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Energy

Another Vessel Joining Nord Stream 2 Pipeline Construction

Akademik Cherskiy vessel / Image - Sergei Skriabin - AdobeStock

The consortium behind the Nord Stream 2 undersea gas pipeline said on Thursday a second Russian pipe-laying vessel is undergoing sea trials ahead of joining the project, as it presses on with construction despite growing political pressure.The vessel, the Akademik Cherskiy, left the German port of Wismar

Norwegian Seismic Firm Reactivates Vessels Citing Pick Up in Activity

Credit: PGS

Norway-based marine seismic surveyor PGS said Thursday it was experiencing an increase in seismic acquisition project activity, and that it would reactivate some previously stacked vessels."Based on project awards so far, PGS has started preparations to activate Ramform Vanguard for the summer season,

Cavusoglu: Turkey, Egypt Could Sign Maritime Demarcation Deal

Turkish Foreign Minister Mevlut Cavusoglu / Credit: Turkish Foreign Ministry

Turkey and Egypt could negotiate and sign a maritime demarcation deal in the eastern Mediterranean if their ties, which have been strained, allow for such a move, Turkish Foreign Minister Mevlut Cavusoglu said on Wednesday.Ties between them have been frosty since Egypt’s army ousted Muslim Brotherhood President Mohammed Mursi,

REM Offshore's Wind Service Vessel to Feature NES Technology

Credit:Havyard Design & Solutions AS

Havyard Group's subsidiary Norwegian Electric Systems (NES) has won a contract to deliver energy design and smart control solution to Rem Offshore’s new vessel for the offshore wind service market. The contract was awarded by Green Yard Kleven who is building the vessel.According to NES, the vessel

DOF Sells Platform Supplier Skandi Texel

Skandi Texel - Credit.W.J. Soeters/MarineTraffic.com

Norwegian offshore vessel owner DOF Rederi AS, a subsidiary of DOF, has sold the platform supply vessel Skandi Texel.DOF said Wednesday that the vessel had been sold to a Norwegian company. It did not say who the buyer was exactly, but it did say that the vessel would leave the oil services sector."The

Dudgeon Offshore Wind Farm: Equinor Renews Charter for Esvagt Njord SOV

Credit: Esvagt

Norwegian energy firm Equinor has awarded a 5-year contract extension to Danish offshore vessel owner Esvagt for the use of the Esvagt Njord vessel at the Dudgeon offshore wind farm in the UK. The extension runs until 2026.The SOV (Service Operation Vessel) ‘Esvagt Njord’ has been servicing Equinor

ABS: U.S. Offshore Wind Vessel Demand Set to Soar

Credit: hro1980/AdobeStock

It's no longer news that the U.S. is set to become the next big offshore wind market, with an IEA 2019 report forecasting 40 GW of installed offshore wind capacity in the country by 2040, which will require a $100 billion investment.To meet this expected growth, both in the fixed-bottom wind farms and the floating wind farms, the U.

ENERGY: Oil Rises on Vaccine Optimism, U.S. Stimulus

© frank peters/AdobeStock

Oil prices open March 2021 on a strong note, supported by optimism about COVID-19 vaccinations, a U.S. stimulus package and growing factory activity in Europe despite coronavirus restrictions.Brent crude was up 63 cents or 1% at $65.05 a barrel by 1150 GMT, and U.S. West Texas Intermediate (WTI) crude jumped 62 cents or 1% to $62.

Machado Named MD at Maersk Training UK

Leonardo Machado (1).jpg

Maersk Training UK (MTUK) has appointed a new managing director as the company looks to expand its offering to the North Sea energy sector. Leonardo Machado joins MTUK having previously been managing director of the company’s operations in Brazil for six years. Machado played a key role in developing training for the wind and production industries,

Report: Baker Hughes, 17 Other Firms Quit Nord Stream 2 Pipeline Project to Avoid Sanctions

The U.S. representatives last week listed 15 ships, in a letter sent to Secretary Antony Blinken, that are "possibly engaged" in laying pipelines or related activities at the Nord Stream 2 project since Jan. 1 when the latest U.S. sanctions became law, including the Russia flagged vessels, the Ivan Sidorenko, the Murman, and Fortuna - Image: Fortuna vessel/Credit: Peter Remde/MarineTraffic.com

Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia’s Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a document the Biden administration sent to Congress last week which was seen by Reuters.Russian energy company Gazprom and its western partners

Petrobras, SBM Offshore Sign LoI for Giant Búzios Field FPSO

An illustration of a Fast4Ward FPSO - The image doesn't reflect the final look of the FPSO Almirante Tamandaré/ Copyright © SBM Offshore

Brazilian oil giant Petrobras has signed a letter of intent with Dutch FPSO supplier SBM Offshore for the delivery of an FPSO to be deployed in the Búzios field in the Santos Basin, offshore Brazil.SBM Offshore will be responsible for the engineering, procurement, construction, installation, and operation of the FPSO,

Siem Offshore Wins W. Africa Deal for Subsea Construction Vessel 'Siem Spearfish'

Siem Spearfish - Image by David Meek/MarineTraffic.com

Norwegian offshore vessel operator Siem Offshore has said it has secured a contract for its Siem Spearfish subsea construction vessel.The contract, with an unnamed client, is for 2 months firm, with extension options included.Under the contract, the Siem Spearfish, designed for subsea operation duties such as construction and installation work,

First Ever Jones Act Offshore Wind Turbine Installation Vessel to be Classed by ABS

Credit: ABS

Maritime and offshore classification society American Bureau of Shipping (ABS) will class the first ever Jones Act compliant offshore wind turbine installation vessel (WTIV), seen as a key vessel for the development of the U.S. offshore wind industry.With several gigawatts of offshore wind capacity to be installed along the U.

Report: SBM Offshore Only Bidder for Petrobras' Mero 4 FPSO

Illustration only; An FPSO offshore Brazil - Credit: Ranimir/AdobeStock - The image has been cropped

Brazil's state-controlled oil company Petrobras received only one proposal, from Dutch SBM Offshore, in a bid to contract construction of the Mero 4 oil platform [FPSO] in the Santos Basin pre-salt, two sources with knowledge of the matter told Reuters.Petrobras' business

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