Velesto Energy expects the financial impact of an incident in which its NAGA 7 rig submerged off Sarawak will be mitigated by the insurance.
The European Commission has approved, under the EU State aid rules, a new Danish aid scheme to support electricity production from renewable sources, including offshore wind and wave energy.
Offshore rig owner Seadrill Limited has revealed that a termination notice has been received for the West Mira rig from Wintershall Dea.
The corona pandemic has further exposed the vulnerabilities of the German and EU shipbuilding sectors, which have already been under massive pressure from the Asian competition. Specifically, German shipbuilders have been predominantly active in the cruise shipbuilding and large yacht building secto
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has launched an investigation into an oil spilt from Equinor’s Gullfaks C platform in the North Sea.
Valaris has completed its financial restructuring, emerging from the Chapter 11 bankruptcy and eliminating $7.1 billion of debt.
The United States’ Office of Energy Efficiency and Renewable Energy (EERE) has announced the winners of the 2021 Marine Energy Collegiate Competition (MECC).
Philippine state-led National Transmission Corporation (TransCo) and the First Catanduanes Electric Cooperatives (FICELCO) have signed an agreement to build a subsea interconnector linking Camarines Sur to Catanduanes island in the Philippines.
Brazilian oil and gas company Enauta has come to an agreement with Dommo Energia regarding all of the ongoing legal proceedings pertaining to the Atlanta Field offshore Brazil.
The Australian Maritime Safety Authority (AMSA) has handed down an 18-month ban to Panama-flagged bulk carrier Movers 3, which is operated by Aswan Shipping.
Brazilian state-owned oil company Petrobras has decided to exercise its rights of first refusal and bid for the deepwater oil fields Sepia and Atapu.
The International Maritime Organization (IMO) and Germany have teamed up on a project to identify opportunities and solutions to prevent and cut transport emissions in Asia.
The transmission system operators (TSOs) in Latvia and Estonia, AS Augstsprieguma tikls (AST) and Elering AS, have signed a cooperation agreement to study possible solutions for connecting the two countries’ joint 1 GW offshore wind project in the Baltic Sea to their mainland grids. Latvia and Eston
The South Korean government unveiled plans to develop a testbed to accelerate the development of carbon-neutral vessels.
