Company is working to develop a modular subsea hydroelectric storage system.
Ørsted has agreed to transfer 12.4% stakes in four operational UK North Sea wind farms to Brookfield, its institutional partners, and affiliate Brookfield Renewable for £1.745 billion ($2.27 billion).
DOF Group has concluded the acquisition of Denmark-based Maersk Supply Service, which will be renamed to DOF Denmark.
The latest company news and personnel moves from the offshore industry
Ørsted has contracted Seaway7 to transport and install inter-array cables for the Hornsea 3 offshore wind development in the UK southern North Sea.
The SeaRose FPSO is sailing west to the White Rose field offshore Newfoundland following the completion of life extension work at the Harland & Wolff dry dock in Belfast.
Production has started through the FPSO Marechal Duque de Caxias, the third permanent platform on the Mero field in the presalt Santos Basin offshore Brazil.
PTTEP will drill at least eight explorations wells offshore southeast Asia over the next two years, the company said in a results statement.
bp has successfully completed its first pressure coring sampling operation in the Azeri-Chirag-Gunashli (ACG) field in the Azerbaijani sector of the Caspian Sea.
Britain’s Chancellor Rachel Reeves has raised the Energy Profits Levy on North Sea oil and gas producers to 38% in her first budget for the Labor government.
