Engineering and technical service provider Offshore Design Engineering Ltd (ODE) has been selected as Owner’s Engineer for Codling Wind Park, set to become one of the largest offshore wind farms in Ireland.Executing its first renewables contract in Ireland…
Torger Rød has officially taken over as the new CEO of the Norwegian oil and gas company Vår Energi, the firm said Tuesday.He was elected as the new CEO back in January after Var Energi CEO Kristin F. Kragseth accepted the position as CEO of Petoro…
Russian vessel Fortuna has started laying pipes for the Nord Stream 2 gas pipeline in German waters, the gas project said on Sunday, citing Germany's Waterway and Shipping Authority.Nord Stream 2, which runs on the bed of the Baltic Sea from Russia to Germany…
Palfinger, an Austrian manufacturer of hydraulic lifting, loading, and handling systems for marine applications, has won a contract to deliver equipment for Ocean Infinity's fleet of robotic vessels to be built by VARD.Ocean Infinity, a U.S…
British renewable power generator and network operator SSE Plc said on Wednesday it was on track to invest 7.5 billion pounds ($10.6 billion) in low-carbon projects up to 2025.The company turned its focus to renewable power generation and networks…
James Fisher Renewables has been selected by the French transmission grid operator Réseau de Transport d'Electricité (RTE) to identify unexploded ordnance (UXO) along the export cable routes for the Fécamp offshore wind project.The 18-kilometer export cable…
Brazilian oil company Petrobras has awarded offshore services provider Subsea 7 a 'very large' contract for the delivery of subsea equipment for the Mero 3 deepwater field development, offshore Brazil.A very large contract, according to Subsea 7…
Iran has signed a $1.78 billion contract with Petropars Group to develop the country's Farzad B gas field, Oil Ministry website SHANA said on Monday, after the failure of talks with Indian companies to develop the offshore site.Under the deal…
Oil and gas company Spirit Energy has received consent for the extended use of the facilities on the Vale offshore field in Norway.The Vale gas field is located in the North Sea, 16 kilometers north of the Heimdal field. The field is developed…
Investors should not fund new oil, gas and coal supply projects if the world wants to reach net-zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, in the top global watchdog's starkest warning yet to curb fossil fuels…
Australia has stunned the oil industry with a levy to cover the estimated $200 million cost of removing facilities and cleaning up the area around an oil field off northwest Australia after the small company that owned the project collapsed…
Spending in the upstream oil and gas sector is expected to gradually begin to rise from 2022, however, it will not reach the pre-crisis period any time soon as the toll of the Covid-19 pandemic on upstream investments in the first two years of the downturn is estimated at a whopping $285 billion…
Renewable energy will account for a far larger share of global supply in 2050 than major oil companies or the International Energy Agency (IEA) expect, Oslo-based consultancy Rystad Energy said on Thursday.Its updated models show renewables meeting 74% of total energy demand by 2050…
Norway's Equinor raised its dividend and posted a bigger-than-expected rise in first-quarter operating profit on Thursday, boosted by higher oil and gas prices and massive one-off gains from its renewable energy business.The oil and gas company…
Delek Drilling said on Monday it has signed a non-binding deal to sell its stake in the east Mediterranean natural gas field Tamar to Abu Dhabi's Mubadala Petroleum for $1.1 billion.The deal, if finalized, would be among the most significant…
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