Subsea 7 said Tuesday that its subsidiary Seaway 7, offering services in offshore renewables, had secured a 'substantial' contract with Norway's Equinor and its Polish partner Polenergia for the inter-array cables of the MFW Bałtyk II and MFW Bałtyk III bottom-fixed offshore wind projects…
Vladimir Nekrasov, the chairman of Russia's second-largest oil producer Lukoil, has died suddenly at the age of 66 after suffering acute heart failure, the company said on Tuesday.Lukoil said Nekrasov had worked for almost 50 years in the oil and gas sector…
Oslo-listed Vår Energi, which is majority-owned by Italy's Eni, on Tuesday posted a 33% drop in third-quarter operating profit on weaker energy prices, missing forecasts, while raising its end-2025 production guidance.Earnings before interest…
Norway's $1.4 trillion wealth fund, the world's largest, remains committed to investing in offshore wind, a top official said on Tuesday, despite a wave of cancellations of projects due to inflation, supply chain disruptions, and rising costs…
Italian offshore energy industry services firm Saipem said Tuesday it had completed installation works for the Neart na Gaoithe (NnG) offshore wind farm, located in the North Sea, 15.5km off the east coast of Scotland.Once operational, the 450…
Equinor, the Norwegian oil and gas company, has finalized the drilling of the wildcat well 6307/1-2, located 36 kilometers to the south of the Njord field in the Norwegian Sea. The well has been confirmed as dry.This is the first well drilled in the production licence 1058…
Italy will on Monday approve a decree setting aside 420 million euros ($445 million) through 2026 to build a strategic hub for floating wind power, a draft showed, while also cutting red tape for onshore liquefied natural gas (LNG) terminals…
The Kremlin said on Monday that any threats made against Russia were 'unacceptable' after Latvia's president said NATO should shut the Baltic Sea to shipping if Moscow were found responsible for damage to a gas pipeline between Finland and Estonia…
Corrects OCT 23 story to read 2019 (not 1999), paragraph 1 Norway's natural gas output fell in September to its lowest level since 2019, lagging an official forecast as maintenance cut production, while crude oil also fell behind expectations…
An investigation into the damage to the Balticonnector gas pipeline is currently focused on the role of the Chinese NewNew Polar Bear container vessel, Finland's National Bureau of Investigation (NBI) said on Friday.Early on Oct. 8, a gas pipeline…
Elenger, part of Estonia's Eesti Gaas, said on Friday it will deliver a cargo of liquefied natural gas (LNG) from the United States to Finland's Inkoo terminal in the second half of November.It was also ready for additional deliveries during the winter season…
Harland & Wolff has secured a contract with Canada-based Cenovus Energy for the mid-life upgrade of the SeaRose FPSO vessel. The base contract value is approximately £61 million (~currently around $74 million). The FPSO is expected to arrive…
The Norwegian oil and gas company Equinor said Friday it had brought online the Breidablikk field in the North Sea, four months ahead of schedule and within budget, and with higher initial production than expected.Tied back to the Grane platform…
Equinor's CEO said on Wednesday the European gas market will remain volatile this winter, and will face a lot of variables, but is in a stronger position than last year.Global gas prices leapt to all-time highs last year after Russia cut its gas supply to Europe…
A converted offshore support vessel has taken on a new life as a dedicated underwater surveillance ship for the U.K.'s Royal Navy.Christened during a ceremony in London on October 10, RFA Proteus will be operated by the Royal Fleet Auxiliary…
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