Europe's outlook for gas supply is looking good for the coming winter given high gas reserves and plentiful access to supplies, Equinor CEO Anders Opedal told Reuters, but could tighten next summer due to lower reserves. With European gas storages currently 85% full and rising…
Germany raised installed offshore wind capacity by 3.1% to 8,385 megawatts (MW) in the first half of 2023, industry lobbies said on Tuesday, demanding better revenue guarantees to maintain a build-out pace and ensure it will reach a 30,000 MW target by 2030…
Oilfield service firm SLB and the Italian oil firm Eni, through its subsidiary Enivibes, have announced an alliance to deploy Eni Vibroacoustic Pipeline Monitoring System (e-vpms) technology, a vibroacoustic wave detection system capable of providing real-time analysis…
Offshore installation firm DEME Offshore said Tuesday it had installed the approximately 3,000 ton offshore substation for the Vineyard Wind 1 project - the first commercial-scale offshore wind farm in the United States.'The installation of the offshore substation…
U.S.-based oil company Hess said Wednesday it had made an oil discovery at the Pickerel-1 exploration well in the U.S. Gulf of Mexico.The well is located in Mississippi Canyon Block 727, where Hess holds a 100% stake.The well encountered approximately 90 feet of net pay in high quality…
Hitachi Energy said Wednesday it had been selected as preferred technology provider of SSEN Transmission and National Grid, to supply two high-voltage direct current (HVDC) converter stations to interconnect the Scottish and English power grids…
Norwegian offshore vessel operator Siem Offshore has secured a medium-term contract for two AHTS vessels.Siem Offshore said Tuesday that the contracts were for its 2010-built Siem Aquamarine and 2011-built Siem Amethyst AHTS vessels.The company did not say who the client was exactly…
Benthic, a Geo-services brand in Acteon’s Data and Robotics division, said Wednesday it had recently completed a site investigation comprising cone penetration tests (CPTs) using its portable remotely operated drill (PROD) that has enabled the…
The first phase of what will be the world's largest offshore wind farm - the Dogger Bank in the UK - is expected to start producing electricity 'during summer.'This is according to Equinor, a Norwegian energy giant that is a partner in the project…
Spanish utility Iberdrola has sold a 49% stake in its 476 megawatt (MW) offshore wind farm in German waters in the Baltic Sea to Abu Dhabi's Masdar for about 375 million euros ($414.5 million), it said on Wednesday. Iberdrola said that the deal…
Equinor posted on Wednesday a 57% year-on-year decline in second-quarter core profit, in line with expectations as oil and gas prices fell, while maintaining its dividend and share buyback levels.The Norwegian energy group's adjusted earnings before interest and tax for April-June fell to $7…
PT Bumi Pratiwi Hulu Energi (Prima Energi), an Indonesian-based upstream oil company, has acquired full ownership of the Northwest Natuna Production Sharing Contract (PSC) via its purchase of AWE (AAL) NZ, AWE Northwest Natuna and AWE Holdings Singapore…
HD Hyundai Mipo Dockyard has started joint development of a commissioning service operation vessel (CSOV) with Korea Register of Shipping (KR).The two companies agreed to develop their own design and cooperate with domestic companies to ensure…
France-based Nexans has announced an expansion in its presence in the offshore wind and interconnection market, by adding a third cable laying vessel to its fleet.This strategic decision will allow the Group to meet the increasing demand for electrification…
Marine propulsion specialist Schottel will equip four Commissioning Service Operation Vessels (CSOVs) being built by the Norwegian VARD Group with full propulsion packages.The package per vessel consists of two SCHOTTEL Dynamic RudderPropellers type SRP 460 D…