Siemens Energy proposed on Wednesday to pay a dividend on the back of a strong jump in cash flow driven by stricter cost discipline, as it completed its first business year since it spun off from former parent Siemens.The supplier of turbines and services to the power industry…
Subsea services company DeepOcean has said it has won a frame agreement contract with an undisclosed US-based operator.The deal is for the delivery of engineering, project management, and vessel support to execute 'a wide range' of subsea activities throughout 2022…
Norwegian oil and gas firm Equinor has awarded Aker Solutions a front-end engineering and design (FEED) contract for an FPSO to be deployed at the Wisting oil field in the Barents Sea, offshore Norway.According to Equinor, valued at around NOK 350 million…
Japanese company Marubeni Corporation has signed a Memorandum of Understanding with Scottish Enterprise on collaboration for the decarbonization of Scotland including floating offshore wind and green hydrogen businesses.The Scottish Government…
Dutch marine contractor Boskalis will install inter-array cables at Ørsted's for the German Borkum Riffgrund 3 and Gode Wind 3 offshore wind farms. Boskalis said Wednesday that the contract would include the transport, installation, and burial of a combined total of 106 inter-array cables…
Dutch offshore services firm Fugro will dispatch its Blue Essence, an offshore uncrewed surface vessel (USV) with an electric remotely operated vehicle (eROV), on its first project in the Netherlands.During operations, the vessel is controlled…
Shift Geothermal, a non-profit organization focused on geothermal energy, said Wednesday it was launching a bid to establish a new national center in the UK for geo-energy to realize the potential of a huge untapped UK energy source. This also…
Offshore energy industry engineering firm Aquaterra Energy has won a $4.4 million contract with BW Energy for delivery of multiple conductors tensioning units for the repurposing of the Hibiscus Alpha jack-up rig to an offshore installation (OI)…
The Biden administration on Tuesday said it was taking steps to designate a national marine sanctuary off the coast of central California. President Joe Biden has set a goal of safeguarding 30% of U.S. land and water over the next decade. The…
Seismic data company CGG has licensed its Northern Viking Graben multi-client seismic data set in the Northern North Sea to Northern Lights JV DA, for use in its ongoing and future CO2 storage developments. Northern Lights JV DA, owned equally by Equinor…
Oil and gas industry trade bodies OGUK, Norwegian Oil and Gas Association, BVEG, NOGEPA, and Oil Gas Denmark representing five countries across Europe 'pioneering lower-carbon oil and gas in the North Sea' have signed a formal agreement to…
Offshore vessel operator Olympic Subsea said Wednesday it had struck a deal with a majority of its bank lenders for a restructuring of the financial indebtedness of the group. The terms of the transaction will result in a reduction in annual debt service…
General Electric Co's plan to spin off energy units into a standalone company could attract investors looking for a well-known name in renewables if they can overlook legacy fossil-fuel operations, financial experts said.Earlier on Tuesday,…
Colombian majority state-owned oil company Ecopetrol's third-quarter net profit surged to 3.81 trillion pesos ($983.4 million) on higher crude prices and structural changes implemented to meet recent industry challenges, the company said on Tuesday…
ADNOC Drilling posted a rise of almost 50% in third-quarter profit on Wednesday, driven by new rigs and reactivation of others this year, in addition to an increase in oilfield services.The unit of Abu Dhabi National Oil Company, which went public last month…