Aberdeen Harbour Board has awarded two new contracts for the construction of the South Breakwater and Crown Wall, with a total value of £60 million (USD 83,5 million)Dutch marine and offshore contractor Van Oord will act as the principal contractor for the 550-meter-long South Breakwater…
Poland's biggest power group PGE and Denmark's Orsted have finalized a deal to jointly develop two offshore wind projects in the Baltic Sea, PGE said on Thursday.Under the terms of the deal, Orsted bought 50% in each of two PGE units developing two offshore projects totalling 2…
Oil company MOL Norge AS, a Norwegian subsidiary of Hungarian MOL, has received a drilling permit for an appraisal well in the North Sea, offshore Norway.MOL will use the Transocean Barents semi-submersible drilling rig to drill the well formally named Well 25/8-21 S…
U.S. oil and gas producers Marathon Oil Corp and APA Corp [ a parent company of Apache Corp.] beat Wall Street estimates for first-quarter profits on Wednesday, as COVID-19 vaccine rollouts and easing travel restrictions powered a rebound in oil prices…
Norwegian oil company Equinor and Italian rival Eni plan to collaborate on development of floating wind farms in the North Sea as part of their expansion within renewable energy production, the companies said on Thursday.The Norwegian government has earmarked two areas in the North Sea for up to 4…
Norwegian oil company OKEA has selected COSL Drilling Europe as an exclusive supplier of drilling units for its operations on the Norwegian Continental Shelf (NCS).As part of the four-year frame agreement, COSL Drilling Europe (COSL) will be…
Danish offshore vessel owner Esvagt has informed that its Esvagt Dana vessel has returned back to the Baltic 2 offshore wind farm in Germany to support wind turbine maker Siemens Gamesa during maintenance work.For the next three to six months…
Norway-based Axess Group has signed an offshore support services contract with FPSO operator Altera Infrastructure.Axess said this week that the long-term global contract would see Axess provide offshore support services to FPSO assets located…
Oil and gas company Noreco, Denmark's second-largest oil and gas producer, on Wednesday announced the successful closing of its new $1.1 billion Reserve Base Lending facility. The new RBL facility replaces the company's existing $900 million RBL…
Norwegian offshore oil and gas company Aker BP has awarded a contract for the provision of software solutions aimed at helping with field development works to FutureOn, an Oslo-based software company specializing in the provision of digital oilfield solutions…
Oil and gas company Wintershall Dea has terminated the rig contract for the West Mira semi-submersible drilling rig, owned by Northern Ocean, managed by Seadrill.The news of the contract termination was shared Wednesday by Seadrill. Seadrill said: 'Seadrill Limited […
Norway's Equinor said Tuesday that Poland’s Energy Regulatory Office (ERO) announced Equinor and Polenergia’s Bałtyk II and Bałtyk III offshore wind projects in Poland were awarded contracts for difference (CfD) under the first phase of Poland’s offshore wind development scheme…
Italian oil and gas and renewable industry services giant Saipem has appointed Francesco Caio as its new CEO.Born in 1957, Caio has a degree in Electronic Engineering from the Politecnico di Milano and a Masters in Business Administration (MBA) from INSEAD Fontainebleau…
Norwegian offshore vessel operator Eidesvik Offshore has nominated a new chairman of the board after its current chairman Kolbein Rege said he would resign at the next shareholders' meeting.'After nearly 27 years of service, the Chairman of the Board…
The European Commission on Tuesday approved 400 million euros ($480.12 million) Danish state aid supporting the production of electricity from renewable sources, according to a statement.'This Danish scheme will contribute to substantial reductions in greenhouse emissions…
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