BP CEO Bernard Looney says he will not further scale back his energy transition strategy after ceding some ground earlier this year, despite investors penalizing the group over its plan to break away from rivals in cutting oil and gas output…
Dutch offshore installation services firm Boskalis has secured two contracts for the transportation and installation of the export and array cables for the Baltica 2 offshore wind farm off the coast of Poland. The two contracts have a combined value which is considered to be 'large…
British North Sea-focused oil producer EnQuest reported a loss after tax for the first half of this year on Tuesday, hit by the UK's windfall tax on the sector.The company, which has operations in the UK and Malaysia, reported loss after tax of $21…
The leaders of Israel, Greece and Cyprus pledged to deepen their energy cooperation on Monday and explore ways to get East Mediterranean gas to Europe, as well as connect electricity grids.The eastern Mediterranean has yielded major gas discoveries in the past decade…
Brazilian state-run oil company Petrobras said on Monday it has decided to halt some key asset sales after concluding a broad revision of divestment processes that were launched during the country's previous administration. The oil giant said…
Facility management services firm Coor has won a contract extension with Norway's Aibel, a service company specializing in oil, gas and renewable energy. Since 2014 Coor has developed and delivered integrated facility management services to five of Aibel’s facilities in Norway…
Floating LNG solutions provider Höegh LNG and the Norwegian oil and gas firm Aker BP have entered a strategic partnership to develop a 'fully comprehensive carbon transport and storage offering for industrial CO2 emitters in Northern Europe…
Offshore construction has officially started at RWE’s 1.4 gigawatts (GW) Sofia Offshore Wind Farm to install essential subsea cable infrastructure from the UK’s northeast coast to the wind farm site on Dogger Bank, in the central North Sea.Cable…
Carbon capture and storage (CCS) technology is key to ensuring the survival and competitiveness in Italy of industries including steel, cement and chemicals, energy group Eni and gas grid operator Snam said on Friday.The two groups joined forces…
Much has been written recently about the challenges facing U.S. offshore wind projects, resulting in requests to terminate or renegotiate contracts to sell power to states. Examples of these challenges can be found from Massachusetts to Virginia…
Washington has weighed into a dispute between Cyprus and international companies led by Chevron over how to develop a giant offshore gas field, backing the U.S. company's plan to link it to neighboring Egypt, two industry sources and a U.S. source said on Friday…
Norwegian shipbuilder Vard has awarded SMST a contract to supply two sets of mission equipment for newbuild Commissioning Service Operation Vessels (CSOVs) Vard is building for UK-based vessel owner North Star.The agreement also has an option…
The Offshore Alliance and Australia's Legeneering reached an agreement on the decommissioning rates for the Thevenard offshore decommissioning workscopes, the union alliance said on Friday. Under the agreement, Legeneering will see members lock…
Wood Group, a consulting and engineering company, and Harbour Energy, the UK's largest oil and gas producer, have entered into a new strategic partnership for UK North Sea operations.The companies have agreed a new master services agreement…
Spain's renewable energy giant Iberdrola has told investors it does not need to book any impairments in its offshore business, a document seen by Reuters on Wednesday showed.The document is designed to reassure investors after Denmark's Orsted…
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