Oil prices fell sharply on Monday after OPEC+ overcame internal divisions and agreed to boost output, sparking concerns about a crude surplus as COVID-19 infections rise in many countries.Brent crude was down $1.92, or 2.6%, at $71.67 a barrel by 1105 GMT…
Norwegian seismic data firm PGS has completed the sale of the hardware, software, and intellectual property associated with the company’s towed streamer Controlled Source Electro-Magnetic (“CSEM”) system to Canada's Ocean Floor Geophysics, Inc (“OFG”)…
Norwegian offshore vessel owner Eidesvik Offshore has won a contract with offshore installation firm Havfram for its construction support vessel Viking Neptun. The contract will start in early January 2022 with a firm period towards the end of the third quarter of 2022…
Offshore engineering and construction firm Aker Solutions, said Monday it had signed a major contract with an undisclosed client to provide the HVDC (high-voltage, direct current) transmission system for a large offshore wind project.Aker Solutions defines a major contract as being NOK 3…
Norwegian energy firm Equinor on Monday confirmed it had filed a bid for floating offshore wind in ScotWind, the competitive tender offshore wind seabed leasing round being undertaken by Crown Estate Scotland. The deadline for applications ended Friday…
Green infrastructure developer Cerulean Winds, which wants to build 200-turbine floating wind and hydrogen project in Scotland, has signed an agreement with px Group, the UK-based operator of large-scale industrial facilities.Cerulean in June filed plans to develop a $14 billion…
Renewable firms, oil majors and investors said they would bid into Scotland's offshore wind leasing round which closed on Friday, signaling the huge demand globally for the rights to build new offshore wind farms.Crown Estate Scotland's ScotWind…
Nigeria's lower house of parliament on Friday cleared a petroleum overhaul package for the president's signature.The overhaul, in the works for 20 years, aims to attract more of the world's decreasing fossil fuels investment to Nigeria's petroleum sector…
Australian oil and gas firm Woodside Energy has this week started the offshore drilling campaign in Senegal for the Sangomar Field Development Phase 1, which will be the country's first offshore oil field in production.Woodside Acting CEO Meg…
Jadestone Energy, an oil and gas production company focused on the Asia Pacific region, has received all the necessary approvals - including one from Petronas - to complete the acquisition of SapuraOMV's Peninsular Malaysia assets.Jadestone said in April it would acquire interests in four licenses…
Oil and gas major Shell and Iberdrola-owned Scottish Power said on Friday they had joined forces to bid to develop large-scale floating wind farms off the coast of Scotland.The companies said they had submitted proposals for the potential projects as part of Scotland's offshore wind leasing round…
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co has ordered from Huisman a 2,600mt Leg Encircling Crane (LEC), to be installed on Eneti’s newbuild wind turbine installation vessel (WTIV).'The new Leg Encircling Crane has a 147-meter long boom…
Dutch marine and offshore services provider Boskalis said this week it has completed the installation of the fifth and final floating wind turbine at the Kincardine floating wind farm off the UK, currently the world's largest floating wind farm…
Oil prices fell on Thursday, extending losses as investors braced for increased supplies after a compromise deal between leading OPEC producers and as U.S. fuel stocks rose, raising concerns over demand in the world's largest consumer.Brent crude dropped 52 cents…
Thai energy company, Global Power Synergy Pcl (GPSC), on Thursday said it had acquired a 25% stake in a Taiwanese offshore wind farm for $500 million.The deal comes a day after it announced a $453 million investment in a solar project in India…