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Business Developments & Projects

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Business Developments & Projects

WE Tech nets contract for Shell-chartered LNG carriers

Finland’s WE Tech Solutions has won a contract to supply equipment to eighth liquefied natural gas carriers that will go on charter to LNG giant Shell. WE Tech says it will start supplying its equipment in February 2021. The delivery package includes two sets of direct drive permanent magnet shaft g

about 6 years ago
Norwegian Minister of Petroleum and Energy Tina Bru and Prime Minister Erna Solberg.
Business Developments & Projects

Norwegian government gives boost to offshore wind

Norwegian government has earmarked NOK 25 million (approx. EUR 2.3 million) for a project in the offshore wind industry and establishment of a research center for renewable energy. NOK 15 million (approx. EUR 1.4 million) have been proposed for the new renewable energy research center, which will fo

about 6 years ago
Gjøa; Source: NPD
Business Developments & Projects

Go-ahead for Neptune to use Deepsea Yantai rig for Gjøa production drilling

Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has given its consent to Neptune Energy for production drilling on the Gjøa field using the Deepsea Yantai semi-submersible drilling rig.

about 6 years ago
A wind turbine technician on top of an offshore wind turbine
Business Developments & Projects

New crew transfer solutions emerge as social distancing affects offshore wind O&M

A reduced number of technicians currently being transferred to offshore wind farms has led the crew transfer industry, as well as some developers, to start coming up with solutions to mitigate the effects of social distancing measures on energy production. Operations and maintenance (O&M) works have

about 6 years ago
Hammerfest LNG
Business Developments & Projects

Equinor to restart Hammerfest LNG plant on June 18

Norwegian energy giant Equinor plans to bring back online its Hammerfest liquefied natural gas export plant on June 18 following planned maintenance. The LNG operator said earlier this month it would close the export facility for scheduled maintenance for two weeks starting on May 15. However, the c

about 6 years ago
Siem Garnet by Alan Jamieson
Business Developments & Projects

Siem Offshore gets breathing room after standstill deal with lenders

Siem Offshore has found a way to improve its cash flow and liquidity to be able to operate in a challenging offshore market.

about 6 years ago
First wind turbine standing installed at Borssele III & IV site
Business Developments & Projects

First Borssele III & IV wind turbine installed

The first of 77 MHI Vestas 9.5 MW wind turbines is now standing tall at its designated location at the Borssele III & IV offshore wind site in the Dutch part of the North Sea. The load-out of the first batch of wind turbine components onto Van Oord’s installation vessel Aeolus started on 24 May. The

about 6 years ago
Hoegh LNG vessels
Business Developments & Projects

Hoegh LNG logs quarterly net loss

Norway-based Hoegh LNG recorded a net loss in the first quarter saying it had a limited impact on its operations from the Covid-19 coronavirus pandemic. Höegh LNG posted a net loss of $1 million for the first quarter this year, compared to a profit of 4.5 million in the same quarter a year ago and [

about 6 years ago
Gjøa; Source: Neptune
Business Developments & Projects

Neptune pushes back several project start-up dates despite ‘strong quarter’

Despite the challenges of COVID-19 and weaker commodity prices, Neptune had a strong first quarter but still decided to push back several project start dates to smoothen investments through 2020-2022.

about 6 years ago
Maersk Venturer drillship
Business Developments & Projects

Continued scrapping of rigs needed to balance demand and supply, Maersk Drilling says

Maersk Drilling believes that continued rig scrapping is needed to obtain a healthier balance between rig demand and supply.

about 6 years ago
Island Innovator
Business Developments & Projects

OMV ready to drill Norwegian Sea well after getting green light from regulators

OMV is ready to drill an appraisal well in the Norwegian Sea following an offshore safety approval for the use of a rig and the receipt of a drilling permit from Norwegian authorities.

about 6 years ago
Petrojarl Banff; Source: Teekay
Business Developments & Projects

UK approves plan for removal of floaters from North Sea fields

UK authorities have approved the plan for the removal of the Petrojarl Banff FPSO and Apollo Spirit FSO from Canadian Natural Resources’ Banff and Kyle fields in the UK sector of the Central North Sea.

about 6 years ago
Drill bit during drilling operations on one of Hurricane's wells
Business Developments & Projects

Hurricane granted more time for UK well work

Hurricane Energy’s request to extend the deadline for activities planned on the Lincoln license off the UK has been approved by UK authorities.

about 6 years ago
Bilfinger expanding Alternoil's LNG network
Business Developments & Projects

Bilfinger expanding Alternoil’s LNG network

Bilfinger and Greeen Solutions have signed a framework agreement covering engineering, assembly and services for LNG filling stations in Germany.

about 6 years ago
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