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XOCEAN completes surveys at 3 GW UK offshore wind sites
Business & Finance

XOCEAN completes surveys at 3 GW UK offshore wind sites

XOCEAN has completed surveys of the export cable routes at the Morgan and Mona offshore wind farms in the Irish Sea. The campaign collected more than 7,000 kilometers of high-quality data across the inter-array areas and export cable routes in water depths ranging from 0 to 35 meters. The activities

about 4 years ago
Indonesian vessel owner reveals growth strategy to take advantage of ‘upturn in drilling’
Business & Finance

Indonesian vessel owner reveals growth strategy to take advantage of ‘upturn in drilling’

Wintermar sets the stage to benefit from higher demand in the oil & gas industry while eyeing the offshore wind sector for future growth.

about 4 years ago
North Sea Link wins prestigious energy award
Business & Finance

North Sea Link wins prestigious energy award

The National Grid has received the 2022 International Edison Award from the Edison Electric Institute (EEI) for the North Sea Link (NSL) interconnector between Norway and the UK. Presented annually and selected by a panel of former energy industry executives, the Edison Award is said to be the elect

about 4 years ago
Illustration/Minesto's tidal energy kite (Courtesy of Ocean Energy Europe/Photo by Minesto)
Business & Finance

EU must step up its game to meet ocean energy targets, OEE warns

Time is running out for the European Union to meet its 100 MW ocean energy deployment target by 2025, Ocean Energy Europe (OEE) has warned.

about 4 years ago
Modus and Global Marine extend contract for trenching services
Business & Finance

Modus and Global Marine extend contract for trenching services

Modus has secured a contract extension with the Global Marine Group for the delivery of trenching services for cable installation. Modus is currently supplying Global Marine with a jet trencher on board the DP2 cable installation, maintenance and repair vessel CS Recorder to support the laying of po

about 4 years ago
Interim CEO picks up the reins at Petrobras while Bolsonaro’s candidate gets closer to taking over
Business & Finance

Interim CEO picks up the reins at Petrobras while Bolsonaro’s candidate gets closer to taking over

Petrobras has appointed an interim CEO, which is expected to spearhead the firm until a new CEO takes over the steering wheel.

about 4 years ago
While Jadestone addressed ‘immediate risk of any further spill,’ Australian regulator keeping an eye on developments
Business & Finance

Australian regulator: Jadestone addressed ‘immediate risk of any further spill’

After an oil spill led to a production halt at a Jadestone-operated field off Australia, NOPSEMA intends to keep an eye on the situation.

about 4 years ago
Five Noble rigs to join Shelf Drilling’s fleet for $375 million
Business & Finance

Five Noble rigs to join Shelf Drilling’s fleet for $375 million

Shelf Drilling has inked a deal with Noble to buy five jack-up rigs, which are being sold to address concerns about the Noble-Maersk merger.

about 4 years ago
Norway's Research Council backs subsea cable connections knowledge-building project
Business & Finance

Norway’s Research Council backs subsea cable connections project

The Research Council of Norway has awarded funding for a knowledge-building project that will develop new materials and designs for offshore subsea cable terminations and connectors. The SeaConnect – High voltage subsea connections for resilient renewable offshore grids project is expected to increa

about 4 years ago
Woodside wins Bumi FPSO termination case as court dismisses appeal
Business & Finance

Woodside wins Bumi FPSO termination case as court dismisses appeal

After hearing the appeal filed by Bumi Armada, the court has ruled in favour of Woodside in a dispute over an FPSO charter termination.

about 4 years ago
BW Energy to expand its footprint off Brazil as Petrobras greenlights sale of two clusters
Business & Finance

BW Energy to expand its footprint off Brazil as Petrobras greenlights sale of two clusters

Petrobras has approved the sale of two assets, located in the Espírito Santo Basin offshore Brazil, to BW Energy.

about 4 years ago
In pursuit of solution for ‘severe liquidity concerns,’ Lamprell ponders takeover bid from shareholder
Business & Finance

‘Severe liquidity concerns’ prompt Lamprell to ponder funding solutions including takeover bid from shareholder

Following Blofeld’s takeover bid, Lamprell intends to continue its discussions with this shareholder to get an updated offer.

about 4 years ago
The Arklow Bank offshore wind project in Ireland by SSE
Business & Finance

Ireland launches public consultation on electricity interconnection policy

Ireland’s Department of the Environment, Climate and Communications (DECC) has launched a technical consultation for the Electricity Interconnection Policy, published in 2018, in order to update it to reflect the developments that took place over the years. Published in July 2018, the National Polic

about 4 years ago
Shift in funding looms over oil & gas industry as COP27 approaches, says WoodMac
Business & Finance

Shift in funding looms over oil & gas industry as COP27 approaches, says WoodMac

As GFANZ works to crystallise its climate threshold for financing, WoodMac wonders if COP27 could be a turning point for oil & gas funding.

about 4 years ago
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