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Business Developments & Projects

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Illustration; Source: Pale Blue Dot Macquarie
Business Developments & Projects

New investors enter Acorn carbon capture and storage project

Pale Blue Dot, the lead developer of the Acorn Carbon Capture and Storage (CCS) project, has conducted a corporate restructuring following a strategic investment by multinational independent investment bank and financial services company Macquarie Group.

about 6 years ago
Oseberg field centre; Source: Equinor Aibel
Business Developments & Projects

Equinor picks Aibel for work on Oseberg fields

Norwegian oil major Equinor has awarded Aibel a portfolio agreement for the Oseberg fields for the period 2020-2026.

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about 6 years ago
Watch complex subsea operation of installing Dvalin Xmas trees
Business Developments & Projects

Watch complex subsea operation of installing Dvalin Xmas trees

Wintershall Dea last December installed three Xmas trees on its Dvalin gas development, which has now moved from the drilling phase to the completion phase.

about 6 years ago
ship
Business Developments & Projects

TUI Group wraps up sale of Hapag-Lloyd Cruises

Germany’s tourism group TUI Group has completed the sale of its subsidiary Hapag-Lloyd Cruises to TUI Cruises, a joint venture between TUI and Royal Caribbean Group.

about 6 years ago
Petrojarl Knarr FPSO
Business Developments & Projects

Rystad expects no new FPSO contracts in 2020 but sees quick rebound next year

Hit by the second industry downturn in five years, global awards for FPSO vessels will likely be limited to a single unit in 2020, Rystad Energy believes.

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

LR: Up to 40 per cent of FPSO maintenance work ‘unnecessary’

As much as 40 per cent of maintenance work carried out by floating production storage and offloading (FPSO) vessel operators was described as “unnecessary” by a report from UK’s classification society Lloyd’s Register (LR).

about 6 years ago
Shell's shipping study confirms LNG as transition fuel
Business Developments & Projects

Shell’s shipping study confirms LNG as transition fuel

A Shell study released on Tuesday exploring how the shipping industry is working to slash its emissions has confirmed LNG as one of the main transition fuels. The report named “Decarbonizing Shipping: All Hands on Deck” is a joint research by Shell and Deloitte. Shell says the report lays a “roadmap

about 6 years ago
Drilling rig
Business Developments & Projects

UK well engineering firm adds new operatorship division

UK’s well engineering and project management specialist Fraser Well Management (FWM) has launched a new well operatorship division.

about 6 years ago
JGA North cable
Business Developments & Projects

JGA North cable system completed

RTI and NEC have jointly announced the completion of the Japan-Guam-Australia North Cable System (JGA North). JGA North is approximately 2,700 kilometres in length and lands in Minami-Boso, Japan and Piti, Guam. The cable has an initial design capacity of 24 Tbps minimum, increasing further to 30 Tb

about 6 years ago
Indonesian regulator confirms Shell Abadi LNG exit talks
Business Developments & Projects

Indonesian regulator confirms Shell Abadi LNG exit talks

Indonesian upstream regulator SKK Migas has confirmed Shell is in talks to withdraw from Indonesia’s proposed Abadi LNG export project. The Inpex-operated giant Abadi LNG project has seen many changes over the years and initially the development of the Masela offshore block involved a floating LNG p

about 6 years ago
Marine Renewables Canada ties up with Business Network for Offshore Wind
Business Developments & Projects

Marine Renewables Canada ties up with Business Network for Offshore Wind

Marine Renewables Canada and the Business Network for Offshore Wind have partnered to share knowledge and support offshore wind developments. Specifically, the agreement aims to increase collaboration to benefit industry in Canada and the United States. It demonstrates the commitment to ensuring Can

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

ABS remote survey certifies steel for Lamprell rigs

The American Bureau of Shipping (ABS) has conducted a remote survey for steel certification at a steel mill to enable work on two Lamprell’s self-elevating drilling units.

about 6 years ago
P-12 platform
Business Developments & Projects

Petrobras starts decommissioning Campos Basin platform

Brazilian oil and gas giant Petrobras has started decommissioning the P-12 platform in the Campos Basin offshore Brazil.

about 6 years ago
Kinsale Alpha platform; Source: PSE
Business Developments & Projects

PSE Kinsale Energy ceases gas production from Kinsale field

PSE Kinsale Energy has ceased its gas production at the Kinsale area gas fields in the Celtic Sea after 42 years of production.

about 6 years ago