JERA Nex bp has completed the acquisition of Sumitomo Corporation’s stakes in the Northwester 2 and Nobelwind offshore wind farms, increasing its ownership of the two Belgian projects.The transaction raises JERA Nex bp’s ownership of the 219 MW Northwester 2 wind farm to 100% through the acquisition of Sumitomo’s 30% stake.The joint venture also acquired Sumitomo’s 39.02% holding in the 165 MW Nobelwind wind farm…
Singapore-listed marine logistics company Marco Polo Marine's offshore wind division, PKR Offshore, has signed a framework agreement with Siemens Gamesa for the deployment and charter of two commissioning service operation vessels (CSOVs) for offshore wind projects in Asia…
DOF Group ASA announced a large contract award for Subsea Construction and Pre Commissioning Support services in the APAC Region.Skandi Inventor will be deployed for the execution of the offshore operations scheduled to commence in Q4 2026 in North Australian waters…
Italian shipbuilder Fincantieri has agreed to acquire majority stakes in four companies for an initial expenditure of about $687 million (€600 million), expanding its capabilities in marine drones, subsea services and underwater communications across commercial and defense markets…
LS Marine Solution, a subsidiary of LS Cable & System, has started construction of a next-generation cable laying vessel (CLV) designed for long-distance high-voltage direct current (HVDC) and large-scale offshore wind grid projects.A steel…
Norske Shell has awarded AGR a frame agreement for the provision of specialist workforce to its onshore and offshore operations in Norway.The agreement covers the supply of project and long-term personnel and consultants for areas including drilling and wells…
Cidade de Niterói MV18 floating production, storage and offloading vessel (FPSO) unit, owned and operated by MODEC, has arrived at a ship recycling facility in Denmark after completing charter and operations and maintenance services for Petrobras at the Marlim Leste field offshore Brazil…
The latest bout of political turmoil in Britain comes as energy security has moved front and centre following the Iran war, offering the next prime minister a chance to rethink the country’s North Sea oil and gas strategy.Andy Burnham, who is…
German utility RWE has agreed to acquire additional indirect stakes in transmission system operator Amprion for $4.1 billion (€3.6 billion), raising its total holding in the company to 55% and expanding into regulated grid infrastructure.RWE has agreed with five shareholders of M31…
Trendsetter Vulcan Offshore (TVO) has deployed its proprietary Hercules tethered blowout preventer (TBOP) system to bring a shut-in well in the Gulf of America back into production, enabling a deepwater drilling rig to carry out a shallow-water workover operation…
The Trump administration on Wednesday said it would pay $765 million to power project developer Invenergy to terminate four wind leases off the coasts of New York, California and Maine.The Department of the Interior said in a statement that…
McDermott International did not halt work on QatarEnergy’s massive North Field East expansion project during the Iran war, Chief Executive Michael McKelvy said on Tuesday, even as the conflict imposed operational constraints.McDermott is responsible…
Norwegian oil and gas group Equinor has further scaled back its renewable energy ambitions, dropping a 2030 installed capacity target and cutting back on investment, it said in a strategy update on Tuesday.The change reflects a wider industry trend…
Italy's business lobby Confindustria has called for emergency action from the government to speed up the roll-out of renewable energy in the country, which is grappling with much higher power costs than in most of Europe.The recent increase…
Hungary's MOL Group and its joint venture partners Repsol and Türkiye Petrolleri A.O. (TPAO) have signed a production sharing agreement for a deepwater offshore exploration block in Libya's Mediterranean waters, advancing plans for oil and gas exploration in the North African country…
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