Norway's Equinor wrote off $2.93 billion from the value of its assets after cutting its long-term oil and gas price forecasts on Thursday, betting the pandemic and a shift away from fossil fuels will have a lasting impact on markets.The biggest hit came from a $1…
Norwegian offshore vessel owner Eidesvik offshore has this week won contracts for two of its vessels, the Viking Princess and the Viking Neptun.On Wednesday, Eidesvik said it had secured a deal with the Norwegian oil firm Wintershall Dea Norge…
Wind turbine maker Vestas will acquire Mitshubishi Heavy Industries' shares in their joint venture MHI Vestas Offshore Wind joint venture, against MHI acquiring 2.5 percent in Vestas and being nominated to a seat in Vestas’ Board of Directors…
Installed offshore wind capacity will surpass onshore wind in the UK by 2026, and the UK will meet its goal to double its renewable energy capacity by 2030 four years early.This is according to the Norwegian energy intelligence company Rystad Energy…
Norwegian offshore engineering and equipment provider Aker Solutions reported a drop in revenue in the third quarter of 2020, but its net profit rose. Aker Solutions' result received a one-off boost from the listing of carbon capture and offshore wind spinoffs…
Italian energy group Eni's balance sheet remains strong, it said on Wednesday after swinging to a third-quarter net loss as the coronavirus crisis took its toll.The company said it recorded an adjusted net loss of 0.15 billion euros ($177 million)…
Danish energy group Ørsted beat third-quarter profit expectations on Wednesday but said offshore wind projects in the United States faced “significant” delays.The world’s largest offshore wind farm developer kept its full-year guidance for earnings before interest…
Norwegian oil and gas company Vår Energi said Wednesday it had entered into five-year framework agreements with twelve Norwegian service providers.The framework agreements include the provision of services both offshore and onshore, and, according to Vår Energi…
Italian energy services group Saipem expects no major delay to projects and predicted brisker business in the last part of the year after swinging to a loss in the third quarter.'We are not out of the woods yet ... (but) the picture starts to get brighter…
Offshore drilling contractor Borr Drilling has agreed to sell its 2003-built cold stacked jack-up drilling rig 'Atla' to an unnamed independent operator.'The completion of the sale is expected in the fourth quarter 2020. Together with the previously…
Norwegian offshore vessel owner GC Rieber Shipping has won a short-term charter for its Polar Queen walk-to-work vessel.GC Rieber Shipping said Wednesday the contract for the vessel was with a 'Tier 1 client in Europe for work in an offshore wind park…
Oil and gas company Wintershall Dea has started drilling the first of what will be six development wells at its Nova field in the Norwegian part of the North Sea.The Nova field, operated by Wintershall Dea which holds a 45% stake, will be developed…
German offshore helicopter transportation company HeliService has won offshore wind-related contracts with TenneT and Deutsche Windtechnik.In a social media post on Tuesday, HeliService said that it would as of November 2020 exclusively conduct all hoist flights for Tennet in the Dutch North Sea…
The number of workers on offshore oil and gas platforms decreased by around 4,000 as the UK went into lockdown in March this year, UK's offshore oil and gas industry body OGUK said Tuesday.Per OGUK's numbers, the average number of weekly personnel on board decreased from around 11…
Consultancy the Carbon Trust on Monday launched the fourth stage of its Offshore Wind Accelerator (OWA), a collaborative research, development, and deployment program.The joint initiative was established back in 2008, between the Carbon Trust…