Oil rose on Wednesday, with Brent above $40 for the first time since March, as optimism mounted that major producers will extend output cuts and a recovery from the coronavirus pandemic will spur fuel demand.Brent crude futures for August were up 78 cents…
U.S. oil companies are monitoring the first tropical storm of the 2020 Atlantic hurricane season to threaten the offshore oil patch in the U.S.-regulated northern Gulf of Mexico.Royal Dutch Shell Plc, BP Plc, Chevron Corp , Exxon Mobil Corp…
A consortium of the Belgian companies ENGIE Fabricom and Iemants will supply the offshore substation platform for the Hollandse Kust (North) wind farm in the Dutch North Sea, TenneT has informed.A wind farm with a total installed capacity of…
Independent Oil and Gas (IOG) has awarded Proserv a complete subsea controls system contract for IOG’s Core Project Phase 1 development in the UK Southern North Sea.IOG's Core Project Phase 1 comprises the development and production of the Southwark…
Walney Extension Limited, a joint venture owned by Ørsted (50%), PKA (25%) and PFA (25%), and the operator of the Walney Extension offshore wind farm in the UK, has signed an agreement for the sale of its transmission assets to Diamond Transmission Partners Walney Extension…
WFS Technologies (WFS) and Subsea Energy Solutions (SES) have joined forces in the space of condition monitored cable protection systems for the offshore energy industry.The collaboration will see WFS utilize its smart wireless Seatooth technologies…
A consortium of Bouygues, Saipem, and Boskalis has been awarded the contract for design, construction, and installation of 71 concrete Gravity-Based Structures (GBS) which will serve as foundations for the Fécamp offshore wind farm turbines in Normandy…
Offshore accommodation rig provider Prosafe has been given some breathing room by its creditors.The company earlier this month said it had agreed on an extension to the forbearance from the non-payments and defaults with a majority of its lenders across its $1…
After EDF Renewables, Enbridge, and wpd on Tuesday announced the sanctioning of the $2,2 billion Fécamp offshore wind project in France, Siemens Gamesa has confirmed it has received the firm order for the supply of wind turbines for the project…
Miclyn Express Offshore, a Singapore-based offshore vessel provider to the offshore energy industry, has secured contracts for 14 of its crewboats.The company on Monday said that 14 of its crew boats have been contracted for a long term charter 'with a leading E&P company in Thailand for 1…
Offshore wind turbine maker MHI Vestas Offshore Wind has signed a conditional agreement for the delivery of turbines comprising 1,140 MW for an offshore project in the UK, Vestas Wind Systems said Monday.MHI Vestas Offshore Wind, a joint venture…
Norwegian offshore vessel provider Solstad Offshore has appointed Kjetil Ramstad as the CFO position. Ramstad comes from the position as Finance Director in Solstad Offshore and has worked for the company since 2018. Prior to joining Solstad Offshore…
Norwegian offshore engineering company Aker Solutions has said its Chief Financial Officer Ole Martin Grimsrud will resign in September.Aker Solutions said Tuesday that Grimsrud had given notice that 'he will leave the company September 1, 2020…
EDF Renewables, Enbridge, and wpd have announced the launch of a EUR2 billion (USD 2,2 billion) offshore wind farm in France following the finalization of financing agreements between the consortium and its financial partners during the weekend…
Oil prices rose on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected later this week.Brent crude futures rose 0.91%, or 35 cents, to $38.67 a barrel as of 0427 GMT…
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