Onshore substations springing up to receive electricity from its burgeoning North Sea wind farms are triggering rapid change in the electrical infrastructure landscape of the Netherlands, renowned for its windmills in an earlier era. After years of lagging behind its European partners…
Oil and gas company OMV Norge has made an oil discovery at the Eirik prospect in the North Sea, off Norway, the Norwegian Petroleum Directorate said Thursday.The wildcat well 15/2-2 S, in the production license 817, where OMV is operator, was…
China's CIMC Raffles has recently secured an order to build a self-propelled offshore wind turbine installation vessel for CRCC Harbour & Channel Engineering Bureau (CRCC-HCEB.)According to CIMC Raffles, the jack-up vessel will be China's most…
Oilfield firm Baker Hughes Co beat first-quarter profit estimates on Wednesday, as stronger oil prices have supported demand for its equipment and services. Global oil futures are currently trading around $83.12 a barrel, down about 22% from…
Dutch crane maker Huisman has won a contract from offshore wind installation contractor Havfram Wind for the delivery of a 3,000mt+ Leg Encircling Crane for its second NG-20000X Wind Turbine Installation Vessel. The crane contract news comes…
Investment firm Kistos said Wednesday it had reached a conditional agreement to acquire all of the outstanding shares of Norway-based oil firm Mime Petroleum A.S. from Mime Petroleum S.a.r.l.Mime holds a 10% interest in the Balder joint venture…
Norway's natural gas output declined in March from February, missing official forecasts, while oil output grew slightly more than expected, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Wednesday. Crude oil output was 1…
Oslo-listed FPSO leasing firm BW Offshore has signed a short-term extension for the Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of Italy's Eni.The contract extension is, according to BW Offshore, until October 15, 2023, at the latest…
Norwegian shipyard Green Yard Kleven AS has secured a retrofit project with Brazilian offshore vessel owner Oceanica.This is the fourth contract signed with the same shipowner that includes the reactivation and rebuilding of offshore ships bought from Norwegian shipowners…
Akastor has completed the transfer of all shares in AGR, an offshore engineering, consultancy, and software company, to the Norwegian energy and marine consultancy group ABL Group under the terms first announced on March 20, 2023.A total of 18…
The clear winner in the race to replace Russian oil at Europe's refineries is Norway's Johan Sverdrup crude, according to Refinitiv Eikon data and traders.Johan Sverdrup was launched in 2019, making it a relative newcomer compared to Russia's Urals grade…
The North Sea Transition Authority (NSTA) offered a gas storage license to dCarbonX for the Bains site in the East Irish Sea, east of the Morecambe Fields.The license award allows dCarbonX Ltd to progress with seeking the further regulatory approvals required before gas storage operations can start…
Oil major Shell said Tuesday it had completed the restart of operations at the Pierce field in the UK North Sea.The Pierce field lies around 165 miles (265km) east of Aberdeen, Scotland, in water depths of around 262 feet (85m). It was discovered in 1975…
Belgium-based offshore installation services firm DEME Offshore and Danish offshore engineering company Liftra will partner up to develop an innovative offshore installation methodology for the next generation of offshore wind turbine generators…
Britain plans to widen its flagship renewable energy support scheme to encourage investment in the sector, the government said on Monday as it opened a consultation on the proposed changes. The Contracts for Difference (CfD) scheme is the government's…
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