Jadestone Energy, an oil and gas production company focused on the Asia Pacific region, has received all the necessary approvals - including one from Petronas - to complete the acquisition of SapuraOMV's Peninsular Malaysia assets.Jadestone said in April it would acquire interests in four licenses…
Oil and gas major Shell and Iberdrola-owned Scottish Power said on Friday they had joined forces to bid to develop large-scale floating wind farms off the coast of Scotland.The companies said they had submitted proposals for the potential projects as part of Scotland's offshore wind leasing round…
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…
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…
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)…
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…
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…
Brazilian oil and gas company PetroRio has hired Ocyan Drilling's Norbe VI semi-submersible drilling rig for the Frade field revitalization campaign and the Wahoo Field development, offshore Brazil.Under the drilling contract which is expected to start in March 2022…
Maritime and offshore classification society American Bureau of Shipping (ABS) has classed the 25MW WindFloat Atlantic floating offshore wind farm in Portugal, making it the world’s first classed offshore wind farm of the type.The floating wind…
The Abu Dhabi National Oil Company (ADNOC) on Wednesday announced awards of $763.7 worth of contracts to Schlumberger, ADNOC Drilling, and Halliburton for integrated rigless services across six of its artificial islands in the Upper Zakum and Satah Al Razboot (SARB) fields…
Saudi Arabia and the United Arab Emirates have reached a compromise over OPEC+ oil policy, giving the UAE a higher production baseline and paving the way for extending a pact on remaining supply curbs to the end of 2022, an OPEC+ source said on Wednesday…
Malaysian oil and gas firm Petronas is preparing to start drilling an offshore well in Mexico.According to an exploration report by its Indonesian partner Medco Energi, Petronas is gearing up to drill the Bacalar-1EXP exploration well.Medco…
Subsea equipment and installation firm Subsea 7 said Wednesday it had secured a sizeable contract in the Middle East. Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million.The scope of work, for an unnamed client…