Viking Supply Ships, a company that owns and operates a fleet of offshore supply and icebreaking vessels, has secured a contract for the Far Senator AHTS vessel for operations outside Australia.'With operations performed by Go Offshore, the…
Incat Crowther has been commissioned by Singaporean shipbuilder Lita Ocean to design three new ABS-Classed monohull fast support intervention vessels (FSIVs) for Zamil Offshore. The new 60-metre FSIVs will assist Zamil Offshore with the efficient and safe transport of cargo…
On March 29, 2021, President Biden announced his ambitious plan to deploy 30 gigawatts (GW) of offshore wind power – enough energy to power 10 million U.S. homes – by 2030. The plan would leverage authorities under the Department of Interior…
Despite the negative headlines around the longer-term prospects for the U.S. offshore wind segment, business intelligence company Intelatus Global Partners sees continued efforts by the federal government and, in particular, the East Coast states…
Israel is suspending production at the Tamar gas field off its southern coast and will seek alternative fuel sources to meet its needs, the energy ministry said on Monday, following three days of violence in the region.Chevron, which operates the field…
OPEC raised its world oil demand forecasts for the medium and long term in an annual outlook, and said $14 trillion of investment is needed to meet this demand even as renewable fuel use grows and more electric cars take to the road.The view…
Dutch offshore installation firm Van Oord said Monday that its flexible fallpipe vessel Nordnes had recently reached a major milestone.'The vessel has installed a staggering 20 million tonnes of rock, a record unparalleled in the subsea rock installation market…
The United Arab Emirates is refashioning the state-owned Abu Dhabi National Oil Company (ADNOC) in the image of an international oil major by stepping up its global expansion and finding new revenue streams to maximize earnings for the Gulf state…
Danish offshore wind turbine maker Vestas has recently secured a 960 MW firm order for its flagship offshore wind turbine, V236-15.0 MW.The order includes 64 V236-15.0 MW wind turbines for the He Dreiht project located in the German waters of the North Sea…
Vietnam expects further years-long delays before offshore blocks being developed by U.S. major Exxon Mobil and Russia's Gazprom will be producing gas, according to a draft government document seen by Reuters.The new timeline casts fresh doubts…
Macquarie is considering selling its 25% stake in Race Bank, a 573-megawatt offshore wind farm located off Britain's Norfolk coast, according to two sources with knowledge of the matter.The infrastructure group is working with advisors on the sale…
Global crude oil prices could drop to about $60 per barrel by 2027 as demand growth slows, say oil analysts at Rystad Energy, chopping a third off next year's peak price as demand tumbles.Their outlook is a reassuring message amid recent Wall…
Norwegian offshore vessel owner DOF has chartered the Stril Explorer vessel from Simon Møkster Shipping. The charter is a bareboat with a firm duration of 3 years plus 4 annual options. Financial details were not disclosed.'The vessel will be utilized on the recently awarded PIDF project…
U.S. Deputy Interior Secretary Tommy Beaudreau is stepping down from his role at the end of October, the Interior Department said in a statement on Wednesday, without giving a reason for his departure or saying how the vacancy would be filled…
Petrolia Noco has signed an agreement with Vår Energi ASA to acquire Vår Energi’s 12.2575% participating interest in the Brage field offshore Norway with an effective date of January 1, 2023.Net production (12.2575% WI) from the Brage field in the first half of 2023 was 1…
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