Siemens Gamesa is trying to raise wind turbine prices to cope with lofty raw materials costs and iron out complex internal procedures that have delayed new products and helped trigger a huge quarterly loss, Chief Executive Jochen Eickholt said on Wednesday…
Wood Plc said on Wednesday its Chief Executive Officer Robin Watson plans to retire and the British oilfield services and engineering firm also posted a drop in full-year revenue, sending its shares down as much as 6% in early trade.The London-listed company's revenue for the year ended Dec…
Renewable energy company RWE has selected Port of Thorsminde from which to carry out the operation and maintenance of its Thor offshore wind farm. With a planned capacity of 1,000 megawatts (MW) Thor will be Denmark’s largest offshore wind farm to date…
Oil and gas company ConocoPhillips has received license extensions for the production licenses in the Greater Ekofisk Area offshore Norway from 2028 to 2048. Ekofisk, Norway's first commercial offshore oil discovery made in 1969, was brought online in 1971…
Oilfield services firm TechnipFMC has said it has won a significant integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract with Wintershall Dea Norge AS for its Maria revitalization project, offshore Norway. For TechnipFMC…
Norwegian offshore vessel operator Solstad Offshore has won contracts for four of its platform supply vessels, as well as for several anchor handlers.When it comes to the PSVs, the contracts are for the vessels Normand Tantalus, Normand Serenade…
Denmark's government on Tuesday said it aimed to significantly boost renewable energy supply and temporarily increase production of natural gas from its fields in the North Sea, in a move to rapidly become independent of Russian supplies.'We…
Offshore installation company Jan De Nul Group has secured a contract with Sumitomo Electric for the installation of two subsea HVDC cables and one fiber optic cable that will link the existing electricity grids in Ireland and the United Kingdom…
Dutch marine services and towage company KOTUG has agreed to buy offshore support vessel firm Seaways International, in what is the largest acquisition in KOTUG's history.KOTUG said the move, of an undisclosed value, was part of its strategy…
Lime Petroleum, a subsidiary of Rex International has signed an agreement with MOL Norge, a Norwegian subsidiary of Hungarian oil company MOL, to acquire MOL's 40 percent interest in two licenses in the North Sea, offshore Norway.The licenses being acquired are the licenses PL820 S and PL 820 SB…
Tidal energy technology developer Minesto this week launched a plan for large-scale build-out of tidal energy arrays in the Faroe Islands.The plan includes four new verified sites that would supply 40% of the nation’s growing electricity consumption…
Greece could be sitting on tentative recoverable gas reserves of more than 600 billion cubic meters, a senior executive of its hydrocarbons commission said on Thursday, as Athens accelerates gas exploration to cut its reliance on Russian energy…
Marine Le Pen's plan to ban wind turbines is an 'aberration', Emmanuel Macron said on Thursday as France's presidential election campaign moved away from the two candidates accusing each other of being authoritarian to focus on concrete policies…
A group of minority shareholders in TotalEnergies TTEF.PA will present to the shareholders meeting a resolution asking the oil and gas major to detail its efforts to reduce greenhouse gas emissions, a copy of the resolution showed.The group consists of 12 French shareholders representing 0…
Italian energy services company Saipem, whose Saipem 7000 crane vessel with 275 people aboard tilted in a fjord in Norway on Thursday morning, released a statement on Thursday evening, confirming the incident had occurred, and sharing preliminary info on the likely cause…
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