Business & Finance
Energi Coast sets up offshore wind innovation group
North East England’s offshore wind cluster Energi Coast is launching a new Innovation Group which aims to develop long-term solutions to meet the requirements for new technology in offshore wind. The purpose of the group is to progress major innovation opportunities for the region’s offshore wind in
Sentinel Marine: Last of nine newbuild vessels arrives in Aberdeen
The Malin Sentinel, the final newbuild vessel of nine in a £150m investment programme by Sentinel Marine, has arrived in Aberdeen.
INEOS buys Norther offshore wind power
INEOS has signed an agreement with Engie to buy 84 MW of energy produced by the Norther offshore wind farm in Belgium. The 84 MW will initially be used by existing INEOS production sites and later by Project ONE, the company’s investment in two chemical plants for the production of ethylene and prop
Vietnam primed for 10 GW by 2030 offshore wind push
The Danish Energy Agency and the World Bank Group have prepared a roadmap for the development of offshore wind in Vietnam, which recommends that 10 GW of offshore wind power could be operational in the country by 2030. The Input to Roadmap for Offshore Wind Power Development in Vietnam report also r
Aker BP taps Odfjell Drilling for more rig work
Aker BP has awarded further work to the Odfjell Drilling-owned Deepsea Stavanger rig, scheduled to be done upon the rig’s return from a gig in South Africa with Total.
Shell in major cost-cutting drive as it gears up for energy transition
Oil major Shell has launched a major cost-cutting drive to save cash and overhaul its business in preparation for the energy transition.
Global Marine Group sets up new division – OceanIQ
Subsea cable installation and maintenance player Global Marine Group has launched OceanIQ, the fourth business unit in its engineering portfolio. OceanIQ delivers subsea cable data, survey, route engineering and consultancy services for telecom and power cable route planning projects. Its team also
Rystad Energy: Less is more if using 14 MW offshore wind turbines
A recent analysis from Rystad Energy has shown that using 14 MW wind turbines can reduce overall costs of large-scale offshore wind farms, even though these wind turbines themselves are more expensive. Rystad Energy looked at using next-generation turbines of various sizes for a 1 GW offshore wind f
OSM to acquire SeaTeam from Frontline, Golden Ocean
Norwegian maritime services provider OSM Maritime (OSM) revealed that it is in final negotiations to acquire SeaTeam Management from shipping companies Frontline and Golden Ocean Group Limited after reaching a preliminary agreement.
Eneco joins Amsterdam IJmuiden Offshore Ports association
Eneco has joined the Amsterdam IJmuiden Offshore Ports (AYOP), an association focused on the offshore energy sector which gathers more than 85 companies and organisations active in the North Sea Canal region. According to AYOP’s press release from 21 September, the membership will provide Eneco with
Mermaid enters Thai decommissioning joint venture
Offshore vessel provider Mermaid Maritime has entered into a joint venture with Meitech to enhance offshore transport, installation, and decommissioning capabilities in Thailand.
Odfjell gets early termination and new gig for semi-submersible
Offshore driller Odfjell Drilling has received a notice of early termination from oil major BP for the charter of the Deepsea Aberdeen rig but, concurrently, secured work for the rig with Wintershall Dea.
South Korea’s SeAH to build monopile factory in UK
SeAH has signed an exclusive Memorandum of Understanding with Able UK to use the Able Marine Energy Park development to establish a monopile production facility on the South Bank of the Humber. The South Korean steel tube manufacturer’s facility could potentially create around 400 jobs. Currently, t
Solstad Offshore receives early charter termination for ‘Normand Maximus’
Norwegian vessel owner Solstad Offshore has received a notice of early termination of the charter party for the one of its vessels from Italian offshore contractor Saipem.