Dutch oil and gas services firm SBM Offshore forecast on Thursday an annual revenue of above $2.9 billion for 2023, bringing its guidance for earnings before interest, taxes, depreciation, and amortization (EBITDA) to above $1 billion.The group…
Eni's subsidiary Eni Sustainable Mobility and offshore services company Saipem have entered into a Memorandum of Understanding (MoU) to utilize biofuels on Saipem's drilling and offshore construction vessels, focusing on operations in the Mediterranean Sea…
Investigations by Denmark, Germany and Sweden into explosions on the Nord Stream gas pipelines have not yet concluded, the three countries said on Tuesday as the U.N. Security Council met to discuss the September incident.Russia, which called for the meeting…
Oil and gas producer Wintershall Dea swung to a loss last year, hit by significant impairments and losses related to Russia's war in Ukraine, it said on Thursday.Wintershall reported a group net loss of 4.8 billion euros ($5.1 billion), including 7 billion euros in one-off…
Noble Corp.'s jack-up drilling rig, the Noble Innovator, earlier this month arrived in the Port of Aberdeen for maintenance. According to the Port of Aberdeen, with legs measuring more than 200 meters in height, the rig is the largest vessel to ever enter the port…
CapeOmega and Neptune Energy on Wednesday announced NoordKaap, a project concept for a cross-border CO₂ storage solution for industrial emitters across Europe. According to Neptune Energy, NoordKaap would involve transporting CO2 via vessels…
Denmark will issue public tenders for offshore wind projects this year and may resume reviewing applications that had been suspended over worries of breaching European Union state aid law, the country's energy minister said on Tuesday. The Nordic country…
Norway's crude oil output slipped in January from the previous month, missing official forecast, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday. Crude oil output eased to 1.75 million barrels per day (bpd) in January from 1…
Black Sea Oil & Gas (BSOG), controlled by private equity firm Carlyle Group is prevented from increasing gas production at its offshore project due to higher taxes and regulation, its chief executive said on Tuesday. BSOG launched Romania's…
Seajacks, a division of Eneti that provides offshore installation services, has won a contract for one of its jack-up vessels.Eneti said Tuesday that the contract was in northwest Europe. The contract, with an unnamed client, is for 41 to 53 days…
Greece has concluded two-dimensional (2D) seismic surveys for two offshore blocks off the island of Crete, under its renewed drive to identify potential gas reserves, the state-owned energy resources company said on Monday. Greece, which views gas as a transition fuel as it ramps up renewables…
Brent oil prices fell on Tuesday as fears that a global economic slowdown would reduce fuel demand prompted investors to take profits on the previous day's gains. Traders are awaiting the minutes of the latest Federal Reserve meeting, due on Wednesday…
DNV said Monday it was launching the second phase of H2Pipe, a joint industry project (JIP) aiming to develop a new code for the design, re-qualification, construction, and operation of offshore pipelines to transport hydrogen—either pure or blended with natural gas…
James Fisher and Sons plc and Uptime International have signed a memorandum of understanding to partner for the use of motion compensated gangways in the development of the pioneering Ulstein SX221 Diamond SOV. The duo said that the agreement…
Potential extractions from a long-awaited deepwater gas field in the Black Sea could mean countries in the region can finally cut their dependency on Russian energy, Romania's foreign minister said on Friday.Romanian oil and gas group OMV Petrom said on Feb…
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