HydroWing, tidal energy division of Inyanga Marine Energy Group, has signed a binding agreement with PLN’s Subholdings to develop plans for plans for the first tidal current power plant in Indonesia.The 10 MW tidal energy project is planned…
Oil and gas company Energean has lifted the second oil train for its floating production, storage, and offloading (FPSO) unit operating in the Mediterranean Sea, offshore Israel.The post-lift, installation and commissioning activities are expected to take up to six months to complete…
Norwegian subsea services firm Reach Subsea has brought in TotalEnergies to its Reach Remote uncrewed surface vessel (USV) qualification program, which joins Equinor and other industry majors as partner in the pilot program.The pilot project includes a variety of relevant survey…
RWE has launched the SeaMe project in partnership with leading scientists to gain better understanding of the interactions between offshore wind farms and the ecosystem through the use of scientific approach combined with new AI-based and CO2 minimizing monitoring technologies…
UK-based oil firm Serica Energy has slightly decreased its production forecast for 2024, following the outage at its Triton floating production, storage, and offloading (FPSO) unit in the North Sea.Serica Energy plc said the production via…
BP on Tuesday reported a 30% drop in third quarter profit to $2.3 billion, the lowest in almost four years, weighed down by weaker refining margins and oil trading results.The drop in profit from a year earlier was, however, smaller than expected…
TotalEnergies has discovered additional gas condensate resources in the new well at the Harald field in the Danish North Sea, which could start producing through the existing Harald and Tyra facilities before the end of 2024.Located in shallow waters…
Mammoet has been hired by shipbuilder and ship repair company Damen Shiprepair to assist with a jack-up leg repair for the Noble Corporation drilling rig Noble Regina Allen, reducing the downtime of the rig during retrofit process.Initially…
Energy technology company Baker Hughes has signed ‘significant’ contracts with Petrobras to provide flexible pipe systems that will be deployed across several oil and gas fields offshore Brazil.Baker Hughes will provide 77 km of flexible pipe systems…
The European Investment Bank (EIB) and Elia Transmission Belgium (ETB) have signed a $704 million (€650 million) green credit facility agreement, earmarked for the realization of the first phase of the Princess Elisabeth Island project.The Princess…
Offshore drilling contractor Vantage Drilling has listed its shares on Euronext Growth Oslo, a multilateral trading facility operated by Euronext.The company’s shares on Euronext Growth Oslo have been listed since October 28, 2024, under the ticker code VDI…
Portugal's Galp Energia on Monday posted a 22% fall in third-quarter adjusted core profit, hit by lower oil output and a sharp drop in refining margins, but earnings still beat estimates for the period.The energy firm reported adjusted earnings before interest…
Offshore drilling provider Transocean is in talks to merge with rival Seadrill, Bloomberg News reported on Wednesday, citing people familiar with the matter.The companies are discussing the potential structure of the combination, it said.However…
The Energy Ministers of the nine North Sea countries held their annual meeting on Friday in Odense, Denmark, reaffirming their ambition to transform the North Seas into Europe’s “green power plant.”The North Seas Energy Cooperation is the intergovernmental…
Norwegian offshore vessel owner Solstad Offshore has secured multiple contract awards with clients in Brazil for two of its anchor handling tug supply (AHTS) vessels and one construction support vessel (CSV).Solstad’s Normand Topazio and Normand…
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