The Business Network for Offshore Wind congratulates Mayflower Wind on submitting the winning bid for the second Massachusetts offshore wind energy solicitation, joining Vineyard Wind 1 as an approved wind farm in the state.

Hydroid, Inc., a subsidiary of Kongsberg Maritime and a leading manufacturer of marine robotic systems, has announced its integration of the Seaglider® Autonomous Underwater Vehicle (AUV) Division into its organization.

The world’s largest floating wind power plant will be installed in Norway, equipped with 11 Siemens Gamesa SG 8.0-167 DD turbines. Scheduled to be commissioned in late 2022, Hywind Tampen will be the first ever floating wind power plant to power offshore oil and gas platforms.

MOL has signed an agreement with Chevron Global Ventures Ltd and Chevron BTC Pipeline, Ltd to acquire their non-operated E&P and mid-stream interests in Azerbaijan, including a 9.57% stake in the Azeri-Chirag-Gunashli (“ACG”) oil field, and an effective 8.9% stake in the Baku-Tbilisi-Ceyhan (“BTC”) pipeline that transports the crude to the Mediterranean port of Ceyhan, for total consideration of USD 1.57bn (subject to adjustments at closing).

Global environmental monitoring experts Ocean Scientific International Ltd (OSIL) produce oil spill monitoring solutions for remote areas for both aquatic and terrestrial applications where there is a concern over the potential for exposure to hydrocarbons.

Greensea, creator of OPENSEA®, the universal open software architecture for the marine industry, recently added three key personnel to its team to address current and future growth and to support its core business strategies. Positions have been created to support existing needs in business development, finance, and program management.

Schlumberger has announced an award to OneSubsea® by A/S Norske Shell of a frame agreement for an engineering, procurement, construction and installation (EPCI) contract for the supply of a subsea multiphase compression system for the Ormen Lange Field in the Norwegian Sea.

Fugro has taken notice of a press release from HC2 Holdings, Inc., (HC2) in which it announces the sale by Global Marine Group (GMG) of its stake in Huawei Marine Networks (HMN). Through its ownership of 23.6% in GMG, Fugro will be able to monetize part of its non-core interest in GMG.

Aberdeen-based subsea 3d scanning specialists Viewport3 is entering the decom market after securing two pre-removal scanning contracts with a combined value of £100k.

Heerema Marine Contractors will provide its crane vessels with clean energy.

Hess Corporation has made an oil discovery at the Esox-1 exploration well located in Mississippi Canyon Block No. 726 in the deepwater Gulf of Mexico.

Around $90 billion will be spent on construction and conversion of floating production systems over the next five years. This forecast, just completed by World Energy Reports, reflects the strong underlying market drivers supporting future investment activity in the deepwater sector.

Seadrill Limited (“Seadrill”) has secured a two-year contract with Petroleo Brasileiro S.A. (“Petrobras”) for the West Tellus in Brazil.

Subsea 7 S.A. has been awarded a sizeable⁽¹⁾ contract for Seaway 7 by Jan de Nul for the Formosa 2 Offshore Wind Farm project in Taiwan.

At the World Ocean Council (WOC) Sustainable Ocean Summit (SOS) 2019 (20-22 November, Paris), the “Sustainable Blue Economy Finance Principles” workshop will explore actions for the finance sector to accelerate uptake of finance-related policies, practices, financial instruments, opportunities and initiatives to advance a Sustainable Blue Economy.

Exxon Mobil Corporation had announced estimate third quarter 2019 earnings of $3.2 billion, or $0.75 per share assuming dilution. Earnings included a favorable tax-related identified item of about $300million, or $0.07per share assuming dilution. Capital and exploration expenditures were $7.7 billion, including key investments in the Permian Basin.