Business & Finance
Petrojarl Banff FPSO reaches UK port ahead of recycling
UK’s Kishorn Port has welcomed the Petrojarl Banff FPSO for temporary mooring while its owner is looking for a suitable location for recycling.
Equinor enters Japan’s offshore wind market in new consortium
Electric Power Development (J-Power), JERA and Equinor have formed a consortium to together work towards developing offshore wind projects off the Akita Prefecture in Japan. The consortium will see the three companies evaluate and work towards submitting a joint bid in Japan’s first offshore wind au
Kosmos Energy farms down asset portfolio to Shell for up to $200M
U.S.-based oil and gas company Kosmos Energy has entered into an agreement with a subsidiary of Royal Dutch Shell to farm down interests in a portfolio of frontier exploration assets for up to $200 million.
Equinor hires Noble rig for Valemon campaign
Noble Corporation has been awarded a contract by Equinor for drilling three wells at the Valemon field from the summer of 2021, using the Noble Lloyd Noble drilling rig.
Delta Offshore seeks bids for 25-year Vietnam LNG supply deal
Delta Offshore Energy on Tuesday issued a request for proposals, first of its kind for Vietnam, for a 25-year LNG supply deal to its planned power project in Bac Lieu. The tender is for delivery of 2.5-3 million tonnes per year on a delivered ex-ship (DES) or freight on board (FOB) basis, the firm s
Oil & gas after 2020: Will the latest downturn lead to permanent transformation?
Following its third price collapse in 12 years, the oil and gas industry may be facing a period of transformation. The industry managed to recover from the previous two downturns and continue with business as usual, but this time it seems the recovery might look a bit different from the ones before.
Former U.S. Ambassador to Russia rejoins Chevron board
U.S. energy major Chevron has re-elected one of its previous directors to the board of directors and two committees.
MEECE launches tender and recruiting spree
The Marine Energy Engineering Centre of Excellence (MEECE) at Swansea University is looking for biaxial-machine tenders. Namely, Fatigue loads often drive the load regime experienced by wind, wave and tidal devices. Therefore, there is significant scope for cost reduction through characterisation of
GC Rieber in fleet management deal with OSM
Oslo-listed GC Rieber Shipping and OSM Maritime Group (OSM) have entered into an agreement for fleet management services. Specifically, the deal includes business transfer from GC Rieber to OSM of all technical, crewing and support functions in Bergen. OSM will also establish a new wholly-owned ship
ExxonMobil boasts new oil discovery offshore Guyana
Oil major ExxonMobil has made its 18th discovery offshore Guyana at the Redtail-1 exploration well.
World’s largest offshore wind project woos tier 2 contractors
Dogger Bank Wind Farm and its tier 1 contractors are holding a series of supply chain webinars for the 3.6 GW offshore wind project. The webinars will focus on introducing the Dogger Bank wind farm development and the tier 1 contractors, and will showcase the opportunities the project offers with a
Green hydrogen could bring UK £ 320 billion by 2050 – Report
Development of an indigenous green hydrogen industry could generate £ 320 billion for the UK economy and sustain up to 120,000 jobs by 2050, a new report finds. The Offshore Wind and Hydrogen: Solving the Integration Challenge Report was released by the Offshore Wind Industry Council (OWIC) and the
Barrier deficiencies force Equinor to drill fresh Martin Linge wells
Equinor has decided to drill new wells on its operated Martin Linge field, located offshore Norway, due to barrier deficiencies discovered in previous wells.
South Tyneside getting offshore energy manufacturing zone
South Tyneside Council has secured almost £500,000 to develop a manufacturing zone for the offshore energy sector. Coming from the UK Government’s Local Growth Fund through the North East Local Enterprise Partnership (LEP), the funding will be used to support high growth businesses in the advanced m