Industry News

 

Wintershall Dea Extends Viking Princess PSV Charter to July 2023

Oct 27, 2022

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…

VIDEO: Rem Offshore's CSOV Hull Arrives at Vard's Norway Yard for Final Touches

Oct 27, 2022

Shipbuilder VARD said Thursday that its first hull for a Commissioning Service Operations Vessel (CSOV) arrived at Vard Søviknes in Norway. The hull of the vessel, which will be used to support offshore wind operations, was launched at Vard…

Israel, Lebanon Finalize Maritime Demarcation Deal without Mutual Recognition

Oct 27, 2022

Israeli and Lebanese leaders finalised a U.S-brokered maritime demarcation on Thursday, bringing a measure of accommodation between the enemy states as they eye offshore energy exploration.Leaders from Lebanon, Israel and the United States have…

Sembcorp Marine to Buy Keppel Offshore & Marine for $3.2B, Scraps Merger Plan

Oct 27, 2022

Singapore's Sembcorp Marine (Sembmarine) scrapped a deal to merge with Keppel Corp's offshore and marine unit and form new company, in favour of directly buying the unit for S$4.50 billion ($3.19 billion), the Temasek-backed oil rig builder said on Thursday…

Norway Increases Gas Pipeline Checks after Nord Stream Blasts, Gassco Head Says

Oct 27, 2022

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 Ups 2022 Guidance after Beating Expectations in Q3

Oct 27, 2022

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…

TotalEnergies Secures Temporary Control of Lebanese Offshore Gas Project -sources

Oct 27, 2022

TotalEnergies and the Lebanese government have reached a deal handing the French oil major temporary majority control of an offshore exploration block and paving the way for negotiations with Qatar over a stake in the gas project, two sources said…

Time to Move On: Jadestone, OMV 'Reluctantly' Scrap New Zealand Oilfield Deal Citing Regulatory Uncertainty

Oct 27, 2022

Oil and gas companies Jadestone Energy and OMV New Zealand have 'reluctantly' agreed to terminate the sale and purchase agreement to acquire an operated 69% interest in the Maari Project, offshore New Zealand, citing regulatory uncertainty.Singapore…

TotalEnergies Clocks $9.9B Profit in Q3

Oct 27, 2022

TotalEnergies posted a sharp jump in its third-quarter net profit compared with a year ago, as it joined other energy giants in its sector to have benefited from higher oil and gas prices, although it also booked a new Russia-related impairment…

Shell Posts $9.5B Profit, Plans to Boost Dividend

Oct 27, 2022

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…

RWE Files Bids for All Five Polish Offshore Wind Seabed Permits

Oct 26, 2022

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…

UK: Offshore Drilling Crews Call Off Strike, Accept 10% Pay Increase

Oct 26, 2022

More than 450 offshore drilling and drilling maintenance workers covered by the United Kingdom Drilling Contractors Association (UKDCA) have accepted an improved offer of 10% on their rates of pay back dated to June 1, 2022, Unite the union said Wednesday…

PHOTO: First Jacket Installed at Neart na Gaoithe Offshore Wind Farm Site

Oct 26, 2022

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…

Energean Starts Gas Production from Karish Field Offshore Israel

Oct 26, 2022

Oil and gas company Energean plc said Wednesday it had started gas production at its Karish gas field in the Mediterranean Sea, offshore Israel.'Gas is being produced from the Karish Main-02 well and the flow of gas is being steadily ramped up…

WFO Launches Offshore Wind to Hydrogen Committee

Oct 26, 2022

World Forum Offshore Wind said Wednesday it had launched new Offshore Wind to Hydrogen Committee chaired by DNV’s hydrogen segment lead Magnus Killingland.'World Forum Offshore Wind (WFO) and its members believe that hydrogen production from…

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