Analysts at major global banks have been upgrading their share price expectations for Brazil's state-run oil firm Petrobras PETR4.SA as they evaluate that the new leftist government's policies are not as unfriendly to investors as some had feared…
With the cable-laying vessel Isaac Newton, the work vessel Adhémar de Saint-Venant and a remote-controlled cable burial vehicle, the contractor combination Jan de Nul Group/LS Cable & System has completed the installation of the second subsea cable for the offshore wind farm 'west Alpha' completed…
After a slowdown in activity during 2020/2021 due to soft commodity prices, demand for FPSOs is picking up.With exploration hotspots like Namibia’s Orange Basin and the East Mediterranean delivering new finds, the FPSO market outlook is healthy…
Offshore drilling firm Seadrill on Wednesday announced it has agreed to sell three tender-assist units to Singapore's Energy Drilling Pte Ltd for a total of $85 million in cash.The units are the semi-tender West Vencedor and tender rigs T-15 and T-16…
OMV Petrom, the largest integrated energy company in South-Eastern Europe, and Romgaz, the largest producer of natural gas in Romania, have approved the development plan for the Domino and Pelican South commercial natural gas fields in the Neptun Deep block…
MAN Energy Solutions has announced the sale of its gas turbine business to China’s CSIC Longjiang GH Gas Turbine.CSIC Longjiang GH Gas Turbine (GHGT) develops small and medium-sized gas turbines in a 5 to 50 MW range as well as high performance and combustion technologies…
Fred. Olsen 1848 has introduced near and offshore floating technology it has named BOLETTE.The company says it has overcome the main challenge for floating solar, particularly in marine environments: how to handle wave loads in combination with wind…
SBM Offshore has signed the project financing of FPSO Alexandre de Gusmão for a total of US$1.615 billion.The project financing is provided by a consortium of 12 international banks with insurance cover from three international export credit agencies…
The Norwegian government on Tuesday proposed opening its waters to deep-sea mining despite opposition from green campaigners and some countries, as it seeks to shift from a reliance on hydrocarbons to new sources of economic activity.Norway…
Qatar on Tuesday secured its second large gas supply deal with a Chinese state-controlled company in less than a year, putting Asia clearly ahead in the race to secure gas supplies from Doha's massive production expansion project.China National…
Cyprus hopes to develop plans for a pipeline linking it to Israel's east Mediterranean gas fields during talks which start next month, the island's top energy official told Reuters.Proposals by the new centrist Cypriot government, which came to power in March…
Havila Shipping announced it has secured contract extensions for two of its platform supply vessels (PSV).The Norwegian offshore support vessel owner said on Tuesday it has entered into an agreement with Equinor Energy AS for the PSV Havila…
Lehmann Marine launched a new marine battery system to accompany its COBRA system. The air-cooled CUBE battery system was developed, according to the manufacturer, with a superior energy density that can be stacked flexibly for optimum use of space…
BP and Orsted resolved a dispute over an overlapping zone in the UK North Sea between the BP-led Endurance carbon capture project and the Danish firm's planned Hornsea 4 windfarm, the companies said in a letter published by UK authorities.Britain…
The energy transition is moving ahead amid recovery in offshore oil & gas and growth in offshore wind, leaving vessel owners that serve these markets with big questions about energy carrier and energy converter selection for their newbuilds…
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