RWE and Norges Bank Investment Management (NBIM) have closed the transaction, where NBIM acquired 49% equity stake in RWE’s 1.6 GW Nordseecluster and 1.1 GW Thor offshore wind projects.As part of the transaction, first announced in March and valued at approximately $1…
One person has been reported missing following the fire incident that occurred on May 20 at Chevron’s Benguela Belize Lobito Tomboco (BBLT) deepwater platform off Angola, that left 17 people injured.The report about the missing person was shared by Angola’s National Agency for Oil…
SBM Offshore announces that FPSO Alexandre de Gusmão is formally on hire as of May 24, 2025 after achieving first oil and the completion of a 72-hour continuous production test leading to final acceptance.As part of the Mero-4 project, the FPSO will be connected to 12 wells…
Seventeen people have been injured, four seriously, after a fire broke out at Chevron’s Benguela Belize Lobito Tomboco (BBLT), located in Block 14, offshore Angola.According to an update from Angola’s National Agency for Petroleum, Gas and Biofuels (ANPG)…
Polish shipbuilder CRIST S.A. has held a keel-laying ceremony for an offshore support vessel (OSV), being built for Norwegian vessel owner DOF.The vessel, provisionally named SeaDragon (NB 110), will 109.7 meters long and 22 meters wide, with the capacity to accommodate 164 people…
Borr Drilling reported a total operating revenue of $216.6 million for the first quarter, a decrease of $46.5 million compared to the fourth quarter of 2024.The net loss of $16.9 million was a decrease of $43.2 million compared to the net income in the fourth quarter of 2024…
Two weeks after the successful load out, the steel topside for the Hollandse Kust (west Beta) substation platform is ready to leave the port of Hoboken near Antwerp in the Netherlands for its final North Sea destination.The topside is schedule to leave the Dutch port on May 17…
Woodside Energy has signed a non-binding collaboration agreement with Aramco to explore potential global opportunities, including Aramco’s equity investment in and LNG offtake from Woodside’s Louisiana LNG project.The agreement also covers possible cooperation in lower-carbon ammonia…
Brazil's Petrobras on Monday posted a net profit of 35.2 billion reais ($6.21 billion) for the first quarter, up 48.6% from a year earlier, boosted by non-recurring events, while also announcing about $2.1billion in dividends.Without one-off events…
North Star has officially named its first commissioning service operation vessel (CSOV), the Grampian Kestrel.The vessel was named at a ceremony at VARD’s shipyard in Vard Langsten in Norway on May 6.The Grampian Kestrel is the first of two CSOVs to be delivered this year…
Shell on Friday reported a 28% drop in first-quarter net profit to $5.58 billion, beating analyst expectations, and kept the pace of its share buyback programme steady amid falling oil prices and lower refining margins than last year.It said it would buy back $3…
Jan De Nul has kicked off the installation campaign of the monopile foundations for RWE’s Thor offshore wind farm, completing the installation of the first of 72 monopiles with its heavy-lift vessel Les Alizés.When finished, Denmark’s largest…
Portugal's Galp Energia reported a 29% drop in adjusted first-quarter core profit on Monday, hit by falling oil output and a decline in refining margins to less than half the levels booked a year ago.Adjusted earnings before interest, taxes…
Woodside has made a final investment decision to develop the three-train, 16.5 million tonne per annum (Mtpa) Louisiana LNG project, targeting the first LNG in 2029.Development of Louisiana LNG will position Woodside as a global LNG powerhouse…
The Dutch government said on Friday it would commit 639 million euros ($726 million) to the construction of the country's largest carbon capture and storage project, after TotalEnergies and Shell withdrew part of their planned investments.The…
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