Renaissance Offshore News

 

Shell to Focus on Deepwater as it Exits Nigeria's Onshore Oil Production

Mar 14, 2025

Shell has completed the sale of its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance as part the $1.3 billion agreement announced early in 2024.The divestment of SPDC aligns with Shell’s intent to simplify its presence in Nigeria through an exit of onshore oil production in the Niger Delta and a focus of future disciplined investment in its deepwater and integrated gas positions…

WindPort, Port Esbjerg Team Up for Norwegian Offshore Wind

Apr 08, 2025

One of the world’s largest base ports for offshore wind activities Port of Esbjerg and Norwegian port operator WindPort have entered into a strategic partnership to accelerate offshore wind development in Norway.The partnership focuses on joint…

Former Shell Executive to Lead Nigeria’s State-Run Oil Firm

Apr 03, 2025

Nigerian President Bola Ahmed Tinubu has appointed Bayo Ojulari, a former Shell executive, to head the state-owned oil firm NNPC Ltd as the country seeks to raise oil production and revitalise its refining capacity, the presidency said on Wednesday…

NYK Group’s N-O-G Buys its First SOV From Edda Wind

Mar 27, 2025

Northern Offshore Group (N-O-G), an NYK Group company, has purchased Mistral Enabler service operation vessel (SOV) from Edda Wind.The 81-meter-long Mistral Enabler SOV, with an onboard capacity for 60 people, will be renamed Northern Ocean…

JDR Secures Cabling Work at Coastal Virginia Offshore Wind Project

Dec 03, 2024

JDR Cable Systems (JDR), the global subsea cable and umbilical supplier and service provider, has secured a significant contract by DEME Offshore to support Dominion Energy's Coastal Virginia Offshore Wind (CVOW) project.JDR's comprehensive…

Türkiye Offshore Wind Roadmap Outlines Up to 7GW Potential by 2040

Nov 08, 2024

World Bank Group, in collaboration with the Republic of Türkiye’s Ministry of Energy and Natural Resources, has launched a new roadmap today which outlines the opportunities and challenges to deliver viable offshore wind projects in Türkiye…

Developers Submit Two New Proposals for New York’s Offshore Wind Solicitation

Sep 10, 2024

Vineyard Offshore and Community Offshore Wind have submitted proposals to the New York State Energy Research and Development Authority (NYSERDA) to develop two offshore wind projects as part of the state’s fifth solicitation round.Vineyard Offshore…

North Sea Realism in a Busy Market

Aug 28, 2024

The offshore support vessel (OSV) market is very much a global industry where ships frequently mobilize between regional markets. This offers far more opportunities than markets more closely linked to their specific local geography and operational patterns…

PDE Offshore Gets Sonardyne Upgrade for Geo Energy Vessel

Feb 01, 2024

Taiwanese offshore geophysical and geotechnical investigation company PDE Offshore has upgraded its underwater acoustic positioning system onboard MV Geo Energy to Sonardyne’s Ranger 2 USBL system.The upgrade will further enhance PDE Offshore’s…

Singapore Firm Orders Next-Gen Cable Ship Design

Nov 02, 2023

Singapore-based Megamas Resources, in partnership with Renaissance Technologies (RTM) has contracted Ulstein Design & Solutions AS to design a cable-laying and repair vessel.  According to a press release issued Thursday, the decision to press…

Oil Giants Drill Deep as Profits Trump Climate Concerns

Jul 03, 2023

Oil and gas companies have intensified the hunt for new deposits in a long-term bet on demand, as they reinvest some of the record profits from the fossil fuel price surge driven by the Ukraine war, according to data and industry executives…

Prysmian Selects Name for New Cable Laying Vessel

Jun 27, 2023

Italian power cable making and installation group Prysmian Group has chosen the name Monna Lisa for the new 171-meter cable-laying vessel that is currently under construction in Romania. The vessel is the sister ship to Prysmian's Leonardo da Vinci cable layer…

Offshore Oil Spending to Rise More Than 20% This Year

Jun 21, 2023

Offshore oil and gas exploration spending will increase more than 20% globally this year and the growth will continue into the next, oilfield services firm SLB said on Wednesday.'Offshore is experiencing a renaissance, with significant breadth and anticipated durability…

Floating Offshore Wind: EDP Group Transfers Stake in Principle Power to Ocean Winds

May 26, 2023

EDP Group agreed with Ocean Winds (OW), the joint venture created by EDP Renewables and ENGIE dedicated to offshore wind, to transfer EDP’s position in floating wind design firm Principle Power to OW.Principle Power is specialized in the design…

Offshore Winds BLOWing in Bulgaria

Jan 27, 2023

Under an EU-backed scheme, Bulgaria will see a 5 MW floating wind turbine demonstrator installed off its coast in the Black Sea within the next two years, as part of the Black Sea Floating Offshore Wind (BLOW) project. The project, which will see the turbine connected to an offshore gas platform…

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