Business & Finance
Interventek scoops up Baker Hughes contract
Subsea systems technology specialist Interventek has secured an initial eight-figure contract from Baker Hughes. Specifically, the deal will see Interventek supply multiple API-17G qualified 7.375” 10,000psi in-riser landing strings. The landing strings will incorporate within Baker Hughes’ subsea s
Shell teams up with Microsoft in push to lower carbon emissions
Oil major Shell and tech giant Microsoft are embarking on a new strategic alliance to support progress towards a world with net-zero emissions.
Neptune makes first step in offshore execution of North Sea project
Neptune Energy and its joint venture partners BP and JAPEX have started the subsea construction phase of the Seagull tie-back project, which is located in the North Sea.
Vantage Drilling secures more jack-up rig work
Offshore drilling contractor Vantage Drilling has secured more work for two of its rigs operating in Indonesia and Qatar.
Japan’s Hokkaido Electric gets first US LNG shipment
Japan’s Hokkaido Electric Power said it has received its first US LNG cargo at the Ishikari regasification terminal, widening fuel sources for the adjacent power plant. The 177,000-cbm Shinshu Maru, owned by a venture of Jera and NYK, delivered the cargo from the Freeport terminal in the US on Septe
BP rides the wave of digitalization with reduction in operating costs and revenue boost on the horizon
BP has been doing its part to unlock the value of technology and tap into its benefits. This has become especially noticeable during 2020 with plans to become a net-zero company by 2050.
Energi Coast sets up offshore wind innovation group
North East England’s offshore wind cluster Energi Coast is launching a new Innovation Group which aims to develop long-term solutions to meet the requirements for new technology in offshore wind. The purpose of the group is to progress major innovation opportunities for the region’s offshore wind in
Stena Drilling lands drillship deal with Repsol in Mexico
Offshore drilling contractor Stena Drilling has won a drilling contract with Spanish oil company Repsol for operations offshore Mexico.
Sentinel Marine: Last of nine newbuild vessels arrives in Aberdeen
The Malin Sentinel, the final newbuild vessel of nine in a £150m investment programme by Sentinel Marine, has arrived in Aberdeen.
INEOS buys Norther offshore wind power
INEOS has signed an agreement with Engie to buy 84 MW of energy produced by the Norther offshore wind farm in Belgium. The 84 MW will initially be used by existing INEOS production sites and later by Project ONE, the company’s investment in two chemical plants for the production of ethylene and prop
Vietnam primed for 10 GW by 2030 offshore wind push
The Danish Energy Agency and the World Bank Group have prepared a roadmap for the development of offshore wind in Vietnam, which recommends that 10 GW of offshore wind power could be operational in the country by 2030. The Input to Roadmap for Offshore Wind Power Development in Vietnam report also r
Aker BP taps Odfjell Drilling for more rig work
Aker BP has awarded further work to the Odfjell Drilling-owned Deepsea Stavanger rig, scheduled to be done upon the rig’s return from a gig in South Africa with Total.
Swancor Renewable Energy developing 4.4 GW Formosa offshore wind sequel
Swancor Renewable Energy has revealed plans to develop the 4.4 GW Formosa 4 offshore wind project off the Miaoli County in Taiwan. The portfolio would consist of three sites, including Formosa 4-1, Formosa 4-2 and Formosa 4-3, which would cover a large maritime area located 18 to 20km offshore. Swan
Shell in major cost-cutting drive as it gears up for energy transition
Oil major Shell has launched a major cost-cutting drive to save cash and overhaul its business in preparation for the energy transition.