United Oil & Gas’ North Sea discovery, envisioned as a subsea tie-back, has been valued at £109.1 million on an unrisked basis.
CorPower Ocean and energy academics from Edinburgh University have completed a rigorous Life Cycle Assessment (LCA) of a wave energy array, showing its global warming potential to be 20-40 times lower than conventional fossil fuel electricity generation.
Vos Prodect has secured a contract by TKF to deliver the cable hang-off systems for the Baltic Eagle offshore wind project in the German Baltic Sea. A tailored load test program has been created specifically for the project that will be executed at Vos Prodect’s bespoke test facility in Klazienaveen
Classification society Korean Register (KR) has signed a memorandum of understanding with ship management company Korea Leading Company of Ship Management (KLCSM) and shipbuilder Samsung Heavy Industries (SHI) for joint research and commercialization of autonomous navigation systems for mid- to larg
The offshore energy industry made it clear long ago that hydrogen will play an important role in the efforts to reach net-zero and achieve decarbonization targets. Many steps have been taken in this direction so far, but this week hydrogen made a grand entrance with the announcement that the world w
Two NGOs have demanded from the top ten container giants to invest a minimum of $95 billion of this year’s mega-profits in kick-starting their own upgrade to zero-emission propulsion.
Norway’s Ministry of Petroleum and Energy has approved a development plan for the ConocoPhillips-operated cross-border field in the North Sea.
Buoyancy and protection products manufacturer CRP Subsea has secured a contract to provide two of its buoyancy solutions in the Gulf of Mexico. According to the company, the engineering works will commence at its buoyancy production facility in the North West of England later this year, with complet
Minesto has informed that the commissioning results of its Dragon Class tidal power plant in Faroe Islands have verified commercial performance and are fully in line with simulation results.
Hitachi Energy has started testing what is said to be the world’s most powerful 24-MVA subsea transformer, which will be supplied to OneSubsea to power the compression system for the Shell Ormen Lange field in the Norwegian Sea. As informed, the transformer is being tested in the Port of Vaasa in Fi
A decommissioned North Sea platform – SEE MONSTER – is on its way to be reimagined into the world’s first & only repurposed offshore platform.
Lithuanian operator of oil and liquefied natural gas (LNG) terminals, KN (Klaipėdos Nafta AB), has signed a letter of intent with two companies in the Polish Orlen group, Orlen Neptun I and Energa Wytwarzanie, on cooperation in providing operation and maintenance (O&M) services for offshore wind far
African bank Afreximbank has executed a head of terms with UTM Offshore to partially finance a floating liquefied natural gas (FLNG) project in Nigeria.
Thirteen members have launched the Blue Visby Consortium which is aimed at helping the shipping industry eliminate the wasteful practice of “Sail Fast, then Wait” (SFTW) through a collaborative platform.
