Brent oil prices fell on Tuesday as fears that a global economic slowdown would reduce fuel demand prompted investors to take profits on the previous day's gains. Traders are awaiting the minutes of the latest Federal Reserve meeting, due on Wednesday…
DNV said Monday it was launching the second phase of H2Pipe, a joint industry project (JIP) aiming to develop a new code for the design, re-qualification, construction, and operation of offshore pipelines to transport hydrogen—either pure or blended with natural gas…
James Fisher and Sons plc and Uptime International have signed a memorandum of understanding to partner for the use of motion compensated gangways in the development of the pioneering Ulstein SX221 Diamond SOV. The duo said that the agreement…
Potential extractions from a long-awaited deepwater gas field in the Black Sea could mean countries in the region can finally cut their dependency on Russian energy, Romania's foreign minister said on Friday.Romanian oil and gas group OMV Petrom said on Feb…
Dutch offshore wind foundation maker Sif this week said it would build the world's largest monopile foundation manufacturing plant in Rotterdam, the Netherlands, with an estimated investment of around €328 million.The plant will be built at the 62 hectare Maasvlakte 2 site in Rotterdam…
Harland & Wolff said on Friday that it would 'rationalize' the number of people working at its Methil facility in Scotland.This was in response to the contract termination settlement with Saipem over the building of jackets for the Neart na…
Norway's Equinor and German energy group EnBW plan to jointly develop offshore wind farms in Germany, the two companies announced on Friday.Germany, which seeks to cut its reliance on fossil fuel, in November raised its national renewable energy target to 80% of power generation by 2030…
Oslo-listed company Multiconsult has won a contract with the Norwegian oil giant Equinor to deliver detailed engineering of the grid connection for the Snøhvit Future project.The Snøhvit field lies in the central part of the Hammerfest basin in the southern part of the Barents Sea…
Oilfield services firm TechnipFMC said Thursday it had won a 'significant' contract from Equinor to deliver subsea production systems for the Irpa oil and gas project in the Norwegian Sea.For TechnipFMC, a “significant” contract is between $75 million and $250 million…
Bourbon and Horizon Maritime have created a new joint venture that will offer marine services and operations in the North Sea and Canadian offshore markets.Incorporated in Norway, the new company is called Bourbon Horizon, and, according to a press release issued Thursday…
The Norwegian oil company Equinor has completed the drilling of an appraisal well to test a 2009 offshore discovery in the North Sea, off Norway. The appraisal well, 16/2-23 S, came up dry, with traces of hydrocarbons, the Norwegian Petroleum Directorate said…
Spain's Repsol said on Thursday its fourth-quarter adjusted net profit more than doubled, helped by high oil and gas prices, and flagged a big increase in capital spending for this year. Its fourth-quarter profit surged to 2.01 billion euros ($2…
Amazon.com has granted 1.5 million euros ($1.6 million) to a Dutch project testing the viability of commercially growing seaweed in between turbines of offshore wind farms, the company and organizers said on Thursday. The project, led by the non-profit group North Sea Farmers…
Luxembourg court bailiffs issued fresh seizure orders for two units of Malaysian state oil firm Petronas this week, following a bid by descendants of a former sultanate to enforce a $15-billion award they had won against Malaysia, according to the heirs' lawyer and court documents seen by Reuters…
Norway's oil and gas firms have sharply raised their investment forecasts for 2023 after proposing more than a dozen new projects at the end of last year, a national statistics office (SSB) survey showed on Thursday. The country's biggest business sector now expects to invest 187…