A multi-user, planned transmission system to harness wind power off New England’s coast could result in onshore electric grid cost savings of over $ 1 billion and significantly reduce environmental impacts, a report prepared for transmission developer Anbaric shows. The report, Offshore Transmission
The Export-Import Bank of the United States said Thursday it has amended its previously approved loan for the Total-led $20 billion Mozambique liquefied natural gas export project. The bank approved a loan for up to $5 billion in September last year to support the export of U.S. goods and services r
Upstream Production Solutions has been awarded a contract to provide operations and maintenance to the Northern Endeavour FPSO and associated infrastructure located offshore Australia.
Italian oil major Eni has chosen Claudio Descalzi to be its chief executive officer (CEO) for the third time. The company has also named its new chairwoman and members of board committees.
Pipeshield has strengthened its Baltic Sea operations by establishing a supply base at Mukran Port on the Island of Rügen. The decision follows delivery of several projects from Mukran Port over the last 18 months. Tekmar’s subsea asset protection specialist will utilise the ports transport connecti
The United States exported less liquefied natural gas cargoes in the week ending May 13 when compared to the week before, according to the Energy Information Administration. The agency said in its weekly gas natural gas report that five US terminals dispatched eleven LNG shipments between May 7 and
Russia’s largest shipping company Sovcomflot logged an almost 66 per cent rise in quarterly net profit on the back of a strong performance of its conventional fleet. Sovcomflot reported a net profit of $116.1 million in the first quarter this year compared to $70.1 million a year ago. Revenue increa
Hydrogen has surged up the priority list of many oil and gas organizations, taking a primary position in the sector’s decarbonization efforts, according to a new report by DNV GL.
The Marine Energy Wales Conference has a new scheduled date for January 2021 in North Wales. The annual event will now take place in Venue Cymru, Llandudno over two days: 27 -28 January 2021. The largest marine energy event in the UK will showcase Welsh industry in the wave, tidal and floating offsh
Seadrill has been hit by early termination of a drilling contract for a drillship operating in Southeast Asia.
Nordic infrastructure fund Infranode is preparing an investment of up to kr. 1 billion (circa €134 million) for new infrastructure facilities at the Danish port of Esbjerg which will be used for the offshore wind industry. The investment will go into port facilities for storage, preassembly and manu
Classification society ClassNK has granted AIP to NYK Line and its group company MTI Co., Ltd. for their joint project on the concept design of an autonomous ship framework.
U.S. offshore vessel operator Hornbeck Offshore Services has launched a solicitation of votes from its lenders and unsecured noteholders in support of a prepackaged Chapter 11 plan of reorganization.
Shelf Drilling booked a loss of $185 million in the first quarter of 2020 due to rig impairment charges and is taking actions to reduce costs and preserve liquidity amid challenging market situation.
