Portugal has kicked off the preparatory process for its first auction of licenses to build wind farms off the Atlantic coast by inviting companies to present non-binding declarations of interest by Nov. 14.The environment ministry said in a…
Dutch firm Huisman, which makes heavy construction equipment for the global offshore energy industry, has signed a partnership agreement with ESD to expand its cable-lay product portfolio and increase its position in the offshore wind market…
John Wood Group on Wednesday named Arvind Balan, a finance executive at Rolls-Royce, as the British oilfield services and engineering firm's new chief financial officer, effective April 2024.Balan has been the CFO at the aero-engineer's Civil…
TGS, a Norway-based provider of energy data and intelligence, said Wednedsay it had secured a four-year extension to a proprietary reservoir monitoring and source acquisition contract in Norway, with a further option to extend by another two years…
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…
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