Britain’s Crown Estate, which manages King Charles' public property, posted a record profit for 2023/24 of 1.1 billion pounds ($1.42 billion), boosted by income from offshore wind leases, its results showed on Wednesday.The Crown Estate, which comprises tracts of land and most of Britain’s sea bed…
Turkish shipbuilder Tersan Shipyard has launched a pair of construction service operations vessels (CSOV) for Dutch company Acta Marine.Acta Pegasus and the Acta Hercules are Ulstein SX216 design CSOVs featuring an optimized hull form and capability to burn methanol as main fuel…
Empire Energy Partners' Offshore Division, an offshore wind EPC firm, has partnered with Largo Concrete, a structural concrete contractor, to support the growth of offshore wind sector.The partnership will leverage Empire Energy Offshore's project…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has encountered a high yielding well in Beibu Gulf, which produces daily over 1,000 cubic meters of oil equivalent.Wushi 16-5 structure is located in Wushi Sag…
Subsea specialist Sulmara has secured funding from the Net Zero Technology Centre (NZTC) to develop an over-the-horizon (OTH) uncrewed surface vessel (USV) with the ability to launch and recover towed sensor packages.The project will deliver…
Vaar Energi, majority-owned by Italy's Eni, posted a second-quarter operating profit below expectations on Tuesday, but maintained its dividend payment level and said it was on track to increase oil output.Earnings before interest and tax (EBIT)…
Oil and gas company Energean has taken final investment decision (FID) for the Katlan development project in Israel, outlining the plan for the first gas in the first half of 2027.The Katlan area will be developed in a phased approach through a subsea tieback to the existing Energean Power FPSO…
Valaris’ jack-up rig Valaris 123 has been mobilized and is en route to drill the Selene exploration well in the Southern North Sea in Shell-operated license.The Valaris 123 drilling unit was mobilized on July 21 from its current location in the Central North Sea…
Australia has awarded new offshore acreage for petroleum exploration and carbon capture and storage (CCS) opportunities.The Minister for Resources and Northern Australia Madeleine King will finalize permits for Esso and Beach Energy in the Otway and Sorrell Basins…
EIG-owned Ocyan has signed a contract worth around 750 million reais ($134.61 million) to provide maintenance and maritime services to Brazil's state-run oil firm Petrobras, Ocyan's chief executive Jorge Luiz Mitidieri told Reuters.The deal will last at least four years…
The top two lawmakers on the Senate energy committee on Monday introduced long-awaited legislation to speed permitting of power transmission, mining and liquefied natural gas export projects.Senators Joe Manchin, an independent who caucuses with Democrats…
Offshore drilling contractor Noble Corporation announced its first drilling campaign offshore Poland.The jackup Noble Resolve will drill one well for CEP Central European Petroleum BV in the Wolin Concession starting October 2024, in direct continuation after SPS…
Classification society ABS announced it has awarded approval in principle (AIP) to Houston-based CLS Wind for its innovative wind turbine assembly system.The patented elevator style assembly system promises easier, safer and faster wind turbine and nacelle installation and maintenance…
Wind Catching Systems announced its 40MW Windcatcher design has received approval in principle (AIP) from DNV.The objective of an AIP is to perform a third-party technical evaluation of a design to assess whether there are any conceptual showstoppers or rule compliance aspects that need improvement…
Equinor Energy do Brasil, a subsidiary of Equinor, has awarded a multi-year contract to Valaris for its VALARIS DS-17 drillship, which will be deployed offshore Brazil on Raia project.The estimated total contract value is approximately $498 million…