Ørsted has completed the acquisition of Eversource’s 50 % share of Sunrise Wind, a 924 MW offshore wind farm located off the coast of New York.The purchase price at closing to acquire Eversource’s share of Sunrise Wind is $152 million.At signing in January 2024…
The United States will fall far short of the Biden administration's 2030 offshore wind goal but will catch up quickly in the following years, according to an analysis by an industry group published on Tuesday.The American Clean Power Association…
Maritime Developments Ltd (MDL) has expanded its European footprint with the opening of a new office, in Paris.Heading the new office is El Hadji Gano, who joined the company as Key Account Manager - Europe. El Hadji brings with him over 16 years of experience in winch and lifting solutions…
Shell Trinidad and Tobago, a subsidiary of Shell, has taken Final Investment Decision (FID) on the Manatee project, an undeveloped gas field in the East Coast Marine Area (ECMA) in Trinidad and Tobago.Manatee will allow Shell to competitively…
Huisman has signed two contracts for the supply of cranes and installation tools for Cadeler’s A-Class newbuild offshore wind farm installation vessels.The first contract is for the design and construction of a Leg Encircling Crane (LEC) and…
Shell is seeking government permission to drill up to five ultra-deep offshore wells off the west coast of South Africa, a draft scoping report from independent environmental consultancy SLR showed on Tuesday.The oil major plans to drill exploration…
Dutch shipbuilder Damen has secured a contract to build the sixth commissioning service operation vessel (CSOV) for offshore personnel transfer provider Windcat.The contract marks the further strengthening of the working relationship between Damen…
Scottish subsea specialist Sulmara has completed a site characterization survey for the Formosa 4 offshore wind farm in Taiwan, being developed by Synera Renewable Energy (SRE).Sulmara’s team employed a multi-platform approach running the sensors…
Weak refining margins and lower oil trading results will dent BP's second-quarter profit by up to $700 million, the company said on Tuesday, sending its shares down by over 3%.The warning, which led several analysts to lower their earnings estimates…
Switzerland-based energy trader MET Group has struck a 10-year deal for Shell to supply it with liquefied natural gas (LNG) from the U.S. on a free-on-board (FOB) basis, it said on Tuesday.MET Group said the agreement will enable it to further diversify its LNG supply portfolio…
Oil and gas company SapuraOMV has started gas production from its Jerun field, offshore Sarawak in Malaysia.Jerun gas field, part of SK408 production sharing contract (PSC), was discovered in 2015 and the development project reached its final investment decision (FID) in March 2021…
Vard has launched the cable laying vessel (CLV) being built for Danish offshore services firm NCT Offshore, ahead of delivery planned later in 2024.The newbuild CLV, named Freja, has been launched at Vard Shipyards in Tulcea, Romania.The vessel features VARD 9 01 design…
Engineering consultancy Wood has secured a long-term contract to provide engineering, procurement, and construction management (EPCm) solutions for Shell’s Prelude floating liquified natural gas (FLNG) unit.Under the six-year contract signed with Shell…
Italian energy giant Eni has made a new oil and gas discovery in an exploration well in Block 9 in the Sureste Basin, offshore Mexico.The discovery was made on the Yopaat-1 EXP exploration well, approximately 63 kilometers off the coast in the mid-deep water of the Cuenca Salina…
Avangrid, the U.S. unit of Spain's Iberdrola, has agreed to sell its Kitty Hawk North offshore wind lease area to utility firm Dominion Energy for about $160 million, the companies said on Monday.Located in offshore North Carolina, Kitty Hawk…