Equinor on Friday cut its full-year oil and gas output guidance while posting a bigger-than-expected profit for the third quarter, boosted by the company's trading unit.The Norwegian energy group's adjusted earnings before interest and tax for July-September fell to $8…
Lloyd's Register (LR) will classify two methanol-ready Commissioning Service Operations Vessels (CSOVs) being built by VARD for the UK-based offshore vessel operator North Star.'The new tonnage will increase North Star’s offshore wind capabilities…
The U.S. on Tuesday imposed a form of sanctions on Myanma Oil and Gas Enterprise (MOGE), the U.S. Treasury Department said, but stopped short of imposing full blocking sanctions on the ruling junta's main source of foreign revenue.The action…
The UK on Monday offered 27 new licenses in North Sea areas with the potential to go into production more quickly than others.In addition to the 27 licenses, six more blocks, which were also ready to be offered, have been merged into five existing licenses…
Energy company Repsol's REP.MC adjusted net profit fell 27% year-on-year in the third quarter because of lower oil and gas prices, it said on Thursday, adding it would further diversify into renewables to offset fossil fuel volatility.The company reported an adjusted net profit of 1…
Subsea 7 said Tuesday that its subsidiary Seaway 7, offering services in offshore renewables, had secured a 'substantial' contract with Norway's Equinor and its Polish partner Polenergia for the inter-array cables of the MFW Bałtyk II and MFW Bałtyk III bottom-fixed offshore wind projects…
MAN Energy Solutions has won the contract for the delivery of three integrally-geared compressor trains (IGC) for Porthos, the first large-scale carbon capture and storage (CCS) project in the Netherlands. The Port of Rotterdam Authority, Energie Beheer Nederland B…
Mexican state oil company Petroleos Mexicanos, known as Pemex, and its union agreed to a 7.82% hike in combined benefits and pay, according to a government statement published on Thursday.Under the agreement, Pemex workers will receive 4.16% higher salaries and 2…
Denmark-based global offshore wind developer Ørsted is set to divest a 50% stake in its offshore wind farm project in Taiwan and has signed an exclusivity agreement with a Taiwanese insurance company and its affiliate, following a competitive divestment process…
The Norwegian oil and gas company Equinor said Friday it had brought online the Breidablikk field in the North Sea, four months ahead of schedule and within budget, and with higher initial production than expected.Tied back to the Grane platform…
A U.S. judge has rejected challenges to federal environmental permits and construction approvals for a $4 billion offshore wind farm near Massachusetts, which commercial fishing groups have claimed will harm whales and impair their businesses…
Certex UK’s Great Yarmouth-based Engineering Services Division has won a major framework to supply statutory inspection and maintenance services on Dogger Bank Wind Farm. The contract covers inspection and maintenance of cranes, personnel lifts…
The Noble Intrepid jack-up rig arrived Tuesday in Port of Aberdeen's recently inaugurated Aberdeen South Harbour.The Noble Corporation rig arrived for reactivation workscopes and Semco Maritime will provide quayside services throughout its time in port…
Israel is suspending production at the Tamar gas field off its southern coast and will seek alternative fuel sources to meet its needs, the energy ministry said on Monday, following three days of violence in the region.Chevron, which operates the field…
Dutch offshore energy industry specialist SBM Offshore said Thursday it had installed three floating wind units for the Provence Grand Large pilot project at their final location, 17 kilometers off the Port-Saint-Louis-du-Rhône, near Marseille…
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