A string of new projects will help boost revenues at SBM Offshore, the oil and gas services company said on Wednesday, after reporting an expected 15% drop in the first quarter due to weakness at its turnkey business.The Dutch-based company's…
The Biden administration on Tuesday said it has approved the nation's first major offshore wind farm, billing it as the launch of a new domestic energy industry that will help eliminate emissions from the power sector.The move, however, was…
Oslo-listed offshore heavy transport and wind installation company OHT has received and accepted a firm offer for a USD 135 million Senior Secured Green ECA Credit Facility.The loan was accepted by OHT's ship owing company OHT Alfa Lift AS,…
Public Power Corp. (PPC), Greece's biggest electricity utility, is seeking to form partnerships in offshore wind, a top executive said on Tuesday, as the country works to reduce its carbon emissions.The utility wants to shut down all but one…
The Government of Canada has approved funding for Waterford Energy Services Inc. (WESI) and Saitec Offshore's project designed to power offshore drilling rigs using a plug-and-play renewable energy solution.The funding program aimed to support…
Malaysian oil and gas giant Petronas has dismissed reports of the company's involvement in talks with Hong Kong-based offshore wind company Ocean Wind International Industrial Limited as false.'Petronas refers to news reports that have emerged…
Seacat Services, an offshore support vessel firm, has signed a long-term charter for the catamaran Seacat Magic with Greater Gabbard Offshore Wind Farm Ltd.Greater Gabbard Offshore Wind Farm Ltd. is a joint venture between SSE Renewables (50%) and RWE Renewables (50%) running the namesake wind farm…
Norwegian offshore vessel operator Island Offshore, mostly known for its offshore vessel services in the Norwegian oil and gas industry, has recently won a walk-to-work contract with Vattenfall in the offshore wind sector in Germany.Island Offshore…
Ulstein-built Nexans Aurora cable layer has this week started sea trials, the Norwegian shipbuilder has informed.The 149.9 m long and 31 m wide vessel, to be delivered to offshore cable maker Nexans, will be working in the offshore wind sector market…
Poland's biggest power group PGE and Denmark's Orsted have finalized a deal to jointly develop two offshore wind projects in the Baltic Sea, PGE said on Thursday.Under the terms of the deal, Orsted bought 50% in each of two PGE units developing two offshore projects totalling 2…
Viking Life-Saving Equipment has launched a new Walk-to-Work crew transfer suit that the company says overcomes a cumbersome feature of offshore wind turbine maintenance procedures without compromising safety.'The new Viking YouSafe Walk to…
Northern Offshore Services has taken NYK's crew transfer vessel Energizer on a ten-year charter. The vessel will be used to transfer crews to offshore wind farms, mainly in Europe.Japan's NYK, which shared the charter news on Thursday, also…
Irish companies Mincon Group plc and Subsea Micropiles along with research centers at the University of Limerick and University College of Dublin are working on a low-cost, environmentally 'sympathetic' micropiling technology aimed at the offshore wind industry…
Renewable energy will account for a far larger share of global supply in 2050 than major oil companies or the International Energy Agency (IEA) expect, Oslo-based consultancy Rystad Energy said on Thursday.Its updated models show renewables meeting 74% of total energy demand by 2050…
Offshore wind installation contractor Fred. Olsen Windcarrier said Thursday it would send another jack-up to the Asia Pacific region to fulfill its contractual obligation in the area, as the wind turbine maker Siemens Gamesa Renewable has extended…