Belgian offshore installation contractor DEME said Saturday that the 'revolutionary' offshore installation vessel Orion officially joined its fleet.This next-generation vessel is equipped with a powerful 5,000-tonne crane and is designed to handle the massive turbines and foundations of the future…
Business minister Kwasi Kwarteng has written to the North Sea oil and gas industry asking it to set out a clear plan to reinvest its profits into British energy projects, his department said on Saturday.Energy prices have hit record highs this…
Offshore installation services firm Subsea 7 said Friday it had won a substantial contract in West Africa.Subsea 7 defines a substantial contract as being between $150 to $300 million.In a brief statement in which it didn't reveal much, Subsea 7 said the contract was for the engineering…
Dutch shipbuilder Damen Shipyards and offshore gangway specialist Ampelmann have launched the joint venture OceanXpress to provide offshore crew change solutions in the North Sea area. 'This collaboration will see the introduction of a new service…
Danish offshore vessel owner Esvagt and its compatriot Ørsted earlier in April announced an investment in what they said would be the world’s first service operation vessel (SOV) that can operate on green fuels. On Friday, April 29, Turkish…
Belgian shipowner Exmar reported a wider loss in the first quarter of 2022 as it continued to seek a user to charter one of its giant liquefied natural gas (LNG) ships.Exmar, which offers maritime and offshore services, reported a consolidated loss after tax of $7…
Denmark's Ørsted has no intention of opening a rouble account in Russia to accommodate Moscow's demand for gas payments in the Russian currency, the energy firm's CEO said on Friday, but declined to comment on payment in other currencies.Ørsted…
Exxon Mobil Corp doubled its first-quarter per-share profit, it said on Friday, but the results fell short of Wall Street estimates, even excluding a $3.4 billion writedown from its withdrawal from Russia.The top U.S. oil producer tripled its buyback program…
Offshore construction work has officially started on what will become the world's largest offshore wind farm - Dogger Bank - in the UK North Sea, with the installation of the first length of HVDC export cable off the Yorkshire coast.Cable laying…
Chevron Corp's first-quarter profit nearly quadrupled from the same period a year ago, easily surpassing Wall Street's forecasts as oil and gas prices surged following Russia's invasion of Ukraine.The second-largest U.S. oil producer on Friday posted adjusted earnings of $6…
Work on the Baltic Pipe project in the North Sea has been completed, and the pipeline is ready to ship Norwegian gas to Denmark, info on the project's website shows.Baltic Pipe is a strategic EU infrastructure project led by Danish and Polish…
Following the winter break, works have restarted on the construction of the Yunlin offshore wind farm in Taiwan.The UAE-based National Petroleum Construction Company (NPCC) will bring the heavy lift vessel DLS 4200 as their fleet’s flagship from Abu Dhabi into Taiwanese waters for the work…
BASF said it has given up efforts to separately list its oil and gas business Wintershall Dea via an initial public offering (IPO) for now due to the joint-venture's exposure in Russia.'We want to list the company on the stock exchange. Wintershall…
Dutch heavy lifting and transportation company Mammoet in February said it was investigating a possible violation of its intellectual property rights by Dutch crane maker Huisman and Danish crane specialist BMS.'The investigation concerns the recently announced series of land cranes…
Gulf Marine Services, a provider of jack-up support vessels for the global energy industry, said Friday it had won a two-year contract for one of its K-Class (smaller) vessels.The contract with an unnamed National Oil Company in the MENA region…
Subscribe
