Offshore engineering and construction firm McDermott has been awarded a Front-End Engineering Design (FEED) contract by QatarEnergy for the North Field South (NFS) Offshore Pipelines and Power/FO cables Project. The new contract is in addition…
Major energy traders are taking hundreds of millions of dollars in losses as they scramble to plug a liquefied natural gas (LNG) supply gap after several outages hampered efforts to fill European storage ahead of the winter heating season.Unplanned disruptions at LNG plants in the United States…
Wind turbine maker Vestas expects to deliver more positive results next year, its chief executive said on Wednesday, as high costs from raw materials and transport, which hit second-quarter results, are passed on to customers.Shares in Vestas…
Vietnam will need investment of between $8 billion and $14 billion a year through to 2030 to develop new power plants and expand its grid, its deputy industry minister said on Wednesday.Of the amount, 75% would be spent on new power plants, with priority given to renewable sources…
North Sea investment firm Kistos on Tuesday walked away from its proposed offer to acquire British oil and gas group Serica Energy following weeks of wrangling.In July, Serica rejected Kistos's cash and shares merger proposal, which valued the company at 1…
Siemens Energy on Monday blamed a 200 million euro ($204 million) charge related to the wind-down of its Russian business for a wider net loss in 2022, but said it was still prepared to maintain turbines for the Nord Stream 1 Russian gas pipeline…
ExxonMobil has hired Acorn International, an environmental and risk management consultancy with offices in Boston and Houston, to perform an Environmental Impact Assessment (EIA) and lead the public consultation program for the Uaru Project…
Marine survey specialist TDI-Brooks said Tuesday it had brought online a shallow water (<75-m) pneumatic vibracore (pVC) to supplement its other electric VC options (Feritech FT550 and Rossfelder P-5). According to the company, the pVC is a lightweight (4…
Capricorn Energy should ditch its proposed merger with Tullow Oil, investor Palliser has said in a letter seen by Reuters, describing it as 'one-sided' and short of 'meaningful strategic rationale.''The Proposed Merger appears to us to be a…
Norwegian offshore vessel owner Solstad Offshore has secured a contract with Equinor for the platform supply vessel Normand Searcher.More precisely, Equinor has declared an option to extend the contract for the PSV for one more year to September 2023…
Oil and gas company BW Energy has signed an up to $300 million international Reserve Based Lending (RBL) facility, to finance further development work in a block offshore Gabon.The facility has an initial commitment of $200 million which can be expanded up to an additional $100 million…
The U.S. Coast Guard is responding to an oil spill after an oil tank platform collapsed at the Hilcorp Caillou Island facility in Terrebonne Bay, Louisiana, on Monday.Coast Guard Marine Safety Unit Houma personnel initially received a notification…
Saipem is in talks to end two contracts related to Russia's $21-billion Arctic LNG 2 project led by Moscow-listed gas producer Novatek NVTK.MM, the Italian energy services group said in its interim financial statement.Saipem said its backlog in Russia amounted to approximately 1…
Singapore-based shipbuilder Keppel has terminated three construction contracts signed years ago, citing clients' failure to pay up. The terminated contracts are related to orders made by TS Offshore, Sapura Energy, and Crystal Heights. TS Offshore…
Dutch maritime services firm EMAR Offshore Services has bought two Damen Fast Crew Suppliers (FCS) 2206 for an undisclosed fee.The first vessel, named E-Six, has already begun operations in Angola, supporting the local oil and gas industry, and will be joined by the E-Seven shortly…