The Crown Estate for England, Wales, and Northern Ireland has this week confirmed plans to unlock up to 4GW of floating wind power capacity in the Celtic Sea 'and help establish a new industrial sector for the UK.'It said Thursday that the leasing…
Following the announcement of a proposed merger between offshore drillers Maersk Drilling and Noble Corporation on Wednesday, a Noble shareholder said it would vote against the deal.The combination is a primarily all-stock transaction where…
U.S.-based offshore vessel owner Jackson Offshore Operators has acquired the M/V STORM platform supply vessel.Once it has completed regulatory requirements, the M/V STORM will start a five-year contract with Shell in the U.S. Gulf of Mexico…
The Irish government on Thursday set out climate targets for key sectors of the economy it said were needed to cut greenhouse gas emissions by 51% by 2030, a plan it said will require around 125 billion euros ($144 billion) of private and public investment…
Offshore construction specialist Lamprell has secured a $45 million revolving trade loan facility to be used for the working capital requirements of the two IMI newbuild jackup rigs which are currently under construction at the Lamprell's Hamriyah yard…
Italy's biggest banking group Intesa Sanpaolo could help fund Novatek's Arctic LNG 2 project even as some European governments show lukewarm support for the giant Russian gas project.'We are studying the dossier ... though no decision has as yet been taken…
Canadian Prime Minister Justin Trudeau on Tuesday sparked concern in the country's oil patch and hope among green advocates when he named two men with strong environmental records to lead his government's fight against climate change.Steven…
U.S. offshore wind developer Vineyard Wind has partnered up with the Danish offshore services firm Semco Maritime to create a service and maintenance hub in New Bedford, Massachusetts, and hire up to 40 people 'in the coming years.' Semco Maritime…
Alaska oil and gas lease sales offering tracts on the North Slope and Beaufort Sea drew almost no bids, state officials said Wednesday.Only six bids were submitted for onshore tracts in the central North Slope, and no bids were submitted for tracts in the Beaufort Sea or the Brooks Range foothills…
Offshore wind vessel company Edda Wind, owned by Wilhelmsen and Østensjø, on Monday announced plan to launch an offering of shares in the company and to apply for a listing on the Oslo Stock Exchange (the “IPO”).Based in Haugesund, Norway, Edda Wind develops…
Oil and gas company Neptune Energy on Thursday endorsed the World Bank’s Zero Routine Flaring by 2030 initiative.The initiative brings together governments, companies, and development institutions to eliminate routine gas flaring in oil production no later than 2030…
UK-based renewable energy giant SSE Renewables has closed the deal to form a new joint ownership company, SSE Pacifico, which will pursue the development of offshore wind projects in Japan. The deal includes the acquisition by SSE Renewables…
Update: The article was updated on Wednesday, October 10, to include a statement by the crane manufacturer Liebherr.Offshore wind installation company Seaway 7 said Monday there had been an incident during the construction of its Alfa Lift offshore wind foundation installation vessel…
Sercel launched Bluepulse, a marine acoustic source that is a purpose-built to help protect marine wildlife from high-frequency emissions while maintaining highly accurate and reliable results for seismic acquisition.Bluepulse is compatible with all existing peripherals…
Portuguese oil company Galp Energia on Monday raised its earnings outlook for 2021 after higher oil prices and positive refining margins buoyed profitability in the third quarter.Galp said its adjusted core earnings or EBITDA in this year as a whole would exceed 2…
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