← 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
Utility-Scale Energy Storage Booms in Texas and California
Major new energy storage projects are being developed in Texas and California, supporting the growth of renewable energy and grid resilience.
Mar 24, 2026
Offshore Drilling and Charging Pilot Projects Advance in Brazil and Europe
Equinor kicks off drilling at a major Brazilian gas project, while a consortium launches an offshore charging pilot in Europe.
Mar 24, 2026
Zero Industrial Strengthens Leadership Team
Zero Industrial, a clean energy developer, has appointed seasoned energy executives to its leadership team to accelerate project execution.
Mar 24, 2026
Germany Secures Permanent Permit for LNG Terminal with FSRU Duo
Germany's private LNG terminal operator Deutsche ReGas has received approval for the permanent operation of an energy terminal in Mukran using two floating storage and regasification units (FSRUs).
Mar 24, 2026
Maritime Industry Roundup: Safer Crates, Battery Supply Chain Boost
This maritime industry news roundup covers new nail-gun-free crate systems for safer assembly, and a partnership to strengthen the U.S. battery materials supply chain.
Mar 24, 2026