Dutch offshore installation firm Van Oord has been awarded two new offshore wind projects Baltic Power in the Baltic Sea and Greater Changhua 2b and 4 in Taiwan. The contracts have a combined value of more than EUR 500 million (~currently around 533 million)…
Japan will make sure its energy supplies are not affected by sanctions the United States recently imposed on the Arctic LNG 2 project in Russia in which it has a stake, Industry Minister Yasutoshi Nishimura said on Tuesday.Japan, the world's second-largest liquefied natural gas (LNG) buyer…
Carbon dioxide emissions from U.S. liquefied natural gas facilities have jumped to 18 million tons per year, up 81% since 2019, adding a volume of greenhouse gas to the atmosphere equivalent to that produced by several big coal plants, according to United States government data…
Offshore drilling contractor Dolphin Drilling said Wednesday it had appointed Jon Oliver Bryce as Chief Strategy Officer, as, the company says, the market for mid-water moored semi-submersibles continues to rebound.Jon Oliver Bryce, the former…
U.S.-based LNG firm Excelerate Energy has signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with the Bangladesh Oil, Gas & Mineral Corporation (Petrobangla). Petrobangla has agreed to purchase 0.85 to 1.0 million…
Global fossil fuel production in 2030 is set to be more than double the levels that are deemed consistent with meeting climate goals set under the 2015 Paris climate agreement, the United Nations and researchers said on Wednesday.The United Nations Environment Programme's (UNEP) report…
Norway-based Aker Solutions, a provider of solutions, products, and services to the global energy industry, has been awarded a limited notice to proceed contract from Vattenfall for the Norfolk Vanguard West Offshore Wind Farm off the coast of Norfolk…
Danish wind turbine maker Vestas on Wednesday reported third-quarter operating profits and revenue above expectations, reflecting an easing of supply chain disruptions and higher prices for turbines, boosting its shares 9% in early trade.The…
A unit of Suriname state-owned energy company Staatsolie on Tuesday launched a competitive bidding round for 11 offshore areas in the country, with bids to be submitted through May.The blocks, in the nearshore and shallow offshore areas, are…
Advanced Watertek, a provider of water treatment solutions, has recently delivered a presentation that emphasized the alignment of offshore operations with Global Sustainable Development Goals (SDGs) and Environmental, Social, and Governance (ESG) requirements…
Cadeler A/S and Eneti Inc., two offshore wind turbine and foundation installation companies, have announced the commencement of a share exchange offer for all the outstanding shares of common stock of Eneti.The offer is being made pursuant to the Business Combination Agreement…
Equinor is preparing to sell a 20% stake in its Rosebank oil development in the British North Sea, which could fetch about $1.5 billion, two industry sources said.The Norwegian energy giant is seeking to sell a quarter of its 80% stake in the project…
Malaysian offshore vessel owner Icon Offshore unveiled Thursday that it had received a Letter of Award from SEA Hibiscus for the provision of one 60MT anchor handling tug supply vessel to perform their 2023/24 drilling campaign. The provision of service started on October 24…
Saudi Aramco on Tuesday reported a 23% fall in third-quarter net profit on the back of lower oil prices and volumes sold, marginally beating analyst estimates and helping underpin its shares.Net profit fell to $32.6 billion for the quarter to Sept…
Singapore's Seatrium said Tuesday its subsidiary PPL Shipyard would soon receive a payment of around 968 million Singaporean dollars (around USD 713,7 million) from offshore drilling company Borr Drilling.PPL Shipyard in October 2022 reached…