Odyssey Marine Exploration Request for Offshore Mineral Lease Sale Advances
Odyssey Marine Exploration, Inc., a U.S.-based ocean exploration and marine resource development leader, received news that the Bureau of Ocean Energy Management’s (BOEM), a department of the U.S. Department of Interior (DOI), has initiated the formal review process for its unsolicited request for a potential marine mineral lease sale in federal waters offshore Virginia.BOEM’s action highlights the increasing federal focus on responsibly assessing domestic offshore mineral resources.
Jan De Nul Wraps Up Cable Installation Job for TenneT’s DolWin Platform
Belgian offshore contractor Jan De Nul has concluded the 2025 transport and installation campaign of three HVAC grid connection cables at TenneT’s DolWin kappa platform.When finalized, these cables will ensure the transport of almost 660 MW renewable electricity from two offshore wind farms, which is enough energy needed to power more than 800,000 German homes.Jan De Nul and partner Hellenic Cables are responsible for design, production, transport, installation and protection of three 155 kV HVAC cables with a total length of 37 km.
Chevron Among Top Bidders at Gulf of Mexico Oil and Gas Auction
BP, Chevron and Shell were among the top bidders on Wednesday at the U.S. government's first sale of oil and gas drilling rights in the Gulf of Mexico since 2023.The auction, which ended with $279.4 million in high bids, was the first of 30 mandated by U.S. President Donald Trump's tax cut and spending bill, which he signed into law in July.His administration's plans for offshore leasing are a significant departure from that of his predecessor, President Joe Biden, which had planned…
Noatum Maritime, Siemens Energy and GPT Team Up for Offshore Renewables
Noatum Maritime, Siemens Energy and Green Parrot Tech (GPT) have signed a partnership agreement to explore collaboration in the offshore renewable energy sector.Noatum Maritime, an AD Ports Group company, Siemens Energy and GPT plan to combine their capabilities to support the development of offshore renewable infrastructure including substations and power grid networks.The partnership aims to integrate expertise in electrical systems, engineering and design, subsea solutions…
Eneos Warns on Skyrocketing Costs fo Offshore Wind
Eneos Holdings, Japan's top oil refiner which has been expanding into renewable energy, on Wednesday warned of the surging cost of developing its offshore wind project, with its CEO saying returns were difficult to achieve.Eneos unit, Japan Renewable Energy, won a government auction to develop the Happo-Noshiro 375-megawatt offshore wind project in Japan's northern Akita prefecture together with Spain's Iberdrola and Tohoku Electric Power Co in March 2024.
Emerson Launches WirelessHART Non-Contacting Radar Level Transmitter
Emerson, an industrial technology leader delivering automation solutions, has launched the world’s first native WirelessHART non-contacting radar level transmitter. The Rosemount 3408 Wireless Level Transmitter – Non-Contacting Radar reduces the complexity, time and costs associated with installing cabling in automated measurement points. By eliminating measurement blind spots and the need for manual readings, the transmitter enhances plant safety, boosts operational efficiency, and enables more reliable, continuous level monitoring in industrial environments.
French Offshore Wind Sector Impacted by Government Crisis
Offshore wind developers and equipment suppliers are bracing for a slowdown in business in France where a political crisis has stalled changes to the country's energy framework and government tenders.The threat of a further hit to France's economy comes after data released on Friday shows business activity declined faster than expected in October.President Emmanuel Macron has churned through six prime ministers in two years as a fractured legislature struggles to agree on a belt-tightening budget.
Offshore Drilling Gains Momentum in US as Onshore Fades
Rigs drilling beneath the deep waters of the Gulf of Mexico will drive U.S. oil industry growth this year and next as onshore production slows due to lower prices and maturing shale fields, and analysts and consultants expect the trend to continue as new technology and friendly regulations attract investment offshore.The offshore oil and gas sector took a backseat to shale in recent years because drilling at sea requires years of construction work and higher upfront investments. Entry costs were lower for shale production and returns quicker, so rapid expansion in shale made the U.S.
