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  • 21 August 2019
    Operations & Maintenance

    KEPCO Engineering & Construction Company (KEPCO E&C) has appointed K2 Management to help it deliver the first floating offshore wind farm in Korea for the developer, Ulsan consortium. The project, in the pre-feasibility phase supported by the Korean government, is expected to be approximately 200MW as a testbed, around 50 kilometres from the coast of […]

  • 8 October 2018
    Project & Tenders, Storage

    Belgian offshore wind developer Northwester 2 has selected the French cable specialist Nexans to provide an export cable system for the 219MW Northwester 2 offshore wind farm.

  • 8 October 2018
    Project & Tenders, Storage

    Belgian offshore wind developer Northwester 2 has selected the French cable specialist Nexans to provide an export cable system for the 219MW Northwester 2 offshore wind farm.

  • 29 July 2016
    Business & Finance

    Oil producer ExxonMobil has informed that the company’s earnings during the second quarter of 2016 plunged by 59 percent, compared to the same period in 2015, hit by sharply lower commodity prices.  The company on Friday posted estimated second quarter 2016 earnings of $1.7 billion, compared with $4.2 billion a year earlier. Revenues during the […]

  • 27 July 2017
    Business & Finance

    French oil major Total posted lower profit for the second quarter of the year despite increase in production and revenues as it looks to further cut costs.  The company recorded a net income for the second quarter 2017 of $2.03 billion, a decrease when compared to the second quarter of 2016 and net income of […]

  • 25 June 2015

    A court in the Netherlands has ordered the state to cut greenhouse gas emissions, in what has been described as a landmark ruling, setting precedent for more similar actions around the world. The Hague District Court yesterday (Wednesday) ruled that the state also has to ensure that the Dutch emissions in the year 2020 will be […]

  • 4 August 2017
    Business & Finance

    Seismic services player Polarcus posted a bigger loss for the second quarter 2017 period compared to a year ago while recording a little over half the revenues it booked last year.  The Oslo-listed geophysical company on Friday posted a net loss of $33.7 million for this  year’s second quarter as opposed to a $11.2 million […]

  • 2 August 2017
    Business & Finance

    Swedish oil company Lundin Petroleum went from red to black ink for the second quarter 2017 after more than doubling its revenues helped by bigger output. Lundin also revised its full year production guidance for the second time.  According to its financial report on Wednesday, the company’s net result for the second quarter of the […]

  • 27 July 2017
    Business & Finance

    Recently-formed energy services provider TechnipFMC on Thursday recorded an increase in profit for the second quarter of 2017 despite lower revenues.  The company, formed in early 2017 through a merger of French Technip and U.S. FMC Technologies, recorded a profit of $164.9 million for the second quarter 2017, an increase from a $55.2 million profit […]

  • 12 June 2017

    Nord Stream 2, the Gazprom-controlled operator of the planned Nord Stream 2 gas pipeline in the Baltic Sea, has criticized the European Commissions request for mandate to negotiate with Russia an agreement on the project. The European Commission on Friday adopted a request to the Council of the European Union for a mandate to negotiate […]

  • 5 August 2016
    Business & Finance

    Norwegian provider of multi-client geoscience data to oil and gas companies, TGS, posted a drop in profit and revenues for the second quarter of the year but expects improvement in the longer term as the demand-supply balance continues to tighten. The multi-client company on Thursday reported a net income of $16.8 million for the second quarter […]

  • 3 August 2017
    Business & Finance, Exploration & Production

    Offshore driller Transocean posted a net loss of $1,69 billion for the second quarter of 2017, compared to a net income of $82 million in the second quarter of 2016, dragged down by jack-up fleet impairment. Revenues were $751 million, down from $940 million a year ago. Second quarter 2017 results included net unfavorable items […]

  • 14 August 2018

    Fred. Olsen Windcarrier has shared a timelapse video of the jack-up vessel Bold Tern installing an MHI Vestas V164-8.0 MW wind turbine on a suction bucket jacket foundation at the Borkum Riffgrund 2 wind farm in the German North Sea.

  • 28 July 2016
    Business & Finance

    French oil company Total said on Thursday that its second quarter profit dropped by 30 percent when compared to the same period last year.  Namely, the company reported a net income of $2.09 billion in 2Q 2016, compared to $2.97 billion for the corresponding period in 2015. Total’s hydrocarbon production was 2,424 thousand barrels of […]

  • 24 July 2017
    Business & Finance

    Halliburton, one of the world’s largest oilfield services providers, returned to profit in the second quarter 2017 from a significant loss recorded in the last year’s second quarter. In its report on Monday, the oilfield services giant posted a profit of $28 million compared to $3.2 billion loss in the corresponding period of 2016 when […]

  • 27 July 2016
    Business & Finance

    U.S.-based oil and natural gas exploration and production company Anadarko Petroleum Corporation swung to a loss in the second quarter of 2016 compared to a profit in the prior-year second quarter.  The company on Tuesday reported a loss of $692 million for the second quarter 2016, as opposed to a profit of $61 million in […]

  • 26 July 2018
    Business & Finance

    Polarcus managed to cut its loss in the second quarter 2018 when compared to the same period last year.

  • 5 December 2018
    Project & Tenders

    Bladt Industries has secured a contract to build additional 24 transition pieces for Ørsted’s Borssele 1 and 2 offshore wind farm in the Dutch North Sea.

  • 18 October 2018
    Project & Tenders, Storage

    Lancashire-based VolkerInfra has signed a multi-million-pound contract with Ørsted to install 360 kilometres of high voltage onshore cables for the 1.4GW Hornsea 2 offshore wind farm.

  • 27 July 2017
    Project & Tenders

    Nord Stream 2 AG, the operator of the Nord Stream 2 pipeline project, has completed the environmental impact assessment (EIA) procedure for the section of the pipeline in Finland. The company said that the procedure was completed on Thursday after the coordinating authority, Uusimaa ELY Centre, responsible for the national procedure in Finland, issued its […]

  • 22 October 2013
    Business & Finance

    On October 15, COSCO (Zhoushan) Shipyard, a subsidiary of the COSCO Shipyard Group, and QE2 Holdings Ltd, entered into a contract for the refurbishment of the legendary cruise ship Queen Elizabeth 2 into a luxury five-star floating hotel. This is the first cruise ship conversion project COSCO Shipyard has undertaken; it is also the first […]

  • 31 January 2018
    Project & Tenders

    Nord Stream 2 AG has received the construction and operation permit for the planned pipeline in German territorial waters.