Equinor on Wednesday posted a record $74.9 billion adjusted operating profit for 2022, more than double its previous record thanks to soaring gas prices and with fourth-quarter results beating analysts' expectations.The oil and gas producer's…
BP on Tuesday reported a record profit of $28 billion for 2022, lifted by the surge in energy prices since Russia's invasion of Ukraine, while boosting its dividend in a sign of confidence as it scaled back plans to reduce oil and gas output by 2030…
The Norwegian company BOA OCV said Monday it had agreed to sell the subsea construction vessel BOA Sub C. The company did not say who the buyer was or what the vessel's sale price was.'After completion of closing, BOA OCV expects, over one or several sweeps over the next three months…
Sif, a Dutch manufacturer of monopiles and transition pieces (TP) for offshore wind turbines, said it would produce 14 jacket piles for the BorWin5 offshore grid connection project on behalf of Dragados Offshore. Dragados Offshore, in consortium with Siemens…
The Service Operation Vessel (SOV) “Windea Leibniz” on Saturday completed an extensive upgrade at Ulstein Shipyard in Norway. The vessel is managed by Bernhard Schulte Shipmanagement (BSM).'With an increase of cabins from 60 to over 80, the…
Dubai's shipbuilding and shiprepair company Drydocks World and Norwegian offshore engineering and construction firm Aker Solutions have established a joint venture to upgrade the Petrojarl Knarr FPSO for Equinor's Rosebank offshore oil and gas field in the UK…
Austrian company OMV said Friday that drilling of the Eirik exploration well in the Norwegian section of the North Sea had begun.As the owner of the production license (PL) 817 where the well is located, OMV is using the semi-submersible drilling rig Deepsea Yantai…
Norwegian offshore wind vessel owner Edda Wind has secured a one-year contract extension with Ørsted for its Edda Mistral vessel.Since its delivery in 2018, the Service Operation Vessel (SOV) Edda Mistral has been operating for Ørsted at the Hornsea 1 offshore wind farm in the United Kingdom…
Romanian oil and gas group OMV Petrom is 'closer than ever' to starting construction of its Neptun Deep gas project, its chief executive said on Thursday of the Black Sea resources she says are key to the country's energy security. The company…
A new offshore wind tender that allows bidders to compete on their willingness to pay the German government rather than receiving subsidies could ultimately result in higher power prices, Ørsted's CEO said on Wednesday.Germany's federal network…
Norway's Equinor said European Union sanctions had prevented it from providing services and equipment to inspect the damaged Nord Stream gas pipelines last year, revealing for the first time why Norwegian assistance was not forthcoming.In September…
Four Greenpeace activists on Tuesday boarded the heavy transportation vessel carrying Shell's Penguins FPSO aboard, calling on the oil major to 'Stop Drilling. Start Paying.'Six Greenpeace International activists attempted, and four managed…
Island Offshore, a Norwegian offshore support vessel owner, has sold its 2013-built offshore support vessel Island Crown to the defense ministry.The vessel, built by Vard, will be converted to support Royal Navy mine-hunting operations – serving…
Ireland-based oil company Barryroe Offshore Energy has confirmed the appointment of Alan Curran as Chief Executive. Curran has held the role of Interim Chief Executive since July 4, 2022.Also, the company, previously known as Providence Resources…
Norwegian oil and gas companies Equinor and Var Energi said Wednesday they were leaving Horisont Energi's Barents Blue project, which is designed to make ammonia from natural gas from the Barents Sea, capture the CO2, and store it under the seabed…