Major energy traders are taking hundreds of millions of dollars in losses as they scramble to plug a liquefied natural gas (LNG) supply gap after several outages hampered efforts to fill European storage ahead of the winter heating season.Unplanned disruptions at LNG plants in the United States…
Scana's Subseatec has won a contract with an international energy company for the delivery of riser joints. The joints are intended for an offshore field development. Scana said the deal was a sizeable contract for the company, meaning it is worth between NOK 10 million and NOK 50 million…
Malaysia's Sapura Energy has, through a joint venture company, secured a charter extension with Brazil's Petrobras for the pipelaying support vessel (“PLSV”) Sapura Esmeralda. The contract is worth around RM580 million (around $130 million)…
Wind turbine maker Vestas expects to deliver more positive results next year, its chief executive said on Wednesday, as high costs from raw materials and transport, which hit second-quarter results, are passed on to customers.Shares in Vestas…
Offshore drilling company Diamond Offshore said Wednesday it had recently secured $610 million worth of offshore drilling contracts, with the company CEO confident of sustainable long-term demand for offshore drilling services 'for years to come…
Turkey resumed its hydrocarbon drilling operations in the eastern Mediterranean on Tuesday after a two-year hiatus, though President Tayyip Erdogan said its new drillship would operate outside waters also claimed by Cyprus.The Abdulhamid Han…
Vietnam will need investment of between $8 billion and $14 billion a year through to 2030 to develop new power plants and expand its grid, its deputy industry minister said on Wednesday.Of the amount, 75% would be spent on new power plants, with priority given to renewable sources…
The U.S. Senate climate bill’s fee on oil and gas industry methane emissions will cover less than half the sector’s releases of the powerful greenhouse gas, thanks to concessions made to win over party holdout Joe Manchin, according to a review…
North Sea investment firm Kistos on Tuesday walked away from its proposed offer to acquire British oil and gas group Serica Energy following weeks of wrangling.In July, Serica rejected Kistos's cash and shares merger proposal, which valued the company at 1…
Siemens Energy on Monday blamed a 200 million euro ($204 million) charge related to the wind-down of its Russian business for a wider net loss in 2022, but said it was still prepared to maintain turbines for the Nord Stream 1 Russian gas pipeline…
ExxonMobil has hired Acorn International, an environmental and risk management consultancy with offices in Boston and Houston, to perform an Environmental Impact Assessment (EIA) and lead the public consultation program for the Uaru Project…
Norwegian oil and gas company Equinor has this week received two consents from the offshore safety body Petroleum Safety Authority Norway to carry out works on two projects in the Norwegian Sea using the Transocean Encourage and Deepwater Stavanger offshore drilling rigs…
Marine survey specialist TDI-Brooks said Tuesday it had brought online a shallow water (<75-m) pneumatic vibracore (pVC) to supplement its other electric VC options (Feritech FT550 and Rossfelder P-5). According to the company, the pVC is a lightweight (4…
Green Yard Kleven in Norway said it has signed a contract with Brazilian shipowner Oceanica to convert two platform supply vessels (PSV) for operations with remotely operated underwater vehicles (ROV) and offshore crane.The two ships, both Marin Teknikk MT6009 design…
Two platform supply vessels (PSV) stationed in eastern Canada came to the rescue of a crew from a sinking fishing vessel off the coast of St. John's, Newfoundland and Labrador, on Monday.Atlantic Towing said its PSVs Atlantic Griffon and Atlantic…
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