Daewoo Shipbuilding & Marine Engineering (DSME) and Korea Electric Power Corporation Engineering & Construction (KEPCO E&C) have signed a Memorandum of Understanding (MoU) to develop an offshore wind substation. The South Korean companies plan to jointly research and develop the offshore substation
The UK offers operators best profit conditions to develop big offshore fields and Kuwait and Canada follow, according to Rystad Energy.
The latest survey on the UK’s Subsea sector has revealed an improved outlook for the industry with less anticipated redundancies, greater optimism and new geographical markets. Industry body, Subsea UK, surveyed its 300 members in early July and then again in late November 2020 to provide insight in
CWind Taiwan has signed an exclusive cooperation agreement with E&Y Electronics, a Taiwanese power cable service provider specialised in cable testing and termination, to develop its cable maintenance services in the Taiwanese offshore wind market. The services under the cooperation agreement includ
The United States on Tuesday imposed sanctions on a ship involved in building the Nord Stream 2 pipeline, as the Trump administration sought to raise pressure on the project on its last day in office.
Two Fieldwood Energy workers have been indicted for allegedly allowing crude oil spills from Gulf of Mexico platforms to avoid shutdowns.
U.S. oil company Occidental Petroleum claims that it is doing more than American electric vehicle and clean energy company Tesla to reduce greenhouse gas emissions.
The Massachusetts Clean Energy Center (MassCEC) has released a Notice of Intent for a solicitation that, if issued, would seek to fund projects dedicated to expanding the offshore wind workforce. The solicitation would work to increase the participation of underrepresented populations and/or target
Cruise major Royal Caribbean Group has entered into a definitive agreement to sell its Azamara brand to Sycamore Partners, a New York-based private equity firm.
Ørsted has taken a final investment decision (FID) on the H2RES green hydrogen demonstration project in Denmark and expects first hydrogen production in late 2021. The project, to be built at Avedøre Holme in Copenhagen, will comprise a 2 MW electrolysis plant with appurtenant hydrogen storage, with
FAR Limited has executed a sale and purchase agreement with Woodside related to the sale of FAR’s interest in the Senegal RSSD Project.
Halliburton booked a loss in 4Q 2020. While the loss is bigger compared to 3Q 2020, it is significantly smaller in a year-over-year comparison.
The Cyprus Shipping Deputy Ministry (SDM) is launching a range of green incentives to reward vessels that demonstrate effective emission reductions. From the fiscal year 2021, annual tonnage tax will be reduced by up to 30% for each vessel that demonstrates proactive measures to reduce its environme
Australian energy consultancy EnergyQuest expects the country’s LNG exports to jump after a strong performance in December.
