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Business Developments & Projects

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Claudio Descalzi; Source: Eni
Business Developments & Projects

Descalzi gets third term as Eni chief executive officer

Italian oil major Eni has chosen Claudio Descalzi to be its chief executive officer (CEO) for the third time. The company has also named its new chairwoman and members of board committees.

about 6 years ago
Pipeshield
Business Developments & Projects

Pipeshield sets up supply base at Mukran Port

Pipeshield has strengthened its Baltic Sea operations by establishing a supply base at Mukran Port on the Island of Rügen. The decision follows delivery of several projects from Mukran Port over the last 18 months. Tekmar’s subsea asset protection specialist will utilise the ports transport connecti

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about 6 years ago
LNG carrier SCF Mitre
Business Developments & Projects

Sovcomflot’s quarterly profit surges

Russia’s largest shipping company Sovcomflot logged an almost 66 per cent rise in quarterly net profit on the back of a strong performance of its conventional fleet. Sovcomflot reported a net profit of $116.1 million in the first quarter this year compared to $70.1 million a year ago. Revenue increa

about 6 years ago
Hydrogen pipes; Source: DNV GL
Business Developments & Projects

Hydrogen on oil and gas industry’s decarbonisation horizon

Hydrogen has surged up the priority list of many oil and gas organizations, taking a primary position in the sector’s decarbonization efforts, according to a new report by DNV GL.

about 6 years ago
MEW Conference
Business Developments & Projects

MEW Conference scheduled for January 2021

The Marine Energy Wales Conference has a new scheduled date for January 2021 in North Wales. The annual event will now take place in Venue Cymru, Llandudno over two days: 27 -28 January 2021. The largest marine energy event in the UK will showcase Welsh industry in the wave, tidal and floating offsh

about 6 years ago
Port-of-Esbjerg-Getting-DKK-1-Billion-Investment
Business Developments & Projects

Port of Esbjerg getting €134 million investment for offshore wind facilities

Nordic infrastructure fund Infranode is preparing an investment of up to kr. 1 billion (circa €134 million) for new infrastructure facilities at the Danish port of Esbjerg which will be used for the offshore wind industry. The investment will go into port facilities for storage, preassembly and manu

about 6 years ago
Onshore-Works-Restart-on-Moray-East-After-Coronavirus-Pause
Business Developments & Projects

Onshore works restart on Moray East offshore wind project after coronavirus pause

Work has commenced on the onshore sites of the Moray East offshore wind project in Scotland after a break due to the coronavirus crisis. At the end of March, Moray Offshore Windfarm (East) Ltd announced the demobilization of work at the project’s onshore sites, including the new underground cable an

about 6 years ago
Safe Zephyrus
Business Developments & Projects

Prosafe contract hangs in the balance as Shell delays Shearwater work

The future of Prosafe’s contract for the Safe Zephyrus flotel with Shell is uncertain following Shell’s decision not to perform its previously planned work at the Shearwater field this year.

about 6 years ago
Baltic Exchange flag
Business Developments & Projects

Baltic Exchange launches LNG, LPG ship expenses assessment

The London-based Baltic Exchange has launched a tool to provide quarterly assessments on the cost of operating liquefied natural gas and liquefied petroleum gas tankers. The Baltic Exchange said in a statement that data will be provided by independent third-party ship management companies. These com

about 6 years ago
Two LNG carriers at the Yamal plant
Business Developments & Projects

Yamal LNG to shut two trains for maintenance

The Novatek-operated Yamal LNG export project in the Russian Arctic will close two production units as of next week as part of planned maintenance. Yamal LNG said in a statement on Wednesday it will shut the second and third LNG train for 12 days each from 21 May to 15 June 2020. In addition to [&he

about 6 years ago
Nigeria LNG plant
Business Developments & Projects

Saipem-led JV nabs $4 billion Nigeria LNG Train 7 contract

A joint venture led by Italy’s Saipem has secured a $4 billion engineering, procurement and construction contract for Nigeria LNG’s seventh production unit at its Bonny Island plant. Saipem has a 60 per cent stake in the venture that includes South Korea’s Daewoo E&C and Chiyoda of Japan. This award

about 6 years ago
Odfjell Deepsea Nordkapp; Source: Odfjell
Business Developments & Projects

Odfjell Drilling profit up despite oil price turmoil and COVID-19

Due to the limited impacted of the COVID-19 outbreak during the first quarter of 2020, offshore drilling contractor Odfjell Drilling was able to post a higher profit than in the first quarter of 2019.

about 6 years ago
Norway
Business Developments & Projects

Norway to double funds for seabed minerals exploration

The Norwegian Government has proposed to increase funding for mapping of seabed minerals and knowledge building. In its revised National Budget for 2020, Norway is looking to boost its previous funding from 70 to close to 140 million Norwegian kroner. Tina Bru, Norwegian Minister of Petroleum and En

about 6 years ago
Source: Premier
Business Developments & Projects

Yard lockdown pushes back Premier Oil’s project start-up

Oil and gas company Premier Oil has pushed back the forecast of first gas for the Tolmount project, located in the Southern North Sea.

about 6 years ago