Otm Consulting News

 

US Offshore Wind: Outlook Strong Despite Construction Productivity Issues

Apr 25, 2024

While construction productivity issues continue to present immediate challenges for the U.S. offshore wind industry, the long-term outlook remains strong for the nascent sector, according to a recent report from business intelligence and consulting firm Intelatus Global Partners…

Woodside and Partners Appoint Wood for Greater Sunrise Gas Concept Study

Apr 17, 2024

Following a global contract procurement process, the Sunrise joint venture partners including Timor Gap, Woodside Energy and Osaka Gas Australia, have appointed Wood Australia on a Greater Sunrise concept study.The study will be led by Wood…

ABL Eyes Black Sea Offshore Energy with New Romanian Unit

Apr 15, 2024

ABL, the global leading energy and marine consultants, has expanded its European presence with a new office in Romania in support of the Black Sea region’s offshore energy and maritime markets.The office is managed by its Director Alexander Shterev who is Principal Surveyor of ABL Bulgaria…

Acteon Acquired by Private Equity Investors with New CEO in Charge

Mar 27, 2024

Acteon Group, the international offshore energy infrastructure services business, has been acquired by private equity investors Buckthorn Partners and One Equity Partners (OEP).Buckthorn and OEP are making a substantial investment in the business…

COWI Secures Pre-FEED Contracts for Two Scottish Offshore Wind Farms

Mar 05, 2024

International engineering firm COWI has been awarded a contract by Thistle Wind Partners (TWP) -  a joint venture involving DEME, Qair and Aspiravi – to provide Pree-FEED study for Ayre and Bowdun offshore wind projects in Scotland.Under the contract…

DNV Merges Its Cyber Security Arms

Feb 13, 2024

DNV announced it has merged its existing cyber security business with two recently acquired companies, Nixu and Applied Risk.The merger brings together more than 500 cyber security experts to safeguard IT and industrial control system environments across multiple industries…

BIMCO Starts Work on Wind Turbine Transport Contract

Feb 12, 2024

BIMCO has established a subcommittee to work on a global standard contract for the transport and installation of offshore wind turbines. The project has been launched to support the offshore wind industry as the global demand for more renewable sources of energy increases…

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…

New York Offshore Wind Power Auction Set for Big Turnout

Jan 25, 2024

Several offshore wind developers will likely bid in New York's fourth offshore wind solicitation by the Thursday deadline, including units of European energy firms Orsted, Equinor and BP.The development of the U.S. offshore wind industry took…

US Top LNG Exporter in 2023 with Record Levels

Jan 04, 2024

U.S. liquefied natural gas exports hit monthly and annual record highs in December, tanker tracking data showed, with analysts saying it positioned the United States to leapfrog Qatar and Australia to become the largest exporter of LNG in 2023…

Santos Receives Drilling Approval for $4.3 Billion Barossa Gas Project

Dec 18, 2023

Australian oil and gas major Santos said on Monday it had received approval for a revised drilling plan at its $4.3 billion Barossa gas project, although the fate of a pipeline to take gas to shore remains locked in a legal dispute.Santos was…

Reach Subsea Buys Australian Marine Survey Firm

Nov 17, 2023

Norwegian subsea services company Reach Subsea has completed the acquisition of the Australian marine survey company Guardian Geomatics Pty. Reach Subsea had announced the proposed acquisition of Guardian Geomatics in October.It said at the…

UK's Wood Group Ropes in Rolls-Royce exec as New CFO

Nov 01, 2023

John Wood Group on Wednesday named Arvind Balan, a finance executive at Rolls-Royce, as the British oilfield services and engineering firm's new chief financial officer, effective April 2024.Balan has been the CFO at the aero-engineer's Civil…

Semco Maritime and PTSC M&C Consortium Clinch Offshore Wind Farm Substation Contract in Taiwan

Oct 24, 2023

A consortium between Denmark's Semco Maritime and Vietnam's PTSC Mechanical & Construction (PTSC M&C), has won an engineering, procurement, and construction (EPC) contract for a 500 MW offshore wind farm substation project.The project is part of the Feng Miao offshore wind farm…

40GW Potential: U.S. Regulator Seeks Public Input on Gulf of Maine Draft Wind Energy Area

Oct 20, 2023

The U.S. Bureau of Ocean Energy Management (BOEM) on Thursday identified a Draft Wind Energy Area (WEA) in the Gulf of Maine, opening a 30-day public review and comment period.   The Draft WEA covers approximately 3,519,067 acres offshore Maine…

Current News

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DOF Group ASA Awarded Two Long

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Petrobas Awards Fugro Four Mul

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Shell Boosts Production from N

Offshore Solar Farm Set for Integration with Dutch Offshore Wind Project

Offshore Solar Farm Set for In

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