Eidesvik said it plans to upgrade its offshore wind support vessel Acergy Viking with a battery pack and hybrid propulsion solution, in line with the Norwegian vessel operator's plans to reduce its fleet’s emissions by 50% by 2030 and to operate emissions-free by 2050…
The U.S. Bureau of Ocean Energy Management (BOEM) said it has begun its environmental review of the 880-megawatt (MW) Revolution Wind offshore wind project of the U.S. East Coast.The agency on Thursday announced a Notice of Intent (NOI) to prepare…
Petroleos Mexicanos said on Friday its losses narrowed 93% in the first quarter after higher sales, lower imports and tax cuts eased pressure on Mexico's highly indebted state oil company.Pemex, as the company is known, said the net loss of 37…
U.S. energy firms added oil and natural gas rigs this week, leading to a ninth straight monthly rig count increase, as a recovery in prices lured some drillers back to the wellpad.The oil and gas rig count, an early indicator of future output…
Wind turbine maker Siemens Gamesa warned on Friday it could earn less this year than previously expected, trimming 700 million euros ($842 million) off the top end of previous revenue guidance.The leading producer of offshore generators now expects full year revenue of 10…
Claxton, the lead brand of Acteon's drilling and decommissioning business segment, said it has signed a master services agreement with Beacon Offshore for the severance and recovery of more than 100 subsea wells in the Gulf of Thailand.Sam Hanton…
Ukraine's state-run energy firm Naftogaz will continue to cooperate with international partners, new Chief Executive Yuriy Vitrenko said on Friday.The sacking of the previous Naftogaz head had prompted a warning from Ukraine's Western backers…
Italian energy group Eni is planning to spin off a minority stake in its new retail and renewable business next year, it said on Friday, after announcing first quarter profits that missed expectations.Several European energy companies, including Spain’s Repsol…
ExxonMobil Corp on Friday topped Wall Street quarterly earnings estimates and posted its first profit in five quarters, boosted by higher oil prices and strong chemicals margins.Exxon and rivals results this year have been rising with crude oil prices…
Chevron Corp's first-quarter profit fell 29% from the same period a year ago as gains from oil and gas prices were undercut by weaker refining margins, production losses and the impact of an asset sale that benefited results last year.Oil companies are generally enjoying a recovery in energy prices…
French energy group Total SE posted first-quarter earnings on Thursday close to levels from before the coronavirus pandemic, as higher oil and gas prices boosted its trading business and it increased electricity production.The company, which…
Norway's Equinor raised its dividend and posted a bigger-than-expected rise in first-quarter operating profit on Thursday, boosted by higher oil and gas prices and massive one-off gains from its renewable energy business.The oil and gas company…
Brazil's Petroleo Brasileiro SA will exercise its rights of first refusal and bid for the deepwater oil fields Sepia and Atapu, the company said in a filing.Petrobras, as the state-controlled producer is known, is aiming at a 30% stake in each field…
Dutch marine services company Boskalis said it has acquired the Southern Ocean, a large DP2 construction support vessel (CSV) capable of executing a wide range of offshore operations.The 134-meter vessel, which was previously jointly owned by Oceanteam and Bourbon…
Spain's Repsol beat first-quarter net profit expectations on Thursday as higher oil and gas prices offset thinner refining margins.Stronger upstream earnings from extracting oil and gas balanced much weaker downstream results as the pandemic sapped demand for fuel…
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