The OPEC+ deal to boost crude oil output from August was always the most likely outcome to the producer group's earlier impasse, and it should be enough to end market talk of $100 a barrel oil, at least for now.OPEC+ ministers agreed on Sunday to boost production by 400…
The U.S. energy sector lost 10% of its workforce last year due to the effects of the coronavirus pandemic, according to a report unveiled on Monday by U.S. government officials, who said President Joe Biden's clean energy plan was critical to reviving the industry…
UK-focused offshore wind vessel operator North Star Renewables said Tuesday it would order the world’s first hybrid daughter craft vessels to support the offshore wind market.The company, established earlier this year as an offshore wind-focused business of the ERRV-firm North Star…
Russian pipe-laying vessel Akademik Cherskiy will move to German waters to build a 2.6 km (1.6 miles) stretch of the Nord Stream 2 pipeline, the pipeline operator said on Monday.The vessel had previously been in Danish waters.(Reporting by Oksana Kobzeva and Anton Kolodyazhnyy…
Magnora Offshore Wind, a joint venture between Magnora and TechnipFMC, has filed bids for two seabed areas off Scotland, as part of the ScotWind seabed leasing round, which closed for applications on Friday, July 16.Magnora, an Oslo-listed company…
Oil prices fell sharply on Monday after OPEC+ overcame internal divisions and agreed to boost output, sparking concerns about a crude surplus as COVID-19 infections rise in many countries.Brent crude was down $1.92, or 2.6%, at $71.67 a barrel by 1105 GMT…
Oilfield services firm Petrofac said Monday it has with the help of digitalization, and in cooperation with James Fisher Asset Information Services (JF AIS), managed to eliminate the need for offshore surveys ahead of modification scopes, reducing time and cost…
Norwegian seismic data firm PGS has completed the sale of the hardware, software, and intellectual property associated with the company’s towed streamer Controlled Source Electro-Magnetic (“CSEM”) system to Canada's Ocean Floor Geophysics, Inc (“OFG”)…
Oil Search Managing Director Keiran Wulff has resigned 17 months after taking charge over a long-term medical condition that the Papua New Guinea-focused company said had recently deteriorated.The board had been in discussions with Wulff over complaints about his behavior…
Norwegian offshore vessel owner Eidesvik Offshore has won a contract with offshore installation firm Havfram for its construction support vessel Viking Neptun. The contract will start in early January 2022 with a firm period towards the end of the third quarter of 2022…
Italian oilfield and renewables services provider Saipem on Monday launched a technological solution for the offshore production of green hydrogen and the conversion of oil & gas facilities called SUISO.'SUISO combines various renewable energy sources such as floating wind…
Norwegian energy firm Equinor on Monday confirmed it had filed a bid for floating offshore wind in ScotWind, the competitive tender offshore wind seabed leasing round being undertaken by Crown Estate Scotland. The deadline for applications ended Friday…
Green infrastructure developer Cerulean Winds, which wants to build 200-turbine floating wind and hydrogen project in Scotland, has signed an agreement with px Group, the UK-based operator of large-scale industrial facilities.Cerulean in June filed plans to develop a $14 billion…
Renewable firms, oil majors and investors said they would bid into Scotland's offshore wind leasing round which closed on Friday, signaling the huge demand globally for the rights to build new offshore wind farms.Crown Estate Scotland's ScotWind…
Vineyard Wind on Friday announced a deal to use union labor to help construct what will become the nation's first major offshore wind project off the Massachusetts coast near Martha's Vineyard.The labor agreement with the Southeastern Massachusetts Building Trades Council covers 500 jobs…
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