Canadian-based firm Frontera Energy and CGX Energy have started drilling at the Kawa-1 exploration well, offshore Guyana, using Maersk Drilling's Maersk Discoverer semi-submersible drilling rig. Also, the firms have exercised the option to drill a second well with the rig…
China's MingYang said Friday it would launch one of the world's largest offshore wind turbines with the nameplate capacity of 16MW.The new MySE 16.0-242 is the world’s largest Hybrid Drive wind turbine, MingYang said.'Designed for high-wind IEC IB including typhoon-class IEC TC…
Saudi Aramco is looking to raise at least $17 billion from the sale of a significant minority stake in its gas pipelines, higher than the $12.4 billion raised from its oil pipeline deal, sources familiar with the matter said on Monday.Potential…
Ørsted and RWE, the world's two largest offshore wind players, both suffered from weaker winds in the first half, highlighting that profits in the booming industry remain tied to weather conditions.Denmark's Ørsted said it 'experienced significantly lower wind speeds than normal…
Floating solar photovoltaic (PV), initially considered a niche technology, is now the fastest-growing solar PV category, alongside ground-mounted utility-scale solar and rooftop PV. As of August 2020, more than 60 countries have actively pursued the deployment of floating PV…
Mammoet reports it has executed its first operation, the transport of two topsides, using low-carbon HVO fuel in Mammoet’s SPMT powerpacks. HVO is an alternative to traditional diesel, made primarily from waste and residues, such as waste cooking oil…
TechnipFMC, a company best known for its offshore oilfield services and equipment, is looking to diversify its offering and has now joined forces with Loke Marine Minerals (Loke) to develop enabling technologies for the extraction of seabed minerals in Norway…
Offshore engineering company Aquaterra Energy has completed the engineering design for a renewable-powered Sea Swift offshore platform for DeNovo Energy.The offshore platform is part of the development activity for the Zandolie field, located in the Gulf of Paria…
There are tentative signs of the start of a renewal in the work class ROV fleet. But what form will it take?The work class ROV (WCROV) market has taken something of a battering over the past few years. The 2014 downturn and then a pandemic has…
Offshore installation firm Jan De Nul has recently sold its jack-up installation unit Taillevent, to make room for higher-spec vessels that will soon join its fleet.The sale includes the Taillewent vessel only, with the crew deployed to other Jan De Nul vessels…
Norway-based crane maker Red Rock has won a contract with shipbuilder Vard to deliver equipment for three service offshore vessels (SOVs) Vard is building in Vietnam for the UK-based shipowner North Star Renewables. The vessels will be operating…
Metec UK, a company based in South Tyneside, England, has won two multi-million pound contracts to protect the giant 3.6GW Dogger Bank wind farm from corrosion.Metec UK manufactures sacrificial anodes for the long-term protection of steel jackets…
Global maritime group Wilhelmsen and the Norwegian offshore supply base firm NorSea have together acquired an 18% stake in the Norwegian deep-sea mining company Loke Marine Minerals.'As the energy transition continues to gather pace, we are actively looking at new projects and business areas…
Dutch FPSO leasing specialist SBM Offshore said it has signed a letter of intent with Petrobras to lease and operate a newbuild floating production, storage and offloading unit (FPSO) at the Mero field in the Santos Basin offshore Brazil. SBM did not disclose financial details of the 22…
Law firm HFW said Tuesday it had advised Chinese shipbuilder Shanghai Shipyard on a UK Court of Appeal win relating to a US$170 million payment under a shipbuilding contract for an offshore drillship.The Court of Appeal overturned an April 2020…
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