Offshore Energy News

 

Ørsted Offloads LNG Biz to Glencore

Dec 18, 2019

Global leader in offshore wind Ørsted A/S has signed an agreement to divest its liquefied natural gas (LNG) business to the leading global natural resources company Glencore.According to the Denmark's largest energy company, Ørsted entered into…

Equinor Acquires 50% Stake in Polish OWP

Dec 10, 2019

The Norwegian oil and gas major Equinor ASA said it has completed the purchase of a 50% stake in the Baltyk I offshore wind project (OWP) in Poland from Polenergia.The Bałtyk 1 offshore location license allows for a development of a wind farm with a capacity up to 1560MW…

Burnett Name CEO of Seiche

Dec 09, 2019

Seiche Water Technology Group has announced that COO Mark Burnett has been promoted to Chief Executive Officer. Burnett will be responsible for the strategic direction of the business, which provides Passive Acoustic Monitoring (PAM), marine…

OOS Takes Over ODN Delba III

Nov 18, 2019

OOS Energy, an offshore service provider from the Netherlands and part of the OOS Group, said that its onshore and offshore management teams  took over the Ships Management of the Semi-Submersible Drillship ODN DELBA III.Upon completion of the handover…

Prepare Now for 40,000 Offshore Wind Jobs

Nov 18, 2019

The offshore wind industry in the United States is growing exponentially, with multiple projects in the development stages off of the Atlantic coast. The total megawatt capacity of U.S. offshore wind farms is anticipated to reach 22,000 by 2030 and 43…

Energy Transfer: VLCC Offshore Port to be Ready Early 2023

Nov 07, 2019

Energy Transfer LP said on Thursday discussions with potential shippers to build an offshore crude export facility in Texas capable of handling supertankers were progressing on schedule, with the project expected to be in service by late 2022 or early 2023…

ORE Catapult Mulls Humber Expansion

Nov 05, 2019

UK's technology innovation and research center  Offshore Renewable Energy (ORE) Catapult has announced ambitious expansion plans in the Humber, including a commitment to open a base of operations in Grimsby and create 50 to 70 jobs in the region in the next 10 years…

SGRE Posts 10.9% Growth in Offshore Sector

Nov 05, 2019

Spanish-based engineering company Siemens Gamesa Renewable Energy  (SGRE) closed the fiscal year ended September 30 with double-digit growth (+10.9%) in offshore unit due to new markets, mainly Taiwan, which contributed 1.5 GW in firm orders…

Kuok Makes Cash Offer for POSH

Nov 04, 2019

The Kuok Group, through its investment vehicle Quetzal Capital, announced a voluntary conditional cash offer to buy out Singapore-listed PACC Offshore Services Holdings Ltd (POSH).Quetzal Capital said that the conditional offer to acquire all of POSH for S$0…

SEACOR Marine Sells North Sea Standby Biz

Nov 03, 2019

US-based  offshore support vessel  (OSV) provider Seacor Marine has decided to sell its North Sea emergency response and rescue vessel business to North Star in a move to cut costs and generate cash to support its core business.Under the terms agreed…

E&P Companies Struggle on RoI

Oct 31, 2019

International  exploration & production (E&P) are struggling to make money from offshore investments made during the latest investment upturn, according to a new study by Rystad Energy.Rystad Energy has evaluated all offshore oil fields sanctioned…

Blyth Port Readies Turbine Training Facility

Oct 28, 2019

UK's East coast port , Port of Blyth, said that it is installing a bespoke wind turbine training facility at its Bates terminal as part of a GBP1mln investment in training provision aimed at the offshore energy sector. This is a first for the UK wind industry…

Minesto Boosts Taiwanese Presence

Oct 28, 2019

Swedish marine energy developer Minesto AB has renewed the collaboration agreement with National Taiwan Ocean University (NTOU) to explore the potential for Minesto’s Deep Green technology in Taiwan.The renewed collaboration agreement with NTOU's…

Atkins Updates US Offshore Market Guide

Oct 28, 2019

Engineering and project management consultancy Atkins, together with law firm K&L Gates LLP, has released an updated Offshore Wind Market Handbook to help guide investors through technical and regulatory issues in the US offshore wind market…

POSH Terasea Liquidated After Default

Oct 28, 2019

PACC Offshore Services Holdings (POSH), an Asian operator of offshore support vessels, with a diversified fleet servicing offshore oil and gas E&P activities,  said its joint venture, POSH Terasea (PTPL) would be voluntarily liquidated by creditors…

Logistics News

Italy's New FLNG Terminal to Be Operational by March 2025

Italy's New FLNG Terminal to Be Operational by March 2025

New Cruise Terminal to Be Built in Port of Klaipėda

New Cruise Terminal to Be Built in Port of Klaipėda

Adani Aims to Complete Phase One of Long-delayed Port by Year-end

Adani Aims to Complete Phase One of Long-delayed Port by Year-end

Delft Students Cross North Sea on Self-Built Hydrogen Boat

Delft Students Cross North Sea on Self-Built Hydrogen Boat

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