Wind speeds were milder than usual in Europe this year, so windmills across the bloc generated less electricity which worsened a crunch that sent power prices to record highs as utilities had to buy more coal and scarce, costly, natural gas…
Norwegian oil and gas company Aker BP has agreed to acquire Lundin Energy's oil and gas business, through a statutory merger, creating the second-largest oil and gas producer on the Norwegian Continental shelf.The transaction values the acquired assets to approximately NOK 125 billion (13…
No year is the same without the annual corporate festive YouTube videos. And while the pandemic is yet again trying to do its best to ruin our holidays, offshore companies have still provided us with a crop of Christmas cheer.Oceaneering, again…
Russia's largest oil producer Rosneft said on Tuesday that its board has approved new strategy through to 2030 with the aim of achieving net-zero emissions by 2050, earlier than President Vladimir Putin's deadline.Climate scientists have said…
GMS, a provider of jack-up service vessels for the offshore energy industry, has secured two new contracts for its E Class vessels.One E Class (Large Class) award includes a 6-month contract including options, for an unnamed renewables client in northwest Europe…
Energy expert and assurance provider DNV has provided Swedish floating wind tech firm Hexicon with a Statement of Feasibility for its TwinWay demonstrator which will be installed and operated at Metacenter, off the coast of Norway. With achieving this first step in the certification process…
Norwegian offshore vessel owner Siem Offshore has secured a contract with the compatriot oil and gas company Equinor for the Siem Opal anchor handling tug supply vessel.The contract is for a firm six-month period, starting during March/April 2022…
Danish offshore drilling company Maersk Drilling has for the past two years lead the development of what it says is 'a first-of-a-kind product' to support the digitalization of offshore drilling processes. The solution, named RigFlow, has now…
While many challenges remain to deliver the full promise of U.S. offshore wind, so too do opportunities. Robert Galinski, DNV’s Offshore Wind Director, Americas discusses the pace and direction of the U.S. offshore wind market from the perspective of class…
Norwegian oil company Equinor has obtained regulatory consent for the use of Odfjell Drilling's Deepsea Atlantic semi-submersible drilling rig at the Johan Sverdrup oil field.The consent was granted by the Petroleum Safety Authority Norway and…
Spanish renewable energy giant Iberdrola has via its subsidiary Avangrid been awarded a contract for the electricity supply from Commonwealth Wind offshore wind farm, as part of Massachusetts’ third offshore wind competitive procurement.'The 1…
Offshore wind developer Ørsted said Monday that first power on Hornsea 2 offshore wind farm in the UK was achieved after its offshore substation (OSS), the world’s largest offshore AC substation, and reactive compensation station (RCS), were installed in late October 2021…
Nord Stream 2 AG said on Friday it had started filling its second pipe with natural gas, stepping up preparations to launch a project that has sparked global political tensions and is yet to get the green light from Germany.'Like the first string (pipe)…
Offshore wind turbine constructor Siemens Gamesa has secured a firm order for the supply of wind turbines for Ørsted’s Gode Wind 3 offshore wind farm in Germany.The 242 MW offshore wind farm will feature the first installation in German waters of the company’s SG 11…
Malaysian FPSO contractor Yinson has signed a Letter of Intent with the Brazilian oil company Enauta Energia for the provision, operation, and maintenance of an FPSO at Enauta's Atlanta field in the Santos Basin, offshore Brazil.Enauta has been…