CorPower Ocean will launch its next-generation C4 wave energy converter alongside its new ‘CorPack Concept’ providing the building blocks for future wave energy farms.The unveiling will happen in Stockholm, Sweden, on June 15. The new full-scale…
Russia's oil production rose almost 5% in the first half of June compared with May, the Interfax news agency reported on Tuesday, citing a source familiar with the output statistics.Average daily oil production, including condensate, was 1.46 million tonnes in the first 13 days of June…
Lebanon warned Israel on Sunday against any 'aggressive action' in disputed waters where both states hope to develop offshore energy, after a ship arrived off the coast to produce gas for Israel.President Michel Aoun said any activity in the…
ABB and Wison Offshore & Marine (WOM) have recently signed a memorandum of understanding to collaborate on floating liquefied natural gas (FLNG) projects.'FLNG facilities make the production, liquefaction, and storage of natural gas possible at sea…
Lebanon said on Monday it would invite a U.S. mediator to Beirut to continue negotiations over a disputed maritime boundary with Israel to prevent any escalation after accusing Israel of encroaching on contested waters.The issue flared up on…
VAALCO Energy on Monday announced the successful drilling of the South Tchibala 1HB-ST well, offshore Gabon. The well was drilled from the Avouma platform in the Etame field, offshore Gabon. The company said it had discovered significant columns of multiple hydrocarbon-bearing sands in the Dentale…
Forum Energy Technologies (FET) has delivered two work-class remotely operated vehicle (ROV) sales to Brazilian marine engineering companyOceanica to support its deepwater intervention operations.The systems were built at FET’s UK facility at Kirkbymoorside…
Philippines ports and gaming tycoon Enrique Razon is acquiring a majority stake in a South China Sea gas field from a close ally of outgoing President Rodrigo Duterte, a move seen benefitting his oil exploration franchise on the Reed Bank.Razon's…
Charles Rattray has been appointed the CEO of Star of the South, Australia’s first planned offshore wind project, and will start his role in August.Rattray was previously the Managing Director of Nexif Energy, where he oversaw energy projects…
The U.S. offshore wind segment shows no signs of slowing on its journey to deploy 30 gigawatts (GW) of offshore wind by 2030 and 110 GW by 2050. Based on current project activity we anticipate around 60 GW of offshore wind capacity to be installed by 2035…
The UK Competition and Markets Authority (CMA) said Wednesday that offshore helicopter operator CHC must unwind its completed acquisition of Babcock’s oil and gas offshore helicopter services to address competition concerns.'CHC provides offshore transport in the oil and gas sector…
Poland could build a second floating storage and regasification unit (FSRU) next to an already planned installation because the Czech Republic and Slovakia are interested in buying more liquefied natural gas (LNG), the Polish climate minister said…
Yokogawa Electric Corporation and Mitsubishi Heavy Industries, Ltd (MHI) have been selected by the Nippon Foundation, a private, non-profit grant-making organization, to develop an automatic robotic inspection system to predict hazards on offshore oil and gas facilities…
Ocean Floor Geophysics, Inc (OFG) has completed its acquisition of NCS SubSea, which provides ultra-high-resolution 3D seismic data to the oil and gas and new energy markets via its P-Cable system.According to info on NCS SubSea's website, P-Cable is a compact…
Australia’s building and construction industry super fund Cbus has agreed to acquire a 10% interest in Copenhagen Infrastructure Partners' (CIP) Australian offshore wind project, Star of the South. This follows Cbus’ investment into CIP’s flagship fund…
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