Britain's SSE has not made a decision to break itself up, the renewable power and networks group said on Monday, after a newspaper report said it was close to splitting up following months of pressure from U.S. activist investor Elliott.The…
Deep in the Oman desert lies one of BP's more lucrative projects, a mass of steel pipes and cooling towers that showcases the British energy giant's pioneering natural gas extraction technology.The facility earned BP Plc more than $650 million in profits in 2019…
Danish wind turbine maker Vestas said Monday it would cease production at its factories in Lauchhammer, Germany; Viveiro, Spain and Esbjerg, Denmark, where it employs 650 people in total.In Germany, Vestas’ factory in Lauchhammer, which scaled-down activities two years ago…
Norwegian oil and gas firm Equinor has said it has, with its partners, received permission to increase gas exports from two offshore fields in Norway to supply the tight European market.Production permits for the Oseberg and Troll fields have…
Offshore drilling firm Japan Drilling Company said last week that its jack-up drilling rig Hakuryu-11 had reached a safety milestone.Namely, the rig has managed to achieve a three-year milestone of No Recordable Incident Record - for the September 14…
Malaysian offshore services firm Handal Energy has recently secured a contract from Tanjung Offshore Services for the provision of portable crane equipment and services package.Handal said Friday that it had reached a contract agreement with TOS April 27…
Shipbuilder Strategic Marine has unveiled its new Aluminium 42m Gen 4 Fast Crew Boat (FCB) design. According to the company, the vessel comes with an efficient new hull form and Z-bow which improves seakeeping, requires less power for the same speed and deadweight (DWT)…
Karoon Energy sees strong growth prospects in Brazil, where it started producing oil last year, working to more than double output by 2023 and considering two options to develop another field by mid-decade, its chief executive said on Monday…
Oil and gas company BP has chartered Prosafe's offshore accommodation rig Safe Zephyrus for work in the UK North Sea.The Safe Zephyrus, with beds for 450 persons, in single-man cabins, will provide gangway-connected operations to support the…
Shell has completed the geophysical site survey over the planned Pensacola exploration well location on Licence P2252 in the Southern North Sea, off the UK, Shell's partner Deltic Energy said Monday.The survey was conducted by Fugro. Data collection…
Jack-up drilling rig contractor Shelf Drilling has secured a three-year drilling contract with India's ONGC for the Parameswara jack-up rig.The contract is for operation in the Mumbai High area, offshore India's west coast. The planned start-up of operations is Q1 2022…
Germany-based food retailer REWE has signed a 10-year power purchase agreement with Ørsted to procure 100 MW of electricity from Ørsted’s Borkum Riffgrund 3 offshore wind farm which is set to become operational in 2025.The deal marks REWE Group’s…
U.S. energy firms this week added oil and natural gas rigs for a second week in a row although the number of offshore units in the Gulf of Mexico remained unchanged after Hurricane Ida slammed into the coast over two weeks ago.Fourteen offshore…
Offshore seismic data company ION Geophysical has this week said its Board of Directors has started a process to evaluate a range of strategic alternatives to strengthen its financial position and maximize stakeholder value 'as the company continues…
RWE Renewables has pre-qualified as a bidder for the upcoming French tender for a commercial floating offshore wind project off the coast of South Brittany with a capacity of up to 270 megawatts (MW). RWE said Thursday it was looking forward…
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