Offshore wind developer Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, and the Irish renewable-focused integrated utility Energia Group, on Tuesday announced a partnership to codevelop offshore wind projects in Ireland with a potential to deliver total capacity up to 1…
BP's second-quarter profit slumped 70% from a year earlier to $2.6 billion, missing forecasts, as refining margins and oil trading income fell, but still allowing the energy giant to boost its dividend by 10%.Rivals Chevron, Exxon Mobil, Shell…
Goldman Sachs on Sunday revised up its global oil demand forecast for the year while sticking to its 12-month Brent price projection of $93 per barrel as higher realized inventories offset the demand boost from a less pessimistic growth outlook…
The last monopiles for France's Calvados offshore wind project were recently delivered by Germany-based EEW SPC.The delivery made at the end of June came almost exactly five months after the first loadout from EEW SPC's dock.All monopiles were loaded onto the 'Dongbang Giant No…
Norway-based offshore vessel owner Simon Møkster Shipping said Monday it had secured long term contracts for two of its platform supply vessels.The company said it had been awarded new multi-year contracts by a North Sea Operator in the UK for the PSVs Stril Odin and Strilmøy…
Jadestone Energy's Montara Venture FPSO offshore Australia, which had resumed output in March after a lengthy shutdown, has been shut down again.Jadestone said Monday that on July 29, 2023, a gas alarm was triggered within ballast water tank 4S…
Britain will grant more than 100 new oil and gas licences in the North Sea as part of efforts to tap domestic supplies and become more energy independent, the government said on Monday. Prime Minister Rishi Sunak said the move was compliant with the government's environmental targets…
Malaysia's Perdana Petroleum's subsidiary, Perdana Nautika, has secured a contract for the provision of an anchor handling, Tug, and Supply (“AHTS”) vessel to RMS Synergy.The contract started on June 13, 2023, and has a 60-day duration. The contract is valued at around RM4…
Great Lakes Dredge & Dock Corporation has signed the first ever subcontract for rock procurement for a U.S. offshore wind farm with Carver Sand & Gravel LLC (“Carver”), a U.S. quarry in the state of New York.Through this subcontract, Great Lakes…
Lawmakers in Maine on Wednesday passed legislation that would set a 3-gigawatt target for offshore wind deployment off the state's scenic coastline by 2040, a level that could satisfy half of its 1.3 million residents' power needs.The bill…
WSG said Friday it had sold its Well Intervention division and would use the proceeds raised to lay the foundations for a period of international expansion for the rebranded WSG Energy Services (WSGES).The company has divested its traditional…
French energy company TotalEnergies does not believe it overpaid for a record-breaking German offshore seabed lease this month, despite industry criticism, CEO Patrick Pouyanne said on Thursday while presenting second-quarter results.'In Germany…
Spanish power company Iberdrola on Thursday raised its 2023 profit outlook for the second time after a strong performance in Europe and Britain drove a 21% increase in first-half net profit.The green energy giant is investing heavily in renewable capacity and network assets…
The Australian state of Victoria will ban natural gas connections to new homes from next year as part of a plan to cut emissions and lower energy bills, the state climate action minister said on Friday.Australia's second-most populous state…
Italy's Eni said its second-quarter adjusted net profit dropped 49% from last year, reflecting falling oil and gas prices and weaker refining margins. Adjusted net profit in the period came in at 1.94 billion euros ($2.13 billion), down from a bumper result of 3…
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