Equinor plans to drill 250 oil and gas exploration wells in Norway by 2035, investing $5.86 billion annually to maintain production levels, as fossil fuel demand continues globally.
Nexans has launched the hull of its cable-laying vessel Nexans Electra at Ulstein Verft, moving the project into the outfitting phase before commissioning, testing and seatrials ahead of its planned 2026 delivery.
GWEC and OWC have urged Japan to reform its offshore wind auction system and establish a public-private forum to accelerate clean energy development and ensure investor confidence.
ECOLOG and DESFA received €169.3 million in EU Innovation Fund support to build Greece’s APOLLOCO2 floating CO₂ liquefaction and storage facility.
POSCO INTERNATIONAL and Equinor signed an MOU to expand collaboration in offshore wind, steel, and LNG, advancing their joint energy transition efforts.
Lloyd’s Register has published the maritime industry’s first structured framework for integrating nuclear technology into commercial shipping and offshore operations.
Nexans appoints Julien Hueber as its new CEO, succeeding Christopher Guérin, as the company accelerates its roadmap in sustainable electrification and global energy transformation.
Maersk Offshore Wind has terminated its $475 million Wind Turbine Installation Vessel (WTIV) construction contract with Singapore’s Seatrium. The move comes as the vessel nears completion, triggering commercial and legal implications for both companies.
Ørsted has raised $9.4 billion through a major rights issue to strengthen its finances after challenges in the U.S. offshore wind sector. The capital will fund Sunrise Wind and support the company’s global renewable energy strategy.
