Offshore Europe News - page 5

 

Siemens Energy Gets Boost from Record Orders

Nov 16, 2022

Siemens Energy on Wednesday reported a record order backlog of nearly 100 billion euros ($104 billion), boosting its shares and overshadowing a widening net loss blamed on its struggling wind turbine division, Siemens Gamesa. Siemens Energy…

Eidesvik Offshore Says Revenue, Backlog on the Rise

Nov 16, 2022

Norwegian offshore support vessel operator Eidesvik Offshore posted what it said was the second consecutive quarter with a revenue level not seen since 2016.The company's revenue was NOK 190.4 million, an increase of 9% compared to Q3 2021. EBITDA increased by 12% to NOK 91 million vs NOK 81…

Neptune Energy Hits Hydrocarbons at Calypso Well Off Norway

Nov 16, 2022

Oil and gas company Neptune Energy said Wednesday it had found hydrocarbons in the Calypso exploration well in the Norwegian Sea. The well is located within the Neptune-operated PL938 license.'Having entered the reservoir, logs proved the presence of hydrocarbons…

Norway: Safety Watchdog Launches Probe as Offshore Rig Worker Suffers Serious Injury

Nov 15, 2022

The Petroleum Safety Authority Norway (PSA) has launched an investigation into an incident involving serious personal injury on the Linus jack-up drilling rig on November 10, 2022.'An incident has been reported to the PSA where a person was subject to crushing during work on a cantilever drag chain…

EU Supports COP27 Call to Phase Down All Fossil Fuels

Nov 15, 2022

The European Union supports a call by India to phase down fossil fuel use as part of a COP27 deal, the bloc's climate policy chief Frans Timmermans said on Tuesday, provided it does not weaken previous agreements on reducing the use of coal…

OEUK: There's Enough Oil & Gas in North Sea to Fuel UK for 30 Years, But Industry Needs Fiscal Certainty

Nov 15, 2022

The UK North Sea still has a lot to offer when it comes to oil and gas reserves yet to be produced. However, unpredictable fiscal conditions are denting the confidence of offshore energy-producing companies to invest and revitalize oil and gas exploration activity…

Equinor Gets Nod for Extended Production from Mikkel Field

Nov 15, 2022

The Norwegian oil and gas compan Equinor has recently obtained consent for extended operation of the Mikkel field offshore Norway.Under the consent, granted to Equinor by the Petroleum Safety Authority Norway (PSA), Equinor will continue operations at the Mikkel fielduntil 31 December 2039…

GMS Secures 6-year Deal in Offshore Wind Space

Nov 15, 2022

GMS, a UAE-based owner of self-propelled, self-elevating support vessels for the offshore energy industry, said Tuesday it had received notification of the award of a new 6-year contract for one of its large class vessels in Europe. 'The contract…

Equinor Leads the Way in Adoption of Low-emission Offshore Drilling Rigs, Westwood Says

Nov 15, 2022

The availability of emission-lowering upgrades for offshore rigs has been on the rise, but adoption of these new technologies is slow outside of Norway and the US Gulf of Mexico due to limited regulatory and financial incentives, energy intelligence group Westwood has found…

UK's NSTA Launches Probe into Possible License Breach

Nov 15, 2022

The UK-based offshore energy industry regulator, the North Sea Transition Authority (NSTA), said Monday it had opened an investigation into an operator suspected of breaching one of its license conditions.The investigation will look into whether…

Edda Wind Orders Another CSOV from Gondan

Nov 14, 2022

Norwegian offshore wind service vessel firm Edda Wind has ordered another commissioning service operation vessel (CSOV) from Gondan Shipbuilders, in Spain.The newbuild will be of Salt 0474 design, which is a further development of the Salt 0217 design and will be delivered in April 2025…

Norway's Aker BP Wants "Price floor" in European Gas Supply Deals

Nov 14, 2022

European buyers of Norwegian natural gas should commit to paying a minimum price if they want to obtain long-term supply deals that prevent price spikes like those seen this year, the chair of Norwegian producer Aker BP told Reuters.Gas prices…

Shelf Drilling Secures Five-year Deal for Harvey H. Ward Jack-up Rig

Nov 14, 2022

Jack-up rig specialist Shelf Drilling said Monday it had secured a five-year contract for the Harvey H. Ward jack-up rig for operations in the Arabian Gulf.The firm period contract value, including mobilization fee, is roughly USD 192 million…

Finder Energy Farms Out Interests in Three North Sea Blocks to Dana Petroleum

Nov 11, 2022

The Australian oil and gas company Finder has entered into three farm-out transactions to assign to Dana Petroleum interests in three offshore blocks in the central North Sea in the UK.Dana Petroleum will acquire a 40% interest in each of P2527…

OPL 245 Offshore Block Case: Milan Court Rejects Nigeria's Compensation Request Against Eni, Shell

Nov 11, 2022

An appeals court in Milan on Friday rejected Nigeria's $1.092 billion compensation request against Italian energy group Eni and Shell in civil proceedings relating to a $1.3 billion oilfield deal. The decision was read out in court. In July…

Current News

DeepOcean, Akvaplan-niva to Use ROVs, USVs for Environmental Studies in Offshore Energy Space

DeepOcean, Akvaplan-niva to Use ROVs, USVs for Environmental Studies in Offshore Energy Space

ExxonMobil CEO Gets Pay Raise

ExxonMobil CEO Gets Pay Raise

Offshore Wind: CrossWind Taps KBR for Energy Storage Project

Offshore Wind: CrossWind Taps KBR for Energy Storage Project

Report: Chevron Hits Gas Offshore Egypt

Report: Chevron Hits Gas Offshore Egypt

Subscribe for OE Digital E‑News

Offshore Engineer Magazine