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Yinson taps German manufacturer for work on Brazilian FPSO
Business & Finance

Yinson orders MAN technology for Brazil-bound FPSO

MAN Energy Solutions has been hired by Yinson to supply a total of seven compressor trains for a new FPSO vessel off the coast of Brazil.

about 4 years ago
Orbital Marine's O2 tidal turbine (Courtesy of Orbital Marine Power)
Business & Finance

Orbital Marine Power secures revenue support for 7.2MW tidal energy projects

Scottish floating tidal energy company Orbital Marine Power has been awarded two contracts for difference (CfDs) in the latest renewable energy auction scheme in the UK.

about 4 years ago
One of the turbines used for the MeyGen project – the AR1500 (Courtesy of SIMEC Atlantis)
Business & Finance

UK’s fourth contracts for difference round awards over 40MW of new tidal power capacity

The fourth round of the Contracts for Difference (CfD) scheme has seen the first-ever tidal stream auction winners – Orbital Marine Power, SIMEC Atlantis Energy, and Magallanes Renovables – who will together generate over 40MW of clean power from tides for British homes and businesses.

about 4 years ago
Natural Power Bolsters Offshore Team
Business & Finance

UK secures 7 GW of new offshore wind, awards CfD to world’s single biggest OWF

The UK Government has awarded Contracts for Difference (CfDs) to five offshore wind projects at a strike price of £37.35/MWh each. One of the five offshore projects, which have a total generation capacity of 7 GW, is Ørsted’s Hornsea Three, for which the developer says is the world’s single biggest

about 4 years ago
Illustration/Hornsea One offshore wind farm (Photo courtesy of Ørsted)
Business & Finance

UK to add almost 11GW of clean energy capacity as it moves away from fossil fuels

The biggest ever round of UK government’s flagship renewables auction scheme has secured record capacity of almost 11GW of clean energy, to be delivered across a range of clean technologies, including offshore wind, solar, onshore wind, and for the first time ever – floating wind and tidal energy.

about 4 years ago
Norwegian govt puts an end to offshore workers’ strike to avoid further loss of output
Business & Finance

Norwegian govt puts an end to oil & gas workers’ strike to prevent output loss

The Norwegian government has decided to step in to avoid further loss of oil & gas production after offshore workers went on a strike.

about 4 years ago
Centurion combines businesses to create subsea services provider
Business & Finance

Centurion combines businesses to create subsea services provider

Centurion Group has combined its Aberdeen-based businesses Aleron and Seanic UK to form Centurion Subsea Services (CSS).​ Centurion Subsea Services is said to provide specialist subsea equipment and engineering services to the energy, renewables, decommissioning and subsea construction industries. T

about 4 years ago
Solstad offloads yet another vessel
Business & Finance

Solstad offloads yet another vessel

Solstad Offshore has sold another platform supply vessel (PSV) to a buyer, whose identity has not been revealed.

about 4 years ago
Significant drop in recoverable oil resources could deal major blow to global energy security, Rystad forecasts
Business & Finance

Drop in recoverable oil resources could deal major blow to energy security, Rystad says

The drop in the total recoverable oil worldwide from last year’s figures represents another threat to global energy security, explains Rystad.

about 4 years ago
Norway to spearhead oil & gas electrification helm for years to come, forecasts Westwood
Business & Finance

Norway to spearhead oil & gas electrification helm for years to come, forecasts Westwood

Westwood forecasts that Norway will continue to lead the way with low emissions intensity and electrification projects.

about 4 years ago
Canadian regulator takes Hibernia oil spill case to court
Business & Finance

Hibernia oil spill case goes to court three years after it took place

Canadian regulator has brought charges against the company operating the Hibernia platform due to an oil spill, which occurred in July 2019.

about 4 years ago
Shearwater to deliver 4D baseline survey for Australia's Woodside
Business & Finance

Shearwater to perform 4D baseline survey for Australia’s Woodside

Shearwater GeoServices has secured a contract by Woodside to deliver a 4D baseline survey over gas fields in the Carnarvon Basin offshore Australia. The survey is planned to commence in the third quarter of the year and will cover the Scarborough and Jupiter gas fields. Geo Coral, quipped with multi

about 4 years ago
Getech bags $2.15 mln of energy transition-related contracts
Business & Finance

Getech bags $2.15 mln of energy transition-related contracts

Geoenergy and green hydrogen company Getech has secured $2.15 million of new contracts related to the energy transition.

about 4 years ago
Transocean rig in the clear for gig on Equinor’s North Sea field
Business & Finance

Transocean rig in the clear for gig on Equinor’s North Sea field

Equinor has received consent from Norway’s regulator to use Transocean’s rig for production drilling and completion on a North Sea field.

about 4 years ago
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