The repair work on the cable which connects the 309 MW Rentel offshore wind farm to the Belgium’s mainland has been completed approximately four months after the failure.The fault was located just below the Rentel transformer platform. A new section of cable…
Malaysia-based offshore services provider Carimin Resources Services, a subsidiary of Carimin Petroleum, has signed an agreement with Penguin Shipyard Asia for the acquisition of unregistered crew boat newbuild, worth $4.96 million.The newbuild…
Maryland Governor Wes Moore signed a bill aimed at reevaluating and potentially revising existing offshore wind project plans, setting the stage for the state's goal of achieving 8,500 megawatts of offshore wind energy capacity by 2031.The bill…
A consortium including Germany's BayWa r.e. and Belgium firm Elicio won a tender to develop and operate France's first floating offshore wind farm, the 250-megawatt (MW) Bretagne Sud farm, French industry minister Roland Lescure said on Wednesday…
First power from Ørsted’s Gode Wind 3 offshore wind farm in the German North Sea is now feeding the grid.Offshore wind construction company Cadeler reports its wind turbine installation vessel (WTIV) Wind Osprey recently installed the first Siemens Gamesa 11-megawatt (MW) turbine at the project…
OIlfield services company SLB on Tuesday announced its OneSubsea joint venture and Subsea7 has been awarded a 'sizeable' integrated engineering, procurement, construction, and installation (EPCI) contract from OKEA.The contract will see the…
The principle behind sacrificial anodes, which are used to safeguard underwater pipelines and structures from corrosion, is relatively straightforward. Made of alloys like aluminum, Zinc and is some cases Magnesium, the anodes are more reactive…
Brazilian state-run oil company Petrobras said on Monday that its crude oil production during the first quarter rose 4.4% compared to the same period last year.Petrobras pumped 2.24 million barrels per day (bpd) in the period, the firm said in a statement…
Colombia's majority state-owned energy company Ecopetrol has held talks with big players ahead of a potential bid in an offshore wind auction organized by the country's government, Chief Executive Ricardo Roa said on Wednesday.Roa was speaking…
CADEMO Corporation, established by Floventis, and California Community Power (CC Power) have signed a memorandum of understanding (MoU) to facilitate the development of the 60 MW floating wind project off the California coast.The MoU is intended…
UK-based offshore energy supply chain company Balmoral Comtec has secured a multi-million-dollar contract from for Ørsted for the supply of cable protection systems (CPS) for its Hornsea 3 offshore wind project.The scope of work includes design…
UTEC, a geo-services brand in Acteon’s Data and Robotics division, has been awarded an offshore survey and positioning contract for the Taiwan Power Company's (TPC) Phase 2 offshore wind farm project in Taiwan. The contract further reinforces…
In recent years, the oil and gas industry has faced mounting pressure to address its environmental impact. This has led many companies to set decarbonization targets – we are tracking more than 460 targets set by independents, majors, and NOCs across the sector…
The price to rent an offshore rig hit a nine-year high last year with jackups, semisubmersibles and drillships costing on average $118,000, $368,000 and $419,000, respectively (as of 31 December 2023). These figures represent an overall 54% increase in dayrates when compared with 2021…
BP, as the operator of the Azeri-Chirag-Gunashli (ACG) project, has started oil production from the new Azeri Central East (ACE) platform as part of the ACG field development in the Azerbaijan sector of the Caspian Sea.The ACE platform is the…
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