Norway's Vår Energi raised its annual dividend and posted a sharp rise in first-quarter profit on Wednesday, aided by a surge in oil and gas prices following Russia's invasion of Ukraine.Vår Energi, majority-owned by Italy's Eni, reported a pretax profit of $1…
Offshore drilling contractor Transocean said Monday it had recently secured offshore drilling contracts worth $87.2 million in total.In its quarterly fleet status report, the company said it had won contracts for Development Driller III, Discoverer Inspiration…
DNV has presented Wison Offshore & Marine (WOM) with a Verification Letter for its 'w.semi' floating wind foundation. The Verification Letter demonstrates the technical feasibility and commercial readiness of the technology.Wison Offshore & Marine's 'w…
Offshore energy services company Seajacks UK, a subsidiary of Eneti, has secured new contracts in the UK North Sea.Eneti said Tuesday that Seajacks had signed a new contract with a UK-based utility for one of its NG2500X-class vessels to support…
Brazilian oil company PetroRio has received regulatory approval to drill new wells at the Frade field, offshore Brazil.PetroRio said that the Brazilian Institute of the Environment and Natural Renewable Resources (“Ibama”) had granted it the…
Louisiana-based offshore support vessel owner Guice Offshore (GO) has expanded its fleet with three new vessels, including another 170 ft. DP1 multi-purpose vessel and two 205 ft. DP2 platform support vessels.The vessels will operate as GO Explorer (170 ft…
Norwegian oil and gas company Equinor and Applied Petroleum Technology (APT) have partnered up in a research and development project that aims to replace expensive downhole sampling and logging with more cost-efficient solutions.Helge Nyrønning…
U-Ming Marine Offshore Company Limited (UMO) has acquired two secondhand crew transfer vessels (CTVs) and completed their reflagging.The company, a joint venture between U-Ming Marine Transport Corporation and World Marine Offshore A/S, said the vessels…
Australia's Woodside Petroleum reported a more than twofold jump in quarterly revenue on Tuesday, buoyed by rising oil and gas prices, and it expects to benefit in the longer term from energy security fears due to Russia's invasion of Ukraine…
A six-legged robot has demonstrated how it can inspect wind turbine bolts autonomously, removing the need for technicians to loosen and retighten thousands of bolts per wind turbine as part of routine maintenance.Funded by Innovate UK and executed…
Spanish renewable energy company Iberdrola said Monday it has received approvals to start construction of the Baltic Eagle offshore wind farm in Germany.With a capacity of 476 MW, Baltic Eagle will be capable of supplying renewable energy to 475…
Harbour Energy has started production at the Tolmount gas field in the British North Sea, a source close to the company said on Monday.Harbour operates and holds a 50% stake in the field along with Dana Petroleum.The field, whose start-up was initially planned for the first quarter of the year…
Heerema Marine Contractors has won a contract to install foundations for EnBW's 900MW He Dreiht offshore wind farm in Germany.Under the contract, the Dutch offshore installation company will be responsible for the transportation and installation of 64 monopiles and transition pieces…
Offshore wind installation company Fred. Olsen Windcarrier has won a contract with the wind turbine maker Siemens Gamesa Renewable Energy for the transportation and installation of 62 SG 8.0-167 DD wind turbines on the St. Brieuc offshore wind farm in French waters…
Malaysia's Petronas on Friday signed a Production Sharing Contract (PSC) with SK earthon and Petroleum Sarawak Exploration & Production Sdn. Bhd. (PSEP) for Block SK427 off the coast of Sarawak. SK earthon, a subsidiary of South Korea’s SK Innovation…
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