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…
Oilfield service firm Petrofac has secured a new three-year contract with ONEgas, an integrated cross-border asset between Shell UK and the Nederlandse Aardolie Maatschappij (NAM). The contract, secured by Petrofac’s Engineering and Production…
Sparrows Group's subsidiary Alpha has said it has been awarded a contract to carry out wind turbine platform modifications in support of a new walk-to-work system at a UK east-coast offshore wind farm.Alpha and Sparrows team will construct and install push-on plates…
Austrian oil and gas company OMV has completed the drilling of the wildcat well 1/3-13 in the North Sea, offshore Norway.Using Maersk Drilling's Maersk Integrator jack-up rig, OMV Norge, a subsidiary of OMV, drilled the well near the 1/3-11 (Ipswich) oil find…
Singapore unveiled on Wednesday one of the world's largest floating solar panel farms, spanning an area equivalent to 45 football fields and producing enough electricity to power the island's five water treatment plants.The project is part of…
Offshore vessel owner Olympic Subsea has decided to install Kongsberg Digital's Vessel Insight solution across its entire fleet as a means of accessing, collecting, and consolidating a full range of mission-critical data.Olympic Subsea’s fleet…
M Vest Water (MVW), a company providing water treatment solutions for the oil & gas industry has signed a distribution agreement with NOSC, a part of Norwegian Oilfield Supply Group, with activities mainly in Norway.Under the LoI MVW's products…
Petrobras' Albacora oilfields in Brazil are likely to attract at least three buyers despite a roughly one-month delay to let interested parties finalize their bids, four sources with knowledge of the matter told Reuters.Petroleo Brasileiro SA…