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Business Developments & Projects

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BP CEO Bernard Looney; Source: BP
Business Developments & Projects

BP assets to take up to $17.5 billion hit as it lowers oil price forecast

Oil giant BP is expecting massive reductions to asset values during the second quarter of 2020 as a result of the combined hit of the oil price plunge and the COVID-19 pandemic.

about 6 years ago
EPSRC funding
Business Developments & Projects

EPSRC rolls out wave energy funding call

UK’s Engineering and Physical Sciences Research Council (EPSRC) has issued a call to fund research grant proposals in Marine Wave energy. According to EPSRC, the funding available for this call is approximately £4.5 million. EPSRC anticipates that proposals may vary in scale and scope depending on t

about 6 years ago
Illustration; Shelf Drilling rig
Business Developments & Projects

Saudi Aramco suspends Shelf Drilling jack-up rig charter

Saudi Arabian oil and gas giant Saudi Aramco has suspended its contract for the Shelf Drilling-owned High Island IV jack-up rig.

about 6 years ago
Oldendorff
Business Developments & Projects

Oldendorff buys Capesize bulker trio from Tata Power

Germany-based dry bulk carrier owner and operator Oldendorff Carriers has signed a “comprehensive” package deal with Singapore-based Trust Energy Resources, a subsidiary of Tata Power Company, India’s largest integrated power company.

about 6 years ago
Jotun FPSO; Source: Vår Energi
Business Developments & Projects

Vår Energi taking Jotun FPSO ashore to kick off Balder Future project

Oil and gas company Vår Energi is taking the Jotun FPSO ashore for upgrading to start the first stage of the life-extension process for the Balder Area in the North Sea.

about 6 years ago
Elba Island LNG gets Train 9 feed gas introduction permit
Business Developments & Projects

Elba Island LNG gets Train 9 feed gas introduction permit

Kinder Morgan-led Elba Island liquefaction project near Savannah, Georgia, has been granted a permit to introduce feed gas to the ninth production unit.

about 6 years ago
Sakhalin LNG plant
Business Developments & Projects

Sakhalin Energy shuts one LNG train for maintenance

Russia’s Sakhalin Energy has closed only one LNG train at the Gazprom-operated Sakhalin-2 facility for planned maintenance due to challenges associated with the Covid-19 coronavirus pandemic. The maintenance also includes the Lunskoye-A offshore platform that produces the majority of the gas for the

about 6 years ago
Higas LNG terminal
Business Developments & Projects

Italy’s 1st small-scale LNG terminal nearing completion

Italy is to get its first small-scale liquefied natural gas facility as construction works progress on the Higas terminal located on the island of Sardinia. The small-scale storage, regasification and distribution facility will be ready “in a few months”, according to Gas & Heat, the Italian enginee

about 6 years ago
Arctic LNG 2
Business Developments & Projects

Novatek’s Arctic LNG 2 project 19 pct complete

Russia’s Novatek is pushing ahead with the construction of its second Arctic liquefied natural gas export project despite the Covid-19 coronavirus pandemic. The project located on the Gydan peninsula includes the construction of three LNG trains with a capacity of 6.6 million tonnes per year, each,

about 6 years ago
Deepsea Yantai rig
Business Developments & Projects

Neptune Energy set to drill two North Sea wells

The Norwegian Petroleum Directorate has granted Neptune Energy a drilling permit for two wildcat wells in the North Sea off Norway.

about 6 years ago
Kajima to handle construction at 700 MW Japanese offshore wind farm
Business Developments & Projects

Kajima to handle construction at 700 MW Japanese offshore wind farm

Japanese consortium developing the Akita Yurihonjo offshore wind farm has selected Kajima Corporation as the project’s contractor in charge of construction. The consortium, led by Renova, is developing the Akita Yurihonjo project through the special purpose company – Akita Yurihonjo Offshore Wind GK

about 6 years ago
Two Ampelmann A-type systems operating the Kroonborg and Kasteelborg vessels; Source: Wagenborg
Business Developments & Projects

Dutch shipyard picks Ampelmann gangway for new icebreaker

Ampelmann has secured a contract from Royal Niestern Sander for the sale of a winterised A-type motion compensated gangway system.

about 6 years ago
unmanned ships
Business Developments & Projects

Japanese companies to develop, test autonomous ship technology

A Japanese consortium of Marubeni Corporation, Tryangle, Mitsui E&S Shipbuilding, and the City of Yokosuka has secured a place in the Joint Technological Development Programme for the Demonstration of Unmanned Ships led by The Nippon Foundation.

about 6 years ago
Deep Trekker Spectis partnership
Business Developments & Projects

Aberdeen robotics firm teams up with Deep Trekker

Aberdeen-based provider of remotely operated robotic crawlers Spectis Robotics has partnered with Canadian ROV manufacturer Deep Trekker. The new partnership will provide Spectis with direct access to Deep Trekker’s experienced engineers to assist in the development of inspection solutions across mu

about 6 years ago
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