The European Commission has approved a €5 billion Danish State aid scheme for the Hesselø and North Sea I Mid offshore wind farms, supporting up to 1.8 GW of new capacity through a capability-based two-way CfD model over 20 years.
Borr Drilling has agreed to acquire five jackup rigs in Mexico through a new joint venture with CME, adding Fontis Energy’s drilling operations and fleet to its regional position.
Borr Drilling has agreed to acquire five jackup rigs in Mexico through a new joint venture with CME, adding Fontis Energy’s drilling operations and fleet to its regional position.
Ofgem shortlisted five bidders for offshore transmission assets serving East Anglia 3, Inch Cape and Dogger Bank C, with a combined estimated value of £3.5 billion.
Vestas, KPS and KMC Line signed an MoU to support offshore wind O&M in South Korea through technician training, workforce development and project cooperation.
Equinor, through Rio Energy, has acquired the 230 MW Esquina do Vento wind project from Vestas in Brazil, with Vestas set to supply 51 turbines and provide 30 years of operations and maintenance services.
Arcius Energy is set to begin a two-well offshore gas drilling program in Egypt’s Mediterranean waters, supported by the drillship Valaris DS-12 as the country expands exploration in 2026.
PRIO said two more wells at Brazil’s Wahoo field are due online soon as the company keeps its target of 40,000 barrels of oil per day by the end of April. The first well has already stabilized at 12,000 barrels per day.
TotalEnergies will relinquish two U.S. offshore wind leases under agreements with the Department of the Interior and redirect an equal amount of refunded lease fees into U.S. Gas & Power development.
