Offshore wind developments play a vital role in Europe's energy transition plans, but the industry may face a significant supply challenge in the coming years, with a forecasted wind tower supply crunch.According to Rystad Energy, in 2028, the…
Malaysian FPSO leasing firm Yinson Production has, through its PTSC AP joint venture company with Vietnam's PTSC, received a 12-month extension for the bareboat charter contract for FPSO PTSC Lam Son, with a further automatic extension of 6 months…
Oil and gas company Barryroe Offshore Energy said Friday it had started the process of an orderly wind-down of the business through a Creditors Voluntary Liquidation.As part of this process, Barryroe Offshore Energy (ex-Providence Resources)…
Extracting minerals from the ocean floor could negatively impact biodiversity on a scale of up to 25 times greater than land-based mining, and fixing the damage would cost twice as much as extraction, a new report said on Thursday.A search for…
Seaway 7, an offshore wind installation subsidiary of Subsea 7, has secured a 'very large' contract with ScottishPower Renewables for the transport and installation of the foundations and inner-array cables for the East Anglia THREE offshore farm in the UK…
Austrian oil and gas firm OMV saw its Plan for Development and Operation (PDO) for the Berling gas and condensate discovery off Norway approved by the Norwegian Ministry of Petroleum and Energy this week.OMV submitted the plan to the Norwegian…
Developers of renewable energy projects have limited exposure to the wind turbines that are at the heart of far-reaching quality issues at Siemens Energy's Siemens Gamesa division, brokerage Citi said. Siemens Energy last week warned of quality problems at up to 30% of its onshore fleet…
Sarawak Energy aims to install at least 400 megawatts (MW) of floating solar power capacity at its dams by 2030 as the Malaysian utility expands to meet rising demand for renewables from neighboring countries, its group chief executive said…
Danish offshore energy industry service provider Semco Maritime has won a 5-year contract to provide field support personnel for core crew and campaign positions from TotalEnergies Denmark on behalf of the Danish Underground Consortium.The Danish…
China Three Gorges Corporation said Wednesday it had installed the world's first 16MW offshore wind turbine, off the coast of Fujian, China.The news was also confirmed by the wind turbine maker Goldwind, which said: “On June 28, Goldwind successfully…
Itochu Corp, Tokyo Gas Co Ltd, and other companies are considering bidding in the second round of the Japanese government's auction of offshore wind power projects, the Nikkei business daily reported on Thursday. In December, Japan resumed public…
Environmental groups said on Thursday they had demanded an immediate halt to the ongoing development of three Norwegian offshore oilfields, seeking a court injunction against the country's government.Greenpeace and Nature and Youth said they…
Norwegian oil and gas company Aker BP said Wednesday that the Norwegian Ministry of Petroleum and Energy (MPE) had approved a total of Aker BP's nine plans for development and operation (PDOs) and one plan for installation and operation (PIO)The…
Saipem has been awarded two new contracts, one for EPCI offshore activities in the Middle East and the other for the development of underwater drones in Brazil. The total value of the new contracts is approximately $1 billion.Under the existing Long-Term Agreement (LTA) with Saudi Aramco…
The Danish government has postponed the launch of a tender to establish a North Sea energy island project due to high costs, the country's ministry of energy said on Wednesday.The project included the construction of an artificial island in…
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