ADNOC Drilling announced it has signed an agreement to acquire an additional two offshore jack-up drilling unit for a combined cost of $140 million.The two new rigs will join the ADNOC Drilling fleet and commence operations by the end of 2022…
Brazilian oil company Petro Rio has signed a deal with TotalEnergies for the acquisition of a 40% interest in the BM-C-32 Block (“Itaipu Field” or “Itaipu”).Together with the 60% interest in Itaipu acquired from BP in July 2021, this transaction…
France-based clean hydrogen producer Lhyfe has launched the world’s first offshore renewable green hydrogen production demonstrator.The pilot was launched yesterday (September 22) in Saint-Nazaire, France, which will now begin an 18-month wind-powered pilot…
Greater Gabbard Offshore Wind Farm earlier this month celebrated its 10-year anniversary of generating electricity.All 140 turbines of the joint venture between SSE Renewables (50%) and RWE Renewables (50%) have been operational since September 2012 and in the last 10 years…
Purus Marine on Wednesday announced the acquisition of HST Marine, a UK-based provider of Crew Transfer Vessels (“CTVs”) to the offshore wind industry.HST’s fleet of includes one of the industry’s first battery hybrid CTVs, the Chartwell-designed HST Ella…
Germany confirmed the nationalization of struggling gas importer Uniper at a cost of 8 billion euros ($7.9 billion) on Wednesday as it scrambles to secure power for Europe's largest economy after Russia cut back supplies.Nationalizing Germany's…
The UK-based National Oceanography Centre (NOC) has started conducting research with the robot submarine ‘Boaty McBoatface’ on end-of-life oil fields off the coast of the Shetland Islands to help monitor and protect the marine environment in…
UK-based oil and gas company Tailwind Energy has started production from its Evelyn field in the North Sea, a tie-back development connected to Dana Petroleum's Triton FPSO via a subsea production line and umbilical services line.Evelyn is located in licence P…
The North Sea oil and gas industry is on track to meet early emissions reduction targets after posting cuts of more than a fifth between 2018-21, according to the UK regulator, the North Sea Transition Authority (NSTA). But bold measures will be needed to hit a 2030 goal of halving emissions…
Renewable infrastructure fund Greencoat UK Wind plc has completed the acquisition of a net 12.5% stake in Hornsea 1 offshore wind farm in the UK.The deal was first announced on May 16, 2022, when Greencoat said it would buy the 12.5% stake in…
British Prime Minister Liz Truss' plans to spur new North Sea oil and gas production and lift a ban on fracking will test investor appetite for new fossil fuel projects, but are unlikely to ease the current energy crunch.Truss, who took office on Tuesday…
Spanish power company Iberdrola said on Wednesday it had agreed to sell to Swiss investment fund Energy Infrastructure Partners (EIP) a 49% stake in a German offshore wind farm for 700 million euros ($700 million). The sale of the Wikinger wind…
Hydromea and Air Control Entech (ACE) entered into a service partnership agreement to commercialize EXRAY, a wireless ROV (remotely-operated underwater vehicle), for inspections at offshore floating platforms.ACE will actively promote and use…
Africa-focused Tullow Oil said on Wednesday it would stick to the current form of its plan all-share merger plan with Capricorn Energy CNE.L, shrugging off criticism from some Capricorn investors who say the deal undervalues the company.Capricorn's board supports the merger…
French seismic data specialist CGG is acting as a special technical partner in a consortium research project led by Bangor University to identify opportunities that benefit biodiversity and the conservation of species around offshore wind farms…
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