Offshore Europe News - page 2


Six New Gas Wells in Line for BP’s Shah Deniz Field in Caspian Sea

Feb 11, 2025

BP plans to add six new wells to its operation in Azerbaijan's Shah Deniz gas field in the Caspian Sea to ensure stable production in the years ahead, a senior manager at the international energy major told Reuters.BP currently operates 21 gas wells in Shah Deniz…

Next Ocean Scoops Investment to Scale Up Vessel Motion Radar Tech

Feb 11, 2025

Next Ocean, a Dutch developer of Vessel Motion Radar systems for offshore wind and oil and gas industries, has secured seed investment from Arches Capital to drive its business expansion.This funding will accelerate Next Ocean’s growth, enabling the company to scale production…

Saipem Lands $620M Revolving Credit Facility

Feb 11, 2025

Italian offshore energy services firm Saipem has entered into a new $620 million revolving credit facility with a pool of fourteen national and international financial institutions.The facility has a tenor of three years, extendable for a further…

Norway to Offer New Acreage Only for Floating Wind

Feb 11, 2025

Norway will not offer acreage suitable for bottom-fixed offshore wind farm development when it next announces new tenders, and will instead focus on floating wind options, it said on Monday.The government had previously said it would offer new…

BP Posts Lowest Quarterly Profit in Four Years

Feb 11, 2025

BP reported quarterly profit of $1.17 billion on Tuesday, weaker than expected and the lowest in four years, while the company promised to reset its strategy, after news broke at the weekend that investor Elliott Management had built up a stake…

Aker Solutions Secures Work at BalWin1 Offshore Wind Grid Link System

Feb 11, 2025

Aker Solutions has signed a contract with Dragados Offshore to deliver the steel substructure for the 2 GW HVDC converter station for the BalWin1 offshore wind grid connection system in Germany, being developed by transmission system operator (TSO) Amprion Offshore…

BP’s Shares Soar on Elliott Stake Increase

Feb 10, 2025

Shares in BP rose by 7% to their highest since August in early trade on Monday, after investor Elliott Management built a stake in the energy major it is expected to use to press for change in strategy and to the board.By 0901 GMT, the shares were up about 7% to 462…

Source Galileo, Portland Port to Progress Offshore Wind in English Channel

Feb 10, 2025

Renewable energy company Source Galileo has signed a non-exclusive memorandum of understanding (MoU) with Portland Port, a commercial port on the South Coast of England, to jointly advance offshore wind development off Dorset coast in English Channel…

Van Oord’s Nexus CLV Gets Emissions Reduction Upgrade

Feb 10, 2025

A series of advanced selective catalytic reduction (SCR) systems has been installed on Van Oord’s cable-laying vessel (CLV) Nexus by Damen Shipyards Group in an effort to further reduce emissions.Five SCR units have been installed on the Nexus…

TGS Nets Two 4D Streamer Contracts Offshore Norway

Feb 10, 2025

Norwegian seismic firm TGS has secured two 4D streamer contract acquisition projects, one in the North Sea and the other in the Norwegian Sea.The 4D projects are scheduled to be acquired back-to-back and start in June 2025.The total duration of the two surveys is approximately 80 days…

Norway Clears Equinor for Drilling in Barents Sea

Feb 10, 2025

The Norwegian Offshore Directorate has granted Equinor a drilling permit for an exploration well in the Barents Sea.The permit is for a wellbore 7220/7-CD-1 H in production license 532, which is operated by Equinor with 46.3% working interest…

Eni Refutes Exmar’s Bonus Claims for Tango FLNG Unit in Congo

Feb 10, 2025

Italian energy giant Eni has refuted the Belgian contractor Exmar’s claims over its entitlement to bonus payment for the performance of Tango floating liquefied natural gas (FLNG) unit, deployed at Eni’s Marine XII offshore block in Congo.On February 5…

Louis Dreyfus, Tidal Transit JV to Supply CTV for French Offshore Wind Farm

Feb 07, 2025

LD Tide, a joint venture between Louis Dreyfus Armateurs and Tidal Transit, has been selected to supply a Crew Transfer Vessel (CTV) for the operation and maintenance services of the 488 MW offshore wind farm, being developed by Ocean Winds in France…

RWE's 302MW Offshore Wind Farm to Help Balance German Power Grid

Feb 07, 2025

RWE has set out plans to offer a system-stabilizing secondary reserve, also known as automatic frequency restoration reserve, for the German power grid via its Amrumbank West offshore wind farm.The transmission system operator TenneT recently…

Scana’s Subseatec Hooks Supply Deal for Subsea Production Systems

Feb 07, 2025

Scana-owned Subseatec has signed a frame agreement with an international company within subsea technology to act as its exclusive global supplier of steel parts for subsea production systems.The frame agreement will begin in the first quarter of 2025 and extend for a period of three years…

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