Energy

DNV, an independent energy expert and assurance provider, has published a substantial revision to the ‘go-to standard’, DNV-ST-N001, for the design and planning of marine operations for the transport, installation and removal of offshore wind farms, subsea cables and oil and gas assets.

EthosEnergy, which specializes in services and solutions for rotating equipment in the energy and industrial sectors, has signed a five-year master service agreement (MSA) with Harbour Energy.

Dutch shipowner Future Proof Shipping (FPS), the EU-funded Flagships project, and the Interreg-funded ZEM Ports NS project launch the groundbreaking H2 Barge 2. The hydrogen-powered vessel will ship goods completely emission-free on the Rhine between Rotterdam (NL) and Duisburg (DE).

US Forged Rings Inc. (USFR) announces a $700M investment in the U.S. offshore wind industry to construct a state-of-the-art tower fabrication facility and a steel forging plant.

TotalEnergies and its partners announce the start of production from the Akpo West field on the PML2 license in Nigeria.

TotalEnergies and Vantage Drilling International have signed a binding agreement to create a new joint venture (JV) that will acquire from Vantage the Tungsten Explorer drillship. Pursuant to the terms of the agreement, TotalEnergies will pay $199 million for a 75% interest in the JV owning the rig, with Vantage owning the remaining 25%. Leveraging on Vantage’s deep offshore drilling experience and longstanding collaboration with TotalEnergies, the JV will contract Vantage to operate the Tungsten Explorer for 10 years.

AGR has been awarded a long-term contract for the provision of blowout and well control studies and associated services to Vår Energi’s activities on the Norwegian continental shelf.

Wave energy is the single largest unused renewable energy source on the planet. The total theoretical wave energy resource worldwide stands at an impressive 30,000 TWh/year, surpassing the combined human consumption of electrical energy. If this energy could be properly harnessed, it would increase the share of renewable energy production and reduce the reliance on fossil fuels.

Zelim, a UK-based startup developing innovative search and rescue solutions, is joining forces with Ocean Winds (OW), an international company dedicated to offshore wind energy and 50-50 joint venture between EDP Renewables and ENGIE, in a pilot project to test AI enabled person detection software for floating offshore wind farms.

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.