Offshore installation specialist Subsea 7 has expanded its fleet with newbuild reel-lay vessel Seven Vega.Built by Dutch shipbuilder Royal IHC, the Seven Vega is 149 meters long, with a breadth of 33 meters, and a Class 3 dynamic positioning system…
Offshore wind turbine manufacturer MHI Vestas has installed the first V164 9.5 MW turbine at the installation harbor for the Kincardine floating offshore wind farm. This is, according to MHI Vestas, the most powerful turbine in use at a floating wind project…
Premier Oil cut its 2020 production outlook to 61,000-64,000 barrels of oil equivalent per day from a previously forecast 65,000-70,000 on Thursday, due to problems at its Catcher field.The company also said it plans to issue a prospectus in…
Oil and gas company ConocoPhillips said Wednesday it had made a significant and potentially the largest gas condensate discovery offshore Norway this year.The discovery was made in the Norwegian Sea, in the production license 1009, 22 miles…
Offshore engineering and maintenance solutions provider Sparrows Group has said it has won a five-year contract with a major UK Continental Shelf operator to provide inspection services across all its assets in the region.The company, which didn't reveal the identity of the client said…
Norwegian energy firm Equinor has awarded Norsea Group, Saga Fjordbase, and ASCO Norge contracts for services at supply bases in Norway. The contracts are awarded on behalf of Equinor operated licenses on the Norwegian continental shelf.Peggy Krantz-Underland…
Italian oil giant Eni and the Norwegian energy investment firm HitecVision have announced today the establishment of a new joint venture company, Vårgrønn, with the aim of developing new green energy projects in Norway and the Nordic market…
Penguin Shipyard in Singapore is building a 27-meter catamaran wind farm service vessel for Farra Marine, the Irish operator's first. Construction commenced in September, and the vessel, named Farra Orla, is expected to be delivered in the second quarter of 2021…
Chrysaor, a UK-North Sea focused oil and gas company, has tendered a license application for the purpose of storing CO2, and will, in parallel, seek agreement for a storage lease with The Crown Estate for the storage of CO2 in a depleted Southern North Sea gas reservoir…
World Energy Reports' Phillip Lewis discusses recent developments driving global offshore wind markets, including booming activity in the U.S., plans for new, larger installation vessels and advances in floating turbine technology.
Norway's Simon Møkster Shipping has won a new contract for its Stril Mariner offshore vessel.The contract, starting this month, is with the Norwegian oil company Aker BP. The vessel is expected to stay with Aker BP for three months.Stril Mariner…
The Norwegian government is seeking approval from parliament to divest the state's stakes in Aker Solutions, Akastor, Aker Offshore Wind and Aker Carbon Capture, the industry ministry said on Tuesday.'We are in no hurry to sell the government's…
British oil major BP and Danish wind developer Ørsted have signed an agreement to work together to develop a project for industrial-scale production of green hydrogen in Germany.Green hydrogen is made by the electrolysis of water using renewable power…
Norwegian oil and gas firm Vår Energi has chartered two offshore support vessels, which the company says will help it reduce environmental footprint.One is the Olympic Energy platform supply vessel, owned by Olympic Shipping, the other is Tidewater's 2012-built Troms Sirius platform supply vessel…
Two Norwegian offshore energy services firms Aker Solutions and Kvaerner said Monday that all conditions had been met for their proposed merger to proceed.The two companies announced the proposed merger in June. Under the terms, Aker Solutions will absorb all the assets…
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