(Reuters) - BP (BP.L) boosted its dividend and share buybacks on Tuesday, sending its shares up by over 5%, after beating expectations with a $2.8 billion second-quarter profit powered by higher oil prices and recovering demand. The strong results, underpinned by higher sales at petrol stations, went some way towards easing investors' concerns over BP's plan to... Continue Reading →
Subsea 7 buys into Spanish floating wind specialist
Subsea engineering, construction and services company Subsea 7 has entered into an agreement to acquire a majority interest in the equity of Nautilus Floating Solutions S.L. a developer of technology for the floating wind market based in Bilbao, Spain. According to Subsea 7, Nautilus has developed a promising concept for a floating wind foundation based... Continue Reading →
Saipem Posts 1H Loss. Expects Sales Pick-up in 2H
Italian energy services group Saipem on Friday forecast a sales pick-up in the second half after posting an operating loss in the first six months, hurt by the impact of the COVID-19 pandemic and problems with a wind project. The group posted an adjusted operating loss of 266 million euros ($316 million) for the first... Continue Reading →
WRAPUP Big Oil back to boom after pandemic bust, aiding climate push
(Reuters) - Europe's top energy companies signalled confidence in a lasting recovery from the pandemic impact by drawing on higher oil prices to boost shareholder returns and reassure investors as they roll out risky climate strategies. After swiftly cutting spending and jobs in response to the unprecedented collapse in energy demand last year, executives from... Continue Reading →
Equinor second quarter 2021 results
Equinor (STOHF) (OSE: EQNR, NYSE: EQNR) reports adjusted earnings of USD 4.64 billion and USD 1.58 billion after tax in the second quarter of 2021. IFRS net operating income was USD 5.30 billion and the IFRS net income was USD 1.94 billion. The second quarter of 2021 was characterised by: Strong results due to higher... Continue Reading →
An Overview of the Work Class ROV Market
By Oliver Thompson, Archer Knight Demand for work-class ROVs (WROV) has traditionally been determined by the state of the global offshore oil & gas industry. This is likely to remain the case in the short to medium-term. However, there’s a new kid on the block – offshore wind. Growth in this sector is seen as... Continue Reading →
Océole: New Floating Wind Player Formed in France
Norwegian energy giant Equinor has teamed up with RES and Green Giraffe to form Océole, a company dedicated to developing floating offshore wind in France. Océole will evaluate and work towards submitting bids in the upcoming floating offshore wind tenders held by the French government, Equinor said Tuesday. "Establishing this partnership is in line with... Continue Reading →
Samsung Heavy Industries Eyes Entry in Renewables Market with Floating Wind Turbine Design
South Korean shipbuilder Samsung Heavy Industries (SHI) has announced plans to enter the renewables market with the development of a large-scale floating wind turbine. The shipbuilder has received an Approval in Principle (AiP) from classification society DNV for its Tri-Star Float, a 9.5-MW offshore wind floater. SHI is hoping its turbine technology will be selected... Continue Reading →
Ports supplied by offshore wind are preferred models for green hydrogen in Brazil
(epbr) The investments announced for the construction of plants producing green hydrogen (H2V) in Brazil already total more than US$ 22 billion, all concentrated in ports — Pecém, in Ceará, Suape, in Pernambuco, and Açu, in Rio de Janeiro. These ports combine a series of strategic factors for the development of the new H2V chain,... Continue Reading →
Looming loss piles pressure on turbine maker Siemens Gamesa
(Reuters) - Shares in Siemens Gamesa (SGREN.MC) fell more than 18% on Thursday after the wind turbine maker's second profit warning in less than three months due to spiralling raw materials prices and the cost of delivering its new onshore platform. The warning of a possible loss this year had a knock-on effect on parent Siemens Energy (ENR1n.DE),... Continue Reading →
