Renewable energy group Orsted booked 3.2 billion Danish crowns ($472 million) in impairment losses in the second quarter, due partly to a delay in construction of a major U.S. offshore wind project, sending its shares down almost 8% on Thursday…
Petrobras has awarded contracts to Techdof, a joint venture between DOF Subsea and TechnipFMC, for two of its pipelay support vessel (PLSVs).Petrobras extended the existing contract for PLSV Skandi Açu to mid-2026. This extension will be followed by the new three-year contract ending mid-2029…
TDI-Brooks, a U.S.-based marine services company specializing in geotechnical and offshore survey projects, has completed a third-party geotechnical coring project for Geohidra in the Southern Gulf of Mexico.This operation took place aboard the MV Laguna Azule…
Global Energy Group (GEG) has been awarded a contract from Subsea7 Norway, to fabricate 134 subsea spools for the Aker BP-operated Yggdrasil field in the North Sea.The work will be executed from GEG’s flagship multi-user energy facility at the Port of Nigg…
Canada-based oil and gas company Valeura Energy has produced first oil from its Nong Yao C development offshore Thailand.The first three of the seven Nong Yao C development wells were opened up for oil production on August 15, 2024, with additional wells to be brought online successively thereafter…
Seatrium has delivered its fourth jackup rig, Vali, to Borr Drilling from its Pioneer Yard in Singapore about a year ahead of its planned delivery next year.Vali is a KFELS Super B Class rig, specifically engineered to operate in water depths…
A development plan for Guyana's seventh offshore oil project is expected early next year, Natural Resources Minister Vickram Bharrat said on Wednesday, and would bring the South American nation's total oil production to more than 1.4 million barrels per day…
Malaysia-based Icon Offshore Berhad has confirmed that two seafarers were killed and another badly wounded during an incident on board one of its platform supply vessels (PSV).The fatal incident involving Icon Offshore's Icon Amara occurred on August 2…
Shell announced it will use water injection to enhance oil volume capacity at its deepwater Vito field in the U.S. Gulf of Mexico.The British multinational oil major on Wednesday said its Shell Offshore Inc. subsidiary has taken a final investment decision (FID) on the project…
Europe's record gas surplus inherited from the winter of 2023/24 has been largely eliminated following an unusually small accumulation of inventories so far in the summer of 2024.Inventories across the European Union and the United Kingdom have risen by just 336 terawatt-hours (TWh) since March 31…
Norway's Equinor and U.S. power company Dominion were the winning bidders in a U.S. government offshore wind auction of two areas off the coasts of Delaware, Maryland and Virginia, the U.S. Interior Department said on Wednesday.The offshore…
State-run oil firm Petrobras has begun studies for the implementation of a new oil platform in Brazil's Buzios field, three sources with knowledge of the matter told Reuters.Each Buzios platform has an average cost of $3.5 billion, said a source…
Workers, community members, and elected officials have marked the signing of a new Project Labor Agreement (PLA) for the construction of a $300 million maritime terminal that will support the construction of offshore wind farms in Massachusetts…
Poland is launching a nearly 5 billion euro ($5.46 billion) programme financed from the European Union's recovery funds to provide loans to builders of offshore wind farms on the Baltic Sea, the state assets ministry and bank BGK said on Tuesday…
Germany has asked Poland to arrest a Ukrainian diving instructor who was allegedly part of a team that blew up the Nord Stream gas pipelines two years ago, according to reports in German media published on Wednesday.However, one media outlet said the man appeared to be no longer living in Poland…