Norway's crude oil output in March missed the official forecast but gas output exceeded expectations, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Thursday.Crude oil output fell to 1.74 million barrels per day (bpd) in March from 1…
Belgium-based offshore installation services firm DEME has agreed to sell its jack-up installation vessel ‘Thor’ to the German shipping and logistics company Harren & Partner for an undisclosed fee.DEME has owned the vessel for more than a decade…
Italy's Saipem beat expectations for first-quarter earnings as an upturn in global oil and gas spending lifted the energy contractor's core business, putting it on track for a better year.Adjusted core earnings in the period rose 65% to 145 million euros ($157 million)…
Russian oil giant Lukoil said Friday that Vagit Alekperov had resigned from his position as the President of Lukoil and from Lukoil's board of directors.'The respective notices of resignation were sent today to the chairman of the company’s board of directors…
Dutch offshore installation giant Heerema Marine Contractors has said it has developed a new method for the installation of offshore floating wind structures that doesn't require wet-tow and removes the need for marshaling yards.The company said that…
The first turbine was installed earlier this week at Vattenfall's Hollandse Kust Zuid offshore wind farm in the Dutch North Sea, Jochen Eickholt, CEO of wind turbine maker Siemens Gamesa Renewable Energy, said in a social media post.Eickholt said: 'In a milestone moment yesterday…
Oil and gas company i3 Energy has executed the farm-in agreement with Europa Oil & Gas following Europa's completion of its equity fundraising to fund its share of the upcoming Serenity appraisal well in the UK North Sea. Under the agreement…
Norwegian offshore seismic data acquisition and processing company PGS has announced the Southern North Sea reprocessing project.The SNS Vision data rejuvenation project from PGS will target a mature gas province in the central SNS area, with…
Turkey will provide tax cuts to support a 145.1 billion lira ($9.9 billion) Turkish Petroleum (TPAO) project to develop the natural gas field it discovered in the Black Sea, the country's Official Gazette said on Wednesday.Natural gas was discovered…
Romania's OMV Petrom on Wednesday welcomed changes to an offshore gas tax law filed by the government in Bucharest last week as a 'much-needed' step for the development of Black Sea gas.Gas producers have spent 15 years and billions of dollars…
Offshore seismic services and technology company ION Geophysical has won a five-year contract with Brunei Shell Petroleum Co. (BSP), a joint venture between the Government of Brunei and Shell, for a digital solution to manage marine logistics…
Norway-based offshore support vessel operator Eidesvik Offshore has appointed Arve Nilsen as its new Chief Operating Officer (COO) and Ellen Sofie Ottesen as its new Chief Technology Officer (CTO).Nilsen comes from the position of Technical Manager in Eidesvik with responsibility for technology…
Siemens Gamesa is trying to raise wind turbine prices to cope with lofty raw materials costs and iron out complex internal procedures that have delayed new products and helped trigger a huge quarterly loss, Chief Executive Jochen Eickholt said on Wednesday…
Wood Plc said on Wednesday its Chief Executive Officer Robin Watson plans to retire and the British oilfield services and engineering firm also posted a drop in full-year revenue, sending its shares down as much as 6% in early trade.The London-listed company's revenue for the year ended Dec…
Renewable energy company RWE has selected Port of Thorsminde from which to carry out the operation and maintenance of its Thor offshore wind farm. With a planned capacity of 1,000 megawatts (MW) Thor will be Denmark’s largest offshore wind farm to date…