The Inch Cape Offshore Wind Farm offshore jacket foundation and substation platform have been installed at the North Sea site of the 1.1 GW Scottish project.The Siemens Energy Offshore Transformer Module (OTM) and its 68-meter jacket foundation…
JERA and BP have completed the formation of JERA Nex bp, their new 50-50 owned joint venture, with the new company’s portfolio of operating assets and development projects has a net potential generating capacity of 13 GW.The portfolio includes around 1 GW of installed net generating capacity…
BP has made an oil and gas discovery at the Bumerangue prospect in the deepwater offshore Brazil, its largest discovery in 25 years.BP drilled exploration well 1-BP-13-SPS at the Bumerangue block, located in the Santos Basin, 404 kilometers (218 nautical miles) from Rio de Janeiro…
French subsea power cable maker and services provider Nexans has formed partnership with Crowley Wind Services to develop and operate a Jones Act compliant cable lay barge. The cable lay barge will be dedicated to supporting the installation…
British gas producer Energean has taken the final decision to invest in the Irena gas field in the North Adriatic Sea off Croatia, it said on Wednesday.The gas field is located in the Izabela concession, an offshore gas development area in the North Adriatic Sea…
Ocean Winds, a 50-50 joint venture in 2020 by EDP Renewables and ENGIE, has entered into a key agreement with Siemens Gamesa for the supply of 14 MW wind turbines and service maintenance for the BC-Wind offshore wind project in the Polish Baltic Sea…
The 50-50 consortium between Allseas and Boskalis has been awarded a large contract by CPC Corporation Taiwan for the second offshore gas pipeline from Yongan to Tongxiao (YT2) in Taiwan.Under the contract, the consortium will design, construct…
Thailand’s state-backed energy firm PTT Exploration and Production (PTTEP) has acquired 50% of Block A-18 in the Malaysia–Thailand Joint Development Area (MTJDA) through a $450 million deal with Chevron's subsidiaries.The transaction, completed on July 25…
UK-based oil firm Serica Energy has completed the acquisition of Parkmead’s subsidiary, Parkmead E&P, securing rights for Skerryvore and Fynn Beauly prospects in the North Sea.The acquisition, announced in 2024, is worth up to $180 million for Parkmead…
Dutch offshore contractor Marine Masters has completed its offshore scope for the decommissioning of the South Angsi Alpha (SAA) platform, operated by Hibiscus Oil & Gas Malaysia, marking a major milestone in the repurposing of retired offshore infrastructure…
Taihan’s cable laying vessel (CLV), PALOS, has successfully completed the installation of export cables for the 364.8 MW Yeonggwang Nakwol offshore wind farm in South Korea.The project, being developed Nakwol Blue Heart, is located near Songido…
U.K.-based oil firm EnQuest has been awarded a Production Sharing Contract (PSC) for Block C, offshore Brunei, by the Petroleum Authority of Brunei Darussalam (PABD).EnQuest EP BV, a subsidiary of EnQuest, will initially be the sole operator of the PSA with the intention to subsequently…
Fugro has secured a seven-year framework agreement with EirGrid, Ireland’s state-owned electricity transmission operator, to deliver a full suite of geo-data surveys for the 'Powering Up Offshore - South Coast' project.The initiative will develop…
Ørsted has reached financial close on a project finance package for the 632 MW Greater Changhua 2 offshore wind farm in Taiwan, having signed agreements with 25 banks and five Export Credit Agencies (ECAs).With the signed agreements, Ørsted has raised approximately $3…
Mammoet has signed a contract with Heerema Marine Contractors to support topside floatover operations for TenneT 2 GW offshore grid project in the North Sea.Mammoet will help prepare two giant units for floatover operations by skidding the topsides from HTV to the newly-built Heerema H731 barge…