Norwegian offshore vessel owner Solstad Offshore has this week sold two anchor handling tug and supply vessels, in line with its objective to reduce fleet size to a level of 80-90 vesselsThrough its subsidiary Solstad Rederi AS, the company sold the AHTS Normand Master and Normand Mariner…
Dutch offshore installation company Heerema Marine Contractors has been selected by Japan's INPEX as a contractor of choice for the transport and installation of the 4,800 metric ton Ichthys LNG Booster Compression Module (BCM), offshore W. Australia…
Norwegian energy industry services provider Aker Solutions has won a three-year contract extension to a maintenance and modifications frame agreement it has with Equinor.'The agreement for work on oil and gas installations offshore Norway represents a very large order intake for Aker Solutions…
Abu Dhabi's ADNOC Drilling reported on Friday a rise of 6.1% in 2021 net profit, with revenues boosted by its onshore and oilfield services businesses.Net profit for 2021 was $603.9 million, up from $569 million in the year-earlier period.Revenues increased to $2…
Denmark-based offshore wind developer Ørsted has completed the sale of a 50% stake in the 900MW Borkum Riffgrund 3 offshore wind farm in Germany.The deal, with funds managed by Glennmontpartners, was first announced in October 2021. Ørsted at…
Italian oil and gas company Eni has completed the acquisition of a 20% stake in total from SSE Renewables and Equinor in the 1.2 GW Dogger Bank C offshore wind farm, in the UK.SSE Renewables said Thursday it had completed the sale of its 10% interest to Italy's Eni…
Ships were deployed in Thailand on Thursday to contain a fresh oil spill off its eastern coast, authorities said, two weeks after an undersea pipeline leak in the same area damaged coastal communities and marine life.The pipeline, owned by Star Petroleum Refining Public Company (SPRC)…
SBM Offshore shares dived on Thursday after the Dutch oil and gas services company's cautious guidance disappointed the market despite full-year results meeting expectations.For 2022, the group expects revenue to amount to more than $3.1 billion and earnings before interest…
Norwegian oil and gas company Equinor has received consent from Norway's oil and gas industry safety body the Petroleum Safety Authority (PSA) for disposal of the facilities on the Veslefrikk field in the North Sea.'Equinor has applied to the…
The Norwegian Ministry of Petroleum and Energy on Thursday approved Aker BP's plan for development and operation (PDO) for Kobra East & Gekko (KEG) project in the Alvheim area, offshore Norway. Aker BP as the operator, and its license partners…
DNV, together with 18 industry partners, is launching a new Joint Industry Project (JIP) to enhance the standardization for reliable, safe, and cost-efficient hydrogen production systems that use renewable energy-powered electrolysis to produce green hydrogen…
French oil major TotalEnergies said Thursday it wouldn't sanction the North Platte deepwater project in the U.S. Gulf of Mexico and that it would withdraw from it. Equinor said it was disappointed with the decision, but that it would move forward with the development…
Swedish company Viking Supply Ships said Thursday that its Chief Financial Officer Morten G. Aggvin would step down.He has informed the offshore vessel operator that he will resign from his position to pursue challenges outside Viking Supply Ships…
Brazilian oil company Enauta has completed the acquisition of the FPSO OSX-2 for the Definitive System of the Atlanta Field in Brazil for $80 million.Atlanta Field is located in the Santos Basin, offshore Brazil, and is fully owned by Enauta…
TotalEnergies swung back to profit in 2021 thanks to higher hydrocarbons prices, it said on Thursday, with net income of $16 billion and adjusted net income of $18.1 billion, the highest since record years in 2007 and 2008.The French oil major…
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