EU sanctions on Russia’s petroleum exports and easing lockdowns in China have encouraged portfolio investors to become more bullish on oil prices despite the steadily darkening outlook for the major economies.Hedge funds and other money managers…
A first-of-its-kind crew transfer vessel (CTV) has been launched by U.K. shipbuilder Diverse Marine for offshore crew transfer specialist Seacat Services.The multihull newbuild, Seacat Columbia, is the first BARTech30 CTV designed by BAR Technologies in partnership with Chartwell Marine…
Norwegian oil firms and employees have agreed in principle a new wage deal, avoiding for now a strike at nine fields that could have hit the country's petroleum output, employers and unions said on Sunday.Two of the three unions that negotiated…
PSG Marine & Logistics Ltd and Sarens have recently formed a joint venture offering services to the offshore wind and renewables sector across Scotland.Sarens specializes in crane rental services, heavy lifting, and engineered transport. PSG Marine & Logistics Ltd…
Norway's petroleum output could be reduced by unspecified amount if workers go on strike at nine offshore fields on Sunday, the Norwegian Oil and Gas Association (NOG) said on Friday.Some 845 workers out of roughly 7,500 employees on offshore…
Allseas giant Pioneering Spirit offshore construction ship is back in Stord, Norway, to deliver several decommissioned platform facilities removed from the Aker BP's Valhall field complex, located in the North Sea offshore Norway. The facilities will be recycled…
Scottish Secretary Alister Jack on Wednesday visited Teesside Freeport in Middlesbrough, with just over a week to go before bidding closes on the competition for the two Scottish Green FreeportsUK Freeports are special areas where different economic regulations apply…
The European Commission has proposed a deal to EU member states with Egypt and Israel to boost imports of natural gas from the eastern Mediterranean, according to a draft document seen by Reuters dated June 7.The draft memorandum of understanding…
Aberdeen Renewable Energy Group (AREG) said Thursday it would launch its first Energy Futures Conference and Exhibition on November 15, 2022, focused on latest technology developments and the fast pace of change required to reach net zero.According to AREG…
Italy's Eni and Norway's HitecVision completed the sale of a 5% stake in Norwegian oil firm Vår Energi worth $530 million, the Italian energy group said on Thursday.Vår Energi, whose shares dropped 9% in morning trade, listed in February and…
Subsea services company DeepOcean has chartered Volstad Maritime's M/S Volantis subsea construction vessel, which will, before starting the charter in 2023, be upgraded with batteries to reduce fuel consumption and emissions.The time charter…
Fairfield Energy on Wednesday announced the end of an era with the removal of the topsides from Dunlin Alpha platform in the UK North Sea, the latest milestone in the decommissioning of the four fields which make up the Greater Dunlin Area.Following…
Shipbuilder Manor Marine UK Ltd. announced it has signed an agreement with naval architecture firm Chartwell Marine Ltd. to jointly develop vessel designs and pursue shipbuilding contracts in the offshore wind industry.The U.K.-based companies…
Norwegian prime minister Jonas Gahr Støre on Tuesday visited Wergeland Base in Gulen in Vestland County, Norway, to see the construction of floating wind turbines for the Hywind Tampen floating wind farm - the world's largest of the type.'Four…
EIG Global Energy Partners is in early discussions with Repsol to buy a slice of the Spanish company's oil and gas exploration and production business, three sources with knowledge of the matter told Reuters.The U.S. fund is seeking to purchase up to 25% of Repsol's so-called upstream business…