Norway's Equinor posted its strongest quarterly result in nine years on Wednesday, driven by a global energy supply crunch that pushed Europe's natural gas prices to record highs and sent the value of derivative contracts soaring.The company…
Exxon Mobil Corp's second floating production system for Guyana, the Liza Unity, arrived early on Tuesday in the South American country's waters, the U.S. oil company said.The production storage and offloading (FPSO) facility is expected to add 220…
U.S. oil major ExxonMobil has awarded a two-year contract for Valaris' drillship Valaris DS-9 for operations in Angola.The drillship, formerly known as Ensco DS-9, will work for ExxonMobil's Angolan subsidiary Esso Exploration Angola.Delivered in 2015 by Samsung Heavy Industries in South Korea…
Belgian offshore installation company DEME Offshore has installed the final and 165th monopile foundation at Ørsted’s Hornsea Two wind farm, in the UK. The wind farm will be the largest offshore wind farm in the world once operational in 2022…
Brazilian oil company Petrobras is continuing with its strategy of divesting non-core assets so it can focus on its 'world-class' deepwater and ultra-deepwater assets.It last Friday started the opportunity disclosure stage, regarding the sale of its entire stake (100%) in the Catuá Field…
Vard Electro will deliver its largest battery package to date as part of a vessel retrofit deal with the Norwegian offshore vessel owner Siem Offshore.The contract covers Vard Electro’s SeaQ Energy Storage System (ESS) with two battery packs and a DC link…
Offshore drilling contractor Odfjell Drilling has said that its business divisions Odfjell Energy and Odfjell Well Services have launched a plug and abandonment (“P&A”) and slot recovery alliance with leading companies within the energy industry…
Danish wind turbine maker Vestas has said it has completed the construction of all the blades, nacelles, and most of the tower sections for Akita Offshore Wind Corporation's Akita Noshiro offshore wind farm project in Japan.The project will be Japan's first utility-scale offshore wind farm…
Oil and gas producer Wintershall Dea's most closely watched measure of earnings more than doubled in the third quarter, it said on Tuesday, benefiting from soaring oil and gas prices and spending cuts.The company, owned jointly by BASF and Russia's LetterOne…
Oil and gas company Neptune Energy has started drilling the first of four production wells on the Fenja field in the Norwegian Sea.The wells are being drilled by the Deepsea Yantai semi-submersible rig, owned by CIMC, and operated by Odfjell Drilling…
The leader of Lebanon's Hezbollah on Friday warned Israel against drilling for oil and gas in the disputed maritime border area between the two countries until the issue is resolved, and said the Iran-backed group would take action if it did so…
Oslo-listed oil and gas company BW Energy has agreed to buy the semi-submersible drilling rig 'Leo', from Aquadrill, a Seadrill affiliate, to use as a production unit for offshore field development in Namibia.Leo (ex-West Leo) is a 6th generation…
Aberdeen City Council on Monday announced BP as its preferred bidder for a commercial partnership for hydrogen hub development 'which will accelerate the city’s ambitions to become a world-class hydrogen hub.'Following a tender process that began in June…
Offshore wind turbine maker Siemens Gamesa Renewable Energy will open the first offshore wind turbine blade facility in the United States.The company on Monday held a launch ceremony with representatives from state and local government authorities and wind industry partners in Virginia…
Brazilian President Jair Bolsonaro repeated on Monday that he is considering the privatization of state-run oil company Petrobras, remarks that lifted the company's share price.'This is on our radar,' the far-right president said during a radio interview…
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