Italy's Saipem risks becoming a casualty of the transition to cleaner energy after a shock profit warning left leading shareholders scrambling to shore up the finances of the energy services company.The Saipem board met on Tuesday to discuss the situation…
Oil and Gas UK (OGUK), a UK-based offshore oil and gas industry association, is changing its name to Offshore Energies UK, to reflect its expansion into low-carbon offshore energy technologies that its members are developing, including offshore wind…
Offshore drilling contractor Odfjell Drilling has informed that its Deepsea Stavanger semi-submersible drilling rig has started its contract with the Norwegian oil firm Equinor.The contract was first announced in May 2021, when it was shared…
A cargo ship was cast adrift by storm Corrie on Monday in the Dutch North Sea, in the area where grid operator TenneT is building two transformer platforms (Hollandse Kust Zuid Alpha and Beta) for the connection of the offshore wind farm Hollandse Kust Zuid that is being built by Vattenfall…
Exxon Mobil Corp on Tuesday reported a fourth-quarter profit of $8.87 billion, its largest in seven years, as the top U.S. oil producer benefited from strong energy prices.The company slashed spending after fuel demand cratered two years ago and…
Peru Environment Minister Ruben Ramirez said on Monday the government will temporarily suspend Repsol's offshore oil unloading operations following a spill of over 10,000 barrels that has caused widespread environmental damage.Ramirez said the…
Maritime classification society American Bureau of Shipping (ABS) and Nakilat - Keppel Offshore & Marine Ltd. (N-KOM) have teamed up to examine how techniques developed by ABS for its program of remote survey of vessels in service can be applied to surveys and inspections in the shipyard…
Offshore installation contractor McDermott International has appointed Michael McKelvy as President and Chief Executive Officer, effective immediately. He will also serve as a member of McDermott's Board of Directors. Lee McIntire, who has been serving as interim CEO since June 2021…
Offshore wind installation company Eneti said Tuesday it has terminated talks with a shipyard in the United States to build a Jones Act-compliant Wind Turbine Installation Vessel. Eneti in May 2021 ordered a $330 million Wind Turbine Installation…
Advanced nuclear energy technology company Core Power is working on a concept for an offshore facility that combines advanced nuclear power with an offshore ammonia production facility, which would enable affordable production of green ammonia for shipping…
TotalEnergies CEO Patrick Pouyanne said on Monday the French firm aimed to restart a $20 billion liquefied natural gas (LNG) project in the north of Mozambique that was halted by an insurgent group with links to Islamic State almost a year ago…
Offshore wind developer Ørsted has appointed Ingrid Reumert as the new Senior Vice President of Group Stakeholder Relations. Reumert comes from a similar position as Vice President of Global External Relations & Sustainability at VELUX.Mads Nipper…
Dutch marine installation services firm Van Oord has recently deployed iXblue's new LBL subsea positioning solution to conduct the installation of 190 offshore wind farm piles in the Bay of Saint-Brieuc, France.'Already used on major Oil&Gas and Renewables projects…
Offshore drilling contractor Stena Drilling has signed a contract with Petrofac for the hire of its Stena Don semi-submersible drilling rig.The Stena Don has been hired for a one-firm well campaign on Tailwind Energy's Gannet E field in the UK Continental Shelf…
Shares in Italian energy services group Saipem slid to their lowest level in three decades after a shock profit warning left leading shareholders scrambling to find a way to bolster the company's finances.At 1045 GMT the shares were down 4%…
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