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Business Developments & Projects

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GALLERY: World’s largest semi-sub crane vessel lifts Equinor’s Snorre module
Business Developments & Projects

GALLERY: World’s largest semi-sub crane vessel lifts Equinor’s Snorre module

The world’s largest semi-submersible crane vessel, Heerema’s Sleipnir, has lifted a module for Equinor’s Snorre A platform from the quayside at Aibel’s yard in Haugesund, Norway, ahead of its transportation and installation in the North Sea off Norway.

about 6 years ago
A photo of of Baltic 1 offshore wind farm with one turbine close up and in focus
Business Developments & Projects

Germany’s first commercial offshore wind farm celebrates 9th birthday

On Friday, 3 April, EnBW marked the ninth year of operation of its Baltic 1 offshore wind farm – Germany’s first commercial scale offshore wind farm.

about 6 years ago
Origin sees not material impacts of COVID-19 to date
Business Developments & Projects

Origin sees not material impacts of COVID-19 to date

Australia’s top power and gas retailer, Origin Energy, noted that to date there has been no material impact on the company’s energy supply operations amidst the COVID-19 outbreak. Most of Origin’s workforce is working from home and only roles critical to maintaining energy supply remain at the site,

about 6 years ago
Petrofac to reduce its headcount by 20 pct in response to coronavirus crisis
Business Developments & Projects

Petrofac to reduce its headcount by 20 pct in response to coronavirus crisis

Petrofac is joining other providers in actions responding to the unprecedented market conditions. As a result, Petrofac will reduce its capex by 40%, reduce salaries across the company, and reduce its personnel by about 20%.

about 6 years ago
SpotOn Energy gains exclusivity for Barryroe farm-in
Business Developments & Projects

SpotOn Energy gains exclusivity for Barryroe farm-in

Providence Resources has moved to raise about $3 million through the issue of new shares and entered into an exclusivity deal for the farm-out of the Barryroe field, located offshore Ireland, with SpotOn Energy.

about 6 years ago
Shelf Drilling gets third termination in less than a month
Business Developments & Projects

Shelf Drilling gets third termination in less than a month

Shelf Drilling has entered into a mutual agreement with a customer to shorten the contract for another one of its jack-up drilling rigs operating in the Middle East, which makes it a third early termination for Shelf in less than a month.

about 6 years ago
Low oil price environment not “business as usual” for Otto Energy
Business Developments & Projects

Low oil price environment not “business as usual” for Otto Energy

Australia-based oil and gas company Otto Energy has taken measures to mitigate the effects of the low oil price environment.

about 6 years ago
Triangle awards Cliff Head maintenance job to Upstream PS
Business Developments & Projects

Triangle awards Cliff Head maintenance job to Upstream PS

Upstream PS, a wholly-owned subsidiary of GR Engineering Services, has entered into a three-year contract with Triangle Energy for the provision of operations and maintenance services to the Arrowsmith Stabilisation Plant (ASP) and Cliff Head Alpha offshore platform in Australia.

about 6 years ago
Woodside logo
Business Developments & Projects

Woodside joins Japanese consortium to study hydrogen exports

Australian LNG player Woodside Petroleum has joined a consortium of Japanese companies to study exporting carbon-neutral hydrogen. Woodside has signed a deal with LNG importing giant JERA, Marubeni Corporation and IHI Corporation to undertake the joint study. The study will be examining the large-s

about 6 years ago
Vattenfall not participating in Dutch offshore wind tender due to COVID-19
Business Developments & Projects

Vattenfall not participating in Dutch offshore wind tender due to COVID-19

Swedish energy company Vattenfall has decided not to participate in the tender for the Hollandse Kust (noord) offshore wind farm in the Netherlands, citing uncertainty over the COVID-19 pandemic as the reason. ”In light of the current COVID-19 situation, we have carefully evaluated our risk-reward b

about 6 years ago
Energean and Edison agree to exclude Algerian assets from E&P deal
Business Developments & Projects

Energean and Edison agree to exclude Algerian assets from E&P deal

Energean Oil and Gas and Edison have agreed to exclude Edison E&P’s Algeria assets from the previously agreed acquisition.

about 6 years ago
Energean’s FPSO hull heads to Singapore for topside integration
Business Developments & Projects

Energean’s FPSO hull heads to Singapore for topside integration

A hull for the Energean-owned Energean Power FPSO sailed away from the COSCO yard in China on Thursday, April 3, 2020.

about 6 years ago
Oil price drop pushes Lekoil into cost-cutting mode
Business Developments & Projects

Oil price drop pushes Lekoil into cost-cutting mode

Africa-focused oil and gas company Lekoil has approved the immediate and accelerated implementation of the company’s general and administrative (G&A) cost-reduction measures due to the significant drop in oil prices.

about 6 years ago
Venture Global LNG terminal
Business Developments & Projects

Venture Global moves forward with Calcasieu Pass LNG project

U.S. LNG export project developer Venture Global LNG says it is making headway with its Calcasieu Pass liquefied natural gas export project. The company completed a string test of the first Venture Global Calcasieu Pass mixed refrigerant compression system at Baker Hughes’ testing facility in Massa,

about 6 years ago
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