Japanese trading house Sumitomo Corp said on Tuesday it had tied up with RWE AG for the German utility's 353-megawatt Five Estuaries offshore wind farm project in the UK, with an aim to start commercial operations in 2030.RWE said on Monday…
Oil prices dropped on Tuesday, paring gains from the previous session, as persistent demand concerns due to the coronavirus pandemic outweighed hopes generated by a new U.S. stimulus package that lawmakers are struggling to agree.More than 1…
Norwegian seismic survey company SeaBird Exploration has seen a contract in South America terminated.Under the terms of the letter of award announced in April, the source contract in South America should have started in Q3, with a duration of about 30 - 45 days…
Lundin Energy has raised its reserve estimate for Norway's Edvard Grieg oilfield by 50 million barrels of crude, an increase of 17%, and boosted output plans for the coming years, the Swedish company said on Tuesday.So-called plateau production…
Norwegian energy intelligence company Rystad expects that the market demand for large-diameter offshore pipelines, known as trunklines, will see an annual drop of 26% this year.According to Rystad, the length of total installations this year is forecasted to reach 2…
Norwegian oil and gas company Equinor has discovered oil and gas at its Swisher prospect in the North Sea, offshore Norway.Recoverable resources are estimated to be in the range of 2-6 million standard cubic meters of oil equivalent, or around to 13-38 million barrels of oil equivalent…
A fire at Equinor's Melkoeya liquefied natural gas (LNG) plant in the north of Norway halted output on Monday but caused no injuries, police and the company said.Images on local media showed plumes of smoke rising from the plant, but the fire was eventually put out…
Edison Chouest Offshore's marine services affiliate C-Innovation has acquired the controlling interest in Caltex Oil Tools, a provider of equipment rentals, services, and customized engineering capabilities to the offshore industry.C-Innovation said that the Houston-based Caltex…
UK-based engineering company Sea and Land Project Engineering (SLPE) has won the bid for the provision of a wind turbine foundation concept design for the Inch Cape offshore wind farm in Scotland, UK.The Inch Cape offshore wind farm project is being developed by Red Rock Power Limited subsidiary…
Renewables giant RWE has, together with its partners, signed agreements in the UK to expand the existing offshore wind farms Gwynt y Môr, Galloper, Greater Gabbard, and Rampion. The granted seabed leases comprise extension projects with a combined potential installed capacity of around 1…
Wintershall Noordzee has completed the drilling of a well at the Sillimanite South field discovery in the Dutch North Sea, and converted it into a development sidetrack.It was the third well drilled in sequence after the two Sillimanite Unit…
OPITO, a UK-based skills and workforce body whose main focus has been offshore oil and gas - as its full name Offshore Petroleum Industry Training Organization suggests - is shifting its course and venturing into renewables.The organization…
Swedish power company Vattenfall has inaugurated its first floating solar farm in Gendringen, the Netherlands.The solar farm, with a capacity of 1.2 megawatts, was built on the site of the sand and gravel extraction company Netterden.'This means that from now on…
Nigeria's long-awaited oil reform bill would privatize the Nigerian National Petroleum Company (NNPC), amend changes to deepwater royalties made late last year and scrap key regulatory agencies in favor of new bodies, a copy of the bill seen by Reuters showed…
Offshore heavy transport and installation contractor OHT has been admitted to trading on Merkur Market in Norway under the ticker code OHT-ME.OHT, which apart from its traditional heavy lift and transportation business is increasingly shifting focus on offshore wind…
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