Oil and gas services firm SBM Offshore raised its full-year core profit guidance on Thursday on the back of a 23% increase in nine-month revenue and said it had started work on a pilot floating offshore wind project in France.The Dutch company…
Offshore wind turbine manufacturer MHI Vestas has installed the first V164 9.5 MW turbine at the installation harbor for the Kincardine floating offshore wind farm. This is, according to MHI Vestas, the most powerful turbine in use at a floating wind project…
Premier Oil cut its 2020 production outlook to 61,000-64,000 barrels of oil equivalent per day from a previously forecast 65,000-70,000 on Thursday, due to problems at its Catcher field.The company also said it plans to issue a prospectus in…
With the advent of autonomy on and under the water, part of the value proposition is the ability to stay at sea, on station, to exponentially increase efficiencies. Have the ability to repower at sea is central to this effort, as an increasing…
Houston-based engineering giant KBR has said that its joint venture with the Azeri oil firm SOCAR, which is working on the engineering design phase of the Azeri Central East (ACE) platform, is now nearing completion of its workscope.The $6 billion…
Norwegian energy services giant Aker Solutions on Tuesday completed its previously announced merger with compatriot Kvaerner, and has pledged that the new company would work on speeding up the transition to sustainable energy production.'It…
Inverness-based offshore energy construction and services firm Global Energy Group said Wednesday it has appointed Iain Sinclair to the newly created role of Executive Director of Renewables and Energy Transition and shared plans to launch a new operation in Edinburgh…
Ocean transportation services company Dship Carriers has said it has transported a 750-metric-ton Pile Installation Frame (PIF), measuring 33.5 x 33.5 x 29 meters, as well as other offshore and seabed equipment from Rotterdam, the Netherlands to An Ping…
Brazilian offshore support vessel operator CBO has tasked maritime equipment manufacturer Wärtsilä, based in Finland, to convert one of its offshore vessels to operate with hybrid propulsion. The vessel selected for the upgrade is the 2012-built platform supply vessel CBO Flamengo…
Corvus Energy, energy storage solutions provider for the offshore energy industry has been selected by National Oilwell Varco (NOV) to supply the Energy Storage System (ESS) to be used on an offshore drilling rig.Corvus will deliver its ESS…
Offshore engineering and maintenance solutions provider Sparrows Group has said it has won a five-year contract with a major UK Continental Shelf operator to provide inspection services across all its assets in the region.The company, which didn't reveal the identity of the client said…
Iran's oil exports averaged 600,000 to 700,000 barrels per day (bpd) since March despite U.S. sanctions on its energy industry, an Iranian official said on Wednesday, far exceeding estimates by agencies monitoring the country's crude sales.One…
Norwegian energy firm Equinor has awarded Norsea Group, Saga Fjordbase, and ASCO Norge contracts for services at supply bases in Norway. The contracts are awarded on behalf of Equinor operated licenses on the Norwegian continental shelf.Peggy Krantz-Underland…
Italian oil giant Eni and the Norwegian energy investment firm HitecVision have announced today the establishment of a new joint venture company, Vårgrønn, with the aim of developing new green energy projects in Norway and the Nordic market…
Australia's Woodside [Energy] has changed tack on plans to sell assets to help fund its $11 billion Scarborough gas project, now targeting infrastructure investors instead of energy companies amid a slump in oil and gas prices.Woodside said…