Offshore drilling firm Valaris Limited said Thursday it had secured $275 million worth of drilling rig contracts since its most recent fleet status report was issued on October 31, 2022. Valaris won contracts and contract extensions for one drillship and six jack-up rigs…
Italy's shipbuilder Fincantieri said on Friday it would return to net profit in 2025, focusing on its three core businesses of cruise, defense, and specialized offshore vessels. Under a five-year business plan, Fincantieri forecasts revenues of 8…
Qatar Energy has sold five cargoes of al-Shaheen crude loading in February at premiums of between $1.30 and $1.50 a barrel to Dubai quotes via its monthly tender, two trade sources said on Friday.The premiums are the lowest since June 2021 and…
South Korea's Hanwha Group has signed an agreement to take over Daewoo Shipbuilding & Marine Engineering, Daewoo Shipbuilding said in a regulatory filing on Friday. The deal comes after the two parties signed a tentative agreement in September in which affiliates of Hanwha Group…
Shell and Mitsubishi's subsidiary Eneco have won the bid to build an offshore wind farm at Hollandse Kust (west) lot VI, located in the North Seaoffshore the Netherlands. Shell said Thursday that the project would have an installed capacity of approximately 760 MW…
Offshore drilling rig owner Aquadrill said Thursday it had extended a charter-hire deal with drilling firm Diamond Offshore for its Vela drillship.The Vela drillship will be provided to an end client in the U.S. Gulf of Mexico for a 150-day drilling contract as part of the extension…
Norwegian oil firm Aker BP and its partners will invest more than 200 billion crowns ($20.5 billion) to develop several oil and gas fields off Norway in the coming years, the company said on Friday. Aker BP and other oil firms working off Norway…
Britain's recent increase in a windfall tax on the oil and gas sector has pushed Harbour, the UK North Sea's biggest oil and gas producer, to review its capital allocation plans and shun an ongoing licensing round in the basin.Britain's first…
Brazilian state-run oil company Petroleo Brasileiro SA is struggling to get a license that it needs to drill the ultra-deep waters of the Foz do Rio Amazonas Basin this year as planned, a source close to the matter told Reuters on Thursday. Petrobras…
Shipbuilder Marco Polo Marine's Taiwan-based subsidiary, PKR Offshore, has signed a deal with wind turbine maker Vestas Taiwan Co., Ltd, for the maiden deployment of its new Commissioning Service Operations Vessel (CSOV).The new CSOV, which will be able to accommodate up to 110 persons…
The Höegh Esperanza floating storage and regasification unit (FSRU), for Germany's first LNG terminal, has arrived in Wilhelmshaven, Germany, Uniper has informed.'The arrival of the FSRU marks an important milestone shortly before the opening of Germany's first LNG terminal on December 17…
Brazilian power company Eletrobras and Shell have signed a cooperation agreement to exchange information as they mull a potential co-investment in offshore wind power in the South American country, Eletrobras said on Thursday.The move marks another step for Shell in the sector in Brazil…
Norwegian offshore energy engineering and construction company Aker Solutions has signed a Letter of Intent (LOI) with the oil firm OKEA for the electrification of OKEA's Draugen offshore platform. The Draugen oil field sits in about 250 meters of water…
Vuyk Engineering Rotterdam has launched a design for a new offshore wind foundation installation vessel (FIV), called VERticale, in response to ever-growing wind turbines needing larger foundations.'VERticale is developed for an optimized deck layout…
Germany is bleeding cash to keep the lights on. Almost half a trillion dollars, and counting, since the Ukraine war jolted it into an energy crisis nine months ago.That's the cumulative scale of the bailouts and schemes the Berlin government…
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