Genesis Energy LP said it expects to lose as much as $50 million this year due to a battery of storms that hit the U.S. Gulf of Mexico and forced lengthy offshore oil and gas production shut-ins, Chief Executive Grant Sims told investors on Thursday…
Worlds largest offshore wind development company Ørsted has awarded Seiche a contract to ensure marine mammal safety during the construction of the Hornsea Two offshore wind farm in the UK.Seiche, which provides marine technology and environmental…
Crane specialist Liebherr has informed that a key milestone has been achieved with the construction of the Liebherr Heavy Lift Crane 150000-3000 for OHT's Alfa Lift offshore wind turbine foundation installation vessel.Liebherr said Thursday…
Offshore engineering and construction firm McDermott on Thursday announced the second shipment of topside modules for a floating production storage and offloading (FPSO) unit for Japans' Modec.The new shipment comes just weeks after the first…
Shares in Siemens Gamesa rose on Thursday after it confirmed forecasts for a steady rise in margins until 2023, even though a small operating profit in the fourth quarter was not enough to save the wind turbine maker from an annual loss.Beset by a slowdown in the Indian market…
ADM Energy, an AIM-listed oil and gas investing company with interest in the Aje oil field offshore Nigeria, has appointed Lionel Therond as its Chief Financial Officer.West Africa-focused ADM said this week that Therond had 35 years' experience in the oil & gas sector and investment banking…
Australian oil and gas company Santos has executed documentation to enter into a new US$750 million syndicated bank loan, to refinance existing debt facility established for the acquisition of ConocoPhillips’ northern Australian and Timor-Leste assets…
The last of 13 topside modules has been lifted and installed aboard Eni's Mozambique-bound Coral-Sul FLNG facility, being built by Samsung Heavy Industries in South Korea.The lifting of the module marks the end of the onshore-modules fabrication…
Oil and gas company Petrogas E&P Netherlands has hired Maersk Drilling's jack-up rig Maersk Resilient to drill three wells in the Dutch sector of the North Sea. The 110-day contract for the harsh-environment drilling unit is expected to start…
The Scottish Government plans to increase offshore wind capacity to 11 gigawatts (GW) of energy installed by 2030 – which is, as the government has said, enough to power more than eight million homes.Currently, Scotland, with a population of around 5…
Tamarind Resources said Tuesday it had acquired the Rubicon Intrepid FPSO from the owner Rubicon. The Rubicon Intrepid, converted into an FPSO from a shuttle tanker in 2007/2008, has been operating at the Galoc field offshore the Philippines at SC14C…
Oil futures prices have started to signal OPEC+ may have to do more to offset a second wave of coronavirus and a renewed economic slowdown.Between mid-September and mid-October, Brent’s six-month calendar spread had been tightening, a signal…
Subsea Expo - a UK-based event focused on subsea engineering - has been postponed due to the current coronavirus-imposed restrictions.Subsea UK, the organizer of the event said Wednesday that the three-day conference and exhibition, along with the annual Subsea Awards dinner…
Norway's IKM Group said Wednesday it has acquired 100% shares in the Norwegian offshore oil and gas consultancy Acona.Acona provides services within Well Management and Engineering, Environmental & HSEQ&Risk Services, Field Development, and Consultancy Services…
Total is seeking to sell stakes in a number of Angolan oilfields, in what is seen as an early sign of an expected wave of divestments by big energy companies from the West African country, industry sources said.Total could raise around $300…
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