Business & Finance
SSE selling stake in Walney offshore wind farm
SSE has agreed to sell its 25.1% non-operating stake in the 367 MW Walney offshore wind farm to Greencoat UK Wind. The stake equates to 92 MW of capacity and the total consideration is £350 million. The sale marks the first stage in SSE’s plans to dispose of £2 billion of assets by autumn 2021, [&he
Total enters South Korean floating wind market
Energy major Total and Macquarie’s Green Investment Group (GIG) have signed a series of agreements to co-develop an initial 2.3 GW portfolio of floating offshore wind projects in Korea. The portfolio consists of five projects, three in Ulsan totaling 1.5 GW and two in South Jeolla Province totaling
Tokyo Gas sets up LNG trading unit
Japan’s gas utility Tokyo Gas has formed a unit, TG Global Trading, aiming to focus on developing the LNG trading business of the company.
GALLERY: Chinese yard delivers second Fast4Ward FPSO to SBM Offshore
Chinese shipbuilder Shanghai Waigaoqiao Shipbuilding (SWS) has built and delivered the second Fast4Ward FPSO hull to SBM Offshore.
Maersk to integrate Safmarine, Damco Air and LLC
Danish container shipping major A.P. Moller – Maersk plans to integrate the Safmarine brand into Maersk as part of its transformation into an integrated container transport and logistics company. In addition, the Damco brand’s Air and LCL (Less than Container Load) offering will be combined with Mae
Acteon welcomes new managing director of TerraSond
Acteon Group has welcomed Bill Curtin to the position of managing director of geospatial solutions company TerraSond. Bill has international engineering, procurement and construction industry experience, including leading KBR’s engineering and construction operations for the Americas region. His pro
OMV Petrom enters Total’s Black Sea block
OMV Petrom has entered the Total-operated Han-Asparuh exploration block located in the Black Sea offshore Bulgaria.
Principle Power joins DeepWind cluster
Principle Power has joined the DeepWind cluster to promote the development of deepwater offshore wind in the UK. Principle Power said that DeepWind is an excellent vehicle to further deepen its relationship with local and international stakeholders and suppliers in order to drive the UK floating win
Neptune Energy to keep Deepsea Yantai rig until late 2021
Oil and gas company Neptune Energy has extended the contract for the Deepsea Yantai semi-submersible offshore drilling rig until late 2021.
Maersk Drilling gets long-term extension for jack-up with Shell in Brunei
Offshore drilling company Maersk Drilling has secured a 20-month extension for the Maersk Convincer jack-up rig with Brunei Shell Petroleum Company.
Norwegians to develop next-gen turbine installation vessel
Ocean Installer and Vard are