Subsea 7's renewable energy focused subsidiary Seaway 7 said Tuesday it had won a large offshore wind contract. For Seaway 7, “large” contracts are worth between $300 million and $500 million.The client hasn't been named, but the contract is…
About forty offshore installations in the UK North Sea could be affected by strike action by Bilfinger workers beginning in early April 2023, over a pay dispute.Unite the union, a workers' rights union in the UK, said Friday that more than 700…
Norwegian offshore support vessel owner Solstad Offshore said Monday it had secured multiple new contracts and contract extensions.The contracts and extensions are for various platform supply vessels and anchor handling tug supply vessels.'The…
Russia will seek to gather more intelligence about Norway's oil and gas infrastructure as part of an effort to put pressure on European energy supplies, the Nordic country's police security agency (PST) said in its annual threat assessment on Monday…
Portuguese oil and gas company Galp Energia on Monday reported a record adjusted net profit for 2022, due to soaring oil prices and wider refining margins in the fourth quarter. Galp said its adjusted profit almost doubled to 881 million euros ($940…
A member of a major climate-focused investor group leading engagement with BP has voiced concern the company may stray from commitments to cut greenhouse gas emissions after its CEO this week rowed back on plans to cut oil and gas output.Chief…
European banks risk jeopardizing the path to net-zero carbon emissions and the growth of renewable energy unless they stop directly financing new oil and gas fields this year, investors managing assets worth more than $1.5 trillion said on Friday…
Turkey has postponed a natural gas summit due to be held on February 14-15 until March 22, an energy official said on Friday, after a major earthquake hit its southeastern region. Setting up a gas hub in Turkey was first proposed by Russia's…
Aker BP has made an oil discovery near the Ivar Aasen field in the North Sea, offshore Norway, but the volumes discovered are not seen as profitable 'at present time.'The oil firm, as the operator of the production license 867 B, has completed the drilling of wildcat well 25/10-17 S…
Norwegian independent oil firm Aker BP AKRBP.OL will boost its dividend by 10%, the company said on Friday after posting a $2.2 billion operating profit for the final quarter of 2022, up from $1.2 billion a year earlier. Norway's second-largest listed oil company…
Renewable energy developer and fund manager Copenhagen Infrastructure Partners (CIP) intends to invest 8 billion euros ($8.6 billion) in a large offshore wind power park in Portugal that is preparing its first auction of such concessions. CIP…
Nearly 100 Odfjell offshore drillers working on two flagship BP platforms have backed strike action in a dispute over working rotas and pay, the Unite Scotland trade union said on Thursday.Two of BP's North Sea platforms, the Clair and Clair Ridge…
Norway-based offshore wind service vessel firm Edda Wind on Thursday took delivery of Edda Boreas CSOV from Gondan Shipyard. The vessel is the second of six sister vessels to be delivered from Gondan.The commissioning service operation vessel…
Russian oil firm Lukoil has signed several agreements with Kazakhstan's KazMunayGas in Astana regarding the Kalamkas-Sea, Khazar, Auezov subsoil area development project in the Kazakhstan sector of the Caspian Sea. They define the rights and…
Norway's $1.35 trillion wealth fund said on Thursday it would step up its engagement with companies over the management of climate risk by voting against board members who it deems are not doing enough on the issue. Investing the state's revenues…
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