Oil jumped to a two-year high above $72 a barrel on Monday, extending this year's rally supported by recovering demand and OPEC+ supply curbs, before giving up the gains as investors took profits.Demand is rising in the United States and Europe as COVID-19 restrictions are loosened and…
Italian offshore energy services company Saipem has inaugurated its new facility at the port of Georgetown, Guyana, to support its offshore oil and gas installation activities in the country.'The Saipem Guyana Offshore Construction Facility…
Norwegian offshore vessel owner Island Offshore earlier this month took delivery of the platform supply vessel Island Discoverer. The vessel was completed by VARD Langsten this spring.“It is always exciting to take delivery of a new ship, and…
European Union countries on Monday approved the bloc's flagship fund to wean them off fossil fuels and protect communities most affected, paving the way for members to start receiving the cash.The 17.5 billion euro ($21.27 billion) Just Transition…
UK-focused oil and gas company Siccar Point Energy has made an application for consent to the Oil and Gas Authority for an environmental statement for the Cambo field development located near the UK/Faroe Island transboundary line.The Cambo…
Norwegian seismic surveyor PGS has, with its Ramform Titan seismic vessel, started the Cape Anguille seismic survey program offshore Canada, in partnership with seismic data firm TGS.The program expands the PGS-TGS joint venture with another…
Bureau Veritas (BV) has launched a new digital simulation tool – Opera – saying it will be a key asset for the certification of floating units, notably floating wind turbines.'As offshore wind farms are built further offshore, floating wind turbines are becoming increasingly more common…
Moray East offshore wind farm in the Moray Firth, Scotland, on June 4 exported its first power to the national grid via its new substation south of New Deer in Aberdeenshire.The 950MW wind farm is being developed by Moray Offshore Windfarm East Ltd (MOWEL)…
North Sea-focused oil and gas company IOG has installed the Blythe and Southwark gas platforms at their respective offshore field locations in the UK.Located in the southern North Sea, the two usually unmanned, remotely controlled platforms…
Swedish energy company Vattenfall has installed all 72 turbines at its Kriegers Flak offshore wind farm in Denmark.According to Vattenfall, Kriegers Flak will be Denmark's largest offshore wind farm. The 72 Siemens Gamesa offshore wind turbines…
Turkey has discovered 135 billion cubic meters of additional natural gas in the southern Black Sea, President Tayyip Erdogan said on Friday, raising the total discovery in the region to 540 billion cubic meters.Last year, Turkey's drillship…
KrisEnergy, an oil and gas company focused on Southeast Asia, said Friday it had filed a winding-up petition and that it would proceed to liquidation due to its inability to pay debts.KrisEnergy warned about this outcome back on March 31 when it said that the production from the Apsara field…
Russia's Nord Stream 2 gas pipeline is set to be completed as the United States wants good ties with Europe, President Vladimir Putin said, as the ill-fated project is nearly complete and ready to start pumping gas to Germany.Russia's Gazprom…
Hitachi ABB Power Grids today launched a portfolio of transformer products to be installed on floating offshore substations and floating wind turbines in deep waters, where traditional solutions are not feasible.According to the company, its…
Malaysian oil and gas company Hibiscus Petroleum has confirmed it has agreed to buy Repsol’s interest in oil and gas assets in Malaysia and Vietnam for $212.5 million.The announcement comes after Repsol earlier this week announced the sale to Hibiscus…
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