Thai energy company, Global Power Synergy Pcl (GPSC), on Thursday said it had acquired a 25% stake in a Taiwanese offshore wind farm for $500 million.The deal comes a day after it announced a $453 million investment in a solar project in India…
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…
Former BP Plc Chief Executive Tony Hayward will lead the listing of a $175 million shell company aimed at investing in green energy projects in Europe, a bank working on the deal said on Thursday.The Special Purpose Acquisition Company (SPAC)…
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…
DNV, an energy industry consultancy and assurance provider, said Thursday it would lead the process safety study to identify the main environmental, safety and operational risks for what they say will be the world's first offshore hydrogen production facilities…
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…
ICR Integrity (ICR), an industrial maintenance and integrity company, has won a three-year contract with Shell UK.Under the contract, which includes extension options, ICR will provide its Technowrap engineered composite repairs, as well as Quickflange weldless connectors…
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…
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