Norwegian oil services firm Aker Solutions said on Wednesday the outlook has improved for the second half of the year with oil prices partly recovered from the lows in April and Norway offering tax incentives for the oil industry.Its full-year 2020 revenue…
Singapore's Keppel O&M has received orders from Japan's FPSO leasing company MODEC to deliver components for two FPSO units. The orders are worth S$73 million (USD52,5 million) in total.In Singapore, Keppel Shipyard will fabricate, complete…
The offshore wind industry had by far its busiest half-year ever for final investment decisions in 1H 2020, surpassing the full-year figures from 2019, according to the latest report from research company BloombergNEF (BNEF).Offshore wind financings in 1H 2020 totaled $35 billion…
Norwegian company Teknotherm Marine will provide the Heating, Ventilation & Air-Conditioning (HVAC) and Refrigeration systems for four offshore wind vessels currently being built in Spain.The vessels, to be built by Spanish shipyards Gondán Shipbuilders and Balenciaga Shipyard…
Poland laid out plans on Tuesday to merge four of its largest energy groups in a move the government hopes will create a player able to compete in international oil, gas and electricity markets.PKN Orlen, the country's largest refiner on Tuesday…
Norway's ship recycling firm Green Yard is taking over the cash strapped Kleven Verft shipyard after the latter recently filed for bankruptcy.In a press release issued on Tuesday, and titled 'Kleven is saved!,' Kleven said that Green Yard had…
Floating wind turbine developer Saitec Offshore Technologies is installing bird monitoring collision risk reduction system at its BlueSATH testing project, Saitec's first offshore wind deployment in Spain.BlueSATH testing project will take place…
Australia's Woodside Petroleum Ltd plans to book impairments of $4.37 billion after tax, joining global energy majors that have slashed the value of their assets after a coronavirus-induced slump in oil and gas prices.The bulk of the impairment - $3…
Oil prices fell more than 2% on Tuesday on worries that new clampdowns on businesses to stem surging U.S. coronavirus cases could threaten fuel demand recovery and expectations that OPEC+ might ease output cuts from August in an upcoming meeting…
Norwegian oil firm Aker BP on Tuesday beat second-quarter pretax profit expectations helped by record output and a partial reversal of impairments from the previous quarter as oil prices rose.Pretax profit fell to $151 million from $249 million a year earlier but beat a forecast of $91…
Offshore geoscience and geotechnical engineering consultancy, Cathie has teamed up with marine, offshore and engineering consultancy, Global Maritime in the sphere of jack-up rig services.More specifically, the duo promises to offer a 'holistic'…
Two former managers of Monaco-based energy consultancy Unaoil have been convicted in Britain of bribing Iraqi officials to clinch lucrative oil projects as the war-ravaged country tried to boost exports after the fall of Saddam Hussein in 2003…
UK-based subsea services provider Rever Offshore has said it has completed a contract awarded by Serica Energy for work at the Rhum field in the North Sea.Throughout the two-week campaign, Rever Offshore deployed the multi-purpose dive support and offshore construction vessel…
Offshore wind turbine maker MHI Vestas Offshore Wind is further boosting Taiwan's local offshore wind supply chain with the decision to source fasteners and cables locally.The company has previously announced contracts in Taiwan for local supply of blades…
On Friday, May 1, two workers on the PXA-1 offshore platform owned by Brazil's state-run oil company Petrobras checked into the facility's infirmary complaining of headaches and fever-like symptoms.Another Petrobras employee fell visibly ill the following day…
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