Search results for: Magnus

404 results

A list of search results

  • 3 December 2018

    EnQuest has completed the acquisition of the remaining 75% interest in the Magnus oil field, an additional 9% interest in the Sullom Voe Oil terminal and supply facility and additional interests in associated infrastructure from BP.

  • 4 October 2018

    EnQuest has exercised its options with BP relating to the Magnus field and associated infrastructure and the Thistle and Deveron fields in the North Sea. 

  • 7 September 2018

    EnQuest has exercised an option to acquire the remaining 75% interest in the Magnus field in the UK North Sea from the British oil major BP.

  • 1 December 2017

    EnQuest has completed the acquisition of an initial 25% interest in BP’s UK North Sea Magnus oil field, a 3.0% interest in the Sullom Voe Oil terminal and supply facility (‘SVT’) and additional interests in associated infrastructure from BP as planned. Under the agreement originally announced in January, the acquisition price of $85 million is […]

  • 22 November 2017

    BP is taking workers off its Magnus platform in the UK North Sea, following a recently reported contamination of drinking water aboard the unit.

  • 25 January 2017

    Offshore workers’ union in the UK, Unite, has pledged to make sure the rights of BP workers are protected in any transfer to a new employer after BP’s sale of interests in a UK North Sea field and some associated pipeline infrastructure to EnQuest.  To remind, BP on Tuesday announced the sale of 25 percent […]

  • 24 January 2017

    BP will sell portions of its interests in the Magnus oil field and some associated pipeline infrastructure in the UK northern North Sea and in the Sullom Voe Terminal (SVT) on Shetland to EnQuest. The British oil major said that the sale includes 25 percent of BP’s 100 percent stake in Magnus; 25 percent of […]

  • 5 November 2014
    Business & Finance

    Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States and a major provider of environmental and remediation services, has acquired the stock of Magnus Pacific Corporation (Magnus). Magnus is expected to generate approximately $118 million of revenue in 2014 and adds approximately $90 million to Great Lakes’ backlog, […]

  • 3 October 2014
    Business & Finance, Operations & Maintenance

    Cape plc, an international leader in the provision of critical industrial services to the energy and natural resources sectors, announces the award of a contract with BP to supply its services within the Magnus Life Extension project, MLXP. MLXP is a project being undertaken by BP as part of its North Sea renewals programme, and […]

  • 3 October 2014
    Business & Finance

    Cape plc will supply its services to BP within the Magnus Life Extension project, MLXP in the UK North Sea.   MLXP is a project being undertaken by BP as part of its North Sea renewals programme, and will see work carried out continuously from now through to Q2 2015. The North Sea business will then […]

  • 21 May 2014
    Business & Finance, Project & Tenders

    BP Exploration Operating Company Limited has awarded a contract to Floatel International for provision of an accommodation and construction support vessel for BP Magnus Life Extension Project. Floatel Superior is the nominated vessel for the work and the charter will commence mid/end February 2015 for a firm hire period of three months. BP Magnus offshore […]

  • 21 May 2014
    Business & Finance

    Floatel’s accommodation rig has secured a contract in the UK North Sea. BP Exploration Operating Company Limited has awarded a contract to Floatel International for the provision of an accommodation and construction support vessel for BP Magnus Life Extension Project. Floatel Superior is the nominated unit for the work and the charter will start mid/end February 2015 […]

  • 28 March 2012
    Business & Finance, Research & Development

    Wireline Engineering has announced the appointed of Magnus Wardle as the first Engineering Director in the Aberdeen company’s fourteen year history. A native of Aberdeen, Mr Wardle re-joins Wireline Engineering from Halliburton Energy Services where he spent the past five years as technology manager and as chief engineer prior to that. He had previously held […]

  • 28 December 2020
    Business & Finance, Business developments & projects

    Offshore drilling contractor Borr Drilling has named a new chief financial officer (CFO), with effect from 28 December 2020.

