Brazilian national oil company Petrobras posted a nearly 36% drop in its second-quarter profits on Thursday, citing falling crude prices, although earnings surpassed analyst expectations. Latin America's top oil producer posted recurring net profit of 28…
Offshore wind installation services firm Seaway 7, part of Subsea 7, has ordered the entire monopile installation spread for jack-up vessel Seaway Ventus from the Dutch firm Huisman.The GustoMSC NG-14000XL-G jack-up vessel was originally ordered by OHT…
Abu Dhabi National Oil Company (ADNOC) has agreed to acquire a 30% stake in the TotalEnergies-operated Absheron gas and condensate field in the Caspian Sea, for an undisclosed fee.Upon completion of the transaction, ADNOC will own a 30% stake in Absheron…
Italian firm Saipem has won two new contracts for offshore engineering and construction work in Romania and in Germany, with a total value of approximately 1.8 billion euros (currently around $1,97 billion).The first contract relates to the…
Britain has increased the amount available in its latest auction round to spur renewable power projects by 22 million pounds ($28 million) taking the total to 227 million pounds, the government said on Thursday.The move comes after Britain’s…
UK-based oil and gas company Spirit Energy is reporting its busiest year-to-date in decommissioning activities, with offshore campaigns taking place across the Central North Sea (CNS), Southern North Sea (SNS), and East Irish Sea.The most recent activity to be completed…
Offshore engineering services company DORIS has been appointed Principal Designer on the Broadshore and Bellrock floating offshore wind farm projects in Scotland by the BlueFloat Energy | Renantis Partnership.The Broadshore and Bellrock projects…
ROV supplier Forum Energy Technologies (FET) has appointed UnderOcean Servicos Maritimos (UnderOcean) to represent its Subsea operations in Brazil.The partnership will see UnderOcean provide business development and engineering support on behalf of FET’s Subsea Technologies product line in Brazil…
Greenpeace protesters draped the private home of British Prime Minister Rishi Sunak in black fabric on Thursday, stepping up their campaign against his government's policy on drilling for oil.A picture posted by Greenpeace UK on messaging platform X…
Norway's Aker Solutions has won a 'sizeable' contract from Azule Energy, a BP-Eni JV in Angola, to provide subsea umbilicals for the Ndungu project offshore Angola.Aker Solutions defines a sizeable contract as between NOK 0.5 billion (currently around $48…
The campaign to install the first of 277 turbines at the world’s largest offshore wind farm - the Dogger Bank Wind Farm in the UK - is underway, SSE Renewables said Thursday.The 260-meter-tall offshore wind turbines – each almost twice the height…
British Prime Minister Rishi Sunak defended his government's policies on the environment on Wednesday after campaigners criticized them, saying its record on cutting carbon emissions is better than other major countries.Britain adopted the target…
The Irish government has launched a public information and engagement period seeking the views of local South Coast communities to help determine where future offshore wind energy developments may take place. This follows the publication of…
Norwegian state energy firm Petoro said it was becoming harder to tie oil and gas platforms to the electricity grid as planned, as it reported a 34% drop in profit for the second quarter on Wednesday due to petroleum prices falling sharply.Petoro…
Malaysian FPSO leasing firm Yinson Production has acquired the Atlanta FPSO, a floating, production, storage, and offloading vessel that will serve as a production unit at Enauta's Atlanta field in Brazil.Yinson acquired the FPSO through the acquisition of AFPS B…