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EnQuest to Buy Centrica’s Greater Kittiwake Assets

23 October 2013

Business & Finance

EnQuest PLC will acquire the UKCS Greater Kittiwake area (‘GKA’) assets currently owned by Centrica North Sea Oil Limited , as well as Centrica’s 100% interest in the Kittiwake to Forties oil export pipeline. EnQuest will pay a base consideration of US $39.9 million and will additionally assume net debt of US $5.1 million, which […]

UK: STATS Group Appoints Graham Thomson as General Manager

21 November 2011

Business & Finance, Operations & Maintenance

STATS Group has strengthened its management team with the appointment of former Sparrows Offshore executive Graham Thomson as general manager. Aberdeen-based STATS, which specialises in pipeline integrity and intervention, said the creation of the new post will allow the board of directors to focus on international development and improve operational activities. The company expects […]

Nido Petroleum Completes Seismic Programs Offshore Philippines

15 December 2011

Business & Finance

Nido Petroleum Philippines Pty Limited, as Operator of Service Contract 54A and Service Contract 54B announce the successful completion of the combined SC 54A Lawaan/Libas and SC 54B Pawikan 2D seismic surveys on 10 December 2011 . Nido’s partners in SC 54A are Yilgarn Petroleum Philippines Pty Ltd (a wholly owned subsidiary of Kairiki Energy […]

Lloyd’s Register: Gas Technology Report

17 April 2013

Business & Finance

Adoption of, and interest in, LNG-as-fuel for ships is gathering pace but challenge is as much in safe bunkering and port operations as in ship design: LNG bunkering guidance is one of the key subjects addressed in LR’s latest Gas Technology Report. The growth in gas production is important for shipping and LR’s gas technology […]

Amogy reaches new milestone in certifying ammonia-to-power system

9 February 2024

Business Developments & Projects, Certification & Classification, Green Marine, Regulation & Policy, Research & Development, Technology

U.S.-based ammonia power solutions company Amogy has been awarded a feasibility statement by Lloyd’s Register (LR) as the official approval of its technology qualification plan (TQP), marking a new milestone in certifying Amogy’s technology is viable for maritime applications. Amogy’s technology qualification plan outlines the full set of component testing that the company intends to […]

Molslinjen to test flywheel technology onboard its ferries

15 November 2022

Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Innovation, Outlook & Strategy, Technology, Transition, Vessels

Danish ferry operator Molslinjen has entered into a strategic technology and investment deal with compatriot energy storage firm WattsUp Power A/S. The company produces so-called flywheels, which in theory can enable a fast ferry to run entirely on green energy. A flywheel is essentially a mechanical battery that stores kinetic energy in a rotating mass. Advanced […]

DW: New oil & gas opportunities to emerge in Brazil despite challenges?

4 July 2016

Laden by corruption scandals and falling oil prices, Petrobras is struggling to repay $130 billion (bn) worth of debt – nearly $24bn will mature by 2017, Douglas-Westwood said in its DW Monday report. Efforts to sell non-core assets (pipelines, powerplants, bonds etc.) have been slow going and any attempt to divest upstream operations impeded by red […]

IRENA: Renewables Investment Must Double by 2020

5 July 2016

Business & Finance

To meet global climate and sustainable development goals, investment in renewable energy must double by 2020 and more than triple by 2030, according to IRENA’s new report Unlocking Renewable Energy Investment: the role of risk mitigation and structured finance, which finds that reaching this level of investment is entirely possible. It will require policymakers and public […]

IRENA: Renewables Investment Must Double by 2020

5 July 2016

Business & Finance

To meet global climate and sustainable development goals, investment in renewable energy must double by 2020 and more than triple by 2030, according to IRENA’s new report Unlocking Renewable Energy Investment: the role of risk mitigation and structured finance, which finds that reaching this level of investment is entirely possible. It will require policymakers and public […]

UK: OGA releases new data set ahead of 30th offshore licensing round

19 July 2017

UK’s offshore regulator, the Oil & Gas Authority (OGA), has made another set of data packages openly available in an effort to help revitalize exploration of oil and gas in the UK Continental Shelf (UKCS). This latest data release follows the publication of a suite of subsurface data packages in June related to undeveloped discoveries. […]

