With the mystery of the blasts that destroyed undersea gas pipelines between Russia and Germany unsolved, Nord Stream 1's insurers and reinsurers are grappling with how to respond to hundreds of millions of dollars in potential claims. Munich…
Oil and gas producer Wintershall Dea said on Tuesday that its most closely watched measure of earnings more than doubled in the third quarter of 2022 and that it would seek to strengthen business in locations outside Russia.Wintershall Dea…
Wind industry service company FairWind has appointed Sisse Mai as Chief Financial Officer (CFO) and member of the Executive Management.She will join the company no later than February 1, 2023, reporting to CEO John Funch.Mai has most recently…
Denmark's Ørsted and Copenhagen Infrastructure Partners (CIP) have teamed up to develop 5.2 gigawatts (GW) of offshore wind in Denmark, corresponding to more than double the country's current installed capacity, the two companies said on Tuesday…
Ocean Winds, a joint venture between Portugal's main utility EDP and French company Engie, said Monday that its BC-Wind project in the Polish section of the Baltic Sea had received the “Environmental Decision,” meaning that the project successfully…
Dutch marine services firm Boskalis said Monday it had acquired the construction support vessel North Ocean, the sister vessel of Southern Ocean, which Boskalis added to its fleet in 2021.The North Ocean is a DP-2 vessel with an overall length of 132 meters…
Portuguese oil and gas company Galp Energia reported a 16% increase in adjusted third-quarter profit on Monday, thanks to soaring oil prices and a near-doubling of its refining margin. Oil and gas companies around the world received a boost…
The Norwegian energy giant Equinor said Monday it would issue a complementary assessment for the Wisting oil field development in the Barents Sea for public consultation.'The complementary assessment elaborates some key subjects from the impact assessment…
Offshore drilling company Dolphin Drilling shared a beautiful photo of its Blackford Dolphin drilling rig being towed from Mexico to Las Palmas, Gran Canaria, Spain.Once there, in mid-November, the semi-submersible drilling rig will complete a short recertification and maintenance work scope…
Belgium-based offshore construction company DEME Offshore has been awarded the export cable contract for Vattenfall’s Norfolk Boreas Wind Farm in a consortium with LS Cable & System. The consortium has also been selected as the preferred bidder…
Andrew Hockey, CEO of the UK-based oil and gas company IOG, with gas fields in the Southern North Sea, is set to step down after nearly five years in the role. IOG's Chief Operating Officer, David Gibson, is stepping down, too.The news of the resignations came Wednesday…
Protecting Norway's gas exports to Europe against sabotage is a top priority for the country's authorities, a senior security official told Reuters, including helping oil firms protect themselves against Russian attempts to gather intelligence…
Tiny amounts of gas that briefly appeared in the Russian Nord Stream 1 pipeline earlier on Wednesday, weeks after it was ruptured in the Baltic Sea, were down to a glitch in the flow metering service, the operator said. Gas flows were at 102…
VARD shipyard in Romania launched the hull of the new Van Oord cable layer Calypso earlier this week.Vard Tulcea in Romania is making final preparations before the hull will be towed to Vard Brattvaag. At Vard Brattvaag, the shipbuilder will continue outfitting the vessel…
Modern American Recycling Services Europe (M.A.R.S.) has won a contract for the dismantling and 'green' recycling of Teekay’s Petrojarl Foinaven FPSO.The 250-meter-long FPSO produced oil at BP's Foinaven area west of Shetland until it recently reached the end of its 25-year service life…
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