Oil prices looked set to close down this week following seven weeks of gains, as China's economic woes eclipse signs of tight supply.The seven-week upswing in prices, galvanised by supply cuts by the Organization of the Petroleum Exporting Countries and allies (OPEC+)…
Poland's Orlen has signed a contract with state-owned pipeline operator Gaz-System for the regasification of up to 58 liquefied natural gas (LNG) cargoes per year at a planned floating gas terminal, the energy company said on Friday.Poland has…
The Norwegian Ministry of Petroleum and Energy awarded one CO2 storage license in the North Sea to Sval Energi AS, Storegga Norge AS, and Neptune Energy Norge AS.'Carbon capture and storage of large amounts of CO2 is important to reach our climate…
Swiss-based firm Implenia and NorSea's WindWorks Jelsa have signed an agreement to develop a production and assembly facility for large concrete or steel structures for the floating offshore wind industry at Norway’s west coast.Implenia and NorSea will become equal minority shareholders (approx…
Dutch offshore and marine services firm Boskalis said its Offshore Energy division saw its revenue increase by 50%, with an EBITDA increase of almost 70% in the first half of 2023.All business units within the Offshore Energy branch saw increases in both revenue and earnings…
Denmark-based offshore wind developer Ørsted has divested 25% of the London Array Offshore Wind Farm.Ørsted in July, signed an agreement with funds managed by Schroders Greencoat, a global specialist asset manager focusing on renewable energy infrastructure assets…
Norway-based marine seismic survey services firm PGS has entered a one-year strategic collaboration with ocean bottom node seismic operations specialist inApril for the hybrid towed streamer and ocean bottom node market.'The strategic collaboration…
Chevron faces the prospect of work stoppages or even an all-out strike at Australia's second-largest liquefied natural gas (LNG) plant at Gorgon and at its Wheatstone operations after voting opened on Friday for a union ballot. Australia is one of the largest exporters of LNG to the world…
Norwegian oil company Equinor has discovered oil and gas in the North Sea, 130 kilometers northwest of Bergen, Norway, while drilling wells 35/11-26 S and 35/11-26 A.According to Equinor, this is the ninth successful well in this area in 12 attempts since 2019…
Norway-based subsea services company Reach Subsea said Thursday it had received a notice of contract award, subject to successful contract negotiation, from an unnamed 'major European energy provider.'The potential contract has a duration of…
Hartshead Resources and its joint venture partner Rockrose Energy have awarded a contract for a geophysical pipeline survey for the Anning and Somerville fields in the UK North Sea to Gardline.The contract award comes after a competitive tender and subsequent technical and commercial bid evaluation…
Norwegian offshore crane supplier Red Rock said Wednesday it had successfully commissioned a 'highly advanced' 40T AHC Offshore Crane on an offshore vessel for a client in UAE. 'Overload test and functional tests were done with client and Class Society present…
The global offshore wind supply chain will require US$ 27 billion of secured investment by 2026 if it is to meet a fivefold growth in annual installations (excluding China) by 2030, according to energy intelligence group Wood Mackenzie.This…
Ocean Power Technologies said Thursday it had made a pivotal achievement in the autonomous maritime technology field, by demonstrating the Wave Adaptive Modular Vessel (WAM-V) attaching itself remotely to a buoy and establishing a connection that will enable charging…
Salamander, a joint venture between Ørsted, Simply Blue Group, and Subsea 7, developing the Salamander floating wind farm in Scotland, has appointed Fugro to conduct a metocean survey for the proposed 100 MW project, located 35 km off the coast of Peterhead…