Sea1 Offshore, formerly Siem Offshore, has signed an agreement to sell the 2014-built offshore construction vessel (OSCV) Sea1 Spearfish to an independent third party.The sale is done on market terms and will result in a gain of approximately $40 million for Sea1 Offshore…
Energy industry services firm EnerMech has been awarded a three-year cranes and lifting services contract for the Anasuria floating production storage and offloading (FPSO) vessel, east of Aberdeen in the central North Sea.Secured following a competitive tendering process…
Havila Holding, through its subsidiary Havila Skipsinvest, has acquired the Polarsyssel offshore supply ship from Fafnir Norway.Polarsyssel serves as the Governor of Svalbard’s service vessel and plays a key role in safety and emergency preparedness in the region…
Euroports Group and Noatun project companies, jointly held by OX2 and Ålandsbanken Offshore Wind I, have signed a Letter of Intent (LoI) to establish Koverhar Harbour in Hanko as a key logistics hub for the construction of the offshore wind farm project Noatun North…
RWE has deployed a bubble curtain technology in the U.K. for the first time to protect marine life from the construction noise at its Sofia offshore wind farm.RWE has been working with Hydrotechnik Offshore to introduce an innovative underwater noise-abatement technology…
Gazelle Wind Power, a Dublin-based floating wind developer, has secured a 10-year TUPEM (Titulo de Utilizacao Privativa do Espaco Marítimo) authorization, clearing the way for the deployment of its 2 MW Nau Azul floating wind demonstrator project off Portugal…
Dutch FPSO leasing specialist SBM Offshore has signed a $1.1 billion unsecured Revolving Credit Facility (RCF) with a group of 13 international banks.The loan will be used to refinance its existing $1.0 billion RCF which was due to expire in February 2026…
British oil and gas producer BP said on Friday that reported upstream production in the first quarter is expected to be lower compared to the previous quarter.BP expects earnings in its oil production and operations segment to be broadly flat from the previous quarter…
Eidesvik Seven Chartering, a joint venture company between Subsea7 and Eidesvik Offshore, has entered into an agreement with Subsea7 to extend the contract for the subsea vessel Seven Viking.Subsea7 declared the remaining option for 2026 and…
Well engineering consultancy and project management firm Zenith Energy hade delivered the Wolin East 1 (WE 1) well for client Central European Petroleum (CEP) at its Wolin concession in the Baltic Sea, offshore Poland.Zenith Energy was hired to provide full well management…
Abu Dhabi Future Energy Company (Masdar) has completed the acquisition of 100% shares in Greece’s Terna Energy.The acquisition follows the successful completion of an all-cash mandatory tender offer (MTO) and squeeze-out process for the remaining 30% shares of the company at a price of $22…
Denmark’s largest offshore gas development, the Tyra hub in the North Sea, has been restarted with full technical capacity achieved on the facilities, following the completion of repairs which impacted the production.BlueNord, the partner in…
Equinor has established a new business area, combining renewables with its gas-to-power and energy storage units as it aims to capitalize of rising power demand.The announcement comes in response of growing power demand from electrification of society and industry…
Aker Solutions has unveiled three floating wind foundation designs – the YFloat, CONFloat-Omega, and CONFloat-7C – engineered to maximize energy production, simplify construction and reduce maintenance.All three have passive ballast systems…
Estonian energy producer Sunly, French renewable pioneer VALOREM Group, and Deep Wind Offshore have signed a partnership agreement to jointly develop Tuul Energy offshore wind project in Estonia.Following the agreement, VALOREM Group and Sunly will enter Deep Wind Offshore’s project…
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