Colombian majority state-owned oil company Ecopetrol's third-quarter net profit surged to 3.81 trillion pesos ($983.4 million) on higher crude prices and structural changes implemented to meet recent industry challenges, the company said on Tuesday…
As governments and investors alike push for greater and faster decarbonization, upstream operators are under increasing pressure to act. Divesting out of fossil fuels is an option, but one that runs the risk of only passing the ‘dirty’ assets to another player…
Germany-based offshore wind turbine foundation builder EEW Special Pipe Constructions will construct 176 monopiles for Dominion Energy's 2.6GW Coastal Virginia Offshore Wind (CVOW) project, the largest offshore wind project in development in the U…
Qatar Petroleum raised the official selling prices (OSP) of its marine and land crudes in December, a pricing document posted on its website showed on Tuesday.Qatar marine was set at a premium of $2.20/barrel over the Dubai/Oman crudes average and Qatar land was priced at a premium of $2…
Norway-based IKM Testing has acquired 70% of the shares in Alfa Solution AS, a distributor of shrink wrap materials, tape, installation supplies and heat tools for the industrial, construction, transport, and marine markets. Alfa Solution has now changed its name to IKM Alfa Solution AS…
Offshore wind turbine manufacturer GE Renewable Energy has said that its Haliade-X offshore wind turbine prototype in Rotterdam, The Netherlands, has been operating for two years making it the first 10+ MW offshore wind turbine to achieve this milestone…
A senior executive for Norwegian oil company Equinor said on Tuesday that the 'the clock is ticking' to achieve an energy transition away from hydrocarbons.'If we don't take action, we'll end up losing out,' Equinor's Senior Vice President for…
Norwegian offshore vessel owners DOF and Solstad Offshore on Tuesday each announced construction support vessel sale deals.DOF Subsea said it had agreed to sell the vessel “Geosund” to an international buyer. The estimated delivery of the vessel to the new owner is in Q1…
Malaysia's state energy firm, Petroliam Nasional Berhad (Petronas), said on Tuesday it has partnered with a Malaysian unit of Exxon Mobil Corp to jointly explore opportunities in carbon capture and storage (CCS) technologies in a bid to decarbonize the country's upstream industry…
Viasat agreed to buy British rival Inmarsat on Monday in a $7.3 billion deal to broaden the U.S. based company’s satellite and land-based communications services.The takeover of London-based Inmarsat comes just two years after it was taken private in a $3…
Offshore wind vessel company Edda Wind, owned by Wilhelmsen and Østensjø, on Monday announced plan to launch an offering of shares in the company and to apply for a listing on the Oslo Stock Exchange (the “IPO”).Based in Haugesund, Norway, Edda Wind develops…
Polish state-controlled utilities PGE and Tauron Polska Energia are seeking regulatory approval to create a joint venture to develop offshore wind projects, the companies' representatives told Reuters on Monday.PGE and Tauron, both major power generators and distributors in Poland…
Norwegian floating oil and gas production systems owner BW Offshore has secured a one-year contract extension in Nigeria for one of its FPSOs.The contract, with Addax Petroleum Exploration (Nigeria) Ltd, is for the lease and operation of the FPSO Sendje Berge…
UK-based offshore services firm Briggs Marine has acquired a majority stake in ARB Wind, a Fife-based, wind industry inspection, testing, and certification company.'ARB Wind has a reputation for providing a high-quality service to wind energy…
ConocoPhillips presented on Monday plans for the development of Norway's Tommeliten A gas and condensate discovery, with total investments expected to amount to 12.5 billion crowns ($1.46 billion), the U.S. oil firm said.Located in the southern sector of Norway's North Sea…
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