Business & Finance
Saipem in talks to buy floating offshore wind specialist
Italian offshore energy specialist Saipem has entered into exclusive negotiations with a European company to acquire its subsidiary specialising in floating wind technology. Saipem is in negotiations with France’s Naval Group to acquire its subsidiary – Naval Energies. The start of the exclusive neg
Partners Group becomes sole owner of Greenlink interconnector
Partners Group has become a 100% shareholder in the Greenlink electricity interconnector between Ireland and Great Britain. Partners Group has acquired a 51% stake in Greenlink from Element Power, meaning that it now entirely owns the interconnector on behalf of its clients. Greenlink will use a sub
IEA calls for 70+ GW of offshore wind to be added each year until 2050
Almost 90 per cent of global electricity generation in 2050 could come from renewable energy sources, with solar PV and wind together accounting for nearly 70 per cent, according to International Energy Agency’s new Net Zero 2050 roadmap. The roadmap, published on 18 May, calls for scaling up solar
ONGC: Three barges and one drillship adrift as cyclone blasts India
Three construction barges and one drillship working for ONGC on fields off Mumbai, India are adrift after a cyclone hit the Arabian Sea.
Offshore worker injured in serious Johan Sverdrup incident
An investigation has been launched into a serious lifting incident with a personal injury on Equinor’s Johan Sverdrup project in Norway.
GTT and Korea’s FTC update: favorable decision for GTT
The favorable decision for French LNG containment specialist GTT has been confirmed by the Seoul High Court, rejecting the appeal of the Korea Fair Trade Commission (KFTC).
Simec Atlantis’ main shareholder under administration threat
UK-based tidal energy developer Simec Atlantis Energy has warned of an alleged appointment of administrators to one of its main shareholders which owns 43% stake in the company.
Equinor enters Chinese offshore wind market
Equinor and the Chinese shipbuilder CIMC Raffles (Yantai CIMC Raffles Offshore) have signed a strategic cooperation agreement to develop offshore wind projects in the Yellow Sea, off China’s Shandong province. The Norway-based energy major has confirmed to our sister site OffshoreWIND.biz that the t
MOL returns to ammonia shipping
Japanese shipping company Mitsui O.S.K. Lines has decided to re-enter the ammonia transport business after almost five years of being absent from the trade. MOL’s re-entry into the business is being announced on the back of a time-charter contract with Trammo, a US-based merchandising and ammonia tr
Petropars to develop $1.78 billion Farzad B gas field in Iran
The National Iranian Oil Company (NIOC) has signed a contract worth $1.78 billion with compatriot Petropars Group for the development of Farzad B gas field in the Persian Gulf.
Offshore safety regulator inspects BP’s Argos platform
BSEE has conducted a pre-production inspection of BP’s Argos platform slated for operation in the U.S. Gulf of Mexico.
Modus orders Kawasaki AUV pair
The UK-based Modus Subsea Services has placed an order with Kawasaki Heavy Industries (KHI) for two SPICE autonomous underwater vehicles (AUV). SPICE (Subsea Precise Inspector with Close Eyes) is expected to be delivered to Modus this year and will be used for operations in the North Sea and other s
OMV Petrom turns to Black Sea following Kazakhstan exit
Romanian oil and gas company OMV Petrom has closed the sale of its onshore oilfields in Kazakhstan to focus on its portfolio in the Black Sea region.
Hibernia platform: Investigation launched after near-miss incident
A near-miss incident with the potential for fatality has happened on the HMDC-operated Hibernia platform offshore Canada.