UK energy regulator Ofgem on Tuesday approved five new undersea energy links which it said would further harness the vast potential of North Sea wind and help to power millions of homes.The approved projects include the Tarchon Energy Interconnector with a capacity of 1…
Mooreast Holdings has secured a new order valued at $6.7 million for a multi-buoy mooring upgrade project off the eastern shore of the Gulf of Thailand.The SGX-listed total mooring solutions specialist, and Asia’s only ultra-high power anchor manufacturer…
Norwegian offshore vessel operator DOF Group has won a contract for IMR vessel and associated subsea services in the Asia Pacific region.The contract will utilize one of DOF’s project vessels in the region and includes project management, engineering…
U.K.-based tidal energy technology developer Spiralis Energy has secured a $1 million investment from Kistos Holdings to build and test the Axial Skelter tidal energy unit.The investment received from Kistos will fund Spiralis Energy’s upcoming…
Norwegian seismic company TGS has secured its first 3D streamer contract for the 2025 Northwest Europe summer season.Acquisition is scheduled to begin in May with a total duration of approximately 35 days, according to the company.TGS said it…
Australian offshore support vessel owner MMA Offshore has secured an offshore wind site survey contract from Ørsted in Australia.The scope of the contract entails one of the first reconnaissance site surveys taking place in the Gippsland Offshore Wind Zone since the award of feasibility licenses…
Oil prices fell more than 2% on Friday as traders grew less fearful of prolonged supply disruptions from a hurricane in the U.S. Gulf of Mexico, while China's latest economic-stimulus packages failed to impress some oil traders.U.S. West Texas Intermediate futures CLc1 led the decline…
President-elect Donald Trump is considering North Dakota Governor Doug Burgum to be his new 'energy tsar', the Financial Times reported on Friday.Burgum is Trump's preferred candidate for the role, the newspaper reported citing people familiar with the discussions…
U.S. energy firms this week kept the number of oil and natural gas rigs operating unchanged for a record third week in a row, according to energy services firm Baker Hughes' data going back to 1987.The oil and gas rig count, an early indicator of future output…
R.W. Fernstrum & Company, founded by Robert W. Fernstrum 75 years ago, is a quintessential U.S. manufacturing story. The company was born in the aftermath of WWII, founded on an invention developed during the war by Robert Fernstrum to help solve an engine overheating problem that was plaguing U…
Orsted said that the demand for green power will continue to grow in the United States, regardless of the person who is elected as president. However, the group also pointed out construction issues and increased costs at an offshore wind farm in the United States…
Norclamp, the supplier of clamps for subsea pipeline integrity, has launched Infinity Clamp, a solution that addresses critical sealing issues for extended pipeline lengths.Said to be an industry first, the modular clamp offers unlimited extensions through an interlocking design…
Offshore seismic services specialist Shearwater Geoservices has secured a large 3D seismic survey from Petronas in Suriname.The project, covering 6,000 square kilometers, marks the continuation of Shearwater’s commitment to Petronas in this…
SKF, Proteus Marine Renewables, and GE Vernova’s Power Conversion business have signed a memorandum of understanding (MoU), setting out the framework for a potential alliance to supply tidal turbine generation systems to developers of tidal arrays for commercial tidal stream projects…
Viridien and its partners TGS and Aquila Holdings, under its subsidiary Axxis Multi Client, have completed the reprocessing of the Utsira ocean bottom node (OBN) seismic survey in the Norwegian North Sea.Utsira is the largest OBN survey conducted…
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