← Back to News
energy

Offshore Energy Solutions Expand in North Sea and Texas

By MGN EditorialMarch 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

U.S. Escalates Iran Pressure Through Maritime Blockade and Financial Sanctions, Straining Global Oil Markets

The United States intensified its campaign against Iran with coordinated maritime and financial sanctions, including a naval blockade that has forced crude oil into floating storage and boosted energy company profits. The move underscores escalating geopolitical risks to global shipping.

May 2, 2026

Offshore Energy Sector Advances on Infrastructure and Supply Fronts

From offshore wind cable installations to exploration investments and safety compliance, the offshore energy industry is moving forward on multiple fronts to address long-term supply challenges and infrastructure needs.

May 2, 2026

Offshore Energy Sector Gains Momentum with Major Contract Awards and Regulatory Approvals

The offshore oil and gas industry is experiencing renewed activity, with major contract awards for subsea engineering projects, expanded services, and regulatory approvals across key producing regions including Angola, Australia, and the North Sea.

May 2, 2026

Eneos Returns to Malaysian LNG Project in Strategic Energy Partnership with Petronas

Japan's Eneos Group has rejoined a significant Malaysian offshore LNG project through subsidiary Eneos Explora, strengthening energy ties with state-owned Petronas and bolstering liquefied natural gas supplies from Southeast Asian waters.

Apr 30, 2026

Expand Energy Secures 20-Year LNG Supply Agreement with Delfin FLNG 1

U.S. natural gas producer Expand Energy has committed to a two-decade liquefied natural gas offtake agreement with Delfin FLNG 1, a floating LNG project planned for Louisiana operations.

Apr 30, 2026