Following the news on Wednesday that Crest Wind, a joint venture between Crowley and ESVAGT, is set to build a service operation vessel for operations in the U.S. offshore wind sector, the partners have now selected a shipbuilder for the SOV construction.Fincantieri Marine Group said Wednesday it had reached an agreement on a contract with CREST Wind to design and build a 288-ft. HAV 832 Service Operation Vessel (SOV)…
Rovco will now operate through two separate business units. Marc Coull, who joined the company last year as Operations Manager, has been promoted to Director of Inspection, Repair and Maintenance (IRM). His career spans 26 years in on and offshore roles supporting offshoreoperations…
Capricorn Energy shareholders on Wednesday voted in favor of six new directors proposed by activist shareholder Palliser, and the British oil and gas company said the new board would conduct a strategic review of its businesses.The shareholder vote comes days after five directors…
WindServe Marine, a U.S. offshore wind support services company, has secured a loan from The Washington Trust Company, for the construction of three new 88-foot crew transfer vessels (CTV), recently commissioned by Ørsted, the largest offshore wind developer in the world…
The fuel switch in maritime is on, its real, and it will be driving vessel design, construction and operation decisions for decades to come. While many still debate the merits of each alternative fuel, OSV industry leaders are at the forefront driving change…
Danish offshore wind farm developer Ørsted has agreed to buy Public Service Enterprise Group’s (PSEG) 25 percent stake in Ocean Wind 1, a 1,1 GW offshore wind project located 15 miles off the coast of southern New Jersey. The acquisition gives Ørsted complete ownership of Ocean Wind 1…
Oil rose on Friday and was on track for a second straight annual gain in a volatile year marked by tight supplies because of the Ukraine war and weakening demand from the world's top crude importer, China. Crude surged in March with global benchmark Brent reaching $139…
Subsea Integration Alliance has secured a contract to support the development of BP's Cypre gas field offshore Trinidad and Tobago, which will be tied back to BP's Juniper platform.Subsea Integration Alliance is a non-incorporated strategic global alliance between Subsea 7 and OneSubsea…
Massachusetts utility regulators denied offshore wind power company Commonwealth Wind's motion to suspend its power purchase agreement with state electric utilities, raising questions about the future of Commonwealth's proposed offshore wind project…
DNV has informed that Michele Tihami has rejoined DNV as Head of Ventures, Scaling, and Partnerships to bolster the innovation and growth expertise of the company. In this role Tihami will focus on developing merger opportunities for the Energy Systems business area in DNV…
Oil prices are proving resilient to global economic recession fears and have outperformed major equity indices and the U.S. dollar so far this year as Western sanctions on Russia further limit supplies to an already tight market.The two major…
Subsea 7 and Van Oord have been awarded a contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) for the Gas to Energy project offshore Guyana, in water depths of up to 1,450 metres.The scope covers the project management…
Offshore installation company Subsea 7 on Wednesday said it had won a 'sizable' contract with Chevron for the development of the Ballymore offshore project in the U.S. Gulf of Mexico. Subsea 7 defines a sizable contract as being between USD 50 million and USD 150 million…
Petrofac, an international service provider to the energy industry, will be supporting deep geothermal specialist CeraPhi Energy in what has been described as a first-of-a-kind geothermal study looking at the repurposing of oil and gas wells using CeraPhi’s technology…
Offshore installation contractor Subsea 7 said Wednesday it had secured a sizeable contract with the British oil major BP offshore Trinidad and Tobago. Subsea 7 defines a sizeable contract as being between $50 million and $150 million. The contract…
