Offshore Europe News - page 10

'Major' Oilfield Service Firm Books Solstad Offshore's CSV for South America Work

Oct 29, 2021

Norwegian offshore vessel operator Solstad Offshore has won a contract for its construction support vessel Normand Samson.The CSV Normand Samson was chartered by a major oil service firm for a minimum of 350 days, with the possibility to extend for an additional 150 days…

China's MingYang to Deliver 11MW Wind Turbine for European Floating Wind Project

Oct 29, 2021

Chinese offshore wind turbine maker MingYang has secured an order to supply its 11MW offshore wind turbine for a floating wind project in Europe.The company said Friday the order was related to an offshore floating wind power pilot project in…

OMV to Sell Stake in Arctic Offshore Oil Field Wisting to Lundin Energy

Oct 28, 2021

Austrian oil and gas company OMV has agreed to sell its 25% stake in the Wisting offshore oil field in the Barents Sea off Norway, to the Swedish oil firm Lundin Energy for $320 million. OMV, which discovered the oil field in 2013, said it was focusing increasingly on low-carbon projects…

Aker BP Raises Dividend as Q3 Profit Jumps on Strong Oil, Gas Prices

Oct 28, 2021

Norway's Aker BP said on Thursday it would increase its dividend payout as third-quarter profits soared on the back of strong oil and gas prices.Earnings before interest and tax (EBIT) for July-September rose to $849 million from $242 million a year ago…

Weak Q3 and Mixed 2022 Guidance Overshadow Saipem's New Plan

Oct 28, 2021

Weak quarterly results and mixed 2022 guidance overshadowed a new business plan from Saipem on Thursday, sending shares in the Italian energy services group down more than 8%.In his first strategy plan, Chief Executive Francesco Caio said Saipem…

Shell Sets Tougher Climate Targets, Q3 Income Below Expectations

Oct 28, 2021

Royal Dutch Shell set itself tougher emissions-cutting targets on Thursday, even as it reported a lower-than-expected third-quarter profit of $4.13 billion.The oil major said it would cut absolute emissions from its operations and the electricity it uses…

TotalEnergies Says Gas Prices Should Stay High, Q3 Earnings Soar

Oct 28, 2021

TotalEnergies' earnings rose sharply in third quarter, the French energy group said on Thursday, as it reaped the rewards of surging power prices and predicted gas prices would remain high in Europe and Asia though next spring.The company's third-quarter adjusted net profit soared to $4…

Siem Offshore's PSV to Feature Wärtsilä Energy-saving Hybrid Propulsion

Oct 28, 2021

Finland-based marine equipment and technology provider Wärtsilä will upgrade Siem Offshore's platform supply vessel ‘Siem Pride’ for hybrid engine and battery propulsion. The upgrade will enable the vessel to reduce the number of engines in…

ASCO to Provide Logistics Services for Horisont Energi's Barents Blue Project

Oct 27, 2021

Horisont Energi, a Norwegian company developing a blue ammonia project in Norway that involves offshore carbon storage, has signed a four-year framework deal with logistics and supply company ASCO Norge, with an option to extend it.Horisont…

Nord Stream 2 is Not a Threat to Gas Supply to EU - German ministry

Oct 27, 2021

Allowing Nord Stream 2 to pump Russian gas to Germany will not threaten supplies to the European Union, the German Economy Ministry said on Tuesday, clearing a major hurdle for the disputed pipeline.While the pipeline is ready to start operations…

Floating Wind Farm of Up to 1.3 GW Proposed Off Lecce, Italy

Oct 27, 2021

Renewable energy firms Falck Renewables and BlueFloat Energy said Tuesday there were about to file, on behalf of the company Odra Energia, the documentation required to start the authorization process for a floating offshore wind farm off the southern coast of the province of Lecce…

Vår Energi's Shareholders Launch Strategic Review

Oct 27, 2021

Eni and Point Resources plan to launch a strategic review regarding the future ownership structure of the Norwegian offshore oil and gas company Vår Energi.Italian oil giant Eni a owns 69.85% stake in Vår Energi, and HitecVision-backed Point Resources owns the remaining 30…

Neptune Energy Drills Duster at Tail Prospect Offshore Norway

Oct 27, 2021

Oil and gas company Neptune Energy Norge AS has concluded the drilling of the exploration well 33/6-5 S (Tail prospect) in the North Sea, off Norway. According to the Norwegian Petroleum Directorate, the well is dry.Neptune drilled the wildcat well using the Deepsea Yantai drilling rig…

Iberdrola's Net Profit Falls 10% on High Energy Costs, Taxes

Oct 27, 2021

Global wind power leader Iberdrola reported a 10% fall in net profit on Wednesday but beat market expectations for a turbulent nine months on energy markets which saw its home government in Spain swoop on utilities' earnings.Power and gas prices…

Equinor Posts Strongest Quarterly Result in Nine Years

Oct 27, 2021

Norway's Equinor posted its strongest quarterly result in nine years on Wednesday, driven by a global energy supply crunch that pushed Europe's natural gas prices to record highs and sent the value of derivative contracts soaring.The company…

Current News

Equinor Opens New York Offshore Wind Project Office

ICMS Installs CTV Pontoon for Scotland’s Largest Offshore Wind Farm

Six Offshore Renewable Tech Developers Get EU Support

Blighter's Radars to Protect Oil Platforms Offshore W. Africa

Subscribe for OE Digital E‑News