Offshore Europe News - page 6

North Sea Renewables Grid Project to Provide Clean Power to Offshore Oil and Gas Platforms

May 04, 2023

Cerulean Winds plans to build an offshore integrated green power and transmission system, powered by floating wind, that North Sea oil and gas platforms will plug into for clean power, under the project called the North Sea Renewables Grid (NSRG)…

Shell Posts Q1 Profit of $9.65B

May 04, 2023

Shell on Thursday posted first-quarter net profit of $9.65 billion, topping analysts' forecasts, as strong earnings from fuel trading offset cooling oil and gas prices. Shell kept its dividend unchanged at $0.2875 per share and also kept the…

Norway Oil Workers Agree Wage Deal, Avert Strike

May 03, 2023

Wage talks between Norwegian oil firms and two labor unions ended in a deal on Wednesday, industry and union officials said, averting the risk of strike action later this year.The Lederne union as well as Industri Energi both came to an agreement with companies…

Russia Calls for Probe into Nord Stream Pipeline Blasts to Speed Up

May 02, 2023

The Kremlin on Tuesday called for the investigation into the blasts of Russia-designed Nord Stream gas pipelines to be speeded up and any results to be published. In September 2022, several unexplained underwater explosions ruptured the Nord…

Reach Subsea Secures Five-month Deal in Offshore Wind Sector

May 02, 2023

Subsea services company Reach Subsea said Tuesday it had secured a five-month contract with an unnamed  'major renewable energy company,' for delivery of offshore wind-related services.The subsea vessel Deep Cygnus will be utilized on the project…

BP's Profit Rises to $5B as Share Buyback Slows

May 02, 2023

BP BP.L made a profit of $5 billion in the first quarter of 2023, up from the previous three months on the back of strong oil and gas trading, but the company's shares fell as it slowed a share buyback program.BP's results, which beat forecasts…

Floatel Endurance Selected for Skarv Satellites Project Offshore Norway

Apr 28, 2023

Floatel International, a company providing offshore accommodation rigs to oil and gas companies, said Friday it had won a contract with the Norwegian oil company Aker BP.The contract is for modifications and maintenance activities related to the Skarv FPSO unit…

Eni Q1 Net Profit Beats Expectations on Strong Gas Business

Apr 28, 2023

Italian energy group Eni said on Friday its first-quarter net profit fell 11% year on year on lower oil and gas prices compared with the first three months of 2022, when Russia's invasion of Ukraine sent energy prices soaring. Adjusted net profit for the period came in at 2…

Norway Plans to Nationalize Gas Pipelines When Concessions Expire

Apr 28, 2023

Norway plans to nationalize most of its gas pipeline network when many existing concessions expire in 2028, the oil and energy ministry said on Friday, to tighten control over key infrastructure. Norway has become Europe's largest supplier of gas…

Aker BP Keeps Dividend, Guidance Despite Q1 Profit Drop

Apr 27, 2023

Norway's second-largest listed oil company Aker BP said on Thursday it was maintaining its outlook, and its quarterly dividend at $0.55 per share, despite reporting an on-year fall in quarterly operating profit. The company, partly owned by BP…

BASF Eyes Sale of Wintershall Dea, IPO Preferred Option

Apr 27, 2023

German chemicals group BASF on Thursday said it was working to exit energy business Wintershall Dea, with a stock market listing remaining the preferred option.CEO Martin Brudermueller also flagged a possible sale of the oil and gas producer to investors…

Transocean Drills 'First' Fully-automated Hole Section of Offshore Well

Apr 27, 2023

Offshore drilling firm Transocean said Thursday it had recently drilled its first fully-automated hole section of a well.The milestone, which Transocean described as significant, was achieved in the Norwegian Sea, offshore Norway.The company…

Edda Wind Orders MacGregor Gangway for Offshore Wind Vessel

Apr 27, 2023

Deck machinery specialist MacGregor has received an order from offshore wind vessel owner Edda Wind to equip one of its vessels with a walk-to-work system.The SOV vessel, to be delivered in the third quarter of 2024, will be equipped with MacGregor’s all-electric walk-to-work gangway Horizon…

Probe Launched after Worker Injured in Incident on Offshore Platform in Norway

Apr 27, 2023

The Norwegian offshore safety authority PSA Norway has launched an investigation into an April 22 incident on the Statfjord B offshore platform where a worker suffered facial injuries after getting hit by a 34-kilogram piece of equipment.The incident happened on Saturday…

Denmark, Germany to Study Hybrid Power Interconnector

Apr 27, 2023

Danish transmission system operator Energinet and German counterpart Amprion said on Thursday they will study the development of a hybrid electricity interconnector between Denmark and Germany, tying in offshore wind power.'An interconnector…

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