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Offshore Wind Cable Market to Reach $3B

Aug 12, 2019

The global offshore wind cable market is estimated to grow at CAGR above 16% over the forecast time frame 2019 to 2026 and reach the market value around $3 billion by 2026.The demand for offshore wind cables has seen significant development…

DNV GL Launches OMA Services

Aug 12, 2019

The world’s largest resource of independent energy experts and certification body DNV GL launched a new service in The Operational Modal Analysis (OMA), also known as ambient modal identification, detects the modal properties of a structure…

Fire Erupts at Exxon's Baytown complex; 37 Hurt

Jul 31, 2019

Exxon Mobil Corp said it was fighting a fire that erupted on Wednesday at its Baytown, Texas, refining and chemical plant complex injuring 37 people and sending nearby residents indoors.As many as 37 people were being treated for non-life threatening injuries amid efforts to put out the fire…

Ørsted Offshore Wind Hub Comes in East Coast

Jul 25, 2019

Ørsted U.S. Offshore Wind announced a landmark agreement to develop Maryland’s first offshore wind energy staging center at Tradepoint Atlantic, a 3,300-acre global logistics center in Baltimore County, Maryland.Establishing a facility for offshore…

Top Turbine Makers to Spend $2.6bln on R&D

Jul 25, 2019

Research and development (R&D) expenses among the world's top ten wind turbine manufacturers are expected to exceed $2.6 billion by 2023.The  R&D expenses more than doubled in the last four years, reaching $1.8m in 2018, as demand grows for ever-bigger on- and offshore models…

Offshore wind: One-stop power conversion

Jul 22, 2019

With the United States and China about to start their respective offshore wind build-ups, grid operators wondering about the efficiency of their turbines or the emissions-areas compliance of their wind-service vessels will be warmed to know there’s someone they can talk to…

Aker Energy Issues Bonds to AFC

Jul 09, 2019

Aker Energy Ghana, a subsidiary of Norwegian-based oil exploration and production firm Aker Energy AS, has entered into an agreement to issue $100 million of convertible subordinated bonds to Africa Finance Corporation (AFC).AFC also intends to take part in future capital market activities…

Wärtsilä to Optimize PLSVs of Sapura Brasil

Jul 08, 2019

Subsea services specialist Sapura Brazil has signed a five-year optimized maintenance agreement with Wärtsilä.As per the agreement the the Finnish tech major will support Sapura’s fleet of six pipe-laying support vessels' (PLSV) operational…

DNV GL Supports Asia's Largest Solar Floater

Jul 04, 2019

DNV GL, the international accredited registrar and classification society, said that it has been appointed by PUB, Singapore’s national water agency,  as technical adviser for a 50MW floating photovoltaic (PV) project tender in Singapore.The first-of-its-kind 50 MW project…

Poland Employs New Seismic Tech

Jun 21, 2019

The Polish state-controlled oil and gas company PGNiG said that its geophysical services provider Geofizyka Toruń SA became the first company in Europe to employ new seismic data acquisition technologies in searching for hydrocarbon deposits…

Offshore wind: One-stop Power Conversion

Jun 14, 2019

With the United States and China about to start their respective offshore wind build-ups, grid operators wondering about the efficiency of their turbines or the emissions-areas compliance of their wind-service vessels will be warmed to know there’s someone they can talk to…

EPC Contract Awarded for Mozambique LNG

Jun 05, 2019

A joint venture between McDermott, Saipem and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum Corporation for the Mozambique Area 1 Liquefied Natural Gas (LNG) Development, McDermott International announced on Wednesday…

Qatar Awards FEED Contract to McDermott

May 28, 2019

Qatar Petroleum said it has awarded the front end engineering and design (FEED) contract for the North Field Expansion Project’s offshore pipelines and topsides facilities to McDermott Middle East Inc.The scope of work awarded includes engineering…

Saudi Aramco to Buy LNG from US

May 23, 2019

Saudi Arabia’s state owned oil company Saudi Aramco will buy 5 million tons of liquid natural gas per year(LNG) from the U.S. company Sempra Energy, based in San Diego under a 20 year agreement.The heads of agreement (HOA) between the companies…

Johan Sverdrup Phase 2 Plan Approved

May 15, 2019

Norwegian authorities have formally approved the plan for development and operation (PDO) of the second phase of the Johan Sverdrup field, Equinor announced on Wednesday. The Norwegian energy company said the NOK 41 billion ($4.7 billion) project…

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