ABL Group has entered into an agreement to acquire Brazil-based naval architecture and engineering consultancy Proper Marine, increasing its expertise in floating production storage and offloading (FPSO) sector.Proper Marine will be merged with ABL’s design and engineering arm Longitude…
Norwegian offshore wind vessel owner Edda Wind has launched its Vard-built Commissioning Service Operation Vessel (CSOV) in Vietnam, which will be put to its maiden job at offshore wind project in Taiwan following delivery scheduled for 2025…
Equinor UK, a subsidiary of Equinor and Shell UK, a subsidiary of Shell, have agreed to combine their UK offshore oil and gas assets to form a new company which will be the UK North Sea’s biggest independent producer.The incorporated joint venture…
Shell is stepping back from new offshore wind investments and is splitting its power division following an extensive review of the business that was once seen as a key driver of the company's energy transition strategy.The changes are part of…
Germany is expanding its natural gas import options to replace Russian supply. Following are updates on key facilities and terminals being developed to host floating storage regasification units (FSRUs) to receive seaborne liquefied natural gas (LNG)…
Norwegian shipbuilder Vard, part of Fincantieri Group, has secured Lloyd’s Register’s Approval in Principle (AiP) of the methanol fueling system for two offshore wind Commissioning Service Operation Vessels (CSOVs) being built for North Star…
U.S. oil and gas company ConocoPhillips has completed the acquisition of Marathon Oil Corporation in a $22.5 billion takeover deal.The $22.5 billion acquisition was first announced in May 2024 as an all-stock transaction, which includes $5.4 billion of Marathon's debt…
Almost five years ago, BP embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its roots as a big oil and gas player with a growth story to match rivals…
RWE has secured the necessary construction and environmental permits to build a 100 MW electrolyzer that would enable green hydrogen production as part of system integration plans associated with the 795 MW OranjeWind offshore wind project in the Dutch North Sea…
Oil prices edged lower on Wednesday as a large, surprise build in U.S. gasoline stocks outweighed easing supply concerns from a ceasefire deal between Israel and Hezbollah.Brent crude futures fell 12 cents, or 0.2%, to $723.69 a barrel by 10:40 a…
DNV has signed a memorandum of understanding (MoU) with Seatrium to cooperate on strategic activities and projects in the areas of engineering, technology and new product design, with key focus on floating offshore energy solutions.Under the MoU…
UAE’s clean energy powerhouse Masdar has signed a memorandum of understanding (MoU) with SOCAR Green and ACWA Power to develop 3.5 GW of offshore wind projects in the Azerbaijan section of the Caspian Sea.The potential projects would be Azerbaijan’s first offshore wind farms…
Lloyd’s Register (LR) has signed a memorandum of understanding (MoU) with Samsung Heavy Industries (SHI) for the joint development of a floating production, storage, and offloading (FPSO) system for green ammonia. The FPSO process has been widely used in the oil and gas industries…
Shell reported on Thursday third-quarter profits of $6 billion that exceeded forecasts by 12% as higher liquefied natural gas (LNG) sales offset a sharp drop in oil refining and trading results.The results, together with a drop in debt and strong cash flow…
An offshore support vessel (OSV) has successfully operated on green hydrogen in the German Wadden Sea.Aiming to minimize its environmental impact, operator Acta Marine, based in the Netherlands, decided to install eCap Marine’s containerized…
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