French oil major TotalEnergies beat expectations for fourth-quarter earnings on Wednesday as higher trading profits in the gas market helped it offset some of the impact of low oil prices and weak fuel demand.Adjusted net income for the final three months of 2024 was $4…
Norwegian oil and gas company Vår Energi has signed a letter of intent with OneSubsea for the delivery of Subsea Production Systems (SPS) to reduce project development time. The pre-commitment will give Vår Energi the ability to shorten subsea tie-back development time by up to one year…
The Welsh Government has taken an $9.9 million equity stake in the Morlais tidal energy scheme to ensure progress of what is set to become the largest tidal energy project in Europe.Owned and managed by Ynys Môn social enterprise Menter Môn…
Specialist provider of offshore support services Interocean Marine Services has secured a three-year contract to provide marine vetting and assurance to the Morgan, Mona and Morven offshore wind projects.The offshore wind farms are being developed…
Acteon, through its geo-services brand UTEC, has completed the first year of a three-year balance of plant inspection contract with Siemens Gamesa Renewable Energy (SGRE) for the 228 MW Butendiek offshore wind farm in Germany.During the first year…
Shell has restarted production at the Penguins field in the U.K. North Sea with a new floating, production, storage and offloading (FPSO) unit.The previous export route for the field, operated by Shell with 50% interest, and partner NEO Energy with the remaining 50%…
The European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have granted a total of $623.6 million to support the development of 1.5 GW Baltica 2 offshore wind farm, the second and the largest offshore wind farm in Poland…
The consortium of pension fund ABP, pension investor APG and wind energy developer SSE has signed a realization agreement with transmission system operator (TSO) TenneT for the Dutch offshore grid connection of 2 GW IJmuiden Ver Alpha wind farm…
U.K.-based offshore wind crew transfer vessel (CTV) owner Tidal Transit has secured equity financing from maritime and logistics investor HICO Investment Group to expand its fleet with six new electric CTVs (E-CTVs).The strategic expansion is…
Iberdrola has inaugurated the operation and maintenance (M&O) centre in Saint-Brieuc, where 80 people will work to service its 496 MW offshore wind farm.The center, located in Binic-Établesm, controls and manages the electricity production and maintenance of the offshore wind farm…
Danish offshore wind installation firm Cadeler has signed two contracts with undisclosed clients for the utilization of its newbuild wind turbine installation vessel (WTIV), Wind Mover, starting immediately upon delivery.The vessel, currently under construction at Hanwha Ocean Shipyard in Korea…
Danish offshore wind installation firm Cadeler has taken delivery its new wind turbine installation vessel (WTIV) Wind Maker, the first of the two planned M-class vessels to join its growing fleet.Wind Maker was officially named at a naming ceremony at the Hanwha Ocean Shipyard in Korea…
Ørsted has appointed Rasmus Errboe, current Deputy CEO and Chief Commercial Officer, as new Group President and CEO of the company replacing Mads Nipper who will step down from his position.Mads Nipper joined Ørsted in January 2021. He will step down as CEO on February 1…
Equinor has awarded Tromsø-based Lufttransport RW the assignment of operating five new helicopters from manufacturer Leonardo, which will be used to transport passengers on the Norwegian continental shelf (NCS).The five new helicopters are type AW189 aircraft…
Vattenfall and BASF have signed contracts with four suppliers for key components and installation services for Nordlicht 1 and 2 offshore wind farms, hiring EEW Special Pipe Constructions (SPC), CS WIND Offshore, DEME, and Jan De Nul to deliver the projects…