Denmark's Ørsted on Wednesday reported third-quarter operating profit slightly below expectations as it said low wind speeds continued to hit earnings.'In most of Q3, we continued to see lower than normal wind speeds, which had an adverse impact on earnings from renewable assets in operation…
Vestas slashed its 2021 outlook for a second time this year in response to higher costs and supply constraints, sending its shares tumbling as much as 14% as the world's largest maker of wind turbines posted forecast-lagging quarterly profit…
Offshore installation and construction company McDermott has signed a memorandum of understanding with Shell Eastern Petroleum Pte Ltd (Shell), a subsidiary of Shell, to collaborate on decarbonizing construction. 'The agreement enables McDermott and Shell to explore opportunities for reducing…
The acquittal of Nigerian Emeka Obi and Italian Gianluca Di Nardo in a graft case in Nigeria involving Eni and Shell has become final after prosecutors said they would not appeal on behalf of the Nigerian government.In a decision seen by Reuters on Wednesday…
Dutch offshore crane construction firm Huisman has confirmed it has received an order to deliver what it says will be the largest leg encircling crane for Van Oord's new offshore installation vessel designed to install huge wind turbines of up to 20MW…
TotalEnergies, Iberdrola and Norsk Havvind have teamed up to respond to the Norwegian authorities' call for tenders for the development of floating and bottom-fixed wind projects for a cumulated capacity of 4.5 GW at two offshore sites in southern Norway…
Oslo-listed company Carbon Transition, which earlier this year changed its name from AxxisGeo Solutions reflecting its new strategy to invest in low carbon businesses, said Wednesday that its CEO Ronny Bøhn had decided to resign.Bøhn has served as CEO of then AxxisGeo Solutions since August 2020…
Oil and gas company Cairn has sold its interest in the Catcher and Kraken oil fields in the UK North Sea to Waldorf Production.The proposed sale and purchase deal was first announced in March, and following the general meeting held on October 28…
Romanian state-owned gas producer Romgaz will pay up to $1.07 billion to Exxon Mobil for its 50% stake in a Black Sea offshore gas project, the company said.The other half of the long-delayed Neptun Deep offshore project is owned by Romanian OMV Petrom…
Danish offshore wind farm developer Ørsted has completed the sale of 50% stake in the 605 MW Greater Changhua 1 offshore wind farm in Taiwan.The agreement to sell half of its stake in the wind farm project to global investment group Caisse de…
Wind turbine maker Vestas said Wednesday that its Chief Financial Officer Marika Fredriksson had decided to step down from the role after nine years in the position, and hand over the financial reins to Hans Martin Smith, currently CFO Vestas Northern & Central Europe (NCE)…
The head of a U.S. House panel on Tuesday subpoenaed four major oil companies and two lobbying groups for documents related to their actions on global warming as part of a year-long probe into potential climate deception by the energy industry…
Norwegian oil and gas company Aker BP has started production from the second phase of the Ærfugl field development in the Norwegian Sea. Karl Johnny Hersvik, Aker BP CEO said: 'Aker BP’s goal is to produce oil and gas with as low cost and emissions…
Guyana plans to auction new blocks for offshore oil exploration by the third quarter of 2022, Vice President Bharrat Jagdeo said late on Monday.A consortium led by Exxon Mobil is responsible for all output in Guyana, Latin America's new oil frontier…
Thai-based offshore services company Mermaid Subsea Services has signed a letter of intent with the offshore construction vessel Resiliant from Resiliant Offshore, a subsidiary of Swiber.The vessel - previously known as Swiber Conquest - is a pipelay and accommodation work barge…
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