Energy

McDermott has been awarded two contracts from North Oil Company (NOC) to deliver engineering, procurement, construction, installation and commissioning (EPCIC) for packages 11 and 13 of the Ruya Development Project, as part of the expansion of the Al-Shaheen field, Qatar's largest oil field.

TotalEnergies has signed an agreement with OMV to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn (SapuraOMV) for a consideration of $903 million (including the transfer of a $350 million loan granted by OMV to SapuraOMV), subject to customary closing adjustments.

North Star has secured a contract with energy utility giant EnBW to deliver a new hybrid-electric service operations vessel (SOV) on a decade-long minimum charter to service the He Dreiht wind farm off the coast of Germany.

Dominion Energy has received the last two major federal approvals needed to begin construction of its 2.6-gigawatt Coastal Virginia Offshore Wind (CVOW), keeping the largest offshore wind farm in the United States on schedule to generate enough clean, renewable energy to power up to 660,000 homes once fully constructed in late 2026.

CRC Evans, a leading provider of welding and coating services, has been awarded funding through The Offshore Wind Growth Partnership’s (OWGP) Development Grant scheme.

Energies PH, Inc, through its affiliate San Bernardino Ocean Power Corporation, has contracted with Inyanga Marine Energy Group to build Southeast Asia’s first ever tidal power generation plant.

The UK Government has awarded funding to a consortium led by Morek Engineering to design a new class of low-carbon installation vessel for the floating offshore wind market.

Joint venture partners Ørsted and Eversource submitted a new proposal for Sunrise Wind in response to New York’s latest offshore wind solicitation, re-bidding an updated project that, if selected, would fulfill its promise to deliver substantial economic benefits across New York and play a critical role in advancing the state’s climate goals.

VARD and Windward Offshore, a consortium led by ASSC´s offshore arm SeaRenergy Group in Germany have signed a contract for the design and construction for two additional hybrid Commissioning Service Operation Vessels (CSOV).

New research from the specialist energy market research and consultancy firm Westwood Global Energy Group (Westwood), indicates that out of the 380GW of pre-sanctioned offshore wind capacity that is forecast to reach FID between 2024 and 2030, nearly 40% of the pipeline is considered “risked”, leaving a sizeable portion in a vulnerable position.

Equinor (has entered into a swap transaction with bp, under which Equinor will take full ownership of the Empire Wind lease and projects and bp will take full ownership of the Beacon Wind lease and projects.

TotalEnergies and its partner Corio Generation (Corio) announce that the State of New Jersey selected their Attentive Energy Two offshore wind project for a 20-year contract to supply 1.34 GW of renewable electricity to the state. The project will deliver renewable power to over 650,000 homes.