European governments’ efforts to balance the security of the energy supply and climate change materialised in the form of a plan, which is expected to reduce its dependence on Russian fossil fuels and fast forward the green transition.
The Biden administration is planning to propose a new, five-year offshore oil and gas leasing program by the end of June this year.
Subsea technology solutions provider Koil Energy Solutions, formerly Deep Down, has received an order from a “major energy producer” to provide hydrogen energy-related services. The project will initially focus on storage, management and enhancement of customer-furnished materials using Koil’s alloy
PGNiG has inked a deal with Wellesley Petroleum to expand its footprint offshore Norway by acquiring a stake in an Aker BP-operated field.
Tekmar Energy has won a contract to deliver cable protection systems (CPS) for the Shenquan Phase 2 offshore wind project in China. Tekmar is supplying both inter-array and export cable protection systems for the project, in support of Hengtong Subsea Power Cables. The systems will be manufactured i
Offshore drilling contractor Shelf Drilling has secured a long-term deal for one of its jack-up rigs for operations offshore India.
In a bid to strengthen offshore exploration, Ecopetrol has joined forces with Occidental to search for hydrocarbons in four Colombian blocks.
DEME Group’s DP2 jack-up vessel Neptune is about to begin a geotechnical site investigation survey at the Arklow Bank Phase 2 offshore wind project in the Irish Sea. The aim of the survey is to provide site investigation information to facilitate the development of the Arklow Bank Wind Park off Wick
US-based marine energy company Ocean Renewable Power Company (ORPC) has selected Millinocket Fabrication & Machine to manufacture the turbine shafts for its portfolio of tidal power systems.
The U.S. Department of Energy (DOE) has announced $24.9 million in funding for six research and development projects to support the advancement of clean hydrogen for electricity generation. DOE will partner with private companies to research advanced technology solutions that could make hydrogen a m
DekaBank, the securities services provider of the German Savings Banks Finance Group (Sparkassen-Finanzgruppe), has become the latest financial institution to join the Poseidon Principles framework for responsible ship finance.
Enauta has been granted an extension of the concession agreement for a field off Brazil, enabling it to ramp up output and increase reserves.
Chinese subsea cable manufacturer ZTT Submarine Cable & System has revealed its commitment to the Science Based Targets initiative (SBTi), setting emissions reduction targets. ZTT announced it had committed to the SBTi Net-Zero Standard and will set a robust emissions reduction target at the pace an
Copenhagen Infrastructure Partners (CIP) has unveiled plans to build an artificial island dedicated to large-scale production of green hydrogen from offshore wind in Denmark and has entered an agreement with Allianz Investment Management (AIM) to perform a feasibility study for a similar project in
