A court in Switzerland said on Friday that Nord Stream 2, part of Russian gas company Gazprom, has reached a debt restructuring agreement with its creditors.The court had set a deadline of May 9 for Switzerland-based Nord Stream 2 to both restructure its debts and pay back small-scale creditors…
The two-man portable Comet-300 autonomous underwater vehicle (AUV) from RTSYS is a multi-dimensional and cost-effective. Light in weight, it is packed with power, able to carry a host of sensors and technologies – including RTSYS’ own underwater communications protocol…
Britain has more than doubled funding available under a scheme seeking to spur investment in offshore wind projects to 544 million pounds ($721.78 million), after higher than expected demand, the government said on Friday.The country has put…
Petrobras has identified the presence of high-quality oil with no contaminants in the pre-salt of Santos Basin, in an exploratory well in Aram block, offshore Brazil.Well 3-BRSA-1396D-SPS is located 248 km from the city of Santos-SP, at a water depth of 1…
Mexican state energy company Pemex plans to reopen old wells in a bid to squeeze more barrels out of them to boost declining oil production, according to two documents and four sources, as it struggles to reach an ambitious government target…
Copenhagen Infrastructure Partners (CIP), on behalf of its fund Copenhagen Infrastructure V (CI V), has entered into an agreement to divest a 10% stake in the 495MW Fengmiao I offshore wind farm in Taiwan to Mitsui O.S.K. Lines (MOL).The transaction…
The Norwegian ƶijϻ Directorate has granted OMV (Norge) a drilling permit for two wildcat wells in the Norwegian Sea, which will be drilled with Odfjell Drilling-managed DeepSea Bollsta semi-submersible rig.The permit is for wellbore 6606/4-1 S and 6606/4-1 A in production license 1194…
Norwegian seismic firm TGS has mobilized a number of its acquisition vessels in North Europe, marking the start of an active summer season in the region.TGS has deployed a total of four acquisition vessels in the region; three seismic vessels and one offshore wind vessel…
King Charles III's Crown Estate, which owns Britain's seabed, has given the go-ahead to expand high-density wind farms on current seabed leases, seeking a rapid and space-efficient way to raise capacity and support the country's energy transition…
Norway offered 76 new blocks to explore for oil and gas in the Norwegian Sea and the Barents Sea on Friday in a so-called APA licensing round, an annual event awarding acreage in mature parts of the continental shelf, the energy ministry said…
EDP Renovaveis, the world's fourth largest wind energy producer, said on Thursday it expects core recurring profit to grow 13% in 2025 on the back of a solid operational performance, despite a 24% drop in net income in the first quarter.The…
Safety technology provider Dräger Marine & ƶijϻ (DMO) has secured a long-term deal with a major North Sea oil and gas operator.Due to run for five-years, with a further two one-year extension options, the extension of the existing supply contract means more than 10 U…
SKF has entered into partnership with wave energy technology developer Carnegie Clean Energy to deliver power take-off (PTO) system for its CETO wave energy device.CETO is a fully submerged, point absorber type wave energy technology where a…
Fugro has secured contract to perform comprehensive geotechnical surveys for the eastern array of the Dogger Bank South (DBS) offshore wind farms, a major initiative led by RWE and Masdar to develop one of the U.K.'s most powerful offshore wind energy projects…
ADNOC Drilling, the subsidiary of Abu Dhabi's state oil giant, reported a 24% rise in first-quarter profit on Thursday, driven by strong growth in its oilfield services segment.ADNOC Drilling's net profit rose to $341 million in the quarter ended March…