Thursday, January 2, 2025
HSM Offshore Energy rolls out THOR OHVS topside- oil and gas 360

HSM Offshore Energy rolls out THOR OHVS topside

(World Oil) – (WO) — HSM Offshore Energy, a leader in the EPCIC of multidisciplinary offshore renewable projects, has successfully rolled out the THOR OHVS (Offshore High Voltage Substation) and lifted the GIS modules for RWE Renewables at its Schiedam yard in the Netherlands. Upon completion, THOR, with a planned capacity of 1058 MW, will stand as Denmark’s largest offshore

Vermilion Production up 19% to 96 MBOEPD

Vermilion Energy (ticker: VET) held its Q3 conference call this week, elaborating on its temporary withdrawal from the Netherlands, share buybacks, basin potentials and budget assumptions. Fund flows from operations (“FFO”) for Q3 2018 were $261 million ($1.71/basic share), an increase of 34% from the prior quarter (18% on a per share basis) driven by higher production volumes and higher commodity

Vermilion Energy: Global Diversification Fueling 65 MBOEPD of Production

Global oil and gas operator Vermilion Energy (tickers: VET) holds producing acreage worldwide. The company’s assets are spread across three main regions: North America, Europe, and Australia. Its oil and gas assets are located in 10 countries. Vermilion’s focus on commodity diversification—oil and natural gas—creates stable cash flow and reduces the effect of volatility in individual commodity prices. European gas

Dutch Government Bans Hydraulic Fracturing for Five Years

Exploration wells to be allowed with permission from the government Dutch Minister of Economic Affairs Henk Kamp announced that the government will impose a ban on hydraulic fracturing until 2020. “No commercial exploration or extraction of shale gas will take place in the Netherlands over the next five years,” according to a release from the Dutch government. “Existing licenses for