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First Low-Carbon Floating Wind Installation Vessel Gets UK Funding

Jan 29, 2024

The UK government has awarded funding to a consortium led by Morek Engineering to design a new class of low-carbon installation vessel for the floating offshore wind market.The consortium, which includes Morek Engineering, Solis Marine Engineering…

Shell’s Profit Drops 30% from Previous Year

Feb 01, 2024

Shell on Thursday reported a 2023 profit of $28 billion, a 30% drop from the previous year's record as energy prices and demand cooled, but still allowing the firm to increase its dividend by 4% and extend share repurchases.The British company's…

Technip Energies Scores FEED Contract for Viking CCS Project

Jan 31, 2024

Harbour Energy and its project partner BP have awarded Technip Energies a Front-End Engineering Design (FEED) contract for the Viking carbon capture and storage (CCS) project.The contract includes responsibility for the design of the CO2 transportation…

Correl Group Gets Inter-Array Cable Job at US Offshore Wind Farm

Jan 24, 2024

UK-based Correll Group has secured a contract with Greek subsea cable maker Hellenic Cables for the inter-array cabling works at the Revolution Wind offshore wind farm.Correll Group’s scope of work will include the termination and testing of…

Cyan Renewables Enters UK Offshore Wind Market with Sentinel Buy

Jan 25, 2024

Cyan Renewables, a portfolio company of Seraya Partners, has acquired a majority stake in Sentinel Marine to strengthen its position in the UK offshore wind market and boost its local content.Singapore-based Cyan Renewables, Asia’s first dedicated offshore wind vessel operator…

W&T Offshore Buys Six Shallow Water GoM Oil Fields for $72M

Jan 22, 2024

U.S. Gulf of Mexico-focused oil and gas company W&T Offshore has completed the accretive acquisition of six oil fields in shallow waters of the Gulf of Mexico for $72 million.W&T Offshore was the successful bidder for certain synergistic assets in the Gulf of Mexico offered by MLCJR…

Esgian Week 3 Report: Drilling Units on the Move

Jan 19, 2024

No new drilling contracts were announced, but a Borr Drilling jackup has left Singapore, while a Shelf Drilling unit is preparing to embark on its journey to the same destination, according to Esgian’s Rig Analytics Market Roundup (Week 3).Drilling…

Shell Makes FID for Victory Gas Field in North Sea

Jan 17, 2024

Shell has taken a final investment decision (FID) on the Victory gas field in the UK North Sea, approximately 47 km north-west of the Shetland Islands.Once onstream, the field will help to maintain domestically produced gas for Britain’s homes…

Offshore Wind Vessels Charging Study Gets Underway in Irish Sea

Jan 23, 2024

Maersk’s offshore vessel-charging venture Stillstrom has launched a collaborative study with EnBW and BP, the developers of the Morgan and Mona offshore wind farms, to assess the viability of integrating offshore charging solutions for service and crew transfer vessels for the two projects…

Subsea 7 Pipelay Vessel to be Equipped with Huisman’s Crane

Jan 22, 2024

Dutch company Huisman has secured a contract from Subsea 7 for the delivery of its 500MT offshore mast crane for one of pipelay vessels for deep water installations.The 500mt Offshore Mast Crane will be equipped with a passive and active heave…

Longitude Engineering to Design Bibby Marine's New Electric SOV

Jan 18, 2024

Bibby Marine announced it has tapped Longitude Engineering to design its first-of-kind zero-emission electric service operation vessel (SOV).The 'eSOV' project, as the project partners are calling it, was first announced in September 2023 and recently awarded £20 million under the U…

HydroWing Develops Servicing Barge for Tidal Energy Turbines

Jan 16, 2024

UK-based company HydroWing has designed an innovative new barge that aims to cut costs of installation and maintenance for its patented tidal stream array technology.HydroWing technology features a wing system that streamlines operations and…

New Project to Tackle Barriers of HVDC Transmission in US

Jan 09, 2024

DNV has launched a joint industry project with ten offshore wind and transmission developers to identify changes to electrical standards and standardization needed to enable the connection of High Voltage Direct Current (HVDC) transmission into the United States’ electric grid…

Valaris Nets Over $1B in Rig Contract Awards and Extensions

Jan 10, 2024

Offshore drilling company Valaris has secured approximately $1.14 billion in new contracts and contract extensions for its drillships and jack-up rigs across the Americas, Europe and Australia.The $1.14 billion worth contracts were awarded in the last two months of 2023…

HydroWing Opens New Base in Wales

Jan 09, 2024

HydroWing announced it has opened a new office in Wales, to support the development of its tidal stream energy project at Morlais on Anglesey.The company has been awarded a contract through the latest round of the U.K. government’s ‘Contracts…

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