A senior executive for Norwegian oil company Equinor said on Tuesday that the 'the clock is ticking' to achieve an energy transition away from hydrocarbons.'If we don't take action, we'll end up losing out,' Equinor's Senior Vice President for…
David Wells, CEO of offshore energy and marine consultancy AqualisBraemar LOC will retire at year-end and step down as CEO of the group. The board of directors has appointed Wells’ co-founder and current COO of AqualisBraemar LOC, Reuben Segal…
Polish state-controlled utilities PGE and Tauron Polska Energia are seeking regulatory approval to create a joint venture to develop offshore wind projects, the companies' representatives told Reuters on Monday.PGE and Tauron, both major power generators and distributors in Poland…
ConocoPhillips presented on Monday plans for the development of Norway's Tommeliten A gas and condensate discovery, with total investments expected to amount to 12.5 billion crowns ($1.46 billion), the U.S. oil firm said.Located in the southern sector of Norway's North Sea…
The completion of the controversial Nord Stream 2 gas pipeline to bring more Russian gas into Germany under the Baltic Sea would go some way to relieving the tight gas market this winter, but there were other factors at play, the chief finance officer of utility Uniper said…
Cairn Energy, soon to be renamed Capricorn Energy, has farmed into five Deltic Energy's gas licenses in the Southern North Sea, off the UK.The two companies first announced the farm-out deal in August 2021, and have now received the necessary…
Aker Offshore Wind, Ocean Winds, and Statkraft have agreed to jointly bid for, develop, construct, and operate offshore wind and associated infrastructure for the Utsira Nord license area offshore Norway.The equal partnership will submit an…
Norwegian offshore vessel owner Havila Shipping has sold the platform supply vessel Havila Crusader.Havila Shipping said Friday it had sold the platform supplier to a foreign owner, 'who will use the vessel outside the offshore industry. 'The…
The Irish government on Thursday set out climate targets for key sectors of the economy it said were needed to cut greenhouse gas emissions by 51% by 2030, a plan it said will require around 125 billion euros ($144 billion) of private and public investment…
U.K.-based safety and survival solutions provider Survitec said it has completed its acquisition of Blue Anchor Fire & Safety, a Scottish provider of survival solutions to the fisheries, maritime and offshore energy industries.The investment…
Scotland-based oil and gas company Cairn Energy has announced plans to change its company name from Cairn Energy to Capricorn Energy. The change is expected to take effect from December 13, 2021. The LSE stock ticker will remain as CNE.'This…
Ireland-based oil and gas company Providence Resources has completed a seabed, shallow geophysical, and environmental baseline survey over the K Well drilling location of the Barryroe field.The Barryroe field lies in approximately 100-meter water depth in the North Celtic Sea Basin and is located c…
Offshore Wind Consultants (OWC), a subsidiary of AqualisBraemar LOC, has said it has secured a large contract to provide engineering services for an offshore wind development project on the UKCS. AqualisBraemar LOC defines a large contract as between $4 million and $7 million…
Subsea services firm MMT, a subsidiary of Ocean Infinity, has chartered a Solstad Offshore construction support vessel.The Norwegian offshore vessel owner said Thursday that MMT would take its Far Superior vessel on a two-year charter with a one-year extension option…
Norwegian offshore vessel owner Siem Offshore has secured more work for its vessels Siem Stingray and Siem Spearfish.GE Renewable Energy has exercised the remaining options for Siem Offshore's construction vessel Siem Stingray. The contract…