Norway's trade surplus rose to a record high in October as revenues from its offshore petroleum fields soared, led by a spike in the price of natural gas, national statistics agency (SSB) data showed on Monday.The October surplus hit 84.5 billion Norwegian crowns ($9…
Marine power cable company NKT has completed the power cable system connecting the 950 MW offshore wind farm Moray East in the UK to shore.NKT has commissioned the power cable project comprising three 220 kV HVAC power cable systems for the…
The Crown Estate for England, Wales, and Northern Ireland has this week confirmed plans to unlock up to 4GW of floating wind power capacity in the Celtic Sea 'and help establish a new industrial sector for the UK.'It said Thursday that the leasing…
Following the announcement of a proposed merger between offshore drillers Maersk Drilling and Noble Corporation on Wednesday, a Noble shareholder said it would vote against the deal.The combination is a primarily all-stock transaction where…
The Irish government on Thursday set out climate targets for key sectors of the economy it said were needed to cut greenhouse gas emissions by 51% by 2030, a plan it said will require around 125 billion euros ($144 billion) of private and public investment…
U.S. offshore wind developer Vineyard Wind has partnered up with the Danish offshore services firm Semco Maritime to create a service and maintenance hub in New Bedford, Massachusetts, and hire up to 40 people 'in the coming years.' Semco Maritime…
Portuguese oil company Galp Energia on Monday raised its earnings outlook for 2021 after higher oil prices and positive refining margins buoyed profitability in the third quarter.Galp said its adjusted core earnings or EBITDA in this year as a whole would exceed 2…
Sercel launched Bluepulse, a marine acoustic source that is a purpose-built to help protect marine wildlife from high-frequency emissions while maintaining highly accurate and reliable results for seismic acquisition.Bluepulse is compatible with all existing peripherals…
Norway's Equinor posted its strongest quarterly result in nine years on Wednesday, driven by a global energy supply crunch that pushed Europe's natural gas prices to record highs and sent the value of derivative contracts soaring.The company…
Canadian Prime Minister Justin Trudeau on Tuesday sparked concern in the country's oil patch and hope among green advocates when he named two men with strong environmental records to lead his government's fight against climate change.Steven…
The Biden administration on Friday took a procedural step towards holding an auction for oil and gas drilling rights in the Cook Inlet off the coast of Alaska next year.The move is the latest effort by the U.S. Department of Interior to comply…
Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to invest in wind and solar. Among a dozen U…
Norway's trade surplus rose last month to a record level thanks to soaring revenues from selling gas from its offshore fields, national statistics agency (SSB) data showed on Friday.With a daily output of around four million barrels of oil equivalent…
Britain faces a fossil fuel dilemma: it can burnish its green credentials by halting new oil and gas development in the North Sea, yet doing so will leave it more reliant on imported fuel.How Britain charts a course to achieve net-zero emissions…
Offshore drilling company Seadrill said all voting classes of stakeholders accepted its reorganization plan, including all 12 credit facilities and general unsecured creditors and shareholders, labeling the result as an important step to Chapter 11 emergence…
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