Subsea 7's recently delivered Seaway Alfa Lift offshore wind foundation installation vessel is in transit to Europe and is expected to join Subsea 7's fleet in the third quarter of 2023.The semi-submersible heavy installation vessel, designed by Ulstein…
Offshore installation firm DEME Offshore said Tuesday it had installed the approximately 3,000 ton offshore substation for the Vineyard Wind 1 project - the first commercial-scale offshore wind farm in the United States.'The installation of the offshore substation…
U.S.-based oil company Hess said Wednesday it had made an oil discovery at the Pickerel-1 exploration well in the U.S. Gulf of Mexico.The well is located in Mississippi Canyon Block 727, where Hess holds a 100% stake.The well encountered approximately 90 feet of net pay in high quality…
Norwegian offshore vessel operator Siem Offshore has secured a medium-term contract for two AHTS vessels.Siem Offshore said Tuesday that the contracts were for its 2010-built Siem Aquamarine and 2011-built Siem Amethyst AHTS vessels.The company did not say who the client was exactly…
The first phase of what will be the world's largest offshore wind farm - the Dogger Bank in the UK - is expected to start producing electricity 'during summer.'This is according to Equinor, a Norwegian energy giant that is a partner in the project…
Spanish utility Iberdrola has sold a 49% stake in its 476 megawatt (MW) offshore wind farm in German waters in the Baltic Sea to Abu Dhabi's Masdar for about 375 million euros ($414.5 million), it said on Wednesday. Iberdrola said that the deal…
Equinor posted on Wednesday a 57% year-on-year decline in second-quarter core profit, in line with expectations as oil and gas prices fell, while maintaining its dividend and share buyback levels.The Norwegian energy group's adjusted earnings before interest and tax for April-June fell to $7…
PT Bumi Pratiwi Hulu Energi (Prima Energi), an Indonesian-based upstream oil company, has acquired full ownership of the Northwest Natuna Production Sharing Contract (PSC) via its purchase of AWE (AAL) NZ, AWE Northwest Natuna and AWE Holdings Singapore…
HD Hyundai Mipo Dockyard has started joint development of a commissioning service operation vessel (CSOV) with Korea Register of Shipping (KR).The two companies agreed to develop their own design and cooperate with domestic companies to ensure…
Shell and Chevron's agreements to sell stakes in major Indonesian gas projects to Pertamina, Petronas and Eni ENI.MI will unleash development at the fields, enabling the country to boost its flagging output, the buyers said.Indonesia has seen…
Britain's decision to authorize new licenses for oil and gas exploration in the North Sea came under scrutiny at London's High Court on Tuesday, as Greenpeace argued the government failed to assess emissions produced by burning extracted fuel…
Egypt denied reports its giant Zohr gas field was facing technical problems, in a statement on Monday, instead highlighting investments to boost its production. Total investment in the offshore gas field has reached $12 billion and is expected to hit $15 billion in three years…
Oslo-listed Vaar Energi, majority owned by Italy's Eni, posted on Tuesday a 55% drop in second-quarter operating profit on weaker oil and gas prices, narrowly missing analysts' forecasts. Earnings before interest and tax (EBIT) for the April-June quarter fell to $778 million from $1…
Shell has agreed to sell its participating interest in Indonesia’s Masela Production Sharing Contract and the associated Abadi gas project.The 35% interest in the deepwater block will be sold to Indonesia’s PT Pertamina Hulu Energi and Petronas Masela…
The first turbine was installed at the Neart na Gaoithe offshore wind farm, located 15.5km off the east coast of Scotland.The turbine, with a tip height of over 200 meters, was installed by Siemens Gamesa from the specialist jack-up wind turbine construction vessel…