Bombora Wave Power said this week it was entering the final test and assembly phase of the 1.5MW Pembrokeshire Demonstration Project, as it prepares to validate what it says is the world’s most powerful Wave Energy Converter.'Rigorous testing…
Italian prosecutors on Tuesday dropped criminal proceedings over a $1.3 billion Nigerian oilfield deal, clearing energy majors Eni and Shell, as well as managers, including Eni Chief Executive Claudio Descalzi.Attorney General Celestina Gravina…
Sparrows Group said Tuesday it had secured a contract worth approximately £50 million (around $60 million) with a major UKCS operator to provide crane management services across its operating assets in the North Sea. It did not say who the client was…
Russia's Gazprom has told customers in Europe it cannot guarantee gas supplies because of 'extraordinary' circumstances, according to a letter seen by Reuters, upping the ante in an economic tit-for-tat with the West over Moscow's invasion of Ukraine…
Offshore helicopter services firm CHC said Monday that the Norwegian oil firm Equinor had awarded it a contract to provide crew change and search and rescue services (SAR) for its offshore installations in central Norway.General Operations Manager…
Russia's Gazprom has declared force majeure on gas supplies to Europe to at least one major customer, according to a letter from Gazprom that will add to European fears of fuel shortages.Dated July 14 and seen by Reuters on Monday, the legal…
Prysmian, the Italian energy and telecom cable systems provider, has won two contracts worth approximately €250 million (around $253,3 million) by Red Eléctrica de España, S.A.U., the transmission system operator of the Spanish power grid.The…
Danish offshore wind installation contractor Cadeler A/S has secured a vessel reservation agreement with Baltic Power for the installation of more than 70 offshore wind turbine generators (WTGs) in the Polish Baltic Sea. This marks Cadeler’s entry into Poland's developing offshore wind market…
Malaysia's state energy firm Petronas said it was taking steps to protect the legal position of all its global assets after two Luxembourg-based subsidiaries were served with a seizure notice last week over a dispute with the heirs of a late sultan…
A pool of banks will have to buy shares worth almost 600 million euros in Saipem SPMI.MI after a cash call by the Italian energy services firm fell short of the 2 billion euro target it was seeking from investors to shore-up its finances.Saipem on…
The European Commission has proposed to EU countries a deal with Azerbaijan to increase imports of natural gas and support the expansion of a pipeline to do this, according to a draft document seen by Reuters.The draft memorandum of understanding…
Subsea service provider Reach Subsea has chartered Volstad Maritime's offshore construction vessel Deep Cygnus for four years, with an option to extend for one year.The vessel will be equipped with launch and recovery systems (LARS) and ROVs before the delivery to Reach Subsea…
Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday that the future of the Nord Stream 1 gas pipeline to Germany would depend on gas demand in Europe and Western sanctions against Russia.The pipeline from Russia to Germany is undergoing annual maintenance until July 21…
Norwegian oil services firm Aker Solutions raised its 2022 revenue outlook as it sees increased activity from oil and gas companies, with tender activity heading for a new record, it said on Thursday.The company now expects its 2022 revenues to rise by around 30% year-on-year…
Norwegian shipbuilder Ulstein Verft AS said it has secured a contract from Norway-based Olympic to build two Construction Service Operation Vessels (CSOVs), with options for two additional vessels.The vessels, which are based on the ULSTEIN…
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