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Business Developments & Projects

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The Siem Barracuda vessel at sea
Business Developments & Projects

Cable works at Moray East OWF in full swing

Inter-array cable testing and termination will start at the Moray East offshore wind farm around 11 November, with the first of the two campaigns for this work scheduled to commence then. The testing and termination works will be carried out from the wind turbines and offshore substation platforms a

about 6 years ago
Fatih drillship; Source: Fatih Dönmez Twitter account Turkey
Business Developments & Projects

Turkey starts drilling second well in Black Sea

Turkey has begun drilling a second borehole on the Sakarya natural gas field in the Black Sea where it made its largest-ever discovery earlier this year with the Tuna-1 (Danube-1) well.

about 6 years ago
A photo of Clyde Hutchinson, the mentor selected for the GKinetic team as part of BlueInvest Readiness Assistance Programme (Courtesy of GKinetic Energy)
Business Developments & Projects

BlueInvest boosts GKinetic’s investor readiness

Ireland-based provider of hydrokinetic solutions GKinetic Energy has been selected to receive support from Europe’s BlueInvest Readiness Assistance Programme.

about 6 years ago
DESFA grabs stake in Alexandroupolis FSRU project
Business Developments & Projects

DESFA grabs stake in Alexandroupolis FSRU project

Greek gas grid operator DESFA has firmed up the agreement to acquire a 20 per cent stake in Gastrade, the company behind the Alexandroupolis FSRU project.

about 6 years ago
Vole au vent installation vessel installing a wind turbine at sea
Business Developments & Projects

North East England’s offshore wind supply chain holds 4,500 new jobs

In the next five years, the offshore wind supply chain could create 4,500 new jobs in the North East England, with the turnover of the UK region’s supply chain companies to more than double in their offshore wind activities over the same period. This is according to the Supply Chain Mapping 2020 res

about 6 years ago
Shell
Business Developments & Projects

Shell gets extra time to process data for North Sea gas prospect

Oil major Shell has reaffirmed its commitment to drill an exploration well on the Pensacola gas prospect in the UK North Sea.

about 6 years ago
Shearwater vessel for CGG seismic survey off Brazil
Business Developments & Projects

CGG and Shearwater put off streamer tech joint venture

CGG and Shearwater have agreed to suspend negotiations around creating a marine streamer equipment JV until visibility in the streamer replacement cycle improves. The companies said that decision comes due to the downturn in the oil and gas industry, triggered by the Covid-19 pandemic. Both parties

about 6 years ago
Maersk Resilient jack-up rig
Business Developments & Projects

Maersk Drilling wins new job in Dutch North Sea but loses another one in UK

Maersk Drilling has secured a contract from Petrogas in the Dutch North Sea for the harsh environment jack-up rig Maersk Resilient but it has also received a cancellation for a UK North Sea job.

about 6 years ago
Safe Caledonia; Source: Prosafe
Business Developments & Projects

Prosafe cuts losses despite lower revenues hit by Covid-19 and oil price crash

Prosafe has managed to reduce its quarterly loss despite lower revenues due to lower fleet utilisation and average day rates.

about 6 years ago
Viking Princess vessel hired by Wintershall Dea - Eidesvik
Business Developments & Projects

Wintershall Dea targets 30 pct reduction in CO2 emissions with new supply vessel

Wintershall Dea will reduce annual emissions on supply vessel services to the Brage platform by up to 30% when the Viking Princess vessel goes on contract.

about 6 years ago
A wind turbine nacelle at Siemens Gamesa's Cuxhaven nacelle factory
Business Developments & Projects

Siemens Gamesa produces 500th offshore wind turbine nacelle in Cuxhaven

Siemens Gamesa has produced the 500th nacelle for an offshore wind turbine at its manufacturing plant in Cuxhaven, Germany. The milestone was reached with a nacelle for the Hornsea Two offshore wind farm in the UK. The offshore nacelle manufacturing plant in Cuxhaven was opened in 2017 and regular o

about 6 years ago
Illustration; Source: BP
Business Developments & Projects

BP to sell London headquarters for $324 million

Oil major BP is reportedly close to selling its global headquarters in central London for around $324,4 million under an accelerated schedule for the overhaul of the company.

about 6 years ago
German LNG Terminal secures tariff exemption
Business Developments & Projects

German LNG Terminal secures tariff exemption

German LNG Terminal said it has made another step towards reaching a final investment decision.

about 6 years ago
Boxship
Business Developments & Projects

MSC buys six German boxships

Swiss container shipping giant Mediterranean Shipping Company (MSC) has dived into the secondhand market, acquiring six Post-Panamax units.

about 6 years ago
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