Rising oil prices and major profits at energy companies come at an opportune time for suppliers. Analysts expect the otherwise strained offshore carriers to begin ordering more ships in 2023, with Prosafe’s CEO reporting ”optimism in our field.”
Keppel O&M is hired to build a new production vessel worth USD 2.9bn for oil company Petrobras.
Viking Supply Ships achieves profit in the second quarter after many interim reports showing with bottom-line figures written in red. However, the company CEO warns of supply vessels rates declining going forward.
Keppel O&M is hired to build a new production vessel worth USD 2.9bn for oil company Petrobras.
The state Saudi Arabian oil giant posts another major profit in a market with elevated crude prices and ”healthy” demand.
The Norwegian oil company, a license partner alongside Pgnig, has struck oil and gas near the Skarv field in the Norwegian Sea.
Thursday, the IEA raised its forecast for global oil demand, now expecting consumption to reach 2.1 million bpd – 380,000 more than previously.
Two companies say they will each set up an LNG terminal in the north and south of Europe amid the continent’s gas crisis following Russia’s invasion of Ukraine.
Keppel Corporation becomes co-owner of a wind farm in the German North Sea alongside Ørsted and Gulf International Holding in a transaction worth EUR 305m.
The price on oil decreases Thursday morning following an increase on Wednesday, which came after a larger-than-expected decline in US inflation during July.
The Danish power company now demands that all suppliers use 100% sustainable electricity by 2025. Updated.
Tor Olav Trøim’s Borr Drilling searches for capital in the US and plans to issue shares on the New York Stock Exchange, a company statement reveals.
Russia says Ukraine has halted the flow in oil pipeline Druzhba as sanctions against the former country have blocked fee payments.
Embattled rig company Borr Drilling books a large deficit for the second quarter but is still optimistic regarding the future.
While oil makes gains due to high demand in China and the US, the latter and Iran are getting closer to signing a nuclear deal potentially allowing Iranian oil exports to Western markets.
Oil prices increase slightly Monday but remain near the lowest level since the Ukraine war broke out.
A shortage of modern MPP ships and an unexpected comeback for oil and gas means Hamburg-based United Heavy Lift is busy, Partner Andreas Rolner tells ShippingWatch. ”A year ago, we thought oil and gas was dead.”
One of the world’s oldest and still existing media, British maritime publication Lloyd’s List, has been sold to private equity firm Montagu.
Drilling company Valaris reports better Q2 results than expected. CEO Anton Dibowitz points to ”constructive” fundamental outlook for the offshore drilling market.
In Q2, hotel rig provider Prosafe saw substantially higher fleet utilization, which reached the highest level in seven years.
The British oil and gas supermajor reports operating earnings totaling a little under USD 13bn in this year’s second quarter, citing factors such as ”exceptional oil trading performance.”
Drilling rig company Transocean saw stronger revenue in Q2 than market analysts had forecasted, and the company CEO points to increasing optimism regarding a long-term upswing.
Cadeler, which was involved in foundation installations for Hornsea 2 as well, will transport and install offshore wind turbine foundations for the offshore wind farm that is expected to enter operation in 2026.
Net earnings more than triple to USD 11.6bn from USD 3.1bn – almost 50% beyond the prior quarterly record from 2008.
Bidders will be competing for rights to develop 2GW in the most recent auction held in the eastern US state.
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