Former Elliot Management activist fund manager Franck Tuil on Thursday told Wood Group to buy back some of its stock to avoid becoming a takeover target, sending shares in the oil services provider up by the most in six weeks.It is the first public campaign for his $600 million multi-strategy fund…
The Dutch government on Friday said it would appoint gas grid operator Gasunie to oversee plans to develop a hydrogen network in the North Sea, Energy Minister Rob Jetten said in a letter to parliament. The Dutch government is due on Dec. 8…
Heerema Marine Contractors has recently installed the first of 27 Vestas V174 – 9.5MW turbines at the Arcadis Ost 1 offshore wind farm in the Baltic Sea, offshore Germany, using a floating installation method, for which the parties involved say is unique…
The Norwegian oil and gas company Aker BP said Friday it would vote in favor of submitting Plans for Development and Operation (PDO) for the NOAKA field development project, the Valhall PWP-Fenris project, the Skarv Satellite Project, and the Utsira High projects…
Technip Energies is leading a 13-partner consortium that is working to roll out the next generation of floating wind technology 'for a competitive, more scalable and industrial deployment.'The initiative, called NextFloat, launched in Paris earlier this month…
HSM Offshore Energy will build an offshore wind-powered offshore gas production platform for client One-Dyas.The platform will be a part of One-Dyas' N05-A project in the Dutch North Sea.The N05-A platform will run entirely on renewable energy from the nearby Riffgat offshore wind farm…
Engineering firm Pryme Group said Wednesday it had launched two specialist tooling systems - Pile Fixation Tool (PFT) and PileProp - for offshore wind installations, via Caley Ocean Systems. The company said the tools were designed to support…
Equinor has awarded Aibel a contract to modify and prepare the Aasta Hansteen platform offshore Norway for integration with the Irpa gas field (formerly Asterix).Equinor on Tuesday filed a plan for development and operation (PDO) for the Irpa…
Engineering firm Wood said it has been appointed integrated services partner by Centrica Storage for the company’s U.K. Southern North Sea operations.The five-year contract includes the provision of engineering, procurement and construction solutions…
American Offshore Energy (AOE) has this week announced novel patents in the floating wind turbine industry including a vertical axis wind turbine which, the company says, can be deployed quickly, and even submerged in the wake of a hurricane…
Aker Solutions has secured a contract extension with Equinor in Norway to continue providing maintenance and modification services (M&M) on the Johan Sverdrup field in the North Sea.'The extension of the call off is done in accordance with an existing frame agreement that lasts until February 2026…
Offshore wind developer Vattenfall said Thursday it had hit the halfway mark with the installation of wind turbines at the Hollandse Kust Zuid (HKZ) wind farm offshore the Netherlands.“We're halfway towards having constructed the world’s first offshore wind farm built without subsidies…
Kent, an energy services company, said on Wednesday that INEOS UK SNS Ltd. had awarded it a three-year framework contract for structural integrity analysis modeling services.Kent will support the safe and sustainable structural integrity management…
The Norwegian energy industry giant Equinor has awarded international engineering firm COWI a contract to serve as “Owner’s Engineer” for the Firefly floating wind project offshore Ulsan, South Korea. The Firefly project is located 70 km off…
Dutch engineering firm Huisman has won a contract by TOA Corporation and Obayashi in Japan for the delivery of an offshore wind monopile gripper. 'The gripper allows TOA and Obayashi to upend and install monopiles without using a separate upending bucket…