Offshore Europe News - page 8

 

Norway's Petoro Warns It is Harder to Electrify Oil, Gas Platforms

Aug 02, 2023

Norwegian state energy firm Petoro said it was becoming harder to tie oil and gas platforms to the electricity grid as planned, as it reported a 34% drop in profit for the second quarter on Wednesday due to petroleum prices falling sharply.Petoro…

Wood, Shell in Multi-year Services Deal

Aug 02, 2023

Wood, an energy industry consulting and engineering company, said Wednesday it had signed a multi-year enterprise framework agreement (EFA) to continue to provide services to Shell’s global projects.Bringing specialist consulting, engineering…

Vårgrønn, Energia Group JV Plans to Develop 1.8 GW Offshore Wind Projects in Irish Waters

Aug 01, 2023

Offshore wind developer Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, and the Irish renewable-focused integrated utility Energia Group, on Tuesday announced a partnership to codevelop offshore wind projects in Ireland with a potential to deliver total capacity up to 1…

BP Boosts Dividend Even as Profit Slumps 70% to $2.6B

Aug 01, 2023

BP's second-quarter profit slumped 70% from a year earlier to $2.6 billion, missing forecasts, as refining margins and oil trading income fell, but still allowing the energy giant to boost its dividend by 10%.Rivals Chevron, Exxon Mobil, Shell…

Valaris to Reactivate Drillship for $364M West Africa Contract

Jul 31, 2023

Offshore drilling firm Valaris said Monday it had secured a 12-well contract offshore West Africa for drillship VALARIS DS-7. Valaris will reactivate the drillship for this contract. The contract, with an undisclosed client, is expected to start…

Purus Wind's New General Manager to Oversee Offshore Wind Vessel Fleet Expansion

Jul 31, 2023

Offshore wind vessel firm Purus Wind has appointed Oliver MacManus as general manager, with immediate effect.MacManus will focus on overseeing the running of the construction/service operation vessels (“C/SOV”) business. 'The appointment is…

North Sea Oil Firm Awards Multi-Year Deals to Simon Møkster Shipping's PSVs

Jul 31, 2023

Norway-based offshore vessel owner Simon Møkster Shipping said Monday it had secured long term contracts for two of its platform supply vessels.The company said it had been awarded new multi-year contracts by a North Sea Operator in the UK for the PSVs Stril Odin and Strilmøy…

WSG Sells Well Intervention Division, Rebrands

Jul 28, 2023

WSG said Friday it had sold its Well Intervention division and would use the proceeds raised to lay the foundations for a period of international expansion for the rebranded WSG Energy Services (WSGES).The company has divested its traditional…

TotalEnergies Defends Price Paid for German Offshore Wind Lease

Jul 28, 2023

French energy company TotalEnergies does not believe it overpaid for a record-breaking German offshore seabed lease this month, despite industry criticism, CEO Patrick Pouyanne said on Thursday while presenting second-quarter results.'In Germany…

Ithaca Energy Strikes Hydrocarbons at UK North Sea Prospect

Jul 27, 2023

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…

Shell, TotalEnergies Profits Slump as Oil, Gas Prices Cool after Bumper 2022

Jul 27, 2023

Shell and TotalEnergies reported sharp falls in second-quarter profit from bumper 2022 earnings as oil and gas prices, refining margins and trading results all weakenedOil and gas prices soared last year in the wake of Russia's invasion of Ukraine…

Capricorn Energy to Withdraw from North Sea Offshore Blocks Held with with Deltic Energy

Jul 27, 2023

UK North Sea oil explorer Deltic Energy said Thursday that Capricorn Energy, its partner in five Southern North Sea gas exploration licenses Capricorn Energy had decided to withdraw from the licenses, following its recent strategic focus shift…

Europe Gas Supply Looking Good this Winter, Equinor CEO Says

Jul 26, 2023

Europe's outlook for gas supply is looking good for the coming winter given high gas reserves and plentiful access to supplies, Equinor CEO Anders Opedal told Reuters, but could tighten next summer due to lower reserves. With European gas storages currently 85% full and rising…

German Offshore Wind Capacity Up 3.1% in H1, Manufacturers Demand Law Amendments

Jul 26, 2023

Germany raised installed offshore wind capacity by 3.1% to 8,385 megawatts (MW) in the first half of 2023, industry lobbies said on Tuesday, demanding better revenue guarantees to maintain a build-out pace and ensure it will reach a 30,000 MW target by 2030…

Eni and SLB in Pipeline Integrity Monitoring Collab

Jul 26, 2023

Oilfield service firm SLB and the Italian oil firm Eni, through its subsidiary Enivibes, have announced an alliance to deploy Eni Vibroacoustic Pipeline Monitoring System (e-vpms) technology, a vibroacoustic wave detection system capable of providing real-time analysis…

Current News

Portugal's EDP, Galp Say Price is Key for Offshore Wind Auction

Portugal's EDP, Galp Say Price is Key for Offshore Wind Auction

Marine Power Systems PelaFlex Floating Wind Platform Receives Feasibility Certification from DNV

Marine Power Systems PelaFlex Floating Wind Platform Receives Feasibility Certification from DNV

First Monopiles for Giant U.S. Offshore Wind Project Set Sail

First Monopiles for Giant U.S. Offshore Wind Project Set Sail

Malaysian FPSO Firm Bumi Armada Gets Hold of Indonesian Block with Two Discoveries

Malaysian FPSO Firm Bumi Armada Gets Hold of Indonesian Block with Two Discoveries

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