U.S.-based Tidewater, one of the world's largest owners of offshore support vessels, announced Thursday that Larry T. Rigdon has chosen not to stand for reelection as non-executive chairman and will retire from the board at the company's annual stockholders meeting on June 26…
Glosten is growing its PelaStar partner network to prepare for Phase 2 of the U.S. Department of Energy’s Floating Offshore Wind ReadINess (FLOWIN) Prize. The expanded team will focus on identifying facilities and the requisite investment to enable U…
Norway's second-largest listed oil company Aker BP said on Thursday it was maintaining its outlook, and its quarterly dividend at $0.55 per share, despite reporting an on-year fall in quarterly operating profit. The company, partly owned by BP…
German chemicals group BASF on Thursday said it was working to exit energy business Wintershall Dea, with a stock market listing remaining the preferred option.CEO Martin Brudermueller also flagged a possible sale of the oil and gas producer to investors…
Offshore drilling firm Transocean said Thursday it had recently drilled its first fully-automated hole section of a well.The milestone, which Transocean described as significant, was achieved in the Norwegian Sea, offshore Norway.The company…
Deck machinery specialist MacGregor has received an order from offshore wind vessel owner Edda Wind to equip one of its vessels with a walk-to-work system.The SOV vessel, to be delivered in the third quarter of 2024, will be equipped with MacGregor’s all-electric walk-to-work gangway Horizon…
Offshore wind developer Ocean Winds on Thursday announced the Final Investment Decision for the Dieppe Le Tréport offshore wind farm in France. The project of around 500 MW in France represents a total investment of €2.7 billion, said the company…
Scotland-based Swift Anchors, developing anchoring solutions for the global offshore renewable energy and aquaculture industries, has secured a UK£395,000 grant from the Offshore Wind Growth Partnership (OWGP).Swift Anchors, a subsidiary of AQUOS SCHOTTEL Marine Technologies since October 2022…
The Norwegian offshore safety authority PSA Norway has launched an investigation into an April 22 incident on the Statfjord B offshore platform where a worker suffered facial injuries after getting hit by a 34-kilogram piece of equipment.The incident happened on Saturday…
Danish transmission system operator Energinet and German counterpart Amprion said on Thursday they will study the development of a hybrid electricity interconnector between Denmark and Germany, tying in offshore wind power.'An interconnector…
DNV has started a new Joint Industry Project (JIP) to increase certainty in the design process for wind farms challenged by earthquakes. The so called ACE2 JIP is a follow-up project of “Alleviating Cyclone and Earthquake Challenges” (ACE) JIP…
Jesper Kragh Andresen is stepping down as CEO of offshore accommodation firm Prosafe after more than 6 years in the position.He will continue with his current role until his successor is in place. Jesper Kragh Andresen said: 'It has been a privilege…
Oilfield services provider Petrofac on Thursday reported a steeper full-year operating loss, hit by cost overruns at its largest division amid contractual and commercial issues. Petrofac saw a rise in orders last year, as it benefited from high…
Offshore wind developer RWE has entered a long-term vessel supply agreement with offshore vessel owner Acta Marine that it says paves the way for the decarbonization of offshore wind farm operations.The agreement is to build and operate two ‘green’ service operation vessels…
Capricorn Energy plans $575 million in shareholder payouts under a new CEO with experience of renegotiating Egyptian licenses, it said on Thursday, after two mergers failed amid investor revolts that also toppled its previous leadership. The…
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