Italian offshore services provider Next Geosolutions (NextGeo) has secured a contract worth more than $32.7 million (€28 million) as lead partner of a consortium for marine survey work on a new high-voltage direct current (HVDC) link in Italy…
Energy data and intelligence TGS has secured an offshore wind site characterization contract in Europe.The Ramform Vanguard vessel is scheduled to begin data acquisition in the second half of July.The contract has a duration of approximately 1…
The International Energy Agency sharply cut its forecasts for global oil supply and demand growth, saying both are now expected to fall from 2025 levels as war in the Middle East disrupts oil flows and weighs on the global economy.The IEA now sees global oil demand falling by 80…
BP said on Tuesday it expects its huge oil trading desk to post 'exceptional' results for the first quarter, signalling a windfall from the spike in oil prices LCOc1 triggered by the U.S.-Israeli war against Iran.The company also said in a quarterly…
Norwegian offshore vessel owner Solstad Maritime has secured a two-year extension of the current contract for the subsea construction vessel (CSV) Normand Fortress with Petrobras.The extension will start in early July 2026. Under the extended contract…
Austrian oil and gas group OMV has proposed Emma Delaney as its new Chief Executive Officer (CEO), with the Supervisory Board set to decide on the appointment at its next meeting.Delaney is proposed to take over as Chairwoman of the Executive Board and CEO from September 1…
The Middle East war is giving fresh momentum to Europe's push for energy independence andbolstering the case for offshore wind farm developments, the CEO of Denmark's Orsted said on Thursday.Europe, a major importer of fossil fuels, has seen energy prices soar in recent weeks as the U…
The Northern Lights JV has added a third liquefied carbon dioxide (LCO2) carrier to its fleet, as it expands transport capacity for Europe’s carbon capture and storage (CCS) network.The vessel, Northern Phoenix, was formally welcomed in Bergen…
A group of European offshore wind and marine engineering companies has launched a consortium to develop technology aimed at reducing underwater noise from offshore construction.The Searénité consortium brings together Chantiers de l’Atlantique…
RWE has installed the world’s first offshore wind turbine featuring a CO2-reduced steel tower and recyclable rotor blades at Denmark’s Thor offshore wind farm.The 1.1 GW project, located off Denmark’s west coast, will include 72 turbines of up to 15 MW each…
Oil prices rose on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of Hormuz will remain restricted.Brent crude futures LCOc1 were up $2.18, or 2.3%, at $96.93 a barrel at 0645 GMT…
Subsea Cable Assets (SCA) has secured its first framework contract with 50Hertz to deliver cable storage and handling systems for power grid projects in Germany.The contract, awarded through a European tender process, covers the engineering…
Perenco has completed the acquisition of Saturn Banks assets in the U.K. Southern North Sea after receiving regulatory approval.The transaction, agreed with CalEnergy Resources, includes the purchase of CalEnergy North Sea Limited and CalEnergy Infrastructure Limited…
Nexans and Statnett have completed a 420 kV subsea cable project across the Fensfjord in western Norway, strengthening power supply to Bergen and surrounding industrial areas.The project, awarded in 2022, included the engineering, manufacturing…