Singapore's Keppel Offshore & Marine, a company famous for its offshore rig construction, is set to undergo a major transformation, look for opportunities as a developer and integrator of offshore energy and infrastructure assets, and exit the offshore rig building business…
President Joe Biden on Wednesday signed a new raft of executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies, as he pursues green policies he billed as a boon for job creation…
Swedish independent oil company Lundin Energy raised its output forecast on Thursday and reported stronger than expected fourth-quarter earnings as Norway's largest oilfield Johan Sverdrup ramped up production.Lundin expects to achieve carbon neutrality for operational CO2 emissions from 2025…
Three consortia including Asian shipyards are preparing to compete to build Brazil’s Petrobras’ first two in-house platforms in more than seven years, according to four people familiar with the tender who declined to be named as the information is private…
Norwegian oil and gas firm Equinor has awarded contracts to Subsea 7 and Aibel in support of the realization of the Northern Lights carbon capture project in Norway.The Northern Lights project is part of the Norwegian full-scale carbon capture and storage (CCS) project “Langskip” (Longship)…
Dutch shipbuilder Damen's new Fast Crew Supplier (FCS) 7011, which will be able to carry 122 people in a single trip, hit the water earlier this month at Damen Shipyards Antalya, Turkey. The vessel, which Damen has dubbed 'as a quantum leap forward in marine access solutions…
Offshore wind developer Vattenfall has informed that the first wind turbine has been installed at its Kriegers Flak offshore wind farm in the Danish sector of the Baltic Sea.'On 27 January, the tower, nacelle, and blades were installed for the…
President Joe Biden was set on Wednesday to sign executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies as he pursues green policies in stark contrast to those of his predecessor Donald Trump…
Norwegian offshore drilling contractor Odfjell Drilling will retrofit two of its deepwater, semi-submersible drilling rigs with the Siemens Energy BlueDrive DC-Grid system, with the aim to reduce emissions.The Siemens Energy BlueDrive DC-Grid…
Great Lakes Dredge & Dock, a U.S.-based dredging services giant, on Wednesday announced the appointment of industry veteran Eleni Beyko as senior vice president offshore wind – a strategic growth area for the company. Beyko, who started on Jan…
The UK floating offshore wind could reach “subsidy-free” levels by the early 2030s, according to a study completed by the ORE Catapult’s Floating Offshore Wind Centre of Excellence (FOW CoE).The study titled: 'The Floating Offshore Wind: Cost…
Inpex Corp, Japan's biggest oil and gas producer, said on Wednesday it is targeting net-zero carbon emissions by 2050 through the expansion of renewable and hydrogen energy as well as the use of carbon capture technology.The move comes after…
A study published Wednesday by the Belgian hydrogen import coalition – a collaboration between DEME, ENGIE, Exmar, Fluxys, Port of Antwerp, Port of Zeebrugge, and WaterstofNet – has found that importing green hydrogen from abroad is is both…
Papua New Guinea-focused Oil Search Ltd said on Wednesday it expects 2021 to be another challenging year and forecast lower annual output due to planned maintenance activity at the PNG liquefied natural gas (LNG) plant.The Australia-listed company said it expects annual production of between 25…
Brazil's state-run oil company Petrobras ended 2020 with proven reserves of oil, condensate, and natural gas of 8.816 billion barrels, it said in a securities filing on Tuesday, down about 8% from the previous year.The company said its replacement rate was 29% of last year's production…