Offshore Engineer Industry News News - page 216


Ørsted Ups Outlook on High Power Prices, Offshore Wind Business Trails

Nov 03, 2022

COPENHAGEN, Nov 3 (Reuters) - Danish energy firm Ørsted on Thursday lifted its profit outlook for the year on the back of high power prices, while third-quarter core earnings slightly lagged expectations on the back of soft performance in its key offshore unit…

More Than 60% of Port of Aberdeen's South Harbour Expansion Project Operational

Nov 03, 2022

More than 60% of the Port of Aberdeen's £400 million South Harbour development is now operational, marking the project's penultimate construction milestone, the port said in a statement on Thursday.The handover from construction to operations for Dunnottar…

Harbour Energy Expects $400M in UK Windfall Tax This Year

Nov 03, 2022

Harbour Energy on Thursday forecast liabilities from the UK's windfall tax on energy companies to be about $400 million this year, and urged the government to 'carefully consider' the consequences of any increase or extension to the scheme. The…

Petrofac Workers on Repsol Platforms Taking Industrial Action over Pay Dispute

Nov 03, 2022

UK-based workers' union Unite the union said Thursday it had served notice on Petrofac for members on the Repsol offshore platforms and terminal for an industrial action that will take place on November 16 and 17.'The industrial action will…

Hurricane Energy Launches its Own Sale after Unsolicited Bid

Nov 02, 2022

North Sea oil and gas producer Hurricane Energy launched a formal sale process after receiving an unsolicited offer from an unnamed bidder which its board considers too low, it said on Wednesday.Last year, Hurricane effectively gave control…

ADIPEC Interview: Microsoft Driving Digital Transformation in Oil & Gas Sector

Nov 02, 2022

Offshore Engineer is at the ADIPEC show in Abu Dhabi this week, where we interviewed Ahmad El-Dandachi, Enterprise Channel Lead for Microsoft in the UAE on Microsoft's role in the offshore oil and gas and renewables sectors.OE: Microsoft is…

Van Oord Names Chief People Officer

Nov 02, 2022

Dutch marine services company Van Oord has appointed Meike Salvadό-de Reede to the position of Chief People Officer (CPO) in its Executive Committee as of November 1, 2022. 'Van Oord’s people agenda is fundamental to its strategy and to building a high-performance organization…

Saipem Completes GBS Installation Works on Fecamp Offshore Wind Farm

Nov 02, 2022

Italian energy industry services firm Saipem said Wednesday it had, in consortium with Bouygues Travaux Publics and Boskalis (BSB), installed and ballasted the Gravity-Based Structures (GBS) foundations for the Fécamp offshore wind farm in Normandy…

Vestas Cuts Outlook as Third Quarter Lags Forecast

Nov 02, 2022

Danish wind turbine maker Vestas reported on Wednesday a wider-than-expected operating loss for the third quarter, cutting its full-year outlook due to continued cost inflation and supply chain instability.Vestas cut its 2022 profit margin outlook to minus 5% from previously between minus 5% and 0%…

Report: Germany Could Seize Property to Speed LNG Build-out

Nov 02, 2022

Germany, racing to end its reliance on Russian gas, plans to introduce new regulation that will make it possible to expropriate property to link offshore liquid natural gas terminals to the grid, Handeslblatt reported. The new law could make…

ADIPEC: Fugro, AD Ports Pen Deal for Remote & Autonomous Tech Use in Middle East

Nov 02, 2022

During the ADIPEC exhibition in Abu Dhabi, Dutch firm Fugro and UAE's AD Ports Group signed an agreement that sets out combined goals to utilize remote and autonomous technologies in the region. The agreement was signed by Captain Mohamed Juma Al Shamisi…

Dolphin Drilling Can Take Part in Petrobras' Offshore Drilling Rig Tenders

Nov 02, 2022

Offshore drilling company Dolphin Drilling said Wednesday it had been re-approved as an official rig supplier and would be invited to take part in Petrobras upcoming rig tenders.Bjørnar Iversen, CEO of Dolphin Drilling said: 'We are pleased with our re-approvement…

OKEA Wraps Buy of Wintershall's Interests in Three Offshore Fields in Norway

Nov 02, 2022

Norwegian oil company OKEA has completed the acquisition of Wintershall's interests in three offshore fields in the Norwegian part of the North Sea. The companies first announced the agreement in May.OKEA has acquired 35.2% operated stake in the Brage Unit…

Solstad Offshore Wins Contracts for CSV Trio

Nov 01, 2022

Norwegian offshore vessel company Solstad Offshore has won contracts for three of its subsea construction vessels (CSV).Normand Vision has been awarded a new contract with Havfram AS for a period of 3 years firm plus an option for an extra 2 years…

Jadestone Buys BP's Stake in Cossack, Wanaea, Lambert, and Hermes Oil Fields Off Australia

Nov 01, 2022

Asia Pacific-focused oil and gas company Jadestone Energy has completed the acquisition of a non-operated 16.67% working interest in the Cossack, Wanaea, Lambert, and Hermes ('CWLH') oil fields development offshore Australia from BP.The fields are part of the North West Shelf Oil Project…

Current News

First Gas Export to Denmark from Tyra II Expected Today

Vattenfall to Take Part in IJmuiden Ver Offshore Wind Tender in Netherlands

Beach Energy to Let Go 30% of Workforce Amid Strategic Review

Ocean Infinity Inks Deal with Shell for Subsea Data Capture Services

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