Vineyard Wind, which is on track to be the first major U.S. offshore wind farm, closed on a $2.3 billion loan and will begin construction in Massachusetts later this year, its owners said on Wednesday.The senior debt financing allows the project…
SEA-KIT, a company designing and building Uncrewed Surface Vessels (USVs), has won funding to install a PCB-based hydrogen fuel cell, engineered by Bramble Energy, on its 12m USV ‘Maxlimer’ and demonstrate zero-emission maritime operations.SEA…
Norway's annual licensing round of new acreage for oil and gas exploration, including some in the Arctic Barents Sea, has attracted bids from 31 oil companies, the country's energy ministry said on Wednesday.The ministry's announcement follows…
Saudi Arabia's national oil company Saudi Aramco has signed a memorandum of understanding with energy industry construction and installation firm McDermott to explore the use of McDermott's SAFIRA fabrication yard for construction services for Saudi Aramco's upstream and downstream projects…
Offshore vessel operator and installation services firm Bourbon Subsea Services has recently completed the installation of the 3.6 MW TetraSpar floating wind turbine prototype at a test site in Norway.The TetraSpar Demo project is developed by Stiesdal Offshore Technology…
Completions specialist Tendeka has said it has secured more than $30million worth of international contracts within the last quarter which will cover the next three years.'In addition to this unplanned revenue, the company has won long-term…
Russia's Energy Ministry is due to prepare a report in the coming days about the possibility of Rosneft exporting natural gas to Europe via the new Nord Stream 2 pipeline, Interfax cited Deputy Prime Minister Alexander Novak as saying on Wednesday…
Africa-focused Tullow Oil's finance chief Les Wood will step down by the end of March, the oil and gas company said on Wednesday, after it swung back to profit in the first half of 2021.Tullow, which has been operating in Africa since 1986,…
Norwegian oil company Okea expects its revenue to roughly triple in the third quarter of 2021 on higher oil and gas prices, the firm said on Wednesday, adding that it sees a an additional boost from the imminent startup of a new field.Overall…
Ocean Winds (OW), a 50-50 joint venture between EDP Renewables (EDPR) and ENGIE, has said that the final offshore wind turbine has been installed at what is currently Scotland’s biggest windfarm: Moray East.The project currently has all 100 turbines with a capacity of 9…
Aker BP has awarded FEED contracts worth nearly NOK 700 million (~$81,2 million) to its alliance partners Aker Solutions, Siemens Energy, and Subsea 7, related to the field development of NOA Fulla in the southern part of the NOAKA area, offshore Norway…
Shearwater GeoServices has won a six-month contract extension with seismic data firm CGG on its Nebula survey offshore Brazil and is nearing completion of work for CGG on its North Viking Graben survey.Shearwater has previously conducted work…
The Bureau of Ocean Energy Management (BOEM) announced Doug Boren has been appointed as the new regional director for the agency’s Pacific Office in Camarillo, Calif. Boren will be responsible for managing the development of energy and mineral resources on the U…
Norway's Labour Party began coalition talks with other members of the center-left bloc on Tuesday seeking to form a government after their parliamentary election victory, with the focus on climate change and oil.Labour leader Jonas Gahr Stoere must…
U.S. oil producer Chevron Corp on Tuesday pledged to triple to $10 billion its investments in low-carbon fuel and projects through 2028 amid pressure to boost clean-energy markets.Oil producers globally have stepped up plans to transition to a less carbon intensive production…
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