U.S. oil major Chevron Corp swung to an $11 million fourth-quarter loss as low margins on fuel, acquisition costs and foreign currency effects overwhelmed improved drilling results.Oil companies are expected to benefit from a bounce-back in oil and…
BP's giant Argos offshore platform, to be used for the Mad Dog 2 development in the Gulf of Mexico, was this week loaded on Boskalis' BOKA Vanguard vessel in South Korea and is preparing set sail for the U.S.According to Boskalis, the Dutch marine services contractor…
Oil major Shell has this week signed an agreement to join a floating wind project in the Celtic Sea, offshore Ireland.The agreement, signed with Irish developer Simply Blue Energy, will see Shell acquire a 51% share of their Simply Blue Energy Kinsale venture…
Scotland-based wave energy technology company developer Mocean Energy is gearing up to deploy its scale prototype, Blue X wave energy converter at the European Marine Energy Centre (EMEC) in Orkney, Scotland.Mocean Energy has signed a berth agreement to test at EMEC’s Scapa Flow test site…
Scottish regional development agency, Highlands and Islands Enterprise (HIE), has approved an investment of up to £8.3m in Scottish Government funding for an £18.9m project to develop the East Quay at Global Energy Group's Port of Nigg facility…
U.S. President Joe Biden's nominee for energy secretary, Jennifer Granholm, defended his administration's push for a clean energy transition as senators from fossil fuel producing states raised concerns about its impact on jobs at her Senate confirmation hearing on Wednesday…
Oslo-listed company Magnora has said it has teamed up with an unnamed global offshore energy technology and service company to establish a joint floating wind company called Magnora Floating Wind. Magnora, formed a few years ago after oil rig…
Norwegian offshore vessel operator Eidesvik Offshore has secured a time charter contract with the Norwegian oil firm Aker BP.The contract is for the 2012-built, LNG-powered platform supply vessel Viking Prince.Eidesvik said that the contract for the 89…
Norwegian oil and gas company Equinor has decided to write down the book value of its Tanzania LNG project (TLNG) on the company’s balance sheet by $982 million. The company said Friday that while progress has been made in recent years on the commercial framework for TLNG…
Republican senators from oil-producing states introduced legislation on Thursday that would block the Biden administration's order pausing new oil and gas leasing on federal lands.The bill, introduced by Senator Bill Cassidy of Louisiana and 24 other senators…
National Ocean Industries Association (NOIA), a U.S. association representing interests of the offshore energy industry, has slammed U.S. President Joe Biden's executive order which put on hold new oil and natural gas leases on public lands or offshore waters…
Prysmian, one of Europe's largest power cable manufacturers, has hired Tekmar Energy to provide a cable protection system to be deployed at the Neart na Gaoithe (NnG) offshore wind farm in the UK.The 450MW NnG project, jointly owned by EDF Renewables and ESB…
The Renewables Consulting Group (RCG), a sector specialist advisory firm, continues its expansion into Japan ahead of the country’s expected offshore wind industry growth. With this in mind, the company has this week appointed Hideto Seto as Associate Director…
Offshore catering specialist Aramark Offshore has said it has secured a new five-year contract with the oil major Total.The company will provide services across six offshore platforms in the United Kingdom Continental Shelf.The five-year deal…
Canada's Cenovus Energy Inc on Thursday forecast higher production and spending for 2021 after its blockbuster purchase of rival Husky Energy, expecting to benefit from a rebound in fuel demand from a slump caused by the COVID-19 pandemic.Cenovus…
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