(offshoreWIND.biz) Citing deteriorating market conditions, the Dutch government has delayed tenders for two offshore wind farms and will instead open a tender for one location in the North Sea later this year. The tenders for IJmuiden Ver Gamma-A and IJmuiden Ver Gamma-B were scheduled for the third quarter of this year. However, due to deteriorating market conditions... Continue Reading →
Norway Reopens Its First Floating Wind Tender
(offshoreWIND.biz) The Norwegian Ministry of Energy has invited applications for three floating wind sites within the Utsira Nord area. The deadline for submitting proposals is set for 15 September 2025. The government is offering a project capacity of 500 MW at each site through the tendering process, which will be carried out in two stages:... Continue Reading →
Guyana Passes Bill Making Firms Liable for Oil Spill Damages
(Reuters) Guyana's parliament passed an oil pollution bill late on Friday that holds parties liable for damages caused by oil spills, including from vessels. The bill, which passed with a majority of votes cast in a simple voice vote, is expected to soon be signed into law by President Irfaan Ali. Guyana, whose oil production... Continue Reading →
National Grid Takes $402 Million Hit on Paused New York Wind Project
(Reuters) National Grid booked a multi-million impairment charge on a paused U.S. wind project, but said on Thursday it was on track to invest 60 billion pounds ($79.74 billion) in energy networks through March 2029 and its results beat estimates. Its shares rose 2% to 1,038 pence by 0725 GMT, outperforming the wider market, which... Continue Reading →
P-80 FPSO set to work at world’s ‘largest deepwater field’ ready for next construction stage
(offshore-energy.biz) Singapore’s offshore marine solutions company PACC Offshore Services Holdings (POSH), part of the Kuok Maritime Group, has completed the towing of a hull for a floating production storage and offloading (FPSO) unit from China to Singapore. The vessel is slated to work at a Brazilian deepwater field with Brazil’s state-owned energy giant, Petrobras. Towed by... Continue Reading →
SBM Offshore Reports 27% Revenue Rise, Driven by FPSO Unit
(Reuters) Dutch oil and gas services firm SBM Offshore reported a 27% rise in its first-quarter revenue on Thursday, boosted by strong performance across all its segments, particularly in its turnkey unit. The Amsterdam-listed firm, which provides floating production services to the offshore energy industry, posted a quarterly directional revenue of $1.10 billion. SBM Offshore... Continue Reading →
Eletrobras reports a loss of R$81 million in the 1st quarter of 2025
(agenciabrasil.com.br) Eletrobras reported a loss of R$81 million in the 1st quarter of 2025. According to the company, the result reflects the review carried out by the National Electric Energy Agency (Aneel) in the regulatory base of assets of Companhia Hidro Elétrica do São Francisco (Chesf), one of Eletrobras' main subsidiaries. "The impact of the... Continue Reading →
Canadian oil & gas firm rolls out new name
(offshore-energy.biz) Canada-based oil and gas company Africa Oil Corp. has presented a new brand identity, which entails a name change to Meren. As disclosed, the new name refers to an old Dutch nautical term representing the mooring of a vessel as it docks. According to the firm, the word mirrors its stability anchored by a... Continue Reading →
DEME Acquires 50% Stake in BAUER Offshore Technologies
(OE) DEME Offshore Holding, a wholly owned subsidiary of DEME Group, has acquired a 50% stake in BAUER Offshore Technologies, a BAUER Group company. BAUER Offshore Technologies specializes in drilling services for the installation of foundations for offshore wind farms. The company will become part of DEME’s Offshore Energy segment. The experienced eight-person team will continue... Continue Reading →
Perenco Finds More Gas Offshore Trinidad and Tobago
(OE) Perenco Trinidad & Tobago (T&T), as the operator of the Teak, Samaan and Poui (TSP) fields, has found gas as part of a drilling campaign at the Onyx field, offshore Trinidad and Tobago. The two legs, at the Onyx well and sidetrack in the eastern part of the Onyx field, encountered significant columns of natural gas... Continue Reading →