Kuwait's overseas oil and gas division has launched a sale process for its Norwegian assets as part of its focus on newer exploration and production hubs, industry sources said. Kuwait Foreign Petroleum Exploration Company (Kufpec) hired Scotiabank to run the sale…
OX2 said Tuesday it had received permission from the Swedish government to build the northern part of the offshore wind project Galatea-Galene on the west coast of Sweden, with a potential capacity of 400 MW. The total project Galatea-Galene comprised 1…
Oil and gas firm Neptune Energy has awarded a +$100 million contract to Tenaris to provide equipment and services to support drilling activities on the Norwegian Continental Shelf.The contract covers the manufacture, transport, handling and…
Siemens Energy, which supplies equipment and services to the power sector, posted forecast-beating second-quarter sales and lifted its revenue outlook, as strong demand pushed the firm's order book past the 100 billion euro ($110 billion) mark…
Prysmian, the world's largest cablemaker, said on Thursday its core earnings jumped 48% in the first quarter, beating estimates, as it continued to profit from global trends in energy transition and electrification.However, despite strong quarterly results…
Norwegian offshore seismic survey firm PGS has entered into a seismic acquisition contract for carbon storage offshore Norway with an independent energy company. The project, with an unnamed client, is scheduled to start in September and has a duration of approximately one month…
Norwegian offshore seismic survey firm PGS said Thursday that its seismic vessel Ramform Atlas had started acquiring data on the 2023 Norwegian Sea GeoStreamer X survey. This project is a continuation of a multi-season campaign.'Over the summer season…
May 11 (Reuters) - Dutch oil and gas services firm SBM Offshore SBMO.AS reported a 24% drop in first-quarter revenue on Thursday, citing the impact from one-off divestment in two of its vessels last year.Group revenue fell to $742 million for the first three months of 2023…
RMI, a company providing medical, security, and technical services said Wednesday it had been tasked with the provision of medical support for what will be the world’s largest offshore wind farm - Dogger Bank.The company, which specialises in…
International shipbroker IFCHOR Galbraiths (IG) will be providing offshore brokerage services in the oil and gas market following its acquisition of Norwegian offshore specialist UNO Offshore.Founded in 2010, with a seven-strong team based in Bergen and Haugesund…
Harbour Energy on Wednesday stuck to its $1 billion free cash flow outlook for the year, despite a rise in tax bills, as the British North Sea oil and gas producer benefits from higher prices and more international projects. The Scottish firm said its liquidity was $3…
Norwegian shipbuilder Vard, part of Italy's Fincantieri, has signed new contracts to design and construct two commissioning service operation vessels (CSOVs) for the UK-based offshore vessel owner North Star.The agreement also has an option for two additional ships…
The new floating terminal for liquefied natural gas (LNG) set up in the Tuscan port of Piombino will start its commercial operations at the end of this month, the CEO of Italy's gas grid operator Snam said on Friday. The terminal will make available…
Norway's plan to nationalize gas pipelines owned by the Gassled company also includes an additional goal to take over other assets, including at the Nyhamna processing plant, a letter from the Norwegian energy ministry to the owners showed. In a surprise move…
The Polish government has approved draft legislation that would allow the military to sink an enemy ship targeting a key gas pipeline from Norway via the Baltic Sea following NATO's warning that Russia might sabotage undersea energy infrastructure…
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