Wind speeds were milder than usual in Europe this year, so windmills across the bloc generated less electricity which worsened a crunch that sent power prices to record highs as utilities had to buy more coal and scarce, costly, natural gas…
UK-based tidal energy technology firm Orbital said Wednesday it would qualify multiple applications for submission into the UK Government’s Allocation Round 4 (AR4) of the Contracts for Difference (CfD) scheme.'Following a series of good news stories for tidal energy commercialization in 2021…
While many challenges remain to deliver the full promise of U.S. offshore wind, so too do opportunities. Robert Galinski, DNV’s Offshore Wind Director, Americas discusses the pace and direction of the U.S. offshore wind market from the perspective of class…
No year is the same without the annual corporate festive YouTube videos. And while the pandemic is yet again trying to do its best to ruin our holidays, offshore companies have still provided us with a crop of Christmas cheer.Oceaneering, again…
Offshore vessel operator Rem Offshore said Friday it had agreed to buy four platform supply vessels from K-Line Offshore AS, which is set to be dissolved and cease to exist.K-Line Offshore, was established in Norway by Kawasaki Kisen Kaisha (K” LINE) in 2007…
An offshore oil block in Ivory Coast controlled by Eni is expected to enter production in the second quarter of 2023 with daily output of 12,000 barrels of oil and 17.5 million cubic feet of gas, the Ivorian government said on Wednesday.Production will then ramp up in 2026 to between 75…
Oil and gas company Lime Petroleum received approval from the Norwegian authorities to acquire Repsol’s 33.8434 stake in the Brage field in the North Sea, offshore Norway.'With this approval, the acquisition is expected to be completed by December 31…
Norwegian energy group Equinor plans to sell a stake in its Martin Linge oilfield in the North Sea, hoping to raise more than $1 billion, industry and banking sources told Reuters.The sale is aimed at reducing Equinor's large stake in the field…
Russian oil firm Lukoil will acquire a 9.99% percent in the Shah Deniz offshore gas field in the Azerbaijan sector of the Caspian Sea from Malaysia's Petronas and not 15.5% as agreed originally in October, as other partners in the field, BP and Socar…
Norwegian subsea services company Reach Subsea said Monday it had secured a contract in the U.S. Gulf of Mexico for end of 2021 and 2022 execution, representing about 230 project days.The project, with an unnamed client, involves the support…
Qatari national oil and gas company QatarEnergy has agreed to buy working interests in two offshore exploration blocks on the Egyptian side of the Red Sea from Shell. QatarEnergy will hold a 17% working interest in Red Sea Blocks 3 and 4.Block…
Technip Energies said Thursday it had received the acceptance of its basis of the design of its INO12TM floating offshore wind concept from classification society DNV.The company said that DNV's acceptance marked important progress towards the…
Just a few days after South Korea's shipbuilder Samsung Heavy Industries said it had found a potential buyer for a drillship originally ordered in 2014, without revealing the buyer's name, drilling firm Stena Drilling confirmed the deal on Tuesday…
NEO Energy has completed the previously announced acquisition of a portfolio of non-operated oil and gas assets in the UK Central and Northern North Sea from ExxonMobil. The company made the announcement on Wednesday.North Sea-focused oil company…
Trinidad and Tobago next year plans to launch bidding rounds for onshore and shallow-water areas on top of last week's launch of an auction of 17 deepwater oil and gas blocks, the nation's energy minister told Reuters.The Caribbean country, which is among the region's top producers of natural gas…
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