AqualisBraemar has acquired 100 per cent of the shares in LOC Group with the purchase price consideration of USD 20.2 million (around EUR 16.5 million) cash consideration plus two million conditional warrants in AqualisBraemar. As reported in November, when the acquisition was announced, LOC Group’s
China’s Mawei shipyard has cut the first steel for two DP2 B-Type vessels ordered by Dutch shipping company Spliethoff.
New Fortress Energy has boosted its liquefied natural gas (LNG) volumes with two additional long-term supply agreements.
Equinor has decided to invest NOK 3 billion ($342.8 million) in the Statfjord Øst field to improve recovery by 23 million barrels of oil equivalent.
Simec Atlantis has delivered its tidal energy generation equipment to Japan ahead of deployment in the Naru Strait.
FGEN LNG Corporation, a unit of First Gen Corporation has selected three preferred tenderers to supply the FSRU for its Interim Offshore LNG Terminal project.
ConocoPhillips has made a new oil discovery in production license 891 located 14 miles north-northeast of the Heidrun field in the Norwegian Sea.
Eni has signed a concession agreement for the acquisition of a 70% stake in a block off Abu Dhabi, leading a consortium including Thailand’s PTTEP.
Singapore’s LNG Alliance informed that its US unit, Epcilon LNG, received the non-FTA export permit for its Amigo LNG project in Sonora Mexico.
Aker Solutions has secured a contract from Aker Carbon Capture for engineering, procurement and management assistance to realise the CO2 capture plant at Norcem’s cement factory in Brevik, Norway. The project will start in January 2021, with work completed in 2024. The contract has a value of about
Bahamas Petroleum Company (BPC) has started drilling its eagerly anticipated Perseverance #1 well offshore the Bahamas and using the Stena IceMAX drillship.
An EOLOS floating LiDAR has been deployed at the Dunkirk offshore wind site off France, where the Éoliennes en Mer de Dunkerque (EMD) consortium will build a wind farm of up to 600 MW of capacity. The consortium between EDF Renewables, Enbridge and Innogy-RWE awarded EOLOS with a contract for turn-k
Oil major Shell said it will write down the value of oil and gas assets by $3.5 billion to $4.5 billion following a string of impairments this year as it adjusts to a weaker outlook.
A project to construct the world’s first zero-emission hydrogen vessels has been awarded NOK 219 million ($25 million) by the Norwegian government-owned organization Enova.