Petronas Floats Out First PFLNG Hull in South Korea

8 April 2014

Business & Finance

PETRONAS has launched the hull of its first floating liquefied natural gas (PFLNG 1) facility at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea. The facility, scheduled to be completed in Quarter 4 of 2015, will be the world’s first floating LNG facility in operation. The launch, which took place on […]

Maersk Tankers ready to enter market for CO2 transportation

13 March 2009

Maersk Tankers, owned by the Danish conglomerate A.P. Moller – Maersk Group, is prepared to enter into the CO2 transportation market to help promote Carbon Capture and Storage (CCS), one of the technologies identified as key to mitigate the effects of climate change. “With this initiative we want to show industrial leadership by demonstrating we […]

OSI Maritime to Design Integrated Bridge and Navigation Subsystem for Canadian Navy

20 February 2014

Business & Finance

OSI Maritime Systems Ltd. (OSI) revealed that it has been selected by Lockheed Martin Canada to support the design activity of the bridge and navigation capabilities for the Royal Canadian Navy’s (RCN) new class of Arctic/Offshore Patrol Ships (AOPS). Lockheed Martin Canada is one of AOPS Prime Contractor Irving Shipbuilding’s Tier 1 suppliers for the […]

ESPO Voices Concerns about Juncker Plan

3 February 2015

The European Sea Ports Organisation (ESPO) has voiced concerns about the impact of the new European Fund for Strategic Investment (EFSI) that is being set up following a recent initiative by European Commission President Jean-Claude Juncker. The Juncker Plan aims to leverage investments in the magnitude of €315bn by covering part of the risk of projects. […]

UK gets ready for second CfD allocation round

14 March 2017

Authorities & Government, Business & Finance, Research & Development, Technology

The UK government has published a series of documents clarifying the rules for the upcoming second contracts for difference (CfD) allocation round.

Carnegie secures $3.7M for microgrid project

21 October 2016

Business & Finance, Research & Development, Technology

Carnegie Wave Energy has signed a Au$3.7 million debt financing agreement to support the Garden Island solar, battery and wave integrated microgrid project.

Faroe Secures New Licensing Options in Celtic Sea (Ireland)

6 October 2014

Business & Finance, Research & Development

Faroe Petroleum announces the award of three new Licensing Options (LO 14/1, 14/2 and 14/3) by the Minister for Communications, Energy and Natural Resources in the Celtic Sea, Republic of Ireland. The two-year Licensing Options are located on the southern margin of the North Celtic Sea basin, in relatively shallow water depths of between 80 and […]

Safe Bulkers inks its 1st sustainability-linked loan

4 October 2021

Business & Finance, Business Developments & Projects, Environment, Infrastructure, Regulation & Policy, Vessels

Monaco-based bulker owner Safe Bulkers has unveiled its first sustainability-linked credit facility that incorporates an incentive discount on interest rate, linked to independently verified pre-determined emission targets.

Total sells stakes in Gabon assets to Perenco

27 February 2017

Business & Finance

French oil company Total has signed an agreement for the sale of stakes and the transfer of operatorship in various mature assets in Gabon to Perenco. According to Total’s statement on Monday, this agreement includes the sale of the group’s 100%-owned affiliate Total Participations Petrolières Gabon, which holds interests in 10 fields. In addition, Total […]

Wood Group posts 60 pct drop in profit. Remains cautious for near term outlook

21 February 2017

Business & Finance

Oilfield services giant Wood Group remains cautious on the near-term outlook for the oil and gas market despite some signs of recovery. The company on Tuesday posted a profit of $34.4 million for 2016, a 62 percent drop from a profit of $90 million in 2015. Revenue fell 15.7 percent to $4.9 billion, down from […]

AGR Names New Head of Petroleum Services (Norway)

4 September 2012

Business & Finance

AGR Group appoints Åge Landro as EVP of its global Petroleum Services division as it refocuses its growth strategy on key divisions. Åge Landro returns to AGR after a brief break. He has been with the company for seven years, during which he successfully grew the Field Operations Division into a dynamic and innovative global […]

DNV Submarine Pipeline Systems Standard (Norway)

29 August 2012

Business & Finance

A new revision of the DNV Offshore Standard for Submarine Pipeline Systems, DNV-OS-F101, is now available providing significant improvements based on solid feedback from the industry. Close to 1,000 comments were received during the consultation process. The trigger for the revision has been to align the standard with the new ISO 3183 on linepipe and […]