Offshore wind turbine maker MHI Vestas has signed a purchase agreement with local Taiwanese company, YGG, to source additional components for the upcoming production of V174 turbines to be installed offshore in Taiwan. The agreement covers rotor hubs…
Thirty-two years ago, on July 6, 1988, one of the offshore oil and gas industry's worst-ever disasters struck - the explosion of the Piper Alpha platform in the UK North Sea. To this day, the disaster is the worst ever in the industry by the numbers of lives-lost…
Some 10,000 employees of Brazil's Petrobras, or 22% of its workforce, have accepted voluntary buyouts, Chief Executive Roberto Castello Branco said on Wednesday, as the state-run oil company intensifies its quest to slim down and refocus on core businesses…
Offshore gangway specialist Ampelmann has won several new contracts in the offshore wind space.The company said Monday it had recently won five new deals to provide gangway systems to Norwegian offshore vessel owners BOA, Volstad, Olympic Shipping…
The government of Lithuania is pressing ahead with plans to develop a 700MW offshore wind farm in the Baltic Sea, and has this week proposed a location for the project which is expected to be completed by 2030.The offshore area in the Baltic…
Dutch FPSO supplier SBM Offshore has closed a US$600 million bridge loan facility for the financing of the construction of FPSO Sepetiba (formerly known as Mero 2) destined for deployment in Brazil with Petrobras.SBM Offshore said the loan was…
CDWE, a joint venture company between Taiwanese company CSBC and Belgian offshore contractor DEME has taken the Final Investment Decision (FID) for the construction of ‘Green Jade’, which is the first DP3 heavy lift and installation vessel to be built in Taiwan…
OWC, formerly known as Offshore Wind Consultants, has set up an office in South Korea, a country with ambitious offshore wind plans. 'We continue our expansion into key emerging markets such as South Korea. We believe a local presence is central…
CorPower, a Swedish developer of wave energy converters, is establishing an R&D, Manufacturing & Service Centre for wave energy converters in Viana do Castelo, Portugal.The location has been chosen to support CorPower’s demonstration project HiWave-5…
The Board of Directors of the Belgian Offshore Platform (BOP), Belgium's offshore wind industry body, has appointed François Van Leeuw as chairman.François Van Leeuw is co-CEO of Parkwind, a holding company of Colruyt Group that currently operates…
Danish offshore wind farm developer Ørsted has awarded German service provider EWE a contract for maintenance of the low-voltage areas and the sub-systems of the substations of two wind farms offshore Germany. EWE said its offshore subsidiary…
South East Asia focused oil and gas company Jadestone Energy has started arbitration against Inpex's subsidiary Teikoku over Jadestone’s acquisition of an interest in Blocks 05-1 b and c, offshore Vietnam.Jadestone in August 2016 signed an agreement…
A new offshore guard vessel concept aims to be smaller, lighter and more efficient than most of the vessels used to protect offshore operations currently. It will also be completely unmanned and autonomous.The so-called Autonomous Guard Vessel…
Offshore construction company Lamprell has won a firm order to deliver substructures for Seagreen - the giant offshore wind farm being developed offshore Scotland.Lamprell, based in UAE, had earlier this month received a letter of award from…
Offshore wind turbine maker MHI Vestas Offshore Wind will source high voltage switchgear from within Taiwan, in support of offshore wind projects the company will be supplying wind turbines for.MHI Vestas Offshore Wind said Tuesday it had finalized…
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