Offshore Europe News - page 3


Germany Could Quadruple Current Offshore Wind Capacity by 2035

Jan 23, 2023

Germany said on Friday it has drawn up new development plans for offshore wind turbine sites to reach a target for 30 gigawatts (GW) of installed wind power capacity by 2030.The plans by the Federal Maritime and Hydrographic Agency (BSH) will ensure that the target can be met…

Eni CEO Descalzi Set for Record for Fourth Term

Jan 23, 2023

The chief executive of Italy's Eni Claudio Descalzi is on course to secure Prime Minister Giorgia Meloni's backing for an unprecedented fourth term at the top energy group, sources told Reuters.Another three years in office would make Descalzi…

Hellenic Cables to Boost Subsea Cable Production Capacity with $86M Investment

Jan 20, 2023

Subsea cable maker Hellenic Cables plans to invest around 80 million euros (currently ~$86,47 million) over two years to meet the growing demand for 'electrification driven by the accelerating transition to a low-carbon economy.'The program…

Third Floating LNG Terminal Arrives in Germany

Jan 20, 2023

A floating terminal to import liquefied natural gas (LNG) arrived in the port of Brunsbuettel on Friday, the third such vessel to start up in recent weeks as Germany rushes to diversify away from former top supplier Russia.The Hoegh Gannet floating…

Oilfield Giant SLB Beats Wall St. Q4 Estimates

Jan 20, 2023

Top oilfield services firm SLB on Friday reported results that topped Wall Street estimates for fourth-quarter profit on strong global demand for its drilling services and equipment.Formerly called Schlumberger, SLB has benefited from increased…

Norway's December Oil Output Lags Forecast by 10%

Jan 20, 2023

Norway's crude oil output rose in December from the previous month, but lagged the official forecast, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Friday.Crude oil output rose to 1.77 million barrels per day (bpd) in December…

No New UK Oil and Gas Fields under a Labour Gov't, Starmer Says

Jan 20, 2023

Britain's opposition leader Keir Starmer said on Thursday there would be no investment in new oil and gas fields in Britain under a Labour government - a big change from current UK energy policies.Starmer said during a panel discussion at the…

Saipem Secures $900M in Offshore Contracts with TotalEnergies and Equinor

Jan 20, 2023

Italian offshore engineering and construction company Saipem said Friday it had won two offshore contracts worth $900 million in total.First, together with Aker Solutions, Saipem won a contract with the French oil major TotalEnergies in Brazil…

UK Defense Ministry Buys Offshore Construction Vessel for Subsea Cable, Pipelines Protection

Jan 19, 2023

The UK defense ministry has acquired a subsea construction vessel that used to work in the offshore energy industry. The vessel, Topaz Tangaroa, will undergo a period of military modification and will be used to protect subsea cables and oil and gas pipelines…

SLB Wins Russia Business as Oilfield Rivals Exit after Ukraine Invasion

Jan 19, 2023

Following Moscow's invasion of Ukraine, world's largest oilfield firm SLB has boosted its business in Russia by cherry-picking service and equipment contracts from rivals who left, according to company documents and people familiar with its operations…

IEA's Birol Expects Tighter Energy Markets in 2023

Jan 19, 2023

International Energy Agency (IEA) head Fatih Birol said on Thursday that energy markets could be tighter in 2023, adding he hoped prices would not rise further in order to ease the pressure on energy-importing developing countries.'I wouldn't be too relaxed about the markets…

Hoegh Pens 10-year FSRU Charter Deal with Germany

Jan 19, 2023

Höegh LNG said Thursday it had signed a binding 10-year charter with the German government for the supply of the floating storage and regasification unit (FSRU) Hoegh Gannet.The FSRU vessel will be based at the Deutsche Energy Terminal GmbH-run Elbehafen LNG project in Brunsbüttel…

UK North Sea Oil Giant to Cut Jobs Due to Windfall Tax

Jan 18, 2023

The British North Sea's biggest oil and gas producer Harbour Energy told its staff that it plans job cuts in the wake of a windfall tax imposed on the sector last year, the company said on Wednesday.The jobs would be cut in Harbour Energy's headquarters in the North Sea hub of Aberdeen…

Swift Anchors Looking to Expand Engineering Team

Jan 18, 2023

Swift Anchors, a UK-based company that develops anchoring solutions for the global offshore energy (floating wind, floating solar, tidal and wave) and aquaculture industries, is looking for new engineers to join its team. The company said that…

Crogga Gas Field Appraisal Well Could Bring Energy Independence to Isle of Man

Jan 17, 2023

Three60 Energy said Tuesday it had won a contract with Crogga Limited to drill an appraisal well in the Crogga gas field offshore the Isle of Man. If the well proves successful, it has the potential to provide energy independence to the Isle of Man by 2026…

Current News

EVENT: Reuters U.S. Offshore Wind Returns to Boston

Dogger Bank: Equinor, SSE Looking to Expand World's Largest Offshore Wind Farm

BOA OCV to Sell Subsea Construction Vessel BOA Sub C

Sif to Build Jacket Piles for BorWin5

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