  • 18 December 2020
    Environment, Innovation, Technology, Transition, Vessels

    Echandia Marine, a Sweden-based zero-emission energy technology provider, has signed an agreement with Siemens to provide E-LTO battery systems for 23 modern electric ferries for the South Indian city of Kochi’s public transport. The project comprises a total of 78 zero-emission vessels, which is the world’s largest fleet of electric ferries. The initial 23 ferries, […]

  • 15 December 2020
    Environment, Equipment, Innovation, Rules & Regulation, Transition, Vessels

    Finnish auxiliary wind propulsion systems’ provider Norsepower Oy Ltd. has won its first newbuild order for the installation of a record five tilting Rotor Sails on board a large bulk carrier.  The agreement heralds the first installation of Norsepower’s innovative Rotor Sails on a bulk carrier. The owner of the newbuild prefers to stay anonymous at […]

  • 27 November 2020
    Certification & Classification, Collaboration, Environment, Innovation, Research & Development, Transition, Vessels

    Lloyd’s Register (LR) has signed a joint development project with the Flettner Rotor developer Anemoi and Shanghai Merchant Ship Design and Research Institute (SDARI) to develop a series of energy-efficient vessel designs equipped with rotor sails. Rotor sails, also referred to as ‘Flettner rotors’, are comprised of vertical cylinders which, when driven to rotate, harness […]

  • 24 November 2020
    Business & Finance, Business developments & projects, Exploration & Production

    EnQuest expects its production for the year to be below its guidance range due to an incident and a resulting unplanned outage in Malaysia.

  • 30 October 2020
    Collaboration, Environment, Equipment, Innovation, Transition, Vessels

    The technology group Wärtsilä has signed a Memorandum of Understanding (MoU) with UK-based Anemoi Marine Technologies for the future sales and servicing of rotor sail solutions to the shipping industry. Rotor sails, also referred to as ‘flettner rotors’, are comprised of vertical cylinders which, when driven to rotate, harness the renewable power of the wind […]

  • 29 October 2020
    Business & Finance

    France’s Ideol has signed a formal collaboration agreement with the Swedish Bygging Uddemann (BYUM) for the delivery of its concrete floaters for offshore wind. Under the deal, BYUM will provide its know-how in serial production of concrete structures to fabricate the floating offshore wind platforms based on Ideol’s design. The parties said they are committed […]

  • 10 September 2020
    Business & Finance

    Vattenfall has appointed Anna Borg as its new CEO and President, succeeding Magnus Hall. Borg, who has been Vattenfall’s CFO since 2017, will take over her new role on 1 November. The appointment comes as Magnus Hall revealed in July that he had decided to leave the company after six years as CEO. The recruitment […]

  • 21 July 2020
    Business & Finance

    Vattenfall’s results for the second quarter of the year show a decrease in net sales and underlying operating profit of its wind business, compered to the same period in 2019. The company posted the Q2 results on 21 July, stating that the decrease is due to lower wind speeds, lower electricity prices and lower availability, […]

  • 14 July 2020
    IT & Software, Research & Development, Technology

    Carnegie has commenced its planned wave tank testing campaign at the Cantabria Coastal and Ocean Basin in Spain. The trials will generate physical wave data aimed to validate Carnegie’s machine learning based Wave Predictor. Carnegie previously announced the development of a machine learning based Wave Predictor capable of predicting the characteristics of waves that will […]

  • 1 July 2020
    Equipment, Innovation, Research & Development, Technology, Vessels

    Wind-assisted ship propulsion has immense potential for achieving fuel savings and cutting emissions. Even though it is not believed to be THE solution for full decarbonization of the industry and getting to net-zero, it has emerged as an intermediary step which, when combined with other available solutions like air bubbles, anti-fouling, and different software solutions […]

  • 30 June 2020
    Business & Finance, Business developments & projects, Equipment, Heavy lifting, Project & Tenders

    Kvaerner has been awarded by Allseas a contract to dismantle and recycle three large topsides, three jackets, and four bridges from Aker BP’s Valhall and Hod fields located offshore Norway.