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…
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…
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…
Swedish utility Vattenfall will join the growing list of firms competing for licenses to build offshore wind farms off the coast of Norway, it said on Tuesday.Vattenfall is partnering with the Seagust joint venture formed by Norwegian investment…
Malaysian FPSO supplier Yinson has won a contract with Brazil's Petrobras for the delivery of an FPSO for the deployment at the Parque das Baleias Integrated Project, to be installed in the Jubarte Field, located in the north of Campos Basin…
Norwegian oil services firm Aker Solutions raised its 2022 revenue outlook on Tuesday and said its earnings margin is likely to increase this year while order intake is headed for a record high, sending its shares sharply higher.The company…
Namibia aims to fast-track the development of its first oilfield to have production by 2026 following a significant offshore discovery by Shell, a senior energy official told Reuters on Monday.Shell on Friday said the exploration well off the…
U.S. offshore vessel owner Hornbeck Offshore Services said Monday it had has acquired three high-spec new generation offshore supply vessels ('OSVs') from the U.S. Department of Transportation's Maritime Administration ('MARAD') for an undisclosed amount of cash…
Aker Solutions, a Norwegian engineering and construction company in the offshore energy industry field, has agreed to acquire Unitech Power Systems, an electrical power systems consultant.'The acquisition is an important step towards Aker Solutions…
U.S. offshore wind developer Vineyard Wind said Friday that Klaus S. Moeller, Project Director of Vineyard Wind 1 offshore wind project, was being promoted to CEO.Vineyard Wind, a joint venture between Copenhagen Infrastructure Partners (CIP) and Avangrid Renewables…
Oilfield services giant Petrofac has won two new contracts with Cairn Oil & Gas, Vedanta Limited, India’s largest private oil and gas exploration company. With a combined value of around $100 million, the wins include Petrofac’s first significant Operations and Maintenance (O&M) contract in-country…
Malaysian company Sapura Energy has issued a termination notice to Yunneng Wind Power in relation to a contract for the transportation and installation of monopiles at the Yunlin offshore wind farm in Taiwan, over an alleged breach of contract…
ABB has secured an order of around $27 million to supply Eneti’s two newbuild vessels with advanced power, automation, and control systems for improved safety and performance.The two $330 million wind turbine installation vessels (WTIV) will…
Aberdeen-based offshore rig inspection company ADC Energy has said it has been awarded its third contract in Asia-Pacific (APAC) in the first quarter of 2022 to provide its specialist rig inspection services to an unnamed global E&P operator in Malaysia…