Borr Drilling is working to secure a liquidity runway until 2022 even in an unlikely low scenario without any further contracts.
Finland’s Suomen Hyötytuuli Oy is exploring the possibilities of expanding the 44.3 MW Tahkoluoto wind farm offshore Pori. The extension project is in a preliminary study phase, with the environmental impact assessment (EIA) procedure and the zoning about to begin, the developer said. The proposed e
Swedish wave energy developer Waves4Power will install its WaveEL system at the European Marine Energy Centre (EMEC) in 2021. The company has secured EU Interreg Ocean Demo grant, giving it access to EMEC’s power-connected test berths for three years. The grant also allows Waves4Power to deliver and
French energy company and LNG player Total has reportedly secured $14.4 billion funding for its liquefied natural gas export project in Mozambique. The financing deal includes a group of around 20 lenders for the first phase of senior debt funding, Reuters reported on Thursday citing unidentified so
Results from a seismic inversion analysis for Empyrean’s Jade and Topaz prospects, located in Block 29/11 in the Pearl River Mouth Basin, offshore China, gave Empyrean confidence it has a world-class carbonate reservoir with excellent porosity and permeability at both prospects.
Oil and gas company Noreco has appointed David B. Cook as the new Chief Executive Officer with effect from 1 July 2020.
Oceaneering has been awarded a considerable asset integrity contract from a major operator based in Dubai, UAE.
A Polish consortium is to decide on the construction of a small-scale LNG terminal in Gdansk following the completion of a feasibility study. The small-scale LNG project, co-financed by a European Union fund known as the Connecting Europe Facility, is an initiative by Polish energy company Lotos Gro
Two subsidiaries of Malaysia’s engineering services company T7 Global were awarded contracts from Carigali Hess and PTS Resources.
ConocoPhillips has said that Don E. Wallette, Jr. will be retiring as executive vice president and a chief financial officer after a 39-year career with the company.
Equinor is preparing to begin its public consultations with Norfolk communities on its proposed wind farm extension projects planned to be built adjacent to the company’s existing offshore wind farms off the North Norfolk coast. The existing Sheringham Shoal and Dudgeon offshore wind farms provide r
Wintershall Dea has decided to reduce its capital expenditures for 2020 by 30 per cent after booking a loss in the first quarter of the year amid low oil price environment.
Fugro has started work on its first task under a recently awarded multi-year hydrographic services contract with the US National Oceanic and Atmospheric Administration (NOAA). Located off the north-west coast of Florida, the project involves acquisition of high-resolution bathymetry data over four s
HitecVision and NEO Energy have renegotiated terms for the acquisition of a portfolio of operated and non-operated assets in the UK North Sea from French oil major Total.
