Singapore's Sunseap Group says it plans to spend $2 billion to build the world's largest floating solar farm and energy storage system in neighboring Indonesian city Batam, which will double its renewable power generation capacity.The floating photovoltaic system is expected to have a capacity of 2…
Norway-based offshore support vessel firm Solstad Offshore has won a charter deal for its construction support vessel Normand Jarstein.The contract is with the subsea services firm DeepOcean AS.The Normand Jarstein vessel (ex-Rem Pioneer) will support DeepOcean`s IMR…
British oil major BP, working to beef up its renewables business, has signed an exclusive consultancy agreement with Quaybridge, a UK-based renewables consultancy with expertise in offshore wind.'The two will work together to advance BP’s global…
Norwegian energy giant Equinor has chartered Floatel International's offshore accommodation rig Floatel Victory.Equinor will use the semi-submersible flotel for maintenance and safety services alongside the Peregrino FPSO offshore Brazil.The…
Australia's Santos Ltd increased the lower end of its annual production outlook on Thursday and reported a 37% jump in second-quarter revenue, helped by higher prices and increased demand for natural gas.The country's second-largest independent…
The United States and Germany on Wednesday unveiled an agreement on the Nord Stream 2 gas pipeline under which Berlin pledged to respond to any attempt by Russia to use energy as a weapon against Ukraine and other Central and Eastern European countries…
Japan has been largely forgotten as a source of demand for energy commodities, overshadowed by the rapid rise of China, but the country's new electricity generation targets will shake the market up.For many years Japan has been viewed as a largely…
UK-based shipbuilder and marine services provider Manor Marine has won an order to build a multi-role offshore wind farm service vessel.The 26-meter Supa Swath catamaran, designed by Walker Marine Design, was ordered by Mainprize Offshore. Manor…
Shares of energy services firm Baker Hughes slipped on Wednesday after reporting second-quarter results that fell short of Wall Street estimates as it shifts its business to technology and services that help customers transition to a lower-carbon world…
Maersk's Svitzer, a maritime towage provider, has recently signed a 10-year deal with FGEN LNG, a First Gen subsidiary, for towage and other vessel support services required by FGEN LNG’s Offshore LNG Terminal in the Philippines.The LNG Terminal…
TotalEnergies, a France-based oil major with green energy aspirations, is partnering up with energy services giant Technip Energies to develop low-carbon solutions for LNG production and offshore facilities.As part of the partner-up, which the duo says is set up to accelerate the energy transition…
Japan's JFE Engineering Corporation is set to build a factory for the construction of monopile foundations and transition pieces for the offshore wind industry. The company also has plans to build jacket-type foundations in the future.'The monopile…
Norway's oil production lagged official expectations in June, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Wednesday.NPD cited technical problems and maintenance outages as reasons for the lower-than-expected production…
Iberdrola is looking to new markets to help fuel growth and could even consider spinning off its offshore wind business to raise funds, the global wind power group said on Wednesday.In first-half results, Europe's biggest wind power group said…
Shares in Woodside Petroleum fell on Wednesday after an unsourced media report said Australia's top independent gas producer was in talks to buy some or all of BHP Group's oil and gas assets, analysts and an investor said.Woodside shares ended down 2 cents in a broader market that rose 0…
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