Ocean Power Technologies News

 

FLOATING POWER: Seatrium, Karpowership Ink Pact for FSRU Conversions

Aug 14, 2025

Seatrium Limited signed a Letter of Intent (LOI) with Karpowership, a global energy company and the owner, operator, and builder of the world’s largest Powership (floating power plant) fleet.Under the LOI, Seatrium will carry out the integration of four New Generation Powerships, with an option for two additional units. Karpowership will deliver the hulls and key equipment for the four Powerships to Seatrium Singapore…

Vår Energi’s Digital Evolution Embodied on Jotun FPSO

Aug 11, 2025

The new deployment marks a new chapter in offshore operations, where full wireless coverage lays the foundation for real-time data processing, seamless sensor integration and smarter, safer platforms. The Jotun FPSO at the Balder Field on the…

Johan Castberg Pivotal to Future Development of Barents Sea

Aug 10, 2025

The Johan Castberg field is important to the further development of the Barents Sea, says the Norwegian Petroleum Directorate, as it will be producing oil for many years to come, and new discoveries can be incorporated.The Johan Castberg oil field came on stream in March…

Equinor Officially Opens Norway’s Northernmost Oil Field

Aug 08, 2025

Equinor’s Johan Castberg field, Norway's northernmost oil field in Barents Sea that came on stream earlier in 2025, was officially opened by the country’s top officials.Johan Castberg field will produce for at least 30 years, delivering 220…

Eco Wave Power Makes Progress with US Wave Energy Pilot Installation

Aug 08, 2025

Onshore wave energy company Eco Wave Power Global has installed its energy conversion unit at the Port of Los Angeles, marking a key step toward first operational testing of the company's inaugural U.S. wave energy pilot.The energy conversion…

Celtic Sea Floating Wind Farm Gets Full Consent

Aug 07, 2025

Offshore wind developers Flotation Energy and Cobra have received full onshore and offshore planning approval for their 100 MW White Cross floating wind project in the Celtic Sea.The proposed offshore wind farm, located 52km off the Devon coast…

AIQ, SLB Partner Up to Deploy AI Tool Across ADNOC’s Subsurface Ops

Aug 07, 2025

Global energy technology company SLB and AIQ, the Abu Dhabi-based AI champion for the energy sector, have teamed up to advance AIQ’s continued development and deployment of its ENERGYai agentic AI solution across ADNOC’s subsurface operations…

Israel’s Leviathan Partners Expand Egypt Gas Deal with $35B Supply Boost

Aug 07, 2025

The partners in Israel’s Leviathan gas field have signed an amendment to their existing export agreement with Blue Ocean Energy, significantly increasing natural gas volumes destined for Egypt.Under the revised deal, total contracted volumes…

Tullow Oil’s New Well off Ghana Delivers ‘Better Than Expected’ Net Pay

Aug 06, 2025

Tullow Oil has restarted the drilling campaign at Jubilee field offshore Ghana, with the first well that came onstream delivering ‘better than expected’ net pay during drilling operations with Noble Corporation’s Noble Venture drillship.Tullow Oil brought the the J72-P well…

Glamox to Illuminate Taiwan’s Fengmiao Offshore Wind Farm

Aug 05, 2025

Lighting specialist Glamox has secured contracts to light the wind turbine foundation transition pieces for the Fengmiao wind farm, to be located near Taichung, offshore Taiwan.Glamox will provide approximately 920 marine-certified LED luminaires…

BOEM Rescinds Offshore Renewable Energy Leasing Schedule

Aug 04, 2025

The US Bureau of Ocean Energy Management (BOEM) has announced a direct final rule rescinding a section of its regulations that outlined the renewable energy lease sale schedule.Under the rescinded regulation, BOEM required the Secretary of the…

Taihan Gets $130M Cabling Job at Korea’s Offshore Wind Farm

Aug 04, 2025

Taihan has secured a turnkey contract to supply and install over 100 kilometers of inter-array subsea cables for Korea’s largest offshore wind development, the Anma offshore wind power project.The contract, valued at approximately $129.3 million (KRW 181…

SLB Acquires Well Intervention Software Specialist

Aug 01, 2025

Global energy technology company SLB has acquired Stimline Digital, a cloud-based software company for the energy sector specializing in well intervention.Stimline Digital’s IDEX platform provides operators with a powerful visualization canvas…

Deepsea Mira Spuds Third Well in Orange Basin License off Nambia

Aug 01, 2025

Oil and gas firm Rhino Resources and its partners have spudded the Volans-1X exploration well in PEL85 license, offshore Namibia, using Odfjell Drilling-managed Deepsea Mira semi-submersible rig.Drilled by the Deepsea Mira in water depths of around 1…

Scotland Grants Consent for SSE’s 4.1GW Offshore Wind Farm

Jul 31, 2025

The Scottish Government has granted consent and marine licenses for SSE Renewables’ 4.1 GW Berwick Bank offshore wind farm, which could become the world’s largest offshore wind farm.The Section 36 consent determination by Scottish ministers…

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