Portuguese oil and gas company Galp Energia swung to a net profit in the second quarter thanks to higher crude prices and refining margins, but cautioned on the continued impact of the COVID-19 pandemic.In a statement accompanying the figures…
Four people fell into the sea and went missing after an offshore construction unit tilted off the coast of Huzhou City, China, CGTN, a Chinese state-backed news website, said Monday.According to CGTN, there were 65 people on board when the incident took place…
Norwegian energy firm Equinor, with its partners RWE, Shell, and Gasunie signed a declaration of intent to further intensify their collaboration on the AquaSector project - which aims to build Germany's first large-scale offshore hydrogen park…
Offshore wind developer Ocean Winds and DISA Group, a renewable electricity generation firm in the Canary Islands, have teamed up to develop offshore wind farms in the Canary Islands.Ocean Winds, formed last year as a joint venture between EDP Renewables and Engie…
Spanish renewables giant Iberdrola has awarded Dutch offshore installation company Van Oord a contract for the offshore installation works at the Baltic Eagle offshore wind farm in Germany.Van Oord will transport and install the foundations at the Baltic Sea project and ensure the supply…
Metec UK, a company based in South Tyneside, England, has won two multi-million pound contracts to protect the giant 3.6GW Dogger Bank wind farm from corrosion.Metec UK manufactures sacrificial anodes for the long-term protection of steel jackets…
Finland's marine engine and equipment maker Wärtsilä said Friday it would deliver the steerable and tunnel thrusters for two new wind farm turbine installation vessels being built for the China Three Gorges Corporation (CTGC), a China state-owned power company…
Norway-based crane maker Red Rock has won a contract with shipbuilder Vard to deliver equipment for three service offshore vessels (SOVs) Vard is building in Vietnam for the UK-based shipowner North Star Renewables. The vessels will be operating…
In what has been described as an industry first, ABS has design reviewed a deep-sea mineral riser system capable of reaching more than 6,000 meters beneath the sea surface.Developed by Oil States Industries (OSI), the Merlin Deepsea Riser System…
Siemens Gamesa’s profit warning last week served as a painful reminder for Christian Bruch, CEO of parent Siemens Energy, that there’s a big difference between owning a majority stake in an asset and having full control.Siemens Energy holds 67% in Spanish-listed Siemens Gamesa…
Companies vying for rights to develop wind farms off the coast of Scotland, as part of the ScotWind seabed lease sale, have filed 74 applications by July 16 deadline.Crown Estate Scotland today confirmed that 74 applications have been received…
Norway-based offshore support vessel firm Solstad Offshore has won a charter deal for its construction support vessel Normand Jarstein.The contract is with the subsea services firm DeepOcean AS.The Normand Jarstein vessel (ex-Rem Pioneer) will support DeepOcean`s IMR…
Norwegian energy giant Equinor has chartered Floatel International's offshore accommodation rig Floatel Victory.Equinor will use the semi-submersible flotel for maintenance and safety services alongside the Peregrino FPSO offshore Brazil.The…
Shares of energy services firm Baker Hughes slipped on Wednesday after reporting second-quarter results that fell short of Wall Street estimates as it shifts its business to technology and services that help customers transition to a lower-carbon world…
Dutch seabed survey services firm Fugro has won a subsea inspection contract with the oil and gas company Neptune Energy at the Cygnus gas field in the UK North Sea.As part of the contract, Fugro will employ its specialized survey technology to inspect the subsea infrastructure…