UK-based oil firm Serica Energy has slightly decreased its production forecast for 2024, following the outage at its Triton floating production, storage, and offloading (FPSO) unit in the North Sea.Serica Energy plc said the production via…
BP on Tuesday reported a 30% drop in third quarter profit to $2.3 billion, the lowest in almost four years, weighed down by weaker refining margins and oil trading results.The drop in profit from a year earlier was, however, smaller than expected…
TotalEnergies has discovered additional gas condensate resources in the new well at the Harald field in the Danish North Sea, which could start producing through the existing Harald and Tyra facilities before the end of 2024.Located in shallow waters…
Mammoet has been hired by shipbuilder and ship repair company Damen Shiprepair to assist with a jack-up leg repair for the Noble Corporation drilling rig Noble Regina Allen, reducing the downtime of the rig during retrofit process.Initially…
The European Investment Bank (EIB) and Elia Transmission Belgium (ETB) have signed a $704 million (€650 million) green credit facility agreement, earmarked for the realization of the first phase of the Princess Elisabeth Island project.The Princess…
Offshore drilling contractor Vantage Drilling has listed its shares on Euronext Growth Oslo, a multilateral trading facility operated by Euronext.The company’s shares on Euronext Growth Oslo have been listed since October 28, 2024, under the ticker code VDI…
Portugal's Galp Energia on Monday posted a 22% fall in third-quarter adjusted core profit, hit by lower oil output and a sharp drop in refining margins, but earnings still beat estimates for the period.The energy firm reported adjusted earnings before interest…
Van Oord has installed over a quarter of the foundations which will support Sofia offshore wind farm’s 100 wind turbines in the North Sea since the start of operations in May.The Dutch contractor Van Oord is using the Port of Tyne’s Clean Energy Park as a storage and marshalling base…
Technology company Techouse has teamed up with several energy companies, including TotalEnergies and Equinor, to develop and test a compact once-through steam generator (OTSG) that could reduce fuel consumption and emissions at offshore installations…
Belgium-based offshore installation services company DEME has secured a contract, worth up to $320 million, to carry out the transport and installation works for the inter-array cables and secondary steel for the OranjeWind offshore wind farm in the Netherlands…
The Norwegian Offshore Directorate has granted OKEA a drilling permit for a new wildcat well at Brage field in the North Sea.The permit is for a wellbore 31/4-A-23 F in production license 055.OKEA is the operator of the license with 35.2% stake…
Inyanga Marine Energy Group has launched a crowdfunding round to advance the development of its HydroWing tidal energy technology and projects.The crowdfudnign campaign has been opened in partnership with Crowdcube.HydroWing aims to unlock the…
Subsea technology and services provider Ashtead Technology has signed an agreement with Acteon Group to acquire Seascan and its subsidiaries known as Seatronic, and its sister company J2 Subsea for $81.5 million.The latest acquisition will further…
Norway's largest oilfield Johan Sverdrup is expected to come off its production plateau early next year, operator Equinor said on Thursday.The field hit record daily output of more than 756,000 barrels of oil per day in September, equivalent to some 6%-7% of Europe's daily oil consumption…
Equinor reported a sharper-than-expected 13% decline in third-quarter profit on Thursday, hit by weaker oil prices and lower production, and cut its full-year outlook for capital expenditure and renewable energy production growth.The Norwegian…
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