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Business Developments & Projects

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Illustration; Source: BP
Business Developments & Projects

BP invests in Satelytics as part of methane reduction strategy

Oil major BP has invested $5 million in Satelytics, a geospatial analytics software company that uses advanced spectral imagery and machine learning to monitor environmental changes, including methane emissions.

about 6 years ago
Lithuania selects where 700 MW offshore wind farm will be built
Business Developments & Projects

Lithuania selects where 700 MW offshore wind farm will be built

The Government of Lithuania has settled on the position of the country’s first offshore wind farm, with the capacity of up to 700 MW, in the Baltic Sea. The government has decided that the wind farm will be built and commissioned by 2030 at the site previously proposed and considered in the draft Go

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about 6 years ago
Nordic Winter rig
Business Developments & Projects

Keppel starts arbitration to resolve rig dispute with Awilco

Keppel has started an arbitration process to resolve a dispute with Awilco Drilling related to a termination of a rig construction contract.

about 6 years ago
LOC Johan Sverdrup field; Source: Equinor
Business Developments & Projects

LOC scores Johan Sverdrup job with Equinor

International marine and engineering consulting firm LOC Group has been awarded a new scope of work with Norwegian oil major Equinor.

about 6 years ago
TechnipFMC lands $187 million worth of new jobs with Equinor
Business Developments & Projects

TechnipFMC lands $187 million worth of new jobs with Equinor

Equinor has awarded two contracts and issued a letter of intent to TechnipFMC for pipelaying and subsea installation for three projects in Norway.

about 6 years ago
Prelude FLNG
Business Developments & Projects

Corrected: Shell doesn’t expect Prelude FLNG restart before Q3

LNG giant Shell is not expecting to restart production at its Prelude FLNG facility offshore Western Australia before July. Shell hasn’t exported any cargoes from the FLNG for almost five months following an electrical trip on February 2. “Start-up timing will depend on Covid-19 constraints and comp

about 6 years ago
Swansea tidal project
Business Developments & Projects

Swansea tidal project seeks PM backing

Swansea Bay Tidal Lagoon developers have called on the Prime Minister Boris Johnson to step in and overrule Whitehall officials who are preventing work starting on site. The Department of Business, Energy and Industrial Strategy (BEIS), has so far refused to sign off a decommissioning plan. Swansea

about 6 years ago
Neptune's Gjøa platform
Business Developments & Projects

Neptune Energy to axe 400 jobs over Covid-19 and lower oil prices

Neptune Energy has decided to reshape the size of its global organisation due to the combined impact of the COVID-19 pandemic and the anticipation of lower commodity prices for a longer period of time.

about 6 years ago
Vladimir Filanovsky field; Source: Lukoil
Business Developments & Projects

Lukoil begins drilling several Caspian Sea prospects

Russian oil and gas company Lukoil has started drilling of an exploration well at the Shirotno-Rakushechnaya prospect, located to the north of the V.I. Grayfer field in the Caspian Sea.

about 6 years ago
Heerema’s Sleipnir vessel getting busy after landing new installation job
Business Developments & Projects

Heerema’s Sleipnir vessel getting busy after landing new installation job

Heerema Marine Contractors has been awarded a contract by HSM Offshore for the transportation and installation of Dana Petroleum’s P11-Unity platform.

about 6 years ago
GasLog rakes in $35 million in share sale
Business Developments & Projects

GasLog rakes in $35 million in share sale

GasLog has sold 14,400,000 common shares for total gross proceeds of $36.0 million through a private placement shares.

about 6 years ago
Simec AtlantisNormandie Hydroliennes
Business Developments & Projects

Simec Atlantis lands 12MW tidal power lease in France

The Prefecture de la Manche has approved the transfer of the lease to develop a 12MW tidal power project in Raz Blanchard from Engie to Normandie Hydroliennes. Normandie Hydroliennes – the marine energy development company set up between Simec Atlantis and its partners. They include the Development

about 6 years ago
Floating-Wind-Wave-Hybrid-Granted-Access-to-PLOCAN-Test-Site
Business Developments & Projects

Floating wind-wave hybrid granted access to PLOCAN test site

Floating Power Plant (FPP) has secured the formal approval to access the PLOCAN test facility in Gran Canaria with its hybrid floating wind and wave energy device. The company intends to deploy a commercial-scale version of its P80 wind-wave energy platform at PLOCAN. According to FPP, this approval

about 6 years ago
Pioneering Spirit moving in around the Alpha platform
Business Developments & Projects

GALLERY: Giant Pioneering Spirit vessel removes another Brent platform for Shell

Allseas’ heavy lift vessel Pioneering Spirit has completed its first decommissioning job of this summer, the single-lift removal of Shell’s Brent Alpha platform from the North Sea.

about 6 years ago