Finland-based marine and energy equipment maker Wärtsilä expects the third quarter of the year to be better than the corresponding one of 2020 but has warned that prevailing market conditions make the outlook uncertain.The company made the statement…
Brazilian oil firm PetroRio said Wednesday it had completed the tieback between the Polvo and Tubarão Martelo offshore fields, a move that will slash its operational costs as there would no longer be a need for a chartered FPSO.According to PetroRio…
From offshore wind farms in Britain to floating solar power plants in Vietnam, about 13,000 renewable energy projects in nearly 50 countries are waiting for finance - and could create up to 10 million green jobs, consultancy EY-Parthenon said on Wednesday…
Norwegian oil and gas firm Equinor has drilled a dry exploration well near the Wisting discovery in the Barents Sea, offshore Norway.According to the Norwegian Petroleum Directorate, the exploration target of the well was to prove petroleum…
Dutch offshore installation company Heerema Marine Contractors has installed the 2,852-tonne jacket for TenneT's offshore transformer platform for Vattenfall's Hollandse Kust (zuid) offshore wind farm in the Dutch sector of the North Sea.This…
AqualisBraemar LOC, energy and marine industry consultants, said Tuesday it had wrapped up its work on the Sable Project decommissioning and removal campaign off the coast of Nova Scotia, Canada.The Sable Offshore Energy Project was developed…
Brazilian oil company Petrobras said Friday it had received the third and final installment from TechnipFMC-affiliated companies as part of a leniency agreement struck in 2019 to resolve anti-corruption investigations in Brazil.Petrobras said…
Danish Energy Agency has put on hold the tender for the 800MW-1,200MW Hesselø offshore wind farm, citing the need to further analyze the results of the preliminary site investigation, as soft clay formations have been found in the upper 20-30 meters below the seabed…
The Danish Energy Agency on Thursday published the final tender conditions for the tendering of Thor Offshore Wind Farm, which will be the country's largest. 'With the publication, all the basic elements of the tender are in place, and the bidders…
The first storm to hit oil-producing regions of the U.S. Gulf of Mexico this year sent workers fleeing offshore oil platforms and cut some production.A weather disturbance in the central Gulf of Mexico was expected to become a tropical storm on Friday…
Oil and gas companies Equinor and Aker BP have received drilling permits from the Norwegian Petroleum Directorate to drill wells in the Norwegian Sea and the Barents Sea, respectively.Under the NPD permit announced Friday, Aker BP will, using…
Oil rose towards $72 a barrel on Friday, trading close to a two-year high as OPEC+ supply discipline and recovering demand countered concerns about patchy COVID-19 vaccination rollout around the globe.The Organization of the Petroleum Exporting…
Wintershall Noordzee, a Dutch joint venture between Gazprom and Wintershall Dea has awarded Archer Oiltools the contract for a plugging and abandonment campaign for the 2021/22 period and for up to 42 offshore wells.Oil services company Archer will provide is Perforate…
Engineering and technical service provider Offshore Design Engineering Ltd (ODE) has been selected as Owner’s Engineer for Codling Wind Park, set to become one of the largest offshore wind farms in Ireland.Executing its first renewables contract in Ireland…
Torger Rød has officially taken over as the new CEO of the Norwegian oil and gas company Vår Energi, the firm said Tuesday.He was elected as the new CEO back in January after Var Energi CEO Kristin F. Kragseth accepted the position as CEO of Petoro…
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