Shares in Siemens Energy fell on Monday after the company quantified deeper than expected problems at its struggling wind turbine division that were first unveiled in June, saying the issues triggered a 2.2 billion euro ($2.42 billion) charge…
Oil prices edged lower on Monday but were hovering near three-month highs and were set to post their biggest monthly gains in more than a year on expectations that Saudi Arabia would extend voluntary output cuts into September and tighten global supply…
UK North Sea-focused oil and gas company Ithaca Energy said Thursday it had discovered hydrocarbons at its K2 prospect, located in Block 22/14c of the Central North Sea of the UK Continental Shelf.Upon entering the reservoir, Ithaca Energy, acting as the operator…
Subsea 7's recently delivered Seaway Alfa Lift offshore wind foundation installation vessel is in transit to Europe and is expected to join Subsea 7's fleet in the third quarter of 2023.The semi-submersible heavy installation vessel, designed by Ulstein…
Wintershall Dea and its partners Petoro and Sval Energi have received approval from the Norwegian Ministry of Petroleum and Energy (MPE) for their plans to develop the Dvalin North field and the second phase of the Maria field in the Norwegian Sea…
UK North Sea-focused oil company Ithaca Energy has signed a deal to acquire a 40% stake in the Fotla Discovery it doesn't already own and three offshore exploration licenses from Spirit Energy.'The acquisition, which is subject to the satisfaction…
The floating rig market has long since crossed an inflection point incentivising the reactivation of cold-stacked tonnage, yet operators remain disciplined in their approach, according to new research by Maritime Strategies International (MSI)…
The Big three oilfield services (OFS) companies will likely report higher profits for the second quarter as resurgent demand in international markets and strong offshore drilling helped counter tepid activity in North America.Baker Hughes, Halliburton…
UK-based offshore vessel operator North Star has appointed Caspar Blum to the newly created role of European renewables lead. Based in Hamburg, at the Hanseatic Trade Center at the Am Sandtorkai 74 building, he will be the main focal point for the business within the region…
French oil firm TotalEnergies has said Thursday it had powered up two gas turbines at the Tyra field, almost one month ahead of schedule. 'This represents a crucial step in the final stages of the Tyra Redevelopment since the two active gas…
A Dutch intelligence agency tipped off the CIA about an alleged Ukrainian plan in June 2022 to blow up the Nord Stream pipeline, Dutch national broadcaster NOS reported on Tuesday.The NOS report, which was compiled with help from leading German media outlets…
Sweden hopes to be able to determine who was behind the Nord Stream gas pipeline sabotage by the autumn, the prosecutor leading the country's investigation told Swedish radio.In September 2022, several unexplained underwater explosions ruptured…
Windstaller Alliance has been subcontracted to deliver the front-end engineering and design (FEED) for the subsea installation scope of the FloWatt Tidal Pilot to be installed offshore Normandy, France. This study is financed by the European…
Thirty-five years ago, on July 6, 1988, one of the offshore oil and gas industry's worst-ever disasters struck - the explosion of the Piper Alpha platform in the UK North Sea. To this day, the disaster is the worst ever in the industry by the number of lives lost…
German investigators are examining evidence suggesting a sabotage team used Poland as an operating base to damage the Nord Stream pipelines in the Baltic Sea in September, the Wall Street Journal reported on Saturday.The investigators have reconstructed the two-week voyage of the 'Andromeda'…
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