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Business Developments & Projects

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Van Oord to build Hollandse Kust (noord)
Business Developments & Projects

Van Oord to build Hollandse Kust (noord)

The CrossWind consortium of Shell and Eneco has selected Van Oord as the Balance of Plant contractor for the Hollandse Kust (noord) offshore wind project. As the Balance of Plant contractor, Van Oord’s activities encompass the engineering, procurement, construction, and installation of the foundatio

about 6 years ago
Shell CEO Ben van Beurden
Business Developments & Projects

Shell books $18 billion loss on huge impairment charges

Shell booked a loss of $18.1 billion in the second quarter of 2020 due to huge impairments as it cut its price outlook in response to the coronavirus pandemic and the oil price crisis.

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about 6 years ago
Impairments deepen Total's Q2 loss
Business Developments & Projects

Total logs profit despite COVID-19 effects

Total reported a 96 per cent drop in adjusted profit for the second quarter of 2020 due to lower prices and COVID-19 effects.

about 6 years ago
Siemens Gamesa shines offshore, struggles onshore
Business Developments & Projects

Siemens Gamesa shines offshore, struggles onshore

Wind turbine manufacturer Siemens Gamesa posted € 466 million net loss in the third quarter of FY 2020, attributed largely to the effects of the COVID-19 pandemic and challenges in the onshore segment. Between April and June, Siemens Gamesa recorded revenues of € 2.411 billion, an eight percent decl

about 6 years ago
Shell-Eneco consortium wins Hollandse Kust (noord) tender
Business Developments & Projects

Shell-Eneco consortium wins Hollandse Kust (noord) tender

The Dutch Ministry of Economic Affairs and Climate Policy has selected the CrossWind consortium between Shell and Eneco to develop and operate the Hollandse Kust (noord) offshore wind project without government subsidies. The Hollandse Kust (noord) zone consists of two sites located 18.5 kilometres

about 6 years ago
Shell's Murex LNG carrier
Business Developments & Projects

Shell’s second-quarter LNG sales drop

The Hague-based LNG giant Shell logged a 7 percent decline in its liquefied natural gas sales during the second quarter of this year as it reported a huge quarterly loss. Shell announced on Thursday a loss of $18.1 billion for the second quarter due to the effects related to the Covid-19 pandemic. T

about 6 years ago
GTT sees revenue rise as orders keep coming in
Business Developments & Projects

GTT sees revenue rise as it continues to book new orders

French LNG containment specialist GTT posted a 66.2 percent rise in revenue in the first half as it booked eighteen new orders. The company said its revenue reached 203.8 million euros ($240 million) in the January-June period. Revenue benefited from the flow of orders over the last two years, it sa

about 6 years ago
Novatek logs 40 percent plunge in quarterly profit
Business Developments & Projects

Novatek logs 40 percent plunge in quarterly profit

Russian independent LNG producer Novatek reported a 40 percent decline in its second-quarter profit due to the effects related to the Covid-19 pandemic. Net profit reached 41.6 billion roubles ($572.8 million) in the April-June period, compared to 69.1 billion roubles last year. Revenues also droppe

about 6 years ago
West Hercules
Business Developments & Projects

Equinor gains drilling permit for wildcat wells in Norwegian Sea

The Norwegian Petroleum Directorate has granted Equinor a drilling permit for wells located in the Norwegian Sea.

about 6 years ago
Nick Sharpe, Director of Communications and Strategy at Scottish Renewables
Business Developments & Projects

Scotland reaps benefits from renewables, new report shows

Industry body Scottish Renewables has released a new report analysing contribution of renewable energy to the economy of rural Scotland. The report reviews five economic studies carried out over the past three years. It shows the “remarkable an undeniable” positive effects of the sustainable develop

about 6 years ago
Ampelmann E-type
Business Developments & Projects

Ampelmann to support Ithaca’s project in North Sea

Ampelmann has secured a contract with Olympic Shipping to support topside commissioning work on Ithaca Energy’s FPF-1 offshore semi-submersible in the North Sea.

about 6 years ago
Sofia-Export-Cable-Surveys-Tick-Up
Business Developments & Projects

Export cable surveys tick up at Sofia offshore wind project

Fugro is set to deploy metocean equipment to support the planning of the export cable laying operations at the Sofia offshore wind project in August. Diving support vessel Curtis Marshall will be used for the work scheduled to begin on or around 3 August. The equipment will be deployed for a period

about 6 years ago
Offshore construction on world's largest wind farm starts next spring
Business Developments & Projects

Offshore construction on world’s largest wind farm starts next spring

Vattenfall plans to start offshore construction on the largest, and also the first subsidy-free offshore wind farm in the world, in the spring of 2021. This is when the first foundations, produced by Sif Group, will be brought from the Maasvlakte in the Port of Rotterdam and installed at the 1.5 GW

about 6 years ago
Gasum claims another LNG bunkering first
Business Developments & Projects

Gasum claims another LNG bunkering first

The Nordic energy company Gasum has conducted the first truck-to-ship liquefied natural gas (LNG) bunkering operation in Germany.

about 6 years ago