Prosafe, an offshore accommodation rig provider, has welcomed Terje Askvig as its new CEO.'Terje brings extensive experience from shipping, oil service and private equity and has among others experience from Eitzen Chemical, Fred Olsen & Co and Triton Partners…
Gulf Marine Services (GMS), a provider of jack-up support vessels for the global energy industry, has secured new contracts for its fleet.The company said that it had won two contract extensions for four years in total and one new contract for two years in the GCC (Gulf Cooperation Council) Region…
Denmark's Orsted said on Wednesday it had recorded a 28.4 billion Danish crowns ($4.03 billion) impairment charge for the first nine months of 2023, and that it will cease work on its U.S. offshore wind projects Ocean Wind 1 and 2.The world's…
European energy companies, including Denmark's Orsted, will likely write down more of their U.S. offshore wind investments this week after BP and Equinor booked $840 million in impairments in recent days.Orsted, the world's largest offshore wind developer…
Offshore drilling firm Transocean posted a net loss of $220 million for the third quarter of 2023, on revenues of $713 million.Net loss was higher compared to $165 million in the second quarter of 2023.Contract drilling revenues for the three months ended September 30…
A McDermott-Petrovietnam Technical Services Corporation (PTSC) consortium has received a limited letter of award from Vietnam's Phu Quoc Petroleum Operating Company for engineering, procurement, construction, installation (EPCI), and hook-up and commissioning (HUC) services…
Crowley has named offshore wind veteran Christy Guthman as vice president of business development for its Wind Services business as the company grows in the clean, sustainable energy sector.Guthman most recently served as executive general manager…
Italian power and telecom cable-making and installation services firm Prysmian Group has signed an agreement worth around €900 million with Clean Path New York to provide subsea and land power cable systems for one of the largest transmission infrastructure projects in the United States…
Italy's Eni could more than double its gas production in Indonesia thanks to the development of a recent discovery and potential synergies with assets it already owns, a company executive said on Friday.Eni announced earlier this month a gas find at Geng North-1…
The World Bank said on Monday it expected global oil prices to average $90 a barrel in the fourth quarter and fall to an average of $81 in 2024 as slowing growth eases demand, but warned that an escalation of the latest Middle East conflict could spike prices significantly higher…
M3 Marine (Offshore Brokers) UK Ltd (M3OBUK) – a newly established London-based broking company focusing on the offshore and renewables sectors, announced on Tuesday the appointment of Robert Day as its Managing Director.Day brings with him almost a decade of experience…
Norwegian oil and gas company Equinor has extended the contract for the Havila Foresight offshore vessel.Equinor exercised a one-year option for 2024, according to the vessel owner, Havila Shipping. Financial details were not disclosed.The oil firm has three additional options…
BP remains committed to its offshore wind growth plans after the energy company booked a $540 million impairment on two U.S. projects, CEO Murray Auchincloss told Reuters on Tuesday.BP and its partner Equinor are assessing their next steps after…
BP on Tuesday reported third-quarter earnings of $3.3 billion, missing analysts' forecasts as strong oil trading and refining margins were offset by weak gas results and the write down of a large chunk of a U.S. windfarm project.The British company maintained its dividend at 7…
Norwegian offshore vessel owner Havila Shipping said Monday it had sold three vessels following demands from lenders.Havila Shipping said that, under its restructuring agreement, it had sold the platform supply vessel Havila Commander and the AHTS vessels Havila Jupiter and Havila Venus…
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