The floating wind industry, still in its infancy, is set for a 2000-fold increase in installed capacity by 2050, DNV GL said, however, warning that more comprehensive industry standards and risk management is required for the technology to scale…
Tidal energy developer Minesto said Tuesday it has delivered the first tidal energy produced electricity to the Faroese grid.'As a part of the ongoing commissioning work of its DG100 tidal kite system Vestmannasund, Faroe Islands, [...] Minesto…
Malaysian offshore drilling company Sapura Drilling has informed that its Sapura Berani semi-submersible self-erecting tender-assist drilling rig is on its way to Congo to start a drilling contract.In a social media post on Tuesday, Sapura Drilling…
Norway's oil output curbs, in place since June, are set to end on Dec. 31, the Ministry of Petroleum and Energy said on Tuesday.'The Norwegian regulation will expire at the end of the year,' the ministry said in a statement.Following a sharp…
Seadrill Partners LLC said on Tuesday it had filed for Chapter 11 bankruptcy protection as a means to restructure its debt, in another sign of financial difficulties for the wider Seadrill Ltd oil drilling rig group.'The company intends to use the bankruptcy process to ensure that all customer…
Ireland-based oil and gas company Providence Resources has signed a farm-out deal with SpotOn Energy for the offshore block in Ireland containing the Barryroe oil and gas discovery.Providence Resources, together with its partner Lansdowne Oil…
The UK North Sea energy jobs count will drop by at least 20 percent in the coming years without urgent investment in the clean technologies needed to create a net-zero offshore energy system, a report by OGTC and Offshore Renewable Energy Catapult shows…
Oil and gas firm Rockhopper Exploration, with an interest in the Sea Lion project off the Falkland Islands, and Premier Oil as the operator, have reached an agreement with Israeli firm Navitas Petroleum to extend the exclusivity period for the latter's farm-in into the project…
Nippon Paint Marine has informed that the 'self-indicating technology' incorporated into the company's special tank coating NOA60HS has been certified by the Norwegian Technology Standards Institution as meeting the requirements of the NORSOK M-501 standard…
The Danish Supreme Court on Monday ruled that offshore wind developer Ørsted can keep using its name, following a lawsuit brought after the company changed its name from DONG Energy to Ørsted back in 2017.The name change took place after DONG…
Poland's biggest oil refiner PKN Orlen expects to invest around 140 billion zlotys ($37.45 billion) over the next ten years as it shifts focus to building clean energy sources rather than oil refining, it said on Monday.The company said in September…
Norwegian subsea services provider Reach Subsea has chartered two subsea vessels from Olympic Subsea, citing an expected increase in work activity in 2021.Reach Subsea said Monday it has had a busy 2020, despite market turbulence, and against a backdrop of the expected increase in activity…
Norwegian oil giant Equinor has been cleared to drill an exploration well at the Isflak prospect in the Barents Sea.The well 7220/7-4 sits in the production license 532, in a water depth of 351 meters. The approval was granted by the safety regulator PSA Norway…
ExxonMobil has called off the potential multibillion-dollar sale of its oil and gas assets in Australia’s Bass Strait, according to the Australian Financial Review.The decision by the U.S. oil major comes just six weeks after the deadline for…
Renewable energy company RWE will deploy special collars around the monopile foundations at the seabed level at its Kaskasi offshore wind farm, in what has been described as 'the first time ever in the renewables industry.'The ‘collared monopile’ is designed based on an RWE patent…
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