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 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 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…
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…
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…
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…
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…
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…
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%…
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…
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…
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…
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…
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…
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…