An inter-array cable issue on several Ørsted’s offshore wind farms in the UK and Continental Europe could have a total financial impact around DKK 3 billion (around €403 million) across 2021 to 2023, the company reported in its latest financial results. A cable failure was discovered during an inspe
Orkney-based environmental and sustainable energy company Aquatera has embarked on a major restructuring of its activities to create a new Aquatera Group structure covering the 15 businesses that it operates and participates in.
Seismic exploration company Shearwater GeoServices has acquired marine seismic acquisition assets previously owned by Polarcus.
Dutch marine contractor Boskalis has acquired Southern Ocean, a large DP-2 construction support vessel capable of executing a wide range of offshore operations.
Energy supermajor Shell has nearly doubled its earnings in the first quarter of 2020 due to higher realised oil prices and chemicals margins.
French energy major Total has signed an agreement with wpd to acquire a 23 per cent interest in Yunlin Holding GmbH, the owner of the 640 MW Yunlin offshore wind farm in Taiwan. The project, currently under construction, represents production capacity of 640 MW and benefits from a 20-year guaranteed
Swedish provider of engineered polymer solutions Trelleborg has divested another part of its oil and gas portfolio – this time in Norway.
Norwegian oil and gas company Aker BP has booked a profit and saw higher income in the first quarter of the year due to higher realised prices and an increase in sold volume compared to the previous quarter.
Oil and gas investment company ADM Energy has completed the acquisition of a controlling interest in a risk-sharing agreement for the development of the Barracuda field.
Danish company Floating Power Plant (FPP) has secured €17.65 million in R&D tax credits for an offshore floating wind and wave project off the coast of the Canary Islands.
Shareholders of Australia’s FAR Limited have approved the sale of the company’s Senegal RSSD project, which contains the Sangomar field, to Woodside.
Offshore drilling contractor Valaris booked a $910 million loss in the first quarter of the year but hopes to re-emerge from bankruptcy sooner rather than later.
The Kriegers Flak offshore wind farm in the Baltic Sea, where half of the turbines have been installed so far, is already generating electricity for Danish households and has contributed to Vattenfall’s Q1 2021 results. The developer reported a decrease in electricity generation in the first quarter
A subsidiary of Norwegian offshore vessel owner Eidesvik Offshore has sold and delivered one of its platform supply vessels (PSVs).
