Britain faces a fossil fuel dilemma: it can burnish its green credentials by halting new oil and gas development in the North Sea, yet doing so will leave it more reliant on imported fuel.How Britain charts a course to achieve net-zero emissions…
Offshore drilling company Seadrill said all voting classes of stakeholders accepted its reorganization plan, including all 12 credit facilities and general unsecured creditors and shareholders, labeling the result as an important step to Chapter 11 emergence…
UK-based offshore wind vessel operator North Star Renewables has ordered two hybrid-powered daughter craft from Great Yarmouth based-marine and engineering specialist Alicat.Once built, the vessels are destined for the Dogger Bank wind farm…
Russia's Gazprom said on Tuesday it has appealed a court decision that confirmed the Nord Stream 2 gas pipeline will be subject to European Union rules that require the owners of pipelines be different from the gas suppliers.Gazprom says the rules…
Offshore drilling rig company Valaris said Wednesday it had won a contract extension with ARO Drilling for Valaris JU-36 jack-up drilling unit.The rig, formerly known as Charles Rowan, is a standard duty jack-up and will stay with ARO Drilling…
Norway-based offshore shipowner Awind AS, a subsidiary of Integrated Wind Solutions AS, has changed its name to IWS Fleet. 'The name change reflects the ambitions of Integrated Wind Solutions to become a leading provider of integrated services and solutions to the offshore wind industry…
President Vladimir Putin said on Wednesday Russia was not using gas as a weapon and was ready to help ease Europe's energy crunch as the region's bloc called an emergency summit to tackle skyrocketing prices.Energy demand has surged as economies have rebounded from the pandemic…
Danish offshore wind farm developer Ørsted has secured a €500 million (~$580M) loan from the European Investment Bank (EIB).EIB said the loan was to support Ørsted's increased capex program on renewable energy projects, and the conclusion of the Borssele 1 & 2 wind farms off the Dutch coast…
U.S. energy firms this week added oil and natural gas rigs for a fifth week in a row as oil prices soared to their highest since 2014 prompting some drillers to return to the wellpad.The combined oil and gas rig count, an early indicator of future output…
Singapore-based offshore vessel operator Miclyn Express Offshore (MEO) has appointed Darren Ang as CEO. Ang, who took over as CEO from Diederik DeBoer, has been with the company for 22 years.Prior to becoming CEO, Ang served as Deputy Chief Executive Officer…
Spain's Repsol has hiked its 2030 capacity target for renewable energy generation by 60% and made a new pledge on cutting emissions from its oil and gas business, in the latest attempt by an energy group to limit its role in climate change.Facing pressure from investors…
UK-based renewable energy firm SSE Renewables has decided to merge two proposed offshore wind farms in Scotland into one 'super project development.'Berwick Bank and Marr Bank offshore wind farms, off the east coast of Scotland, have been brought…
FPSO supplier BW Offshore has received regulatory approvals for the Joint Venture Partnership consisting of BW Offshore Limited, ICMK Offshore Investment Pte Ltd, and Macquarie Bank Limited for the Barossa FPSO project.As previously informed…
British oil services group Petrofac said it is looking at refinancing options including debt and fresh equity as it faces a possible $240 million fine from a London court.Petrofac decided to plead guilty to seven charges after a four-year Serious…
UK-based gas company IOG plc has raised gross proceeds of £8.5 million through a placing and subscription and will use the proceeds to extend the Noble Hans Deul jack-up rig contract.The company has placed 33,800,000 new Ordinary Shares at a…
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