Wood, an energy industry consulting and engineering company, said Wednesday it had signed a multi-year enterprise framework agreement (EFA) to continue to provide services to Shell’s global projects.Bringing specialist consulting, engineering…
BP and its partner Equinor are renegotiating the terms of power supply agreements linked to their giant wind developments off the U.S. East Coast, BP CEO Bernard Looney said on Tuesday.'We are in the midst of renegotiating our PPA (power purchase…
Offshore accommodation rig provider Floatel International said Tuesday it had secured a contract for its Floatel Triumph semi-submersible unit in Australia.Floatel said that the contract was with 'a major Australian operator.' Under the six-month firm contract…
The UK government on Monday reaffirmed its support for projects to capture and store carbon dioxide emissions as part of its efforts to reach net zero goals and said two more projects would be able to begin negotiations to take them forward…
The U.S. Bureau of Ocean Energy Management (BOEM) on Monday announced three final Wind Energy Areas (WEAs) offshore Delaware, Maryland, and Virginia.These areas, BOEM said, were developed following extensive engagement and feedback from states…
Offshore wind developer Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, and the Irish renewable-focused integrated utility Energia Group, on Tuesday announced a partnership to codevelop offshore wind projects in Ireland with a potential to deliver total capacity up to 1…
BP's second-quarter profit slumped 70% from a year earlier to $2.6 billion, missing forecasts, as refining margins and oil trading income fell, but still allowing the energy giant to boost its dividend by 10%.Rivals Chevron, Exxon Mobil, Shell…
Goldman Sachs on Sunday revised up its global oil demand forecast for the year while sticking to its 12-month Brent price projection of $93 per barrel as higher realized inventories offset the demand boost from a less pessimistic growth outlook…
The last monopiles for France's Calvados offshore wind project were recently delivered by Germany-based EEW SPC.The delivery made at the end of June came almost exactly five months after the first loadout from EEW SPC's dock.All monopiles were loaded onto the 'Dongbang Giant No…
Norway-based offshore vessel owner Simon Møkster Shipping said Monday it had secured long term contracts for two of its platform supply vessels.The company said it had been awarded new multi-year contracts by a North Sea Operator in the UK for the PSVs Stril Odin and Strilmøy…
Jadestone Energy's Montara Venture FPSO offshore Australia, which had resumed output in March after a lengthy shutdown, has been shut down again.Jadestone said Monday that on July 29, 2023, a gas alarm was triggered within ballast water tank 4S…
Britain will grant more than 100 new oil and gas licences in the North Sea as part of efforts to tap domestic supplies and become more energy independent, the government said on Monday. Prime Minister Rishi Sunak said the move was compliant with the government's environmental targets…
Malaysia's Perdana Petroleum's subsidiary, Perdana Nautika, has secured a contract for the provision of an anchor handling, Tug, and Supply (“AHTS”) vessel to RMS Synergy.The contract started on June 13, 2023, and has a 60-day duration. The contract is valued at around RM4…
Great Lakes Dredge & Dock Corporation has signed the first ever subcontract for rock procurement for a U.S. offshore wind farm with Carver Sand & Gravel LLC (“Carver”), a U.S. quarry in the state of New York.Through this subcontract, Great Lakes…
Lawmakers in Maine on Wednesday passed legislation that would set a 3-gigawatt target for offshore wind deployment off the state's scenic coastline by 2040, a level that could satisfy half of its 1.3 million residents' power needs.The bill…
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