Offshore wind developers Ørsted and Eversource marked the sailaway of the first U.S.-built offshore wind substation, which departed a Texas fabrication facility Wednesday. The substation is transiting across the Gulf of Mexico and then up the…
Northland Power on Thursday announced the sale of its full 49 percent stake in the Nordseecluster offshore wind portfolio to its partner on the portfolio, RWE Offshore Wind GmbH (RWE). With this, RWE will assume full ownership of the projects for a cash consideration of around 35 million euros…
The offshore substation and jacket foundation, bound for the U.S. offshore wind project Vineyard Wind 1, have left the quay at Bladt Industries’ production site in Southern Denmark, heading for its destination 35 miles from mainland Massachusetts…
Prosafe, an Oslo-listed offshore accommodation rig provider, has appointed Reese McNeel, the current CFO, to interim CEO and CFO effective immediately.The decision follows after Jesper Kragh Andresen, the current CEO, said he would in April…
Chevron has launched a sale process for its oil and gas assets in Congo as the U.S. energy giant continues to focus operations on newer and more profitable production, industry sources said.The Congo assets could fetch up to $1.5 billion, according to two sources close to the process…
Oil output at Kazakhstan's giant Kashagan oilfield fell this month after its operator shut two offshore injection wells on May 20 following the detection of sour gas during routine sampling, the company said on Thursday.The North Caspian Operating…
Oilfield services company Archer said Thursday it had won a five-year contract with Perenco UK Limited in the United Kingdom for the provision of Coiled Tubing and Pumping services.The contract contains two options of one year each and started May 3…
The Australian offshore oil and gas company Carnarvon Energy is nearing completion of the divestment of a portion of its assets in the Bedout Basin, off Australia, with the closing of the transaction targeted for mid-year.Carnarvon Energy in…
Cost inflation has led Norwegian oil and gas companies to increase their investment forecasts for 2023 and 2024, a national statistics office (SSB) survey showed on Thursday. The country's biggest business sector expects to invest 197.8 billion Norwegian crowns ($18…
Russia's Defence Ministry said on Wednesday that the Russian warship Ivan Khurs had been attacked unsuccessfully by three Ukrainian uncrewed speedboats in the Black Sea, on the approaches to the Bosphorus strait.In a statement posted on Telegram…
Denmark-based power cable-making and installation firm NKT said it would invest around one billion euros in its high-voltage power cable business, including a new high-end cable laying vessel, and a new offshore cable production plant in Sweden…
Over 100 members of the U.S. Congress and European Parliament called on Tuesday for Sultan al-Jaber to be removed as the designated head of the upcoming COP28 climate talks, saying the oil exec's appointment threatened the integrity of negotiations…
British power generator and network operator SSE Plc on Wednesday set out plans to invest up to 40 billion pounds ($50.48 billion) this decade on clean energy projects and called on the government to ensure the country remains competitive. Britain…
Norwegian companies TGS and Kongsberg on Wednesday announced a strategic collaboration to jointly develop integrated data and digital solutions for the offshore wind industry. TGS, known for its seismic services in the oil and gas sector, and Kongsberg…
Norwegian oil firm Equinor said Tuesday that a successful capacity test had been performed confirming that the Johan Sverdrup offshore oil field could produce up to 755,000 barrels of oil per day.During a capacity test at Johan Sverdrup, the field reached a record-high production level of 755…