ROVOP Partners Up with Boskalis to Boost Subsea Services Across Energy Industry

(OE) UK-based remotely operated vehicle (ROV) solutions provider ROVOP has formed global partnership with Boskalis’ subsidiary Subsea Services to offer integrated subsea solutions throughout energy industry. The partnership provides five diving support vessels (DSV) and one construction support vessel (CSV) of the Boskalis fleet, with dedicated ROV services to maximize service delivery. It also entails... Continue Reading →

February 20, 2024 0

Valaris rigs collect $1.2 billion for drilling jobs spanning geographies

(OET) Offshore drilling contractor Valaris has landed a batch of new contracts and extensions across multiple geographies with Petrobras, Equinor, Harbour Energy, TotalEnergies, Shell, Ithaca Energy, Eni, undisclosed operators, and Anadarko Petroleum Corporation, a wholly-owned subsidiary of Occidental (Oxy). These deals will enable three floaters and six jack-ups in the rig owner’s fleet to undertake... Continue Reading →

February 16, 2024 0

Shell’s Profit Drops 30% from Previous Year

(Reuters) Shell on Thursday reported a 2023 profit of $28 billion, a 30% drop from the previous year's record as energy prices and demand cooled, but still allowing the firm to increase its dividend by 4% and extend share repurchases. The British company's payouts to shareholders reached around $23 billion in 2023, over 10% of... Continue Reading →

February 1, 2024 0

Funding announced for first-in-class low-carbon installation vessel for floating offshore wind

The UK Government has awarded funding to a consortium led by Morek Engineeringto design a new class of low-carbon installation vessel for the floating offshore windmarket.The consortium has won the funding through the UK Government’s Clean MaritimeDemonstration Competition based on their proven track record in innovative vessel designand delivery of complex offshore operations. The consortium... Continue Reading →

January 29, 2024 0

Rovco Grows Offshore Wind Survey Fleet

(OE) Rovco, a UK-based subsea robotics and survey firm, has added a second hull mounted survey vessel to its fleet with the long-term charter of the DP2 vessel Glomar Worker. The four-year charter with Glomar comes in response to client demand for innovative geophysical and geotechnical survey solutions, according to the company. Rovco has started... Continue Reading →

January 24, 2024 0

Europe Installs Record-Breaking 4.2 GW of Offshore Wind in 2023

(OW) Europe’s offshore wind industry brought online a record 4.2 GW of new capacity in 2023 and is expected to build around 5 GW of offshore wind annually over the next three years, according to WindEurope data. However, this is still not enough to meet the continent’s 2030 climate and energy security targets, WindEurope added.... Continue Reading →

January 22, 2024 0

Verlume Granted Fit4Offshore Renewables Status

(OE) Scottish energy management and storage technologies specialist Verlume has achieved the ‘Granted' status from the Offshore Renewable Energy (ORE) Catapult’s Fit For Offshore Renewables (F4OR) program. Designed as a business improvement programme and to build energy sector specific capability, F4OR has been developed with input from the offshore renewable energy industry and is managed... Continue Reading →

January 8, 2024 0

Round up: Major multi-billion oil & gas projects greenlighted in 2023

(OET) With energy security running the show, multiple new oil and gas projects were sanctioned throughout 2023. Among the top eight are the ones operated by TotalEnergies, Shell, ExxonMobil, Equinor, Woodside, OMV Petrom, and ADNOC. The year, which is now behind us, kicked off with an announcement from TotalEnergies and its partners, Shell and Repsol... Continue Reading →

January 3, 2024 0

Seas of Change: UK Ports at the Forefront of Energy Transition

(OE) Ports in the UK such as Aberdeen serve as vital gateways to the offshore energy supply chain, providing services from surveying and construction to operational support, maintenance and decommissioning for oil and gas platforms and renewable energy installations all around the UK coastline. Vessels, moving 84.5 million tons of energy related cargo in 2022,... Continue Reading →

December 28, 2023 0

RWE Buys UK Offshore Wind Assets from Vattenfall for $1.2 Billion

(OE) German utility RWE on Thursday said it would acquire three offshore wind projects off the English coast from Sweden's Vattenfall in a deal that values the assets at 963 million pounds ($1.2 billion). The UK Norfolk Offshore Wind Zone portfolio consists of three 1.4 gigawatt projects, RWE said. The transaction was expected to close... Continue Reading →

December 21, 2023 0