Rental rates for offshore oil and gas rigs could rise to $500,000 in the coming months, company executives said on Wednesday.Daily costs to hire a rig, known as the dayrate, have already more than doubled from two years ago to some $300,000…
Prysmian Group has won two contracts worth more than €800 million, including options, with Amprion Offshore – a subsidiary of German transmission system operator Amprion - for the design, supply, installation, and commissioning of land and submarine…
Greater Gabbard Offshore Wind Farm earlier this month celebrated its 10-year anniversary of generating electricity.All 140 turbines of the joint venture between SSE Renewables (50%) and RWE Renewables (50%) have been operational since September 2012 and in the last 10 years…
Offshore drilling rig contractor Dolphin Drilling has confirmed that it will be activated on the Euronext N-OTC list as of Thursday, September 15, 2022.The listing is the first step towards a public listing of the Company on Euronext Growth Oslo by the end of October…
Offshore wind developer Ocean Winds East (OW East) on Thursday announced the official name of its planned offshore wind power project in the New York Bight. The wind farm will be called Bluepoint Wind.The project, in the early stages of development…
Shell named Wael Sawan, head of its integrated gas and renewables division, on Thursday as the group's chief executive officer, replacing Ben van Beurden, with the energy major at the cusp of a transition to cleaner energy.Sawan, 48, currently oversees Shell's growth into low carbon energies…
The chief executive of a small U.S. oil company has jumped to the forefront of the energy industry's greenhouse gas reduction efforts, recruiting high-profile firms to his vision of striking it big by selling access to carbon storage developments…
Oilfield services giant TechnipFMC said Wednesday it had secured a significant contract with the oil major TotalEnergies for its Lapa North East field in the pre-salt Santos Basin offshore Brazil. For TechnipFMC, a “significant” contract is between $75 million and $250 million…
Offshore drilling contractor Maersk Drilling and oil and gas company Petrogas E&P Netherlands have signed a five-well deal for the Maersk Resolute jack-up drilling rig.The duo has agreed to an amendment of the previously signed contract for the supply of the Maersk Resolute…
The Biden administration on Wednesday said it had reinstated bids from a November 2021 Gulf of Mexico sale of offshore oil and gas drilling rights, a requirement buried in U.S. President Joe Biden’s new climate change and drug pricing law.The…
deepC Store, Mitsui O.S.K. Lines, (MOL) and Technip Energies have entered into a Letter of Intent that should lead to the construction of a Floating Storage & Injection (“FSI”) Hub facility for dCS’s CStore1 carbon capture and storage project offshore Australia…
From EQUANS' fabrication hall in Antwerp, Belgium, the topside for TenneT's Hollandse Kust (north) transformer platform was placed on a floating barge in the port on Monday. Following the load out, the steel structure weighing over 3,500 tons…
Spanish power company Iberdrola said on Wednesday it had agreed to sell to Swiss investment fund Energy Infrastructure Partners (EIP) a 49% stake in a German offshore wind farm for 700 million euros ($700 million). The sale of the Wikinger wind…
The Norwegian Ministry of Petroleum and Energy said Tuesday it had received applications from 26 oil and gas companies in connection with APA (Awards in predefined areas) annual offshore acreage licensing rounds.Shell, Equinor, Inpex, TotalEnergies…
Serica Energy has hit a snag with the drilling of a high-impact North Eigg exploration well off the UK due to rig equipment failure, and the operations are now expected to take six weeks longer than originally expected. According to Serica,…