Aquadrill, a drilling company formerly known as Seadrill Partners, said Thursday it had secured a one-well contract with Equinor for the Vela drilling rig in the US Gulf of Mexico. 'The rig will be managed and operated by Seadrill Limited. The…
U.S. oil major ExxonMobil has agreed to take part in the Scottish carbon capture project that's designed to store carbon from onshore industrial plants under the North Sea seabed.The project, named Acorn carbon capture and storage project (CCS) in Scotland…
President Joe Biden and German Chancellor Angela Merkel failed on Thursday to settle their dispute over Russia's Nord Stream 2 natural gas pipeline but said they agreed that Moscow must not be allowed to use energy as a weapon to coerce its neighbors…
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co has ordered from Huisman a 2,600mt Leg Encircling Crane (LEC), to be installed on Eneti’s newbuild wind turbine installation vessel (WTIV).'The new Leg Encircling Crane has a 147-meter long boom…
Dutch marine and offshore services provider Boskalis said this week it has completed the installation of the fifth and final floating wind turbine at the Kincardine floating wind farm off the UK, currently the world's largest floating wind farm…
SBM Offshore, a Dutch company best known for its FPSO leasing business, has developed an artificial intelligence-powered mooring lines monitoring solution which has now received new technology qualification from classification society ABS.The…
Nigeria's senate approved a reconciled version of a bill on Thursday aimed at attracting billions in investment to its aging oil sector, capping a two-decade bid for reforms, just as investors begin to look beyond fossil fuels.The overhaul governs…
Azerbaijan's national oil company SOCAR has signed a cooperation agreement with energy services firm Technip Energies for a floating wind pilot project.SOCAR said the two firms would study sustainability measures in the offshore upstream activities…
Oil prices fell on Thursday, extending losses as investors braced for increased supplies after a compromise deal between leading OPEC producers and as U.S. fuel stocks rose, raising concerns over demand in the world's largest consumer.Brent crude dropped 52 cents…
South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) has won an order to build a fixed offshore platform for the Al-Shaheen oil field in Qatar.The order, worth around KRW 725.3 billion ($635,3 million) was made by the North Oil Company (NOC)…
Thai energy company, Global Power Synergy Pcl (GPSC), on Thursday said it had acquired a 25% stake in a Taiwanese offshore wind farm for $500 million.The deal comes a day after it announced a $453 million investment in a solar project in India…
Brazilian oil firm PetroRio said Wednesday it had completed the tieback between the Polvo and Tubarão Martelo offshore fields, a move that will slash its operational costs as there would no longer be a need for a chartered FPSO.According to PetroRio…
Shares in Siemens Gamesa tumbled as much as 17% on Thursday after the wind turbine maker warned of a possible loss due to sharp increases in raw materials prices and product ramp-up costs.Parent Siemens Energy scrapped its own margin target…
Former BP Plc Chief Executive Tony Hayward will lead the listing of a $175 million shell company aimed at investing in green energy projects in Europe, a bank working on the deal said on Thursday.The Special Purpose Acquisition Company (SPAC)…
Green Investment Group (GIG), part of Macquarie Group, has selected the UK-based engineering firm Offshore Design Engineering (ODE) as the Owner’s Engineer and Package Manager for its offshore wind farms in South Korea.Under the contract, ODE will manage a range of packages including foundations…