DOF Scores $200M in Vessel Contracts with Petrobras
Norwegian offshore supply vessel owner DOF Group has secured long-term contracts for two of its vessels with Petrobras for work offshore Brazil.The contracts, with a combined value of approximately $200 million, are for Skandi Chieftain high-spec subsea vessel and Skandi Olympia DP2 construction support vessel.The vessels have been awarded four-year charters with Petrobras.Both vessels will operate with one WROV and are expected to be delivered in October 2026.The contracts follow the same competitive tender process that resulted in the contract awards for DOF’s Skandi Achiever…
DeepOcean Gets Offshore Installation Job at Equinor’s Norwegian Fields
Ocean services provider DeepOcean has been awarded a SIMOPRO – simultaneous marine operation and production – installation contract by Equinor on the Norwegian continental shelf.DeepOcean’s scope of work entails SIMOPRO installation work on both the Åsgård and Visund fields. The company will undertake onshore project management, engineering and procurement services as well as offshore operations.A SIMOPRO operation refers to a complex offshore job where marine construction or…
Dutch Government to Grant $1.18b in Subsidies for Offshore Wind Farms
The Dutch government will grant around 1 billion euros ($1.18 billion) in subsidies next year for the construction of offshore wind farms with a total capacity of 2 gigawatt (GW), it said on Tuesday.Tenders for the wind farms had been put on hold in May, as prospective builders had said they saw no viable business case without subsidies.The Netherlands last year already pushed back plans to increase offshore wind capacity from 4.7 GW to 21 GW to the end of 2032 instead of 2030, citing costs and supply chain difficulties.($1 = 0.8450 euros)(Reuters)
Roll Group Welcomes Wide Deck Carrier to Its Fleet
Roll Group has signed the long-term charter of the wide deck carrier Bigroll KMC Beaumont from its partner KMC Bluewhale.The vessel was delivered in Singapore and will immediately begin operations to support of Roll Group’s expanding global project logistics and transportation services.With its 139-meter length overall and 32-meter deck width, the Bigroll KMC Beaumont is expected to enhance the company’s ability to transport heavy and oversized cargoes across key markets, particularly…
UK's Port of Tyne Unveils $200M Upgrade Plan to Back Offshore Wind
The Port of Tyne has unveiled plans to invest around $200 million to redevelop 230 acres into the Tyne Clean Energy Park, adding 400 meters of deep-water quayside to support offshore renewables, clean energy and advanced manufacturing.The project could create up to 12,000 jobs and deliver $7.6 billion to the economy, according to an independent study by WSP.The investment program will transform the north and south banks of the Port of Tyne and add an additional 400 meters of deep-water quayside.The plan for Tyne Clean Energy Park includes a kilometer of both new and redeveloped deep-water…
Floating Offshore Wind Test Center Planned for Japan
Japan aims to start planning a national floating wind test centre next year, a senior industry official said, vowing to pursue a path of wind power growth despite a recent setback when Mitsubishi quit three projects.Mitsubishi-led consortia 8058.Tdropped plans last month to build 1.8 gigawatt (GW) in three offshore windmills won in Japan's first major state auction in 2021, dealing a blow to the sector seen as key to cutting dependence on imported fuels."We must conduct verification tests in Japanese waters as Japan's ocean and weather conditions differ from those in Europe…
Petrobras Completes Test in Offshore Oil Area Ahead of Environmental Assessment
Brazil's President Luiz Inacio Lula da Silva said on Tuesday that environmental agency Ibama should be satisfied with the results of an emergency drill done by state-run oil firm Petrobras in the country's Foz do Amazonas basin, ahead of Ibama's official assessment."Petrobras has already carried out the test. Ibama should be satisfied with the results of the research, and Ibama will now grant us the license to carry out the first experiment," Lula said in an interview with local news channel Rede Amazonica.Despite Lula's claims…
Green Party Norway Pushes Oil Phaseout
