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Business Developments & Projects

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UK presents support package to protect its ferry routes
Business Developments & Projects

UK presents support package to protect its ferry routes

The United Kingdom government has introduced a multimillion-pound coronavirus support package to keep the flow of goods and services running smoothly in and out of the UK, and around the country, throughout the pandemic.

about 6 years ago
Perenco files decommissioning plan for four Amethyst topsides
Business Developments & Projects

Perenco files decommissioning plan for four Amethyst topsides

Oil and gas company Perenco has submitted its draft decommissioning programs for four Amethyst gas field topsides to the UK authorities.

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about 6 years ago
Seabed Geosolutions puts Eidesvik’s vessel on standby
Business Developments & Projects

Seabed Geosolutions puts Eidesvik’s vessel on standby

Eidesvik Offshore and Seabed Geosolutions have agreed to amend the contract for the node-handling vessel Subsea Viking, putting it on standby.

about 6 years ago
Bleo Holm FPSO
Business Developments & Projects

i3 Energy in talks with noteholders to waive condition for Liberator funding

i3 Energy is in talks with its noteholders to waive its previously agreed condition, requiring it to enter into a lending facility or find alternative means to fund its Liberator development by the end of April.

about 6 years ago
Maersk Resolve drilling rig
Business Developments & Projects

Maersk Drilling to reduce offshore crew as North Sea rigs go into stack mode

Maersk Drilling has decided to stack a number of its North Sea drilling rigs to adapt to the changing market environment.

about 6 years ago
‘Founding father’ of Soviet oil industry and Lukoil chairman passes away
Business Developments & Projects

‘Founding father’ of Soviet oil industry and Lukoil chairman passes away

Long-time chairman of Russian oil and gas company Lukoil and “founding father” of the Soviet oil industry has passed away following a long illness.

about 6 years ago
SeaQuest
Business Developments & Projects

SeaQuest secures supervision contract for Finnlines’ zero-emission RoRos

SeaQuest Marine Project Management has been entrusted with the construction supervision job for three zero-emission RoRo newbuilds owed by Finnlines.

about 6 years ago
Scarabeo 9 rig
Business Developments & Projects

Impairments in offshore drilling drag Saipem into the red

Italian oilfield contractor Saipem sank into the red in the first quarter of the year dragged down by impairments in the Offshore Drilling division.

about 6 years ago
West Phoenix rig
Business Developments & Projects

Neptune comes up dry at Norwegian Sea well

Neptune Energy has drilled a dry well near the Heidrun field in the Norwegian Sea.

about 6 years ago
DNV GL looking to prove value of oil & gas digital twins
Business Developments & Projects

DNV GL looking to prove value of oil & gas digital twins

DNV GL has issued an international call to oil and gas operators and the supply chain to pilot a methodology that could prove whether the data generated by digital twins can be trusted and if the technology is delivering value.

about 6 years ago
Ofgem
Business Developments & Projects

Ofgem greenlights Shetland subsea link

Ofgem has approved a proposal by SSEN to build a 600MW subsea link from Shetland to mainland Scotland. The link would allow new wind farms on Shetland to export electricity to and also ensure supply on the islands. Ofgem’s approval is also subject to approval of 457MW Viking Energy Wind Farm. Ofgem

about 6 years ago
Floatel Victory
Business Developments & Projects

Ineos pushes charter of Floatel unit to 2021

A charter for a Floatel International-owned flotel with Ineos in the UK North Sea has been postponed for 2021.

about 6 years ago
Equinor slashes quarterly cash dividend by two thirds
Business Developments & Projects

Equinor slashes quarterly cash dividend by two thirds

Norwegian oil major Equinor has decided on a cash dividend of $0.09 per share for the first quarter of 2020, a reduction of 67 per cent compared to the fourth quarter of 2019.

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

Repsol Sinopec expands Petrofac’s scope of support on UK assets

Petrofac is preparing to extend its provision of operations and maintenance services to Repsol Sinopec Resources UK following an enhancement to its existing contract.

about 6 years ago