Grid operator TenneT reported a 9% drop in 2019 operating earnings on Thursday and repeated it will need fresh capital to build the infrastructure needed to realize Dutch and German government plans for more renewable energy. In its 2019 annual report…
The European Investment Bank (EIB) has agreed to lend 250 million euros to the electricity transmission company TenneT for the western section of TenneT’s “Zuidwest 380 kV” project. According to the bank's statement, the project will enable…
Aqueos Corporation said it has wrapped up saturation diving and remotely operated underwater vehicle (ROV) campaigns for multiple clients in the US Northeast.The saturation diving vessel DP2 DSV Kelly Ann Candies was used to conduct inspection…
Offshore drilling contractor Borr Drilling has launched the initial public offering (IPO) in the United States of 5 million of its common shares on July 29.The drilling company that operates 27 rigs said that the offering of common shares on…
Otto Energy now owns 100% interest in the VR 232 license in the shallow water US Gulf of Mexico after acquiring the remaining 50% working interest Byron Energy.VR 232 is adjacent to Otto’s 50% owned South Marsh Island Block 71 oil field and production platform…
Talos Energy has started drilling the Bulleit appraisal well in Green Canyon Block 21 in the US Gulf of Mexico, says partner Otto Energy. The well is being drilled from the Noble Don Taylor drillship. The Bulleit prospect sits in approximately 1…
Subsea services company Canyon Offshore said it has entered into an agreement with vessel owner Otto Candies for the charter of the Jones Act-compliant inspection, maintenance and repair (IMR) vessel Ross Candies.The charter will commence in…
Subsea services company Aqueos Corporation said it has entered into a multi-year agreement with vessel owner Otto Candies for the charter of the US-built multi-role DP-2 diving support vessel (DSV) Kelly Ann Candies.The high spec vessel has…
A new US-flagged inspection, maintenance and repair (IMR) vessel leverages three different propulsion systems for improved maneuverability and a high free running speed.The IMR vessel Paul Candies, built in 2018 by Louisiana builder Candies Shipbuilders and owned by its parent company Otto Candies…
New Jersey based marine engineering firm Martin & Ottaway together with industry partners, has formed a new company, SurfWEC LLC, that will develop Wave Energy Converters (WECs) using patented features that are expected to increase energy recovery…
A U.S. government auction for three wind leases off the coast of Massachusetts ended on Friday with record-setting bids totaling more than $400 million from European energy giants including Royal Dutch Shell Plc and Equinor ASA.The Bureau of…
U.S. supermajor Chevron announced that its operated Big Foot deepwater project in the U.S. Gulf of Mexico has started crude oil and natural gas production.The field is located approximately 225 miles (360 km) south of New Orleans, La., in a water depth of approximately 5…
Byron Energy is preparing to spud next week the F3 development well at South Marsh Island Block 71 in the US Gulf of Mexico, Otto Energy reported Tuesday (2 January). The company and its joint venture partner Otto will use the F3 well as a D5 development well…
Byron Energy has struck 190ft (58m) of net oil pay in the South Marsh Island Block 71 F-2 well in the Gulf of Mexico, exceeding initial expectations, partner Otto Energy reported today (27 December). Drilled and logged to 8615ft measured depth with Ensco jackup Ensco 68…
US explorer W&T Offshore's ST 224 #1 exploration well, in the South Timbalier license in the US Gulf of Mexico, was considered water bearing, according to partner Otto Energy. The well was drilled in 170ft water depth using the Enterprise 264 jackup and reached a total measured depth of 10…
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