floating wind platform currently installed with a TLP mooring system…
EDF Renewables, Jan De Nul Group, and Luminus have teamed up to bid for a commercial-scale offshore wind tender for the first phase of the Princess Elisabeth Zone in Belgium.The Princess Elisabeth Zone is an area identified by the federal government…
Negotiations for the construction of a $30 billion liquefied natural gas (LNG) terminal between Tanzania, Norway's Equinor and Britain's Shell are complete and contract preparations are underway, Tanzania's energy ministry said.The development…
John Wood Group said on Tuesday it was considering rejecting the latest buyout proposal from private-equity firm Apollo Global Management Inc, citing that the offer undervalued the British oilfield services and engineering company. The proposal by Apollo on March 6…
Norwegian offshore support vessel owner Solstad Offshore has agreed to sell 37 platform supply vessels to the U.S. firm Tidewater for $577 million.The sale will mark Solstad Offshore's exit from the platform supply vessel sector. Ongoing PSV charter parties will be transferred to Tidewater…
BP hasn't fallen out of love with renewables. It just wants to have more power. CEO Bernard Looney's pursuit of green energy outstripped all rivals three years ago when he outlined a radical blueprint to move away from fossil fuels. Last month he applied the brakes…
Brazil's state-run oil firm Petrobras and Norwegian energy provider Equinor on Monday said they signed an agreement to evaluate development of seven wind projects offshore Brazil.The proposed projects would deliver a combined capacity of 14…
As we move into March, we note both positive and negative trends developing in the U.S. offshore wind segment.As an indication of the long-term sustainability of the offshore wind industry in the United States, federal agencies are finalizing…
Oil and gas companies Equinor, PGNiG, and Longboat Energy have relinquished the license in Norway containing the Egyptian Vulture offshore oil discovery, but Longboat plans to re-apply for the acreage as it believes the discovery has high potential…
Oilfield services giant SLB, until recently known as Schlumberger, on Monday introduced the EcoShield geopolymer cement-free system that it says minimizes the CO2 footprint of a well’s construction.' This innovative technology eliminates up…
Kongsberg Digital has entered into a strategic agreement with the integrated energy company Chevron Technical Center, a division of the U.S. oil major Chevron, to digitize its global assets using Kongsberg Digital's digital twin technology. The agreement includes a multi-year commitment…
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