British oil major BP has no plans to scale down its oil and gas business in Azerbaijan amid global plans to rebalance its portfolio towards renewables, Bakhtiyar Aslanbayli, BP's vice president for Azerbaijan, Georgia, and Turkey, said.Sources…
UK-based energy consultancy Xodus Group has launched a three-year study on the costs around floating offshore wind with the aim of helping developers make their projects attractive to investors.The collaborative research project, led by Xodus through the IDCORE program…
The CrossWind consortium, a Shell-Eneco JV, which recently won a tender to develop the Hollandse Kust (noord) offshore wind farm in the Netherlands, has tapped Fugro for site survey work.As part of the contract, Fugro will deliver a comprehensive…
Offshore energy consultancy AqualisBraemar will oversee the construction of two self-elevating wind turbine installation vessels in China.The jack-up units will be constructed at Chinese shipyard Dayang Offshore Equipment. The vessels will be built for OuYang Offshore Co…
RWE aims to sell a minority stake in British offshore wind farm Humber Gateway, as the German utility seeks to release cash for expansion in renewable energy, two people familiar with the matter said.Morgan Stanley plans to launch the deal, which could value the asset at more than 1…
Oil and gas company Wintershall DEA has said that the four-well drilling campaign has been completed on the Dvalin field in the Norwegian Sea, moving the project into the final development phase before first gas.Dvalin is a subsea tieback in…
Brazilian oil company Petrobras is looking to sell at least half of its stake in a 698 square-kilometer pre-salt block in the Santos Basin offshore Brazil.Petrobras launched a teaser on Monday for the sale of 50% to 100% of its stake in the concession name BM-S-51…
OPEC on Wednesday said world oil demand will fall more steeply in 2020 due to the coronavirus pandemic and said next year's recovery faces large uncertainties, pointing to growing headwinds for the group and its allies in supporting the market…
Danish wind farm developer Orsted is exploring opportunities to sell parts of its Borssele 1 and Borssele 2 offshore wind farms in the Netherlands, CEO Henrik Poulsen said in a call with investors on Wednesday.'We are exploring the potential…
Oslo-listed offshore vessel owner DOF has through its subsidiary DOF Rederi sold two offshore vessels.DOF said Wednesday it had sold the 2002-built anchor handler Skandi Giant. The AHTS unit has been sold to an unnamed international buyer for an undisclosed fee…
Oilfield services sector is set to reach the lowest total workforce count in over 10 years, as a consequence of the COVID-19 pandemic, low oil prices, and cuts in spending by the oil companies.'The oil market turmoil brought on by Covid-19 has…
Heerema Marine Contractors' giant semi-submersible crane vessel Sleipnir has broken its recently set heavy lifting record with the removal of Shell's 10100 mT Brent Alpha jacket in the UK North Sea.'This single jacket lift breaks Sleipnir’s recent record for lifting the 8100 mT Jotun-B jacket…
Denmark's Orsted on Wednesday beat second-quarter operating profit expectations but said lockdown measures had hurt demand for its electricity.The world's largest operator of offshore wind farms said operations had remained stable during the…
Solstad Offshore's construction support vessel Normand Baltic has won an offshore wind gig in Taiwan.The Norwegian offshore vessel owner said Wednesday the contract for the use of the 2010-built Normand Baltic was with undisclosed EPIC contractor…
Danish offshore construction company Bladt has appointed Anders Søe-Jensen, the former head of both Vestas Offshore Wind and GE Offshore Wind, as its new CEO.He will be succeeding Klaus Steen Mortensen who has decided to step down due to a chronic but not a life-threatening heart condition…