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Business Developments & Projects

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Illustration; Source: Hibiscus Anasuria Marigold
Business Developments & Projects

Hibiscus pushes back investment decision on Marigold development

Malaysian operator Hibiscus Petroleum has pushed back a final investment decision (FID) for the Marigold development in the UK part of the North Sea.

about 5 years ago
Afif
Business Developments & Projects

Hapag-Lloyd upgrades earnings forecast amid strong market demand

German container shipping company Hapag-Lloyd has raised its earnings forecast amid better than expected business performance. For the 2020 financial year, earnings before interest, taxes, depreciation and amortisation (EBITDA) of €2.6 to 2.7 billion, from the previously announced €2.4 to 2.6 billio

about 5 years ago
Magnolia platform - W&T Offshore
Business Developments & Projects

W&T boosts 4Q guidance after restoring Gulf of Mexico output

W&T Offshore has restored production that was shut-in due to an active storm season in the Gulf of Mexico and increased its production guidance for 4Q 2020.

about 5 years ago
ECV, Gunvor form LNG trading and shipping JV
Business Developments & Projects

ECV, Gunvor form LNG trading and shipping JV

Energy Capital Vietnam (ECV), a Vietnam-focused company, has formed an LNG trading and shipping joint venture with Gunvor.

about 5 years ago
methanol-powered
Business Developments & Projects

Four partners develop standard design for methanol-powered product tanker

A coalition of four players promoting sustainable shipping have collaborated on a joint industry project to enable product tanker charterers and shipowners to use methanol as fuel regardless of the cargo carried.

about 5 years ago
Sikorsky S-92 helicopter at the Gina Krog field in the North Sea - Equinor
Business Developments & Projects

Equinor inks helicopter deal, adds Vår Energi to the mix

Norwegian oil giant Equinor has awarded CHC Helicopter a contract for personnel transportation from Stavanger airport, Sola.

about 5 years ago
The Burbo Bank offshore wind farm in the UK
Business Developments & Projects

Oil & gas, aerospace, defence companies to boost UK offshore wind supply chain

The Offshore Wind Growth Partnership (OWGP) selected 32 UK companies working in industries such as oil and gas, aerospace and defence for its Wind Expert Support Toolkit (WEST) Pilot Programme, within which the companies will join those already involved in the renewable energy sector. The programme

about 5 years ago
Hod illustration; Source: Aker BP
Business Developments & Projects

Aker BP gets approval for Hod field development plan

The Norwegian authorities have approved Aker BP’s development and operation plan for the Hod field in the Norwegian part of the North Sea.

about 5 years ago
Sangomar; Source: Woodside
Business Developments & Projects

MAN compressors set for Sangomar FPSO

Japan’s Modec has ordered six compressors from MAN Energy Solutions for an FPSO destined for the Woodside-operated Sangomar field offshore Senegal.

about 5 years ago
STX Engine
Business Developments & Projects

NSB teams up with STX Engine on providing maritime service

Germany-based shipping company NSB Group and Korean engine manufacturer STX Engine have signed a cooperation agreement to offer a jointly developed technical service.

about 5 years ago
Corpus Christi LNG Train 3 first commissioning cargo loaded
Business Developments & Projects

Corpus Christi LNG Train 3 first commissioning cargo loaded

Houston-based LNG exporter Cheniere Energy has reached new milestones at its Corpus Christi LNG facility in Texas.

about 5 years ago
iSURVEY on Cornerstone project
Business Developments & Projects

iSURVEY delivers landmark North Sea project

The UK entity of Norway-based offshore surveyor iSURVEY has completed its largest project to date. The seven-figure project has seen a 10-strong group of offshore survey experts complete a 6,300 kilometres of survey since mobilisation in late July. According to iSURVEY, this also breaks the Aberdeen

about 5 years ago
The Deepsea Atlantic drilling rig (Photo: Marit Hommedal/Equinor) NPD
Business Developments & Projects

Equinor drills dry well near Tordis field

Norwegian oil major Equinor has drilled a dry well near the Tordis field in the North Sea offshore Norway.

about 5 years ago
Triumph Subsea Services newbuild vessel
Business Developments & Projects

Triumph Subsea Services firms up shipbuilding deal

Triumph Subsea Services has formally entered into contract with Brodosplit JSC for the building of its ST-designed field development vessels. The contract is for one initial vessel and three optional vessels. According to Triumph, execution of options will be upon completion of the detailed engineer

about 5 years ago
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