Business Developments & Projects
Alfa Laval buys biofuel processing firm to reinforce position in renewables sector
Swedish sustainable solutions provider Alfa Laval has completed the acquisition of Belgium-based Desmet, a supplier of processing plants and technologies for edible oils and biofuel sectors. Announced in March this year, the acquisition is expected to strengthen Alfa Laval’s position in the renewabl
WSP gets in on Morocco-UK power project
Xlinks has appointed WSP to provide technical advisory services for the tendering process for four HVDC converter stations and ancillary works for the Morocco-UK Power Project. WSP will support the procurement process for converter stations in the UK and Morocco, UK grid connection works, connection
BP joins its peers in posting massive profits
BP joined its peers in posting record quarterly profits on the back of higher oil and gas prices and strong refining margins.
Reygar, Cedar Marine to help fleet operators reduce carbon emissions
UK-based maritime remote monitoring systems provider Reygar and compatriot carbon reduction and sustainability specialist Cedar Marine have teamed up to provide an integrated service for monitoring and reducing fuel, energy use and carbon emissions across vessels and business operations in the marit
Agreement signed for one of UK’s first wind-powered oil & gas production facilities
A new deal signed between an oil and gas operator and a green energy and infrastructure developer will see the creation of one of the UK’s first wind-powered oil and gas production facilities.
MPS taps TSC Engineering for wind and wave energy hybrid
Marine Power Systems (MPS) has selected TSC Engineering to provide the design and development of the tensioner deployment system for its combined wave energy and floating wind solution.
Dynagas LNG states cash distributions on preferred units
Dynagas LNG Partners, a partnership formed by Greek shipping company Dynagas, has declared a cash distribution of $0.546875 per unit on its Series B Preferred Units.
Saipem to install offshore gas pipeline under €300 million contract
Saipem has secured an E&C contract with EniMed, a subsidiary of Eni, for the transportation and installation of an offshore gas pipeline connecting the four wells of Argo and Cassiopea Fields to the Sicilian coast. Pipelay vessels Castorone and Castoro 10 will install the 60-kilometer-long 14” gas p
First oil flows from North Sea field
German oil and gas company Wintershall Dea has started production from its operated Nova oil field in the Norwegian North Sea.
Gasunie sells remaining Eemshaven LNG terminal capacity to Engie
French energy major Engie has booked the remaining capacity of the Eemshaven LNG terminal, owned by the Gasunie subsidiary EemsEnergyTerminal.
New partner joins North Sea block ahead of September well spud
i3 Energy and Europa Oil & Gas have completed a farm-in agreement ahead of the drilling of an appraisal well planned for September.
V.Group to technically manage three LNG-fuelled newbuilds
UK-based ship management company V.Group will be providing full technical management of the three LNG dual-fuel new build ships currently under construction at Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME).
With clearance in hand, Equinor set to use Transocean rig for North Sea drilling
Equinor has received consent from Norway’s safety regulator for exploration drilling in the North Sea, using one of Transocean’s rigs.
PGNiG and PKN Orlen to merge for Polish energy security
Polish oil and gas player PGNiG and compatriot oil refiner Polski Koncern Naftowy Orlen (PKN Orlen) have agreed on a plan of the merger of the two companies.