U.S. President Joe Biden vowed during his 2020 election campaign to end federal oil and gas drilling as a major step in his strategy to fight climate change.The U.S. Senate Democrats' $430 billion spending bill agreed this week could kill that pledge…
Danish offshore wind installation contractor Cadeler on Monday said it has signed an agreement with Ørsted for the installation of offshore foundations at the Hornsea 3 offshore windfarm, off the east coast of the U.K.Scheduled to begin in 2026…
Keppel Offshore & Marine Ltd (Keppel O&M)’s wholly-owned subsidiaries, Keppel AmFELS in the U.S. and Keppel Shipyard in Singapore, have been awarded contracts worth around S$75 million (US$54.5 million) for the refurbishment and completion of two floating production units (FPU)…
The shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC) is acquiring Zakher Marine International (ZMI), adding 24 jack-up barges and 38 offshore support vessels to its fleet. ZMI is an Abu Dhabi-based owner and operator of offshore support vessels…
BP has reserved Yinson's Nganhurra floating, production storage and offloading (FPSO) vessel for use on its proposed 10-well subsea Palas, Astrea and Juno oil fields (PAJ Project), on Block 31, offshore Angola.Under an agreement signed between BP and Yinson…
New York is seeking renewable energy to power at least 1.5 million New York homes in its third offshore wind solicitation, Governor Kathy Hochul said on Wednesday, as the state ramps up development of the industry.Administered by the New York State Energy Research and Development Authority…
In our first article we highlighted some of the key contractual considerations facing shipowners looking to construct and charter offshore wind vessels. In this article we explore some of the considerations concerning the financing and bankability of offshore wind vessels…
Italy's Saipem on Wednesday confirmed its 2022 guidance and the targets in its business plan after the energy services group reported a first-half adjusted core profit of 321 million euros ($325 million).Investors this month agreed to fund only 1…
The first monopile and transition piece have been installed at the Dogger Bank Wind Farm in the U.K. North Sea, marking a key milestone for the construction of the world's largest offshore wind farm.The foundations, designed by Wood Thilsted…
Seaway 7 announced that it won a 'sizeable' [between $50-150m] contract for the transport and installation of inner-array grid cables on an offshore wind farm project in the U.S.The scope includes the transport and installation of around 160…
Norwegian shipowner Siem Offshore said it has secured contract extensions for two of its platform supply vessels (PSV) working for TotalEnergies offshore Brazil.Total E&P do Brazil has declared the first of two options for the PSVs Siem Atlas and Siem Giant…
Akastor ASA's 50% owned affiliate AKOFS Offshore AS signed a firm contract for its vessel Aker Wayfarer that will continue to perform services as a subsea equipment support vessel (SESV) for Petróleo Brasileiro S.A. as client in Brazil.The duration of the contract is 1…
Florida-based St. Johns Ship Building has started construction of a Jones Act-compliant crew transfer vessel which will serve the Vineyard Wind 1 offshore wind farm in the U.S. Atlantic.The shipyard informed of the keel laying ceremony for the…
U.S. liquefied natural gas (LNG) developer Delfin LNG has asked federal regulators to extend the amount of time it has to put the onshore part of its proposed Gulf of Mexico floating LNG export project off Louisiana into service until September 2023…
Dutch FPSO leasing specialist SBM Offshore said Thursday it had completed the US$1.75 billion project financing for the FPSO One Guyana. The company has previously said that this would be the company's largest FPSO so far. It will be deployed at ExxonMobil's Yellowtail development…
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