A tidal energy system has officially powered up and is now delivering clean electricity to Nova Scotia’s power system, making it the first to deliver in-stream tidal power to the grid in Canada. “This marks an incredible milestone in our journey…
The UK government has set ambitious climate change targets within the oil and gas industry, with The North Sea Transition deal aiming to reduce emissions by 50% before 2030. In the most recent emissions report published by the North Sea Transition Authority (NSTA)…
The number of people working in the U.K. offshore wind industry is expected to surge following an expansion of the pipeline of projects at all stages of development over the past 12 months, according to a report published Monday by the Offshore Wind Industry Council…
Dutch marine contractor Van Oord and U.K.-based subsea robotics manufacturer SMD have entered into a parts and services framework agreement in a bid to reduce downtime and improve efficiencies.Under the deal, the partners will share 'industry…
BP announced it will buy Cenovus Energy's 35% stake in the undeveloped Bay du Nord project in the Flemish Pass offshore Canada's Newfoundland and Labrador.As part of the deal announced on Monday, BP will also sell its 50% non-operated interest…
EU sanctions on Russia’s petroleum exports and easing lockdowns in China have encouraged portfolio investors to become more bullish on oil prices despite the steadily darkening outlook for the major economies.Hedge funds and other money managers…
U.S. President Joe Biden on Friday accused the U.S. oil industry, and Exxon Mobil Corp in particular, of capitalizing on a supply shortage to fatten profits after a report showed inflation surging to a new 40-year record.U.S. consumer inflation…
A first-of-its-kind crew transfer vessel (CTV) has been launched by U.K. shipbuilder Diverse Marine for offshore crew transfer specialist Seacat Services.The multihull newbuild, Seacat Columbia, is the first BARTech30 CTV designed by BAR Technologies in partnership with Chartwell Marine…
Over the last year we have seen an upswing in floating production and storage systems ordering after many years of low activity. According to our colleagues at World Energy Reports, “The global oil and natural gas markets are contending with…
Wind power pioneer Henrik Stiesdal built his first wind turbine in 1978. It was one of Denmark’s first step towards becoming a wind energy powerhouse, with Stiesdal regularly at the helm. He’s now got wider climate initiatives in his sights…
Seaway 7, a fixed-bottom offshore wind installation affiliate of Subsea 7, on Monday revised its adjusted EBITDA guidance for the full year 2022, citing issues with offshore wind projects in the Netherlands and Taiwan.The company said its revenue…
Qatari national oil and gas company QatarEnergy has selected France's TotalEnergies as its first international partner in the North Field East (NFE) expansion project, dubbed 'the single largest project in the history of the LNG industry.'The…
French marine seismic data specialist CGG said Monday that its subsidiary Sercel had sold a complete marine seismic acquisition system to South Korean shipbuilder HJ Shipbuilding & Construction.The contract calls for the supply of a Seal 428 recording system…
Norwegian oil firms and employees have agreed in principle a new wage deal, avoiding for now a strike at nine fields that could have hit the country's petroleum output, employers and unions said on Sunday.Two of the three unions that negotiated…
Oil and gas company Empyrean Energy, which recently suffered a disappointment when its closely watched 'world-class' Jade offshore well in China came up dry, said Friday it had decided to give it another go and drill the Topaz well, located in the same Block 29/11…
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