The OSV sector has concluded its second quarter earnings season, marking another quarter with strong profitability and favorable market conditions. However, negative oil market sentiment, with the Brent price down by 19% since the start of July…
Wind power high voltage specialist Correll, part of SPIE Group, has secured a contract from Jan de Nul to complete the 66kV subsea cables termination and testing on offshore wind turbines for RWE’s Thor offshore wind farm.The works are set…
Inyanga Marine Energy Group has taken over the operatorship of D10 tidal energy turbine in France, deployed in the Fromveur Passage, off the coast of Brittany, following the liquidation of its previous owner Sabella.Initially deployed in 2015…
Australia's top energy firm Woodside marginally raised its annual output expectations on Wednesday after a record production for the quarter, reflecting ramp-up at Sangomar facility in Senegal and higher seasonal domestic gas demand.The country's…
North Star has launched a partnership which includes MO4, Principle Power, SMST, Vard, and Voith Group to fast-track the development of high-performance operations and maintenance ships tailored for floating offshore wind farms.The companies…
Nevesbu, together with Iv, has developed a patented concept for a floating offshore substation (FOSS), which has already been tested at model scale at the Maritime Research Institute Netherlands (MARIN) in the Netherlands.The concept developed…
“Year-to-date, Guyana’s oil exports have jumped to 598 thousand barrels per day (kbpd), a 58% year-on-year increase, adding to the growth achieved in previous years. Over the past three years, the average annual growth rate has hit 76%,” says Niels Rasmussen…
About 29% of crude production and 17% of natural gas output in the U.S. Gulf of Mexico were shut in response to Hurricane Helene, the U.S. Bureau of Safety and Environmental Enforcement said on Wednesday.Energy producers had shut-in 511,000…
Danish offshore wind installation firm Cadeler has signed contracts with Equinor and Polenergia for the installation of turbines at 1440 MW Bałtyk 2 and Bałtyk 3 offshore wind farms in the Polish Baltic Sea.The total potential value of these…
Strong confidence in the offshore vessel market has seen orders placed in the previous market upcycle re-activated to take advantage of renewed investor interest, according to a new report from Maritime Strategies International (MSI).In its…
Malaysian shipowner Coastal Contracts Bhd on Thursday placed an order with Chinese shipbuilder Fujian Funing Shipbuilding Heavy Industry, a subsidiary of Fujian Shipbuilding Industry Group, for a pair of 85-meter subsea support/maintenance vessels…
Norwegian shipowner Rem Offshore has hired Norwegian Electric Systems (NES) to deliver a deck-based battery energy storage system to its Rem Inspector construction support vessel (CSV). NES, specializing in sustainable energy design and smart control systems for vessels…
Thailand’s state-owned oil and gas company PTT Exploration and Production (PTTEP) has divested its entire interest in Mexico Block 29, located in deep waters of the Salina Basin offshore Mexico, to the operator Repsol, which has increased its working interest in the block to 46…
The U.S. Interior Department on Monday announced an offshore wind energy lease sale on Oct. 29 for eight areas on the Outer Continental Shelf off Massachusetts, New Hampshire and Maine.If fully developed, these areas have a potential capacity of about 13 gigawatts of clean offshore wind energy…
Hong Kong-based developed of uncrewed surface vehicles (USV) OceanAlpha has unveiled plans for year-long showcase of its USVs across the Middle East Region for offshore energy sector and other maritime industries.Beginning in Qatar’s Doha, the…
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