Norway-based Magnora has entered into a partnership with an undisclosed company to establish a joint floating wind player called Magnora Floating Wind, which already started working on the application for the ScotWind round in Scotland. The newly established company also plans to participate in the
Norwegian oil company Aker BP has awarded a contract to compatriot shipping company Eidesvik Offshore for one of its platform supply vessels.
Canadian oil and gas company Cenovus Energy expects to have higher production and spending in 2021 following its acquisition of Husky Energy.
The U.S. National Offshore Wind Research and Development Consortium has revealed the round one awards of the Offshore Wind Solicitation 1.0 for technology research and development projects. The competitive solicitation sought new solutions that remove barriers and address issues essential for cost r
CNOOC Europe has awarded Worley a two-year contract to provide engineering, procurement and construction services to its three operated North Sea assets.
Abu Dhabi Ports’ maritime arm Safeen has recently signed an agreement with Allianz Marine & Logistics Services (AMLS) to launch a new international provider of integrated maritime logistic services.
The planned mega-merger between Italian shipbuilding major Fincantieri with its French counterpart Chantiers de l’Atlantique has fallen through. The decision has been made public in a joint statement by the French and Italian ministries of economies citing the impact of the COVID-19 pandemic on the
According to a new study from Offshore Renewable Energy (ORE) Catapult, large floating wind projects in the UK could secure Contracts for Difference (CfD) strike prices below current wholesale electricity price forecasts in 2029. Reaching the point of having “subsidy-free” floating wind projects dep
Offshore rig builder Keppel and rig owner Borr Drilling have agreed a further delay for the delivery of five jack-up rigs that Keppel is building for Borr.
Swedish oil company Lundin Energy has announced it would be increasing its output in 2021 as well as accelerating its decarbonisation strategy.
The Panama Canal contributed to a reduction of more than 13 million tons of carbon dioxide (CO2) equivalent emissions in 2020 by offering a shorter route to ships when compared to the most likely alternative routes. These savings are equivalent to the greenhouse gas emissions of 2.8 million passenge
Keppel Corporation has revealed that its struggling Keppel Offshore & Marine unit will exit the offshore rig building business.
Vaalco Energy is hedging a portion of its production to protect cash flows, which will be used for its fresh drilling program this year and the next.
Subsea services player DeepOcean has completed the restructuring and wind down of its UK cable lay and trenching business. The restructuring process, which started in November last year, involved DeepOcean 1 UK, DeepOcean Subsea Cables and Enshore Subsea. Deepocean said that through the completion o
