Offshore Europe News

Ideol, BYUM Sign Concrete Floater Construction Deal

9 hours ago

Ideol, a France-based France developer of floating foundations for offshore wind, has signed a collaboration agreement with Swedish Bygging Uddemann (BYUM). BYUM is a solution provider for serial production of concrete structures.According to Ideol's statement on Thursday…

Aker BP Posts Higher Than Expected Operating Profit. Cuts Capex Guidance

9 hours ago

Norwegian independent oil firm Aker BP reported on Thursday higher-than-expected operating profits for the third quarter and slightly cut its expected spending for the full year.Operating profit rose to $242 million from $196 million in the same quarter a year ago…

Spanish Oil Firm Repsol Cuts Capex

12 hours ago

Spanish oil and gas group Repsol returned to profit in the third quarter after a deep loss in the second, and suggested it could spin off some of its growing renewables business to maximize investment returns.Repsol, however, said it would cut…

Denmark to Host Talks on Hesselø Offshore Wind Farm Tender

12 hours ago

Danish Energy Agency and Energinet will host a market dialogue for potential tenderers and the industry on the coming Hesselø Offshore Wind Farm tender. Hesselø Offshore Wind Farm is the second offshore wind farm agreed in the Energy Agreement of June 2018…

Equinor Takes $2.9B Hit in Asset Write-offs

14 hours ago

Norway's Equinor wrote off $2.93 billion from the value of its assets after cutting its long-term oil and gas price forecasts on Thursday, betting the pandemic and a shift away from fossil fuels will have a lasting impact on markets.The biggest hit came from a $1…

Eidesvik Offshore Nets Vessel Charters with Wintershall Dea, Deme

15 hours ago

Norwegian offshore vessel owner Eidesvik offshore has this week won contracts for two of its vessels, the Viking Princess and the Viking Neptun.On Wednesday, Eidesvik said it had secured a deal with the Norwegian oil firm Wintershall Dea Norge…

Rystad: Offshore Wind to Become UK's Largest Renewable Energy Source in 2026

Oct 28, 2020

Installed offshore wind capacity will surpass onshore wind in the UK by 2026, and the UK will meet its goal to double its renewable energy capacity by 2030 four years early.This is according to the Norwegian energy intelligence company Rystad Energy…

Aker Solutions EBITDA Boosted by One-Off Gain from CCS and Offshore Wind Spinoffs

Oct 28, 2020

Norwegian offshore engineering and equipment provider Aker Solutions reported a drop in revenue in the third quarter of 2020, but its net profit rose. Aker Solutions' result received a one-off boost from the listing of carbon capture and offshore wind spinoffs…

Eni Posts 3Q Loss. Output Drops but Full Year Forecast Unchanged

Oct 28, 2020

Italian energy group Eni's balance sheet remains strong, it said on Wednesday after swinging to a third-quarter net loss as the coronavirus crisis took its toll.The company said it recorded an adjusted net loss of 0.15 billion euros ($177 million)…

Ørsted's 3Q Results Beat Expectations

Oct 28, 2020

Danish energy group Ørsted beat third-quarter profit expectations on Wednesday but said offshore wind projects in the United States faced “significant” delays.The world’s largest offshore wind farm developer kept its full-year guidance for earnings before interest…

Vår Energi Pens Deals with Dozen Norwegian Service Firms

Oct 28, 2020

Norwegian oil and gas company Vår Energi said Wednesday it had entered into five-year framework agreements with twelve Norwegian service providers.The framework agreements include the provision of services both offshore and onshore, and, according to Vår Energi…

Saipem Expects 'Brighter' Year End After Q3 Loss

Oct 28, 2020

Italian energy services group Saipem expects no major delay to projects and predicted brisker business in the last part of the year after swinging to a loss in the third quarter.'We are not out of the woods yet ... (but) the picture starts to get brighter…

Borr Drilling Sells Cold-stacked Jack-up Rig

Oct 28, 2020

Offshore drilling contractor Borr Drilling has agreed to sell its 2003-built cold stacked jack-up drilling rig 'Atla' to an unnamed independent operator.'The completion of the sale is expected in the fourth quarter 2020. Together with the previously…

GC Rieber Shipping Nets W2W Gig in Offshore Wind Sector

Oct 28, 2020

Norwegian offshore vessel owner GC Rieber Shipping has won a short-term charter for its Polar Queen walk-to-work vessel.GC Rieber Shipping said Wednesday the contract for the vessel was with a  'Tier 1 client in Europe for work in an offshore wind park…

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