Greece on Tuesday moved toward building its first offshore wind farms, identifying areas for private development in a draft plan that the conservative government hopes will lessen the country's dependence on fossil fuels.The Mediterranean country…
The head of BP's gas & low carbon business said on Wednesday the U.S. offshore wind industry is 'fundamentally broken' but issues can be resolved, after BP and partner Equinor wrote down $840 million on their U.S. projects.Orsted, the world's largest offshore wind developer…
Portugal has kicked off the preparatory process for its first auction of licenses to build wind farms off the Atlantic coast by inviting companies to present non-binding declarations of interest by Nov. 14.The environment ministry said in a…
Gulf Marine Services (GMS), a provider of jack-up support vessels for the global energy industry, has secured new contracts for its fleet.The company said that it had won two contract extensions for four years in total and one new contract for two years in the GCC (Gulf Cooperation Council) Region…
Denmark's Orsted said on Wednesday it had recorded a 28.4 billion Danish crowns ($4.03 billion) impairment charge for the first nine months of 2023, and that it will cease work on its U.S. offshore wind projects Ocean Wind 1 and 2.The world's…
European energy companies, including Denmark's Orsted, will likely write down more of their U.S. offshore wind investments this week after BP and Equinor booked $840 million in impairments in recent days.Orsted, the world's largest offshore wind developer…
Norwegian offshore vessel owner Havila Shipping said Monday it had sold the platform supply vessel Havila Commander and the AHTS vessels Havila Jupiter and Havila Venus, following demands from lenders.A day later, Norway-based offshore vessel…
Offshore services firm Subsea 7 today confirmed the award of a major contract amendment by Petrobras for the development of the Mero 4 field located approximately 200 kilometres off the coast of the state of Rio de Janeiro, Brazil, at 2,200 metres water depth in the pre-salt Santos basin…
A McDermott-Petrovietnam Technical Services Corporation (PTSC) consortium has received a limited letter of award from Vietnam's Phu Quoc Petroleum Operating Company for engineering, procurement, construction, installation (EPCI), and hook-up and commissioning (HUC) services…
Crowley has named offshore wind veteran Christy Guthman as vice president of business development for its Wind Services business as the company grows in the clean, sustainable energy sector.Guthman most recently served as executive general manager…
Italian power and telecom cable-making and installation services firm Prysmian Group has signed an agreement worth around €900 million with Clean Path New York to provide subsea and land power cable systems for one of the largest transmission infrastructure projects in the United States…
Italy's Eni could more than double its gas production in Indonesia thanks to the development of a recent discovery and potential synergies with assets it already owns, a company executive said on Friday.Eni announced earlier this month a gas find at Geng North-1…
The World Bank said on Monday it expected global oil prices to average $90 a barrel in the fourth quarter and fall to an average of $81 in 2024 as slowing growth eases demand, but warned that an escalation of the latest Middle East conflict could spike prices significantly higher…
Finnish Prime Minister Petteri Orpo on Tuesday that China was cooperating in Finland's investigation of the Hong Kong-flagged NewNew Polar Bear vessel's role in the Oct. 8 damage to the Balticconnector pipeline.Finnish police leading the criminal…
Malaysia's MISC has entered into a binding Heads of Agreement (HOA) with Pengerang LNG (Two) Sdn. Bhd. (PLNG2SB), a subsidiary of PETRONAS Gas Berhad (PGB), for the supply, operation, and maintenance of a Liquefied Natural Gas (LNG) Floating…
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