← Back to Newsenergy
Offshore Energy Solutions Expand in North Sea and Texas
By MGN Editorial•March 24, 2026 at 04:05 PM
A roundup of recent news on offshore energy projects, including a new subsea crane contract, an FPSO deal, and a large-scale energy storage project financing.
## Subsea Crane Contract for European Shipowner
Norway-based advanced lifting solutions provider Red Rock has secured a contract to supply subsea cranes to a European shipowner, expanding its presence in the offshore energy market. According to Offshore Energy, the deal will see Red Rock deliver its subsea crane technology to support the shipowner's operations in the North Sea.
'This contract marks an important milestone for Red Rock as we continue to grow our footprint in the subsea crane market,' said Red Rock's CEO. 'Our innovative solutions are well-suited to meet the demanding requirements of offshore energy projects, and we look forward to working closely with this customer to deliver a successful project.'
## New North Sea FPSO Contract for EnerMech
Integrated solutions specialist EnerMech has won a new multi-year contract with Malaysia's Bumi Armada for a floating production, storage, and offloading (FPSO) vessel operating in the UK North Sea. According to Offshore Energy, the deal will see EnerMech provide a range of services including mechanical, electrical, and instrumentation support.
'This contract award is a testament to EnerMech's strong track record in the North Sea FPSO market,' said EnerMech's regional director. 'We are pleased to continue our long-standing relationship with Bumi Armada and look forward to supporting the safe and efficient operation of this critical offshore asset.'
## $139.6M Financing for Texas Energy Storage Project
esVolta, a leading developer of utility-scale battery energy storage projects, has secured $139.6 million in financing for its 300 MWh Boxcar energy storage project in Texas, according to a press release. Once operational, the project will bring esVolta's total ERCOT energy storage portfolio to nearly 1.6 GWh.
'This financing milestone represents another step forward in esVolta's mission to accelerate the transition to a carbon-free energy future,' said esVolta's CEO. 'The Boxcar project will play a key role in supporting grid reliability and integrating renewable energy sources in the ERCOT market.'
The Boxcar project is expected to be one of the largest battery energy storage facilities in Texas upon completion.
#offshore energy#subsea cranes#fpso#energy storage#texas
Related Articles
Shell Pledges $5 Million in Humanitarian Aid Following Devastating Venezuela Earthquakes
Shell has announced a $5 million humanitarian aid contribution in response to a series of devastating earthquakes that struck Venezuela, expressing solidarity with affected communities and families.
Jun 27, 2026
Aegea Saneamento Secures R$1.7 Billion in Long-Term Financing to Support Infrastructure Investment
Brazilian sanitation company Aegea Saneamento has announced R$1.7 billion in new long-term financing, aimed at diversifying its funding base and extending its debt maturity profile to underpin its broader infrastructure investment plan.
Jun 27, 2026
Maritime Industry Briefing: Limited Sector News as Energy Infrastructure Investment Narrative Dominates Wire Services
A quiet period for dedicated maritime news flow sees wire services dominated by broader energy and technology infrastructure investment commentary, with limited vessel, port, or shipping market developments crossing the wires.
Jun 26, 2026
Maritime Industry Briefing: Limited Relevant Shipping News in Latest Feed Cycle
This edition's RSS feed cycle returned minimal maritime-specific content, with the sole item relating to broadband powerline communication technology validated for smart metering applications in electrical distribution networks.
Jun 26, 2026
Valvoline Expands Middle East Footprint with New Saudi Arabia Joint Venture
Valvoline Global Operations has established Valvoline Arabia Lubricants Company in Saudi Arabia, marking a significant step in the firm's international growth strategy and its push to strengthen lubricant supply chains serving the region's maritime and industrial sectors.
Jun 26, 2026