Poland's biggest power group PGE and Denmark's Orsted have finalized a deal to jointly develop two offshore wind projects in the Baltic Sea, PGE said on Thursday.Under the terms of the deal, Orsted bought 50% in each of two PGE units developing two offshore projects totalling 2…
Oil company MOL Norge AS, a Norwegian subsidiary of Hungarian MOL, has received a drilling permit for an appraisal well in the North Sea, offshore Norway.MOL will use the Transocean Barents semi-submersible drilling rig to drill the well formally named Well 25/8-21 S…
HGIM Corp., the parent company to U.S.-based Harvey Gulf International Marine, LLC, announced on Thursday that the holders of over 85% of its common stock, including Gladiator Investments, LLC, an affiliate of Shane J. Guidry, Walker Ridge Capital Management…
BW Energy, an Oslo-listed oil firm, said Thursday that the drilling of the Hibiscus Extension appraisal well DHIBM-2 in the Dussafu Marin license in Gabon had fallen short of expectations, hitting water instead of oil.'The primary objective…
South Korean shipbuilder Hyundai Heavy Industries Co Ltd applied for preliminary approval for an initial public offering, Korea Exchange said on Thursday.The company, currently wholly owned by Korea Shipbuilding & Offshore Engineering, was separated from Korea Shipbuilding in 2019…
Offshore wind installation contractor Fred. Olsen Windcarrier said Thursday it would send another jack-up to the Asia Pacific region to fulfill its contractual obligation in the area, as the wind turbine maker Siemens Gamesa Renewable has extended…
Exxon Mobil Corp expects up to $200 million in charges this year related to job cuts in an era of cost savings, according to a regulatory filing.The biggest U.S. oil producer has slashed costs, delayed projects and said it could trim an estimated 14…
U.S. oil and gas producers Marathon Oil Corp and APA Corp [ a parent company of Apache Corp.] beat Wall Street estimates for first-quarter profits on Wednesday, as COVID-19 vaccine rollouts and easing travel restrictions powered a rebound in oil prices…
Brazilian state-run oil company Petrobras has reopened bidding for its Golfinho offshore oilfield cluster, two sources told Reuters this week, following a rise in crude prices over the last several months.Golfinho is one of dozens of legacy production assets that Petroleo Brasileiro SA…
Norwegian oil company Equinor and Italian rival Eni plan to collaborate on development of floating wind farms in the North Sea as part of their expansion within renewable energy production, the companies said on Thursday.The Norwegian government has earmarked two areas in the North Sea for up to 4…
French oil major Total has started oil production from the Zinia Phase 2 project offshore Angola, connected to the existing Pazflor FPSO.The Zinia Phase 2 project includes the drilling of nine wells and is expected to reach a production of 40…
Oslo-listed offshore drilling contractor Shelf Drilling has secured a ten-year contract extension for the High Island IX jack-up rig.The contract for the 1983-built, 2012-upgraded jack-up drilling unit is in direct continuation of its current contract in Saudi Arabia…
Norwegian oil company OKEA has selected COSL Drilling Europe as an exclusive supplier of drilling units for its operations on the Norwegian Continental Shelf (NCS).As part of the four-year frame agreement, COSL Drilling Europe (COSL) will be…
Salvors have started removing fuel from the tanks of a lift boat that capsized in the Gulf of Mexico last month, the U.S. Coast Guard said.The 234-foot Seacor Power could have been carrying up to 35,000 gallons of fuel, lube oil, hydraulic and…
Danish offshore vessel owner Esvagt has informed that its Esvagt Dana vessel has returned back to the Baltic 2 offshore wind farm in Germany to support wind turbine maker Siemens Gamesa during maintenance work.For the next three to six months…
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