Equinor on Friday posted forecast-beating record profits for the third quarter driven by all-time-high European gas prices amid the Ukraine war, and said it would raise its dividend payment while reducing full-year output guidance.The oil and…
Wintershall Dea has extended the contract for Eidesvik Offshore's the platform supply vessel “Viking Princess” from January 2023. This will be in direct continuation of the current contract, extending the firm period to July 2023. According to the Norwegian shipowner…
Denmark's Ørsted and Norway's Equinor have signed a contract under which Equinor will supply Norwegian gas to Denmark via Baltic Pipe. The agreement covers the period from January 1, 2023 to April 1, 2024, and the total volumes of gas supplied during the period will be around 8 TWh…
Norway, now Europe's biggest supplier of natural gas, has increased its pipeline inspections in the wake of the suspected blasts on the Nord Stream system last month, the head of the country's gas supply infrastructure told Reuters. Following the Sept…
Italy's Saipem improved its guidance for the full year after third-quarter adjusted core earnings and revenue beat analysts' expectations. The energy contractor reported on Thursday an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of 215 million euros ($216…
Shell Thursday posted a third-quarter profit of $9.45 billion, easing from the previous quarter's record high due to weaker refining and gas trading, as it announced plans to sharply boost its dividend by year end when its CEO departs.Shell also extended its share repurchasing program…
German renewable energy giant RWE said Wednedsay it had filed bids for all five offshore wind seabed permits in the Polish Baltic Sea, offered by the Polish government.Sven Utermöhlen, CEO Offshore Wind, RWE Renewables: “RWE is clearly committed…
The first wind turbine jacket foundation has been installed at the Neart na Gaoithe offshore wind farm, 15.5km off the east coast of Scotland.Following the arrival of the first ten steel jackets on site, Saipem, through its subcontractor Heerema…
Offshore wind service provider SeaRenergy said Wednesday it had secured a contract for offshore infrastructure services from Siemens Energy. The scope of work comprises integrated onshore and offshore logistics services executed during the commissioning…
Germany is acquiring liquefied natural gas (LNG) terminals as part of its efforts to diversify away from Russian gas.It leased four floating storage and regasification units (FSRUs) in May, capable of importing at least 5 billion cubic meters (bcm) of seaborne gas per year each…
Marine services firm DeepOcean has entered into a two-year time charter agreement for Simon Møkster Shipping's Stril Server multi-purpose support vessel (MPSV), citing a growth in demand for specialist subsea services.DeepOcean's clients in…
Energy and marine consultancy ABL Group (ABL) said Wednesday it had acquired the operations of well control equipment specialists HOSE International.The two companies have cooperated since 2019 to jointly provide rig and well control inspection services for the offshore industry…
The Norwegian offshore vessel owner DOF said Wednesday it had won contracts and contract extensions for several of its vessels in Brazil, West Africa, and the North Sea region. The estimated firm backlog for these contracts is approximately NOK 260 million (~$25…
Van Oord's new cable-laying vessel Calypso is headed to the Vard Brattvaag shipyard in Norway after its hull launch last week in Romania. Once in Norway, Vard Brattvaag will complete the construction of the vessel which is expected to enter operation at the end of 2023…
Norwegian oil and gas company Equinor has drilled a dry exploration well in the Norwegian Sea.The Norwegian Petroleum Directorate said Wednesday that the well 6607/12-5 had been drilled in the production license 943.Using Odfjell Drilling's Deepsea Stavanger semi-submersible drilling rig…
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