Norwegian independent oil firm OKEA will ask its bondholders for a waiver of bond covenants and sees a risk of the Yme field development being delayed until 2021, the company said on Tuesday.The firm co-founded by Norway's former oil minister…
Schottel will provide a range of propulsion systems for Louis Dreyfus Armateurs's second wind farm service operation vessel (SOV) the Wind of Hope.The new walk-to-work vessel, a sister vessel to the Wind of Change SOV, is currently under construction…
Dutch offshore installation and construction company has installed what it calls the 'Slip Joint' foundation at the Borssele Wind Farm Site V in the Dutch sector of the North Sea.The Slip Joint is an alternative connection between foundation elements…
A spider-like robot designed for inspection, maintenance, and repair of offshore wind turbine blades has successfully passed its turbine walking test.During the trials, which took place in early March at the Offshore Renewable Energy (ORE) Catapult’s National Renewable Energy Centre in Blyth…
BP's first-quarter profits tumbled by two-thirds as the coronavirus crisis hammered oil demand and the energy major's debt rose sharply as it warned of exceptional uncertainty ahead.London-based BP said it expected significantly lower refining…
Norwegian offshore vessel operator DOF has said Helge Møgster will be resigning from the Board of Directors in DOF ASA following the upcoming ordinary General Meeting, after 18 years in the role as Chairman. He will also resign as chairman in DOF Subsea AS…
Nestlé's UK subsidiary has signed a 15-year indexed fixed price agreement with Danish offshore wind company Ørsted to buy green power from the Race Bank Offshore Wind Farm, off the coast of Norfolk.Nestlé UK will buy the output of 31MW of the offshore wind farm's 573MW total capacity…
Offshore Northern Seas (ONS) exhibition and conference that was supposed to be held in Stavanger, Norway between August 31 September 3, 2020, has been canceled.The organizers of one of the largest gatherings for the international energy community…
Belgium-based offshore wind farm developer Parkwind and Danish offshore construction company Bladt have signed a deal to build a substation for the Arcadis Ost 1 offshore wind project in the German Baltic SeaThe platform will be jointly developed and will be jointly operated with 50Hertz…
Dutch marine and offshore services company Fugro has won a long-term contract for two remotely operated vehicles (ROVs) and a full survey positioning package on Global Marine Group recently chartered vessel, the Normand Clipper.As part of the contract…
Dutch company SBM Offshore has announced the sailaway of the last two modules for the Turret Mooring System built for Equinor's Johan Castberg FPSO which will, once completed, be deployed in the Barents Sea, offshore Norway.The modules will…
Ocean Bottom Node survey company Seabed Geosolutions and Norwegian vessel owner Eidesvik Offshore have reached an agreement to place Eidesvik’s Subsea Viking vessel on a stand-by.Seabed Geosolutions back in February awarded two Eidesvik's vessels…
Norway plans to extend its no-go zone for oil exploration in the country's Arctic waters but stopped short of areas for which licenses have already been granted to oil companies.The government on Friday proposed an extension of the so-called…
Danish offshore drilling contractor Maersk Drilling is set to mothball several offshore drilling rigs, and as a consequence, reduce the number of offshore workers, citing low oil prices and the impact of COVID-19 pandemic as the reason.'The…
Norwegian independent oil company Aker BP said on Friday it expected to report a pre-tax loss due to impairments worth $500 million-$700 million related to the oil price crash.North Sea oil prices hit more than 20-year lows this week as demand…