Equinor, Europe's biggest supplier of natural gas, will use upcoming late-summer maintenance season to ensure that Norway's ageing fields can continue to deliver energy at a reliable pace, the company's CEO told Reuters on Wednesday.The maintenance and repair of Norwegian gas infrastructure…
Italian energy contractor Saipem confirmed its 2024 guidance on Wednesday after reporting a 36% rise in adjusted core profit in the second quarter compared with the same period of last year.Adjusted earnings before interest, tax, depreciation…
Venezuela on Wednesday granted a 20-year license to British energy producer BP and state-owned National Gas Company of Trinidad and Tobago (NGC) to develop the Venezuelan side of a natural gas field that extends into the Caribbean country's waters…
Power services firm GE Vernova on Wednesday said a manufacturing flaw led to a turbine blade failure at the Vineyard Wind offshore project off the coast of Massachusetts earlier this month.The turbine blade broke on July 13 and left potentially dangerous debris on beaches on the island of Nantucket…
The European Investment Bank (EIB) and Italian cable maker Prysmian have signed a new $488.7 million (€450 million) finance contract to facilitate green electricity transmission and distribution in Europe.With a view to meeting the growing demand…
One of the world’s leading LNG project developers New Fortress Energy (NFE) has secured a $700 million loan for the second floating liquefied natural gas (FLNG) unit in Mexico, days after producing LNG at its first FLNG unit offshore Altamira…
Norway's Equinor is still considering reducing its 80% stake in Britain's Rosebank oilfield as it seeks to bring the share in line with that of its other assets, Chief Financial Officer Torgrim Reitan told Reuters on Wednesday.The current 80%…
Australian-headquartered SRJ Technologies has signed an agreement for the acquisition of UK-based Air Control Entech (ACE), in a move aimed at bolstering its fleet with advanced drones and robots designed to conduct remote inspections of offshore energy assets…
Deme Offshore has laid all inter-array cables, manufactured by its partner Hellenic Cables, for the first phase of 3.6 GW Dogger Bank offshore wind farm in UK.More than 200 miles of 66KV inter-array cables have been successfully installed by…
Oilfield services firm Archer has been awarded a two-year contract for platform drilling services for Equinor in Brazil.The contract will commence in November 2024 in direct continuation of Archer’s current contract for drilling operations and…
Dutch company Huisman has booked an order for the delivery of a Knuckle Boom Crane for a client in the offshore energy market.The 550mt Knuckle Boom Crane will be equipped with Huisman’s proprietary secondary-controlled Active Heave Compensation System…
Oilfield services company TechnipFMC has secured a ‘substantial’ contract from Petrobras to supply flexible pipe for the pre-salt fields offshore Brazil.The contract covers the design, engineering, and manufacture of flexible pipe for water injection and gas lift…
SLB and Aker BP have agreed a long-term partnership to co-develop an AI-driven digital platform for Aker BP to accelerate innovation and deliver substantial efficiency improvements across the company’s E&P operations.The new platform will leverage…
Akselos, a pioneer in Structural Performance Management (SPM) software, has appointed Dr. Claus Reimers as Chief Product & Technology Officer (CPTO).Drawing on his vast technical background, leadership skills and energy industry expertise, Reimers…
The Energy Workforce & Technology Council has signaled its support for the Energy Permitting Reform Act of 2024, introduced by Senate Energy & Natural Resources Chairman Joe Manchin (I-WV) and Ranking Member John Barrasso (R-WY).The two lawmakers…