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…
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…
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…
Chevron agreed to buy U.S. rival Hess for $53 billion in stock in a deal that reflects top U.S. energy companies drive for oil and gas assets in a world seeking lower-risk future fossil supplies and higher shareholder returns. The proposed deal amps up competition between Chevron…
The sailaway ceremony for the Tango floating liquefied natural gas (FLNG) unit and Excalibur floating storage unit (FSU) was held Saturday to mark the vessels' sail away from Dubai to Congo, where they will serve Eni's Congo LNG project, whose first phase will start in December 2023…
UK-based offshore energy supply chain company Balmoral has launched its HexDefence product designed for jacket foundations, designed to significantly mitigate jacket foundation scouring around fixed wind turbines.'This revolutionary solution…
The largest oilfield service firm, SLB, is planning a quick return to Venezuela's oilfields following the broad relaxation of U.S. sanctions on the country's oil industry, its chief executive said on Friday.The U.S. on Wednesday lifted most…
The U.S. Bureau of Ocean Energy Management (BOEM) on Thursday identified a Draft Wind Energy Area (WEA) in the Gulf of Maine, opening a 30-day public review and comment period. The Draft WEA covers approximately 3,519,067 acres offshore Maine…