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Cairn is selling its interest in the Catcher field

Business Developments & Projects

Cairn sells stakes in two UK fields, buys Shell assets in Egypt

Cairn Energy has made two deals, one for the sale of its interests in two UK fields and the other for the purchase of Shell’s assets in Egypt.

about 5 years ago

Stena MidMAX semi-submersible rig design

Business Developments & Projects

Samsung to pay $411 million to Stena Drilling after losing rig dispute

Samsung Heavy will have to pay $411 million to rig owner Stena Drilling after losing a dispute related to the termination of a rig construction contract.

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about 5 years ago

Business Developments & Projects

DNV grants AiP to HMD for eco-friendly intra-Europe feeder ship

Norway-based classification society DNV (formerly DNV GL) has granted approval in principle (AiP) to South Korean shipbuilder Hyundai Mipo Dockyard (HMD) for a new design of intra-Europe 1,900 TEU feeder container ships.

about 5 years ago

Business Developments & Projects

Chrysaor renews North Sea contract for Stork

Stork, a Fluor company, has been awarded a two-year contract extension by Chrysaor to deliver offshore integrated specialist asset integrity services in the UK. The company said on Monday it would continue to deliver an inclusive range of asset management solutions and capabilities to extend the off

about 5 years ago

Business Developments & Projects

NEO Energy pushes for further growth with fresh North Sea deal worth $625 million

NEO Energy has made a deal to acquire Zennor Petroleum for about $625 million, less than two weeks after announcing a deal with ExxonMobil.

about 5 years ago

Business Developments & Projects

Cyprus, Israel and Greece ink EuroAsia Interconnector MoU

Cyprus, Israel and Greece on Monday signed a memorandum of understanding on cooperation in relation to the EuroAsia Interconnector project. The EuroAsia Interconnector is a multi-terminal VSC-HVDC scheme which will connect Israel, Cyprus and Greece (Crete), and will comprise converter stations with

about 5 years ago

Photo of QED Naval’s Subhub platform (Courtesy of QED Naval)

Business Developments & Projects

Crowdfunding brings in over £1M for QED Naval

Scottish marine energy specialist QED Naval has secured over £1 million in a crowdfunding campaign on Seedrs platform.

about 5 years ago

Edvard Grieg; Source: Lundin Solveig Ancala

Business Developments & Projects

Ancala to process gas from Lundin’s Solveig, Rolvsnes field

The operator of midstream oil and gas infrastructure assets in the North Sea Ancala Midstream has secured a life-of-field contract to transport and process gas from Lundin Energy’s Solveig field.

about 5 years ago

Maersk Resolve jack-up rig - Maersk Drilling

Business Developments & Projects

Erria to handle marine warranty surveys for Maersk Drilling’s rigs

Danish maritime services provider Erria and Maersk Drilling have entered into a three-year agreement related to marine warranty surveys for Maersk’s rigs.

about 5 years ago

Business Developments & Projects

Stena Bulk rolls out InfinityMAX hybrid bulk carrier concept design

Swedish tanker shipping company Stena Bulk has unveiled a new concept hybrid bulk carrier design in an effort to push the shipping industry’s boundaries for zero-carbon, multimodal vessel design.

about 5 years ago

First wind turbine being installed at Moray East offshore wind farm

Business Developments & Projects

Twelve wind turbines up at Moray East OWF

Twelve Vestas (MHI Vestas) 9.5 MW wind turbines have been installed so far at the Moray East project site, located some 22 kilometres off the Aberdeenshire coast. The wind turbine installation is being carried out by Fred. Olsen Windcarrier’s Bold Tern jack-up vessel, which is picking up the compone

about 5 years ago

Business Developments & Projects

Shell, Gazprom in Europe’s first carbon-neutral LNG cargo delivery

Shell Global LNG, a unit of the Hague-based energy giant Shell, recently took delivery of the first ever carbon neutral LNG cargo in Europe from Gazprom.

about 5 years ago

Business Developments & Projects

First Subsea guards Skiathos interconnection

UK-based First Subsea has designed and delivered cable protection system for Mantoudi Skiathos Interconnection project. The Interconnection of Skiathos includes the installation of submarine and underground cables in Evia and Skiathos and the construction of a substation. In January last year, Greek

about 5 years ago

Business Developments & Projects

Turbine installation kicks off at Windpark Fryslân

The installation of Siemens Gamesa turbines has begun at the Windpark Fryslân nearshore wind farm in the Netherlands. All of the 89 Siemens Gamesa 4.3 MW turbines are expected to be installed and tested in the IJsselmeer Lake by June. According to project developer, it takes approximately one and ha

about 5 years ago