NKT, a Denmark-based company specializing in power cable making and installation, said Friday it would sign a joint venture deal with Taiwanese cable company, Walsin Lihwa, to provide technical support for the construction of the first subsea power cable factory in Taiwan…
Trinidad and Tobago next month expects to formally begin negotiations with Venezuela on a promising offshore natural gas project, the Caribbean nation's energy minister said on Thursday.A deal would help revive the nation's gas production, which…
Greece’s Gastrade said on Thursday it expects to take a final investment decision on developing a second gas floating storage and regasification unit (FSRU) off the country’s northern port of Alexandroupolis by the end of the year.With Europe…
An investigation into a potentially fatal offshore rig incident in Norway in which a worker lost his arm after getting crushed by a heavy drag chain, has now been completed.The incident occurred on the Linus jack-up rig on November 10, 2022…
The Italian energy group Eni said on Thursday it would simplify and improve returns to investors in its 2023-2026 strategy plan.The group said it would raise its dividend by 7% and buy back shares worth 2.2 billion euros ($2.3 billion) in 2023…
The Norwegian offshore oil and gas safety regulator PSA Norway has ordered Equinor to ensure maintenance of hydrocarbon pipes in carbon steel on the Statfjord B platform after a probe into May 2022 gas leaks found what the PSA said were serious breaches of regulations…
Liebherr-MCCtec Rostock recently shipped four new offshore cranes to the Umid Babek Operating Company (UBOC) for the Umid-2 gas project in Azerbaijan. The delivery of the Board Offshore Crane (BOS) series units marks Liebherr Rostock’s first offshore crane shipment to Azerbaijan…
Dutch oil and gas services firm SBM Offshore forecast on Thursday an annual revenue of above $2.9 billion for 2023, bringing its guidance for earnings before interest, taxes, depreciation, and amortization (EBITDA) to above $1 billion.The group…
Investigations by Denmark, Germany and Sweden into explosions on the Nord Stream gas pipelines have not yet concluded, the three countries said on Tuesday as the U.N. Security Council met to discuss the September incident.Russia, which called for the meeting…
European manufacturers are considering investing hundreds of millions of dollars in Vietnam to build wind turbine plants, sources familiar with the situation said, as the country gears up to exploit its large untapped potential in offshore wind…
Dutch seabed survey firm Fugro will buy two 83.4-meter-long platform supply vessels, Topaz Endurance and Topaz Energy, and convert them into geotechnical vessels.'The offshore renewable energy market continues to grow rapidly, leading to high demand for Fugro’s services and strong backlog growth…
French energy major TotalEnergies, in partnership with Simply Blue Group, has secured a marine license for the 100MW Erebus project, Wales' first planned floating wind farm.The project is owned by Blue Gem Wind, the joint venture between TotalEnergies and Simply Blue Group…
Oil and gas producer Wintershall Dea swung to a loss last year, hit by significant impairments and losses related to Russia's war in Ukraine, it said on Thursday.Wintershall reported a group net loss of 4.8 billion euros ($5.1 billion), including 7 billion euros in one-off…
The U.S. administration on Wednesday proposed the first-ever offshore wind lease sale in the Gulf of Mexico, as part of the government's plan to spur offshore wind deployment beyond the East Coast.The proposed sale is part of the leasing path announced…
The Australian offshore oil and gas company Carnarvon Energy said Wednesday that it would sell a 10% interest in each of its Bedout Basin offshore blocks, including in the Dorado offshore oil field, off Western Australia, to a subsidiary of Taiwan’s national oil and gas company…
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