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Business Developments & Projects

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Borssele Beta offshore substation topside touches down
Business Developments & Projects

Borssele Beta offshore substation topside touches down

The Borssele Beta offshore substation topside has been installed at the project site in the Dutch North Sea. The topside sailed out from HSM Offshore’s yard in Schiedam at the end of March to the site but was awaiting favorable weather conditions to be installed. Borssele Beta will connect the 731.5

about 6 years ago
Hoegh LNG FSRU
Business Developments & Projects

Hoegh LNG suspends dividends and cuts costs

Norway’s Hoegh LNG will stop paying dividends to investors as part of a move in reducing costs due to the uncertain environment caused by the coronavirus pandemic. Hoegh’s board has decided to suspend dividends, bonus scheme for executive management and onshore personnel until further notice, the fl

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about 6 years ago
GTT logo
Business Developments & Projects

France’s GTT appoints deputy CEO

French liquefied natural gas containment specialist GTT has appointed Eric Dehouck as deputy chief executive officer. Dehouck will support the acceleration of GTT’s development and will assist Philippe Berterottière in his responsibilities as chairman and CEO of GTT, the company said in a statement.

about 6 years ago
Cold-stack ahead for EMGS vessel as BP cancels African survey
Business Developments & Projects

Cold-stack ahead for EMGS vessel as BP cancels African survey

Norwegian seismic services company EMGS has noted an extremely low vessel utilization for the first quarter of 2020 due to project cancelations, which ensued following the recent oil price drop and the coronavirus pandemic. As a result, one of EMGS’ vessels is up for a cold-stack.

about 6 years ago
Alba North platform
Business Developments & Projects

Ithaca Energy halves capital expenditure for 2020

Oil and gas company Ithaca Energy has more than halved its capital expenditures for the year due to the double threat posed by the coronavirus pandemic and the sharp oil price drop.

about 6 years ago
African Energy Chamber urges OPEC and OPEC+ to end oil price war
Business Developments & Projects

African Energy Chamber urges OPEC and OPEC+ to end oil price war

The African Energy Chamber, a chamber of networks, transactions, and partnerships at the helm of Africa’s growing energy industries, has urged OPEC and OPEC+ to reach a deal on ending the oil price war which has sent the oil price tumbling to historic low levels.

about 6 years ago
Shipping industry sees growth in remote surveys in times of coronavirus crisis
Business Developments & Projects

Shipping industry sees growth in remote surveys in times of coronavirus crisis

Remote ship surveys and inspections have become increasingly popular amid the coronavirus crisis.

about 6 years ago
A photo of the vessel Rotra Vente transporting first batch of turbine tower parts
Business Developments & Projects

Second batch of SeaMade turbine towers en route to Ostend

Deugro has completed loading the second shipment of wind turbine towers for the SeaMade offshore wind farm at the Port of Avilés in Spain.

about 6 years ago
GALLERY: World’s largest semi-sub crane vessel lifts Equinor’s Snorre module
Business Developments & Projects

GALLERY: World’s largest semi-sub crane vessel lifts Equinor’s Snorre module

The world’s largest semi-submersible crane vessel, Heerema’s Sleipnir, has lifted a module for Equinor’s Snorre A platform from the quayside at Aibel’s yard in Haugesund, Norway, ahead of its transportation and installation in the North Sea off Norway.

about 6 years ago
A photo of of Baltic 1 offshore wind farm with one turbine close up and in focus
Business Developments & Projects

Germany’s first commercial offshore wind farm celebrates 9th birthday

On Friday, 3 April, EnBW marked the ninth year of operation of its Baltic 1 offshore wind farm – Germany’s first commercial scale offshore wind farm.

about 6 years ago
Petrofac to reduce its headcount by 20 pct in response to coronavirus crisis
Business Developments & Projects

Petrofac to reduce its headcount by 20 pct in response to coronavirus crisis

Petrofac is joining other providers in actions responding to the unprecedented market conditions. As a result, Petrofac will reduce its capex by 40%, reduce salaries across the company, and reduce its personnel by about 20%.

about 6 years ago
SpotOn Energy gains exclusivity for Barryroe farm-in
Business Developments & Projects

SpotOn Energy gains exclusivity for Barryroe farm-in

Providence Resources has moved to raise about $3 million through the issue of new shares and entered into an exclusivity deal for the farm-out of the Barryroe field, located offshore Ireland, with SpotOn Energy.

about 6 years ago
Vattenfall not participating in Dutch offshore wind tender due to COVID-19
Business Developments & Projects

Vattenfall not participating in Dutch offshore wind tender due to COVID-19

Swedish energy company Vattenfall has decided not to participate in the tender for the Hollandse Kust (noord) offshore wind farm in the Netherlands, citing uncertainty over the COVID-19 pandemic as the reason. ”In light of the current COVID-19 situation, we have carefully evaluated our risk-reward b

about 6 years ago
KC LNG bunkering facilities
Business Developments & Projects

KC LNG to build bunkering facilities for Scotland’s CMAL

Scottish ferry owner Caledonian Maritime Assets (CMAL) has ordered two liquefied natural gas bunkering facilities from KC LNG. Denmark-based KC LNG, a Kosan Crisplant’s division under MAKEEN Energy, said in a statement it expects to complete the bunkering facilities in July 2022. The facilities will

about 6 years ago