UK-based gas producer Energean on Friday it was terminating a deal with private equity fund Carlyle for the sale of some of its assets due to delays in obtaining regulatory approvals in Italy and Egypt.The two companies struck a $945 million…
Norway's Equinor on Thursday weakened its energy transition plan as it struggles to deliver on pledges to invest more in renewable energy and low-carbon technologies, citing practical difficulties and a shift in political priorities.The oil…
Amplus Energy Services has entered into a strategic partnership with V.Ships Offshore to oversee the transition of the Petrojarl I, a newly acquired floating production storage and offloading (FPSO) vessel.In February, Amplus finalised the acquisition…
RWE, Germany's largest utility, on Thursday said it would cut investments by more than a fifth until the end of the decade, citing global uncertainty around renewable energy returns that has forced major sector players to pare back spending plans…
Norway's combined oil and gas production exceeded an official forecast by 1.8% in February, the Norwegian Offshore Directorate (NOD) said on Thursday.Norway is Europe's largest supplier of natural gas and a major producer of oil, but output…
Asset manager Apollo has agreed to acquire a majority stake in offshore energy solutions business OEG Energy Group as part of the transaction worth over $1 billion.Apollo, through its funds managed by its affiliates, will take the majority share…
Offshore accommodation rig provider Floatel International has finalized the sale of semi-submersible accommodation rig Floatel Reliance, which has been in lay-up since April 2016.The firm contract follows the previously announced agreement in…
Norwegian offshore vessel owner Solstad Offshore has secured a contact with Subsea7 for its subsea construction support vessel (CSV) Normand Subsea.The duration of the contract is two-year firm and three yearly options, with the start on January 1…
Portuguese engineering company Etermar Energia has signed a contract Ørsted and PGE to deliver over 100 external platforms for the Baltica 2 offshore wind farm, marking its first major contract in the offshore wind industry.The contract covers…
Norway-based Axess Group has secured a frame agreement for inspection services with TechnipFMC related to the fabrication of pipelines in Norway.The scope of work encompasses inspection services related to the fabrication of pipelines at the Orkanger Spoolbase in Norway…
Offshore engineering specialist Enersea and EPCI management expert IX Renewables have signed a memorandum of understanding (MoU) to enhance collaboration in the offshore wind sector.IX Renewables specializes in EPCI management, offering technical…
U.K.-based oil firm Serica Energy has informed that Triton floating production storage and offloading (FPSO) unit is not expected to come back online before May 2025, as the company works on finding a long-term solution to stabilize production with the operator Dana Petroleum…
U.K.-based Enshore Subsea has secured the export cable installation contract for Inch Cape offshore wind farm, one of Scotland’s largest offshore wind farm projects.Inch Cape will have two 85 kilometer, 220kV, three-phase export cables which…
CorPower Ocean has secured financial backing from Vinnova, Sweden’s national innovation agency, for a project exploring the adoption of artificial intelligence (AI) for improved performance and control in wave energy technology.The WACE project…
Twelve businesses in the North East of Scotland targeting success in the offshore renewable energy market have been selected for the the U.K.’s Fit For Offshore Renewables (F4OR) supply chain support program.The program is open to companies looking to break into the offshore renewable energy sector…
