Business & Finance
RWE signs lease agreements for four UK offshore wind extensions
RWE and its project partners have signed lease agreements with The Crown Estate to develop extensions of the Gwynt y Môr, Galloper, Greater Gabbard and Rampion offshore wind farms in the UK. Each proposal has already progressed through the plan level Habitats Regulations Assessment stage (HRA), The
Wintershall Noordzee drills third Sillimanite well
Wintershall Noordzee has drilled the Sillimanite South field discovery well and directly converted it into a development sidetrack.
Total moves Tyra project into the next phase following jacket installation
French oil major Total has installed two new jackets for the Tyra field redevelopment project located in the Danish North Sea.
Chevron in Australian domestic gas deal
Chevron’s Australian unit has signed another deal with aluminium producer Alcoa for the delivery of domestic natural gas from its LNG projects. Starting in January 2024, Chevron said it would supply Alcoa with an additional 37 petajoules of equity domestic gas over a “multi-year term.” The supply de
Aker Solutions firms up Breidablikk subsea award
Aker Solutions has secured a subsea production system contract from Equinor for the Breidablikk development in the North Sea. The contract value is about NOK 2.5 billion, including options. It covers the delivery of four subsea templates and up to 23 subsea trees and associated components. Specifica
Equinor ready to submit plan for one of largest undeveloped oil discoveries in Norway
Norwegian oil and gas giant Equinor and partners Petoro, Vår Energi, and ConocoPhillips have decided to develop the Breidablikk field in the North Sea.
U.S. offshore rig count stable at 14 units
The number of active rigs in the U.S. remained unchanged over the course of last week, according to a weekly rig count report by Baker Hughes.
Irish offshore wind farm hires project director
EDF Renewables and Fred. Olsen Renewables have appointed Arno Verbeek as the Project Director for the Codling offshore wind project in Ireland. Verbeek will lead the development, construction and operational phases of the Codling Wind Park (CWP). According to the project developers, Verbeek has exte
Scorpio Tankers secures scrubber, sale & leaseback financing
Tanker owner and operator Scorpio Tankers has finalized commitments from three financial institutions and has received a new commitment for a scrubber financing facility. The financing facilities are expected to increase the company’s liquidity by approximately $82 million. Specifically, Scorpio has
Petrobras awards long-term charters to POSH flotel duo
POSH has secured long-term charters for two of its offshore semi-submersible accommodation units – POSH Arcadia and POSH Xanadu – with Petrobras.
OKEA enters Neptune’s license near Draugen field
Oil and gas company OKEA has signed a sales and purchase agreement (SPA) with Neptune Energy for the acquisition of a 30 per cent working interest in offshore license PL938.
Solstad Offshore gets charter extensions from Equinor and Aker BP
Norwegian vessel owner Solstad Offshore has won contract extensions for two of its vessels with oil companies Equinor and Aker BP.
Bumi Armada JV clinches 10-year FPSO gig in India
Malaysian FPSO operator Bumi Armada has been awarded a contract for the provision of FPSO Armada Sterling to India’s ONGC.
Yamal LNG debt service guarantees removed
Russia’s largest independent natural gas producer Novatek has reached another milestone on its Yamal LNG project.