The value of Danish energy company Orsted, the world's largest offshore wind farm developer and a big player in the U.S., has plunged about 31% since it declared $2.3 billion in U.S. impairments in late August due to supply delays, high interest rates and a lack of new tax credits…
Deep Wind Offshore, a Norwegian offshore wind developer, said Thursday that that Octopus Energy would become a co-owner of the company together with the existing industrial owners Knutsen OAS, Haugaland Kraft, and Sunnhordland Kraftlag.Deep Wind Offshore…
KENC has started the construction of a flange monopile upending tool [FMUT] for the Dutch offshore installation company Van Oord.'Designed to face the challenges of varying sea conditions, the FMUT boasts unparalleled versatility. Its innovative…
Sweden's Vattenfall is evaluating options for proceeding with offshore wind projects off the Norfolk coast in Britain after stopping work on one of them earlier this year, the company said on Wednesday.Vattenfall halted development of its 1…
SLB is on track to add about $5 billion in revenue this year, and sees similar potential for growth in 2024, mainly helped by increased drilling in international markets, CEO Olivier Le Peuch said at a conference on Wednesday.SLB, the world's largest oilfield service company and former Schlumberger…
Mediterranean-focused oil and gas producer Energean reported a 41.2% slump in first-half profit, dented by higher tax expense, and also trimmed its full-year production forecast to 125,000-130,000 barrels of oil equivalent per day (boed).Energean…
Asia Pacific-focused oil and gas company Jadestone Energy plc on September 1 restarted oil production from the Montara Venture FPSO offshore Australia.The production had been shut down since July due to a defect in the FPSO's 4S ballast water tank…
Cenergy Holdings cables branch Hellenic Cables has signed a contract for the supply of export cables for the Baltica 2 offshore wind project in Poland.Under the contract awarded by Denmark's Orsted and Poland's PGE, Hellenic Cables will supply 148km 275kV export cables with XLPE insulation…
The American Bureau of Shipping (ABS) has awarded Approval in Principle (AIP) for Bumi Armada’s pioneering design for a floating carbon storage and injection unit (FCSIU).Bumi Armada’s FCSIU concept is a floating terminal capable of storing…
A fleet of U.S. offshore wind projects central to President Joe Biden's climate change agenda may not move forward unless his administration eases requirements for subsidies in the year-old Inflation Reduction Act, according to project developers…
Thailand's annual gas regasification capacity will nearly double by the end of the decade as liquefied natural gas (LNG) imports are set to rise to replace declining domestic production, a senior executive at energy company PTT said on Tuesday…
Greenhouse gas emissions from UK offshore oil and gas production were cut for the third consecutive year in 2022, the UK North Sea Transition Authority said Tuesday.'Last year’s estimated 3% reduction contributed to a 23% drop in greenhouse gas emissions between 2018 and 2022…
Denmark's supreme court on Wednesday ruled against Maersk and TotalEnergies in a tax case involving the alleged misuse of transfer pricing in the companies' business in Algeria and Qatar.The case was filed by the Danish tax authorities saying that Maersk's oil unit…
Norwegian Offshore Wind has hired former Antler director Narve Hansen to lead the work with Norway´s first offshore wind accelerator. 'My vision is to bring the industry together to shed light on the most critical challenges in offshore wind…
Offshore engineering firm DORIS has been awarded a framework agreement by BP to provide engineering services to BP’s offshore wind projects.This framework will see DORIS support BP globally.Across the five-year agreement, DORIS will provide engineering for scopes such as concept development…