Halliburton reported a 32% rise in third-quarter profit on Tuesday as higher international drilling and equipment demand helped overcome weakness in North America.Oil and gas companies, who rely on service providers for drilling, well construction…
Eneti, a company providing offshore wind installation vessel services, said Tuesday its subsidiary Seajacks had signed a contract with an undisclosed client to transport and install wind turbines.With mobilization starting in the second quarter of 2027…
Oil and gas engineering services firm Plexus Holdings said Tuesday it had won a contract award for Exact and Centric equipment for a North Sea Plug and Abandonment ('P&A') project secured through its licensor SLB (ex-Schlumberger) for an unnamed 'leading North Sea operator…
Oslo-listed Vår Energi, which is majority-owned by Italy's Eni, on Tuesday posted a 33% drop in third-quarter operating profit on weaker energy prices, missing forecasts, while raising its end-2025 production guidance.Earnings before interest…
Norway's $1.4 trillion wealth fund, the world's largest, remains committed to investing in offshore wind, a top official said on Tuesday, despite a wave of cancellations of projects due to inflation, supply chain disruptions, and rising costs…
Chinese national offshore oil and gas major CNOOC Ltd, on Tuesday posted an 8.13% fall in third quarter profit on lower realised oil prices despite higher output.Net profit fell to 33.88 billion yuan ($4.64 billion), CNOOC said in a filing to the Hong Kong Stock Exchange…
Abu Dhabi's Masdar is set to buy a 49% stake in Spanish utility Iberdrola's largest offshore wind project off Scotland's coast, known as East Anglia 3, Spanish newspaper Cinco Dias reported on Tuesday, citing unidentified market sources.The acquisition will be worth around 2 billion euros ($2…
Australia said on Tuesday it was reviewing an emergency application by an indigenous group seeking to block pipeline construction on Santos Ltd's $3.6-billion Barossa gas project off northern Australia.Six indigenous elders on the Tiwi Islands…
A consortium between Denmark's Semco Maritime and Vietnam's PTSC Mechanical & Construction (PTSC M&C), has won an engineering, procurement, and construction (EPC) contract for a 500 MW offshore wind farm substation project.The project is part of the Feng Miao offshore wind farm…
Italian offshore energy industry services firm Saipem said Tuesday it had completed installation works for the Neart na Gaoithe (NnG) offshore wind farm, located in the North Sea, 15.5km off the east coast of Scotland.Once operational, the 450…
Equinor, the Norwegian oil and gas company, has finalized the drilling of the wildcat well 6307/1-2, located 36 kilometers to the south of the Njord field in the Norwegian Sea. The well has been confirmed as dry.This is the first well drilled in the production licence 1058…
Italy will on Monday approve a decree setting aside 420 million euros ($445 million) through 2026 to build a strategic hub for floating wind power, a draft showed, while also cutting red tape for onshore liquefied natural gas (LNG) terminals…
The Kremlin said on Monday that any threats made against Russia were 'unacceptable' after Latvia's president said NATO should shut the Baltic Sea to shipping if Moscow were found responsible for damage to a gas pipeline between Finland and Estonia…
Oilfield services firm Petrofac has secured a new multi-million-pound deal with Saipem to support the decommissioning of a platform in the UK sector of the North Sea. Under the terms of the contract, the companies will work as an integrated team to prepare and remove the 20…
Italian power and telecom cable-making and installation services firm Prysmian Group said Monday it had completed the installation and HV testing activities at Vineyard Wind 1, the first commercial-scale offshore wind farm in the US. Located more than 15 miles off the coast of Massachusetts…