Turning around Siemens Gamesa will take time, the CEO of its majority shareholder Siemens Energy said on Wednesday, adding that the latest profit warning from the wind turbine maker was 'frustrating'.Siemens Gamesa, the world's largest maker of offshore wind turbines…
Britain will hold yearly auctions to support new renewable projects from 2023, the government said on Wednesday, as it seeks to boost low carbon power production to meet its climate goals.Britain has a target to reach net zero emissions by 2050…
Singapore's Keppel Offshore & Marine said Wednesday it had secured contracts worth around S$250 million (~$186 million) for the conversion of a Floating Storage and Regasification Unit (FSRU), integration of a Floating Production Storage and Offloading (FPSO) vessel…
Thai-based offshore services provider Mermaid Maritime has entered into a two-year charter contract for the Van Gogh DP2 Diving Support Construction Vessel (“DSCV”). The 111.58-meter-long vessel, built by China Merchant Heavy Industries and owned by Ultra Deep Solutions…
Australian oil and gas company Santos is set to start drilling the Pavo-1 well, offshore W. Australia, as the Noble Tom Prosser jack-up drilling rig has reached the well site and completed pre-drill preparations.The Pavo-1, operated by Santos…
Brazilian oil company Enauta has hired the Alpha Star semi-submersible drilling rig to drill the fourth production well at its Atlanta field in the Santos Basin, offshore Brazil.Enauta expects to start drilling in the fourth quarter of 2022…
Oil company EnQuest has sent a notice of arbitration to the Malaysian offshore oilfields services firm Barakah Offshore Petroleum regarding a dispute in which an adjudication decision was made in January ordering EnQuest to pay around $17,1 million…
Cloud enterprise software company IFS said Tuesday that the shallow water offshore drilling contractor Borr Drilling was upgrading its existing IT platforms to the latest IFS versions including IFS Cloud, IFS Cloud Services and IFS Success Services…
U.S. President Joe Biden said on Monday that the Nord Stream 2 gas pipeline would be halted if Russia invades Ukraine and stressed unity with German Chancellor Olaf Scholz as the West rallies to avert a war in Europe.At a White House press conference with the new German leader…
Britain's National Grid ESO (NG.L) has for the first time awarded a contract to an offshore wind farm to help keep voltage levels in the power network stable, it said on Monday. The transmission assets of the Dogger Bank C offshore wind farm…
BMT has won a design contract for three new Crew Transfer Vessels (CTVs) to be operated at east coast wind farms in the US. The three vessels will be built by Senesco in the USA under ABS classification meeting USCG subchapter L regulations…
Oil and gas company Eco Atlantic has signed a firm agreement to acquire the South Africa and Namibia-focused oil firm Azinam, in return for a 16.5% equity stake in the enlarged company. The Sale and Purchase Agreement follows a memorandum of…
Shearwater GeoServices has signed 'a significant' licensing contract for its Shearwater Reveal geophysical software with Petrobras. The agreement includes the provision of associated training and support services.Under the agreement, Petrobras’…
Norway has earmarked two areas in the North Sea to accommodate up to 4.5 gigawatt (GW) of floating and bottom-fixed wind turbine capacity and will identify additional offshore areas for development amid strong interest from energy firms.Utsira Nord…
BP's profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share repurchases and said it was accelerating plans to cut emissions with increased spending on low carbon energy.BP's rebound to an annual profit of $12…