Tidal energy developer Minesto said Thursday it had installed additional offshore infrastructure in Vestmannasund, Faroe Islands, to double electricity production from two Dragon 4 (100kW) tidal energy power plants in an array set-up.The company…
Swedish energy firm Vattenfall said Wednesday that the capacity for the Norfolk Offshore Wind Zone in the UK would be increased to more than 4.2 GW.Vattenfall said that the expansion would not have any extra impact on local residents, with the construction taking place within existing plans…
Lime Petroleum AS, a subsidiary of Rex International, has completed the acquisition of a 10 percent stake in the Yme offshore oil field in Norway from Kufpec for an after-tax consideration of $$68.053 million. The completion, in agreement with KUFPEC…
The Norwegian oil and gas company DNO said Monday it had acquired an additional 10 percent stake in the Berling field development project from Sval Energi AS. DNO now owns a 30% stake in the 2018 gas and condensate discovery, previously known as Iris Hades offshore Norway…
Norwegian offshore energy engineering and construction company Aker Solutions has signed a Letter of Intent (LOI) with the oil firm OKEA for the electrification of OKEA's Draugen offshore platform. The Draugen oil field sits in about 250 meters of water…
Former Elliot Management activist fund manager Franck Tuil on Thursday told Wood Group to buy back some of its stock to avoid becoming a takeover target, sending shares in the oil services provider up by the most in six weeks.It is the first public campaign for his $600 million multi-strategy fund…
The two largest U.S. oil companies - Exxon Mobil Corp and Chevron Corp - disclosed plans to increase outlays on energy projects next year amid high oil demand and prices.While spending more, it will be less than half the combined $84 billion they spent in 2013…
Prosafe has signed a contract with Petrobras for the provision of the Safe Zephyrus semi-submersible accommodation rig for safety and maintenance support offshore Brazil. This will be Prosafe's third rig on a contract with Petrobras after Safe Notos and Safe Eurus…
Indonesia aims to launch initial public offerings for the upstream and geothermal units of state firm energy Pertamina next year to fund expansion, a senior government official told parliament on Wednesday. Pertamina Hulu Energi, the upstream unit of Pertamina…
The Italian energy industry services firm Saipem has decided to buy the 7th-generation Santorini drillship from Samsung Heavy Industries, citing rising dayrates and an optimistic forecast for offshore drilling rig demand.To remind, Saipem first chartered the drillship from Samsung in late 2021…
Norwegian maritime technology and equipment specialist Kongsberg Maritime AS will provide technology and engineering for a second F-class wind turbine and foundation installation vessel (WTFIV) recently ordered by the Danish offshore wind installation firm Cadeler…
Marco Polo Marine, a Singapore-listed offshore vessel company, is looking to enter the Japanese offshore wind market and has signed a memorandum of understanding with 'K' Line Wind Service in that regard.Both parties, according to Marco Polo Marine…
Ocean Infinity, a seabed survey and ocean research company based in the United States, said Tuesday that two of its new vessels, part of the Armada USV fleet, had set sail from Vietnam.'We're officially the proud owner of not just one but two brand new ships…
Norwegian Energy Company ASA (Noreco) has reached a Final Investment Decision (“FID”) on two infill wells in the Danish North Sea.The two wells will be drilled at the Tor reservoir in the Halfdan North East area, located in the central part of the Danish North Sea…
Offshore wind developers Eolus and Simply Blue Group have created a joint venture, SeaSapphire, under which they plan to develop floating offshore wind farms in the Baltic Sea. SeaSapphire is starting the early development of four commercial…
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