Volatility in crude oil prices in recent months has made an impact on the offshore development. To learn about the causes of this market volatility, as well as the outlook for the offshore market in the coming months, watch this update from Christian Waldegrave, Teekay Market Analyst.
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The Norwegian Ministry of Energy has awarded 53 new production licenses on its continental shelf as part of its annual APA 2024 licensing round, reinforcing the country’s commitment to maintaining...
Shell has announced the successful startup of its newest floating production facility, Whale, in the deepwater Gulf of Mexico, marking a significant advancement in offshore energy production. The state-of-the-art facility,...
Van Oord has taken delivery of its groundbreaking offshore installation vessel Boreas during a ceremony at China’s Yantai CIMC Raffles shipyard. The methanol-powered vessel represents a significant leap forward in...
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