In Norway, made rich by oil and gas, the idea of shutting fields sends chills, but that is exactly what the small Green Party is pushing as a global switch away from fossil fuels looms.And it's a demand with greater meaning after Monday's election, with the ruling Labour Party needing the support of the Greens - who more than doubled the seats they hold to seven - to safeguard a two-seat majority secured by left-leaning parties."We will definitely prioritise putting the climate issue at the forefront…
Marco Polo Picks Salt Ship Design for Next-Gen Offshore Energy CSOV
Singapore-based marine logistics firm Marco Polo has hired Norwegian ship designer Salt Ship Design to design the CSOV Plus, the next-generation commissioning service operation vessel (CSOV) for oil and gas and offshore wind sectors.The contract was signed between Marco Polo’s Taiwan-based subsidiary PKR Offshore, Salt Ship Design and Marco Polo Shipyard.Marco Polo Marine’s new CSOV Plus marks a significant advancement in offshore support vessel capability.The CSOV vessel will…
BOEM Rescinds Offshore Renewable Energy Leasing Schedule
The US Bureau of Ocean Energy Management (BOEM) has announced a direct final rule rescinding a section of its regulations that outlined the renewable energy lease sale schedule.Under the rescinded regulation, BOEM required the Secretary of the Interior to publish a five-year schedule of anticipated offshore renewable energy lease sales at least every two years.After reviewing this regulation, the Department of the Interior has determined this provision is not mandated under the…
Wind Multiplikator, Norwind Offshore Ink CSOV Charter Deal
Wind Multiplikator, a subsidiary of Danish company Semco Maritime, has signed a long-term charter agreement with Norwegian shipping company Norwind Offshore for a Commissioning Service Operation Vessel (CSOV), set for deployment at an offshore wind farm in German North Sea.The newly built vessel Norwind Maestro is scheduled for delivery in the first quarter of 2026, with a sister ship of the same design available from the fourth quarter of 2025.Both CSOVs will operate directly out of Emden…
US Cancels Designated Wind Energy Areas
The US Bureau of Ocean Energy Management (BOEM) has rescinded all designated Wind Energy Areas (WEAs) on the U.S. Outer Continental Shelf (OCS).BOEM says the action is being taken in accordance with Secretary’s Order 3437 - Ending Preferential Treatment for Unreliable, Foreign Controlled Energy Sources in Department Decision-Making – and the Presidential Memorandum of January 20, 2025 – Temporary Withdrawal of All Areas on the OCS from Offshore Wind Leasing and Review of the Federal Government’s Leasing and Permitting Practices for Wind Projects.
Kongsberg Maritime, Noble Corp to Jointly Advance Offshore Drilling Tech
Kongsberg Maritime has signed a development program framework agreement with Noble Corporation, marking a key step forward in the co-development of advanced marine technologies for the offshore drilling sector.The long-term strategic partnership will focus on the joint development, piloting, and commercialization of innovative solutions aimed at enhancing operational efficiency, risk assessment, and sustainability in offshore operations.The first pilot project under this agreement will be launched later in 2025 on the drillship Noble Sam Croft…
Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO
Yinson Production, via its joint venture PTSC South East Asia (PTSC SEA), has secured a lease and operate contract for a new floating storage and offloading (FSO) unit for Vietnam’s offshore Block B gas development.The contract was awarded by Phu Quoc Petroleum Operating Company (PQPOC), the operator of Blocks B 48/95 and 52/97, on behalf of state-run Petrovietnam. The project marks a key milestone in Vietnam’s push to enhance energy security and offshore infrastructure.The contract includes a firm term of 14 years, with an option to extend for up to nine additional years.
Seatrium Makes First Turnkey FPSO Delivery to Petrobras
Seatrium has announced the impending delivery of Petrobras 78 (P-78), the first of a series of turnkey floating production, storage and offloading (FPSO) units to Petrobras.The sailaway ceremony took place two weeks ago at Seatrium’s Singapore yard. Upon delivery, the P-78 will be deployed in Brazil’s prolific Buzios field, the largest deepwater oil field globally, with a production capacity of 180,000 barrels of oil per day (bopd), 7.2 million cubic metres (mcbm) of gas per day…