Japanese FPSO specialist MODEC has awarded Aibel a Letter of Intent for an engineering services front end engineering and design (FEED) in relation to the recently awarded Bacalhau FPSO contract by Equinor.Bacalhau FPSO will be the largest ever…
US-based financial services company HC2 Holdings and the Dutch multinational provider of geo-intelligence Fugro have sold offshore engineering specialist Global Marine Group (GMG) to private equity firm J.F. Lehman & Company for a sum of USD 250 million…
Tullow Oil's Orinduik Block offshore Guyana could hold 5,1 billion barrels of oil equivalent in Gross Prospective Resources, best estimate, according to Gustavson Associates, an independent third-party auditor.This is more than a billion-barrel…
European energy company Vattenfall has signed a five-year energy services agreement with the largest Finnish wind power producer TuuliWatti that includes the latter’s total wind power production in Finland.The agreement, which started on 1 January…
Greece-based Hellenic Cables, through its subsidiary Hellenic Cables America, announced an agreement with Semco Maritime for the supply of inter-array cables for the Mayflower Wind project, a joint venture of Shell New Energies US LLC and EDPR Offshore North America LLC…
Matt Tremblay, SVP, Global Offshore, ABS, discusses the next hot growth market ... offshore wind. While the market grows, the question begs: Is the U.S. marine industry ready to meet demand?The American Bureau of Shipping convened a conference to discuss the pace and direction of the U…
The House Natural Resources Committee has advanced the Offshore Wind Jobs and Opportunity Act, which was authored by Bourne Congressman Bill Keating and cosponsored by Congressman Joe Kennedy III.The legislation will provide funding for educational…
Subsea technology company Seatools has completed the delivery of a CT umbilical winch on behalf Van Oord Offshore.The winch will power Van Oord’s new subsea trencher “Deep Dig It,” which will be deployed during cable installation operations at an offshore wind farm later this year…
Brazilian oil company Petrobras said Friday that the recently delivered FPSO P-70 was stable after a storm that hit Rio de Janeiro last Thursday pushed the FPSO near a beach in Niteroi.'Due to the storm that hit the metropolitan region of Rio de Janeiro on Thursday night (01/30)…
Tekmar Energy, the provider of sub-sea cable protection systems for the renewable energy industry, has secured two contracts awards for the Danish Kriegers Flak offshore wind farm.'Tekmar Group is delighted to announce contract awards from Global…
Triton Knoll, a offshore windfarm which is being constructed 33km away from the coast of Lincolnshire in the North Sea, confirmed that the first of its 90 wind turbine monopile foundations has been safely and successfully installed, 32km off the Lincolnshire coast…
Installed offshore wind capacity in US waters could reach 20 gigawatts by 2030 and annual investments in the sector could surpass $15 billion by the mid-2020s, according to new research by Rystad Energy.According energy research and business intelligence company…
The global leader in offshore wind Ørsted becomes the first-ever energy company to top a index.The Denmark-based global power company has outperformed more than 7,300 global companies with billion-dollar revenues to rank #1 in Corporate Knights'…
Dutch shipping company Vroon said that its subsea-support vessel VOS Sugar has spent the winter months on charter to VLCV B.V. a joint venture between Van Leeuwen and C-Ventus.Since October 2019, VOS Sugar has acted as a floating base for the execution of VLCV’s work scope…
UK-focused oil company Hurricane Energy has said that its Lancaster oil field production has exceeded expectations. The North Sea field started producing oil via the Aoka Mizu FPSO in June 2019. In an operational update on Wednesday, Hurricane said that the field had produced 15…
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