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Business Developments & Projects

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A yellow Moray East jacket foundation installed earlier
Business Developments & Projects

28 jackets to go at Moray East

Seajacks Scylla has 28 jacket foundations to install at the Moray East offshore wind farm, before it wraps up one of the biggest offshore construction works on the project. Only this month (November 2020), the vessel has put in place 18 jackets, so the foundation installation is expected to be compl

about 6 years ago
A close-up of a Dogger Bank Wind Farm jacket with project and developers' logos
Business Developments & Projects

Shell, Ørsted buy Dogger Bank A & B electricity

Dogger Bank Wind Farm developers, SSE Renewables and Equinor, have signed four agreements for power offtake for the entire output of the first two phases of the world’s largest offshore wind farm, Dogger Bank A and B. Ørsted and Shell Energy Europe have inked 15-year Power Purchase Agreements (PPAs)

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about 6 years ago
SeaBird logo
Business Developments & Projects

SeaBird joins deep sea minerals hunt

Seismic player SeaBird said it will list its wholly-owned subsidiary Green Minerals on Euronext Growth Oslo. According to the prospectus, the listing should take place during the first quarter of next year. The move is part of a funding plan to raise minimum NOK 30 million from the issuance of new o

about 6 years ago
LNG Croatia off to Spain to load commissioning cargo
Business Developments & Projects

LNG Croatia off to Spain to load commissioning cargo

Croatia’s first floating storage and regasification unit LNG Croatia departed the Viktor Lenac shipyard in Rijeka to load its commissioning cargo.

about 6 years ago
Valhall field - Aker BP/Archer
Business Developments & Projects

Archer nets five-year deal for services on Aker BP platforms

Archer has secured a five-year contract from Aker BP for the provision of platform drilling operations and maintenance services in the North Sea.

about 6 years ago
NKT signs major export cable preferred supplier agreement
Business Developments & Projects

NKT signs major export cable preferred supplier agreement

NKT has entered into a Preferred Supplier Agreement (PSA) as the main contractor to deliver and install export cable systems on an unnamed European offshore wind farm. Under the contract, NKT will deliver and install high-voltage DC on- and offshore export cable systems for the project. The potentia

about 6 years ago
Equinor's Grane field
Business Developments & Projects

Rystad: E&P investments to reach $380B in 2021 but 20 pct at risk of deferral

Investments from global E&P in 2021 are projected to reach around $380 billion, almost flat year-on-year, a Rystad Energy report shows.

about 6 years ago
Artist's impression of the Climate Power Plant Zeeland in the Grevelingendam (Courtesy of Pentair Nijhuis/with the permission from BT Projects)
Business Developments & Projects

International consortium unveils plans for Grevelingendam tidal plant

A new consortium of international companies has been established under the name of Climate Power Plant Zeeland with the aim of building and operating a tidal power plant in the Dutch province of Zeeland.

about 6 years ago
Celtic Interconnector illustration
Business Developments & Projects

EirGrid picks converter station site for Celtic Interconnector

Irish TSO EirGrid has selected a site at Ballyadam near Carrigtwohill in East Cork on which to build a converter station for the Celtic Interconnector. The converter station is one of the key components in the €1-billion electricity project. EirGrid picked the site from a shortlist of three followin

about 6 years ago
West Linus rig - Seadrill
Business Developments & Projects

Creditors allow Seadrill suspension of pay under leases for three rigs

Seadrill has agreed on the suspension of payments with creditors related to leasing arrangements for three drilling rigs while trying to restructure debt.

about 6 years ago
Photo of OPT's PowerBuoy (Courtesy of OPT)
Business Developments & Projects

OPT appoints Southern Europe representative

Ocean Power Technologies (OPT) has expanded its commercial team with the appointment of Jorge Franco as regional sales representative based in Spain.

about 6 years ago
Awilco LNG amends financial agreements for its tanker pair
Business Developments & Projects

Awilco LNG amends financial agreements for its tanker pair

Norwegian LNG transportation provider Awilco LNG has agreed to an amendment to the financial covenants in the sale/leaseback facilities for the WilForce and the WilPride.

about 6 years ago
Equinor's Gina Krog field off Norway
Business Developments & Projects

Norway: October oil output hit by strike action

Norwegian oil production in October 2020 was below forecast by the NPD due to effects of strike action as well as maintenance operations on some fields.

about 6 years ago
A photo showing NoviOcean prototype unit (NO1) (Courtesy of Novige)
Business Developments & Projects

Novige lands Vinnova grant for NoviOcean wave energy device

Swedish developer Novige has secured funding from Sweden’s innovation agency Vinnova for the development of its NoviOcean wave energy prototype.

about 6 years ago