Wind turbine maker Siemens Gamesa said on Friday it expects to return to profitability in 2022 after blaming its second annual operating loss in a row on higher raw materials and logistics costs, and cost overruns linked to a new model.High…
The completion of the controversial Nord Stream 2 gas pipeline to bring more Russian gas into Germany under the Baltic Sea would go some way to relieving the tight gas market this winter, but there were other factors at play, the chief finance officer of utility Uniper said…
Cairn Energy, soon to be renamed Capricorn Energy, has farmed into five Deltic Energy's gas licenses in the Southern North Sea, off the UK.The two companies first announced the farm-out deal in August 2021, and have now received the necessary…
A disruption at a gas well in Indonesia's Merakes gas field is likely to affect gas production for longer than expected, an official at the country's oil and gas regulator said on Monday.The issue, caused by a sand blockage, had been expected to be dealt with early this month November…
Swedish power company Vattenfall has selected wind turbine maker Siemens Gamesa as a preferred supplier for its 3.6 GW Norfolk offshore wind power projects in the UK. The agreement includes the potential deployment of Siemens Gamesa's new 14MW+…
Offshore wind turbine maker Siemens Gamesa Renewable Energy will license its 11 MW Direct Drive offshore technology to China's United Power. This entails supporting United Power to deploy the licensed offshore technology in the Chinese mainland’s territorial waters…
Claudio Descalzi, CEO of the Italian oil and gas giant Eni on Friday met with Filipe Nyusi, President of Mozambique, where Eni is working to develop giant offshore gas reserves using a floating LNG unit.Descalzi updated President Nyusi on the Eni-led Coral South Project…
Shell said on Friday it had restarted production at its offshore Mars and Ursa in the Gulf of Mexico and began exporting oil and gas through a transfer facility, which was shut due to damage from Hurricane Ida.The oil major was the hardest-hit producer from Ida…
Aker Offshore Wind, Ocean Winds, and Statkraft have agreed to jointly bid for, develop, construct, and operate offshore wind and associated infrastructure for the Utsira Nord license area offshore Norway.The equal partnership will submit an…
U.S. company Dominion Energy expects to file plans later on Friday with the Virginia State Corporation Commission for approval to construct the 2.6-gigawatt Coastal Virginia Offshore Wind (CVOW) commercial project, which will generate enough clean energy to power up to 660…
Woodside Petroleum slashed its gas reserves estimate for two fields at the Wheatstone project on Thursday, in an unexpected downgrade that knocked the top Australian oil and gas company's shares.The company also said it was on track to sell…
Subsea cable protection specialist Tekmar has said it has delivered the final batch of Cable Protection Systems (CPS) for Ørsted's Hornsea Two offshore wind farm in the UK.'Tekmar supplied over 340 export and array CPS in total. All systems were delivered to schedule and budget…
U.K.-based safety and survival solutions provider Survitec said it has completed its acquisition of Blue Anchor Fire & Safety, a Scottish provider of survival solutions to the fisheries, maritime and offshore energy industries.The investment…
Floating wind technology developer BW Ideol said Thursday that its planned offshore floating wind pilot project in California had progressed to the environmental assessment stage.The company said this was the next milestone in a permitting process…
Velesto Drilling, a Malaysia-based offshore drilling company, has ordered two Chela cranes from NOV's Gusto MSC, to be installed on a jack-up drilling rig.NOV said that the deal marked the first two orders for the 'new and cost-competitive version' of the Crane - the Chela Twins…