Denmark's Ørsted, the world's No. 1 offshore wind farm developer, on Wednesday reported fourth-quarter operating profit in line with preliminary 2022 numbers but said its offshore business faced challenges. 'In a year with unusual market conditions…
The Russian General Prosecutor's Office is asking a court to recover 15.5 billion roubles ($220 million) in allegedly unpaid taxes from U.S. oil major ExxonMobil , local news agencies TASS and Interfax reported on Tuesday citing court documents…
Marlink, a global provider of satellite and digital communication solutions, is implementing a fleet-wide migration of its smart managed network solution for offshore vessel operator Miclyn Express Offshore (MEO Group) to support its ongoing digitalization program…
Japanese trading firm Marubeni Corp started commercial operation based on the feed-in tariff program for renewable energy at Akita Port offshore wind farm on Tuesday, it said in a statement.Japan's offshore wind power market, part of the country's goal to be carbon neutral by 2050…
The American Bureau of Shipping (ABS) has approved in principle the Bassoe D-Floater, a floating offshore wind turbine foundation.It is said that the Bassoe D-Floater foundations will be able to handle 15 megawatt offshore turbines, which will be among the world's largest…
Edinburgh-based tidal energy company Nova Innovation has achieved another world-first by doubling the size of its Shetland Tidal Array. In 2016, the array of three underwater tidal turbines was the first of its kind and has been powering homes and businesses in Shetland ever since…
CNOOC Ltd, China's top offshore oil and gas producer, has halted a planned sale of its UK North Sea portfolio, which could have been valued at as much as $3 billion, Bloomberg News reported.Although initial offers failed to meet CNOOC's expectations for the business…
The new Chief Executive of Brazil's Petrobras, Jean Paul Prates, has picked geologist Mario Carminatti to head the oil company's exploration and production division, people with knowledge of the information said on Friday.As the company's chief geologist…
Portfolio investors have piled into petroleum futures and options at the fastest rate since the first successful coronavirus vaccines were announced in late 2020.China’s exit from a zero-COVID strategy, along with hopes the global economy can avoid a recession and low oil inventories…
Offshore drilling firm Dolphin Drilling said Monday that its offshore drilling rig Blackford Dolphin had completed a five-year recertification and 'is soon ready' to start its 12-month drilling contract with General Hydrocarbons Limited.The…
Oil and gas firm TAQA has partnered with the Dutch offshore survey company Fugro for a pilot project using uncrewed surface vessels for underwater inspections.According to TAQA, its Dutch subsidiary TAQA Netherlands is 'the first oil and gas…
Energy industry technology firm Baker Hughes has partnered up with Houston-based cloud-based well construction digital solution provider Corva, 'to bolster oil and gas customers’ rig visualization and drive enhanced decision making across the well lifecycle…
Ørsted and Eversource have submitted a joint proposal in response to New York State’s third round of offshore wind solicitations. 'Delivering clean, renewable power for at least 1 million New York homes, this submission includes multiple bids…
Oil major BP, as the operator of the consortium behind the Azeri Shah Deniz field, has started drilling a new exploration well (SDX-8) in the contract area, in the Caspian Sea, offshore Azerbaijan.The company is using the Heydar Aliyev semi-submersible drilling rig…
Turkish Cemre Shipyard has awarded HAV Group ASA’s subsidiary Norwegian Electric Systems AS (NES) a contract to deliver energy design, and smart control systems for two “Windkeeper” service operations vessels (SOV).The Turkish shipyard is building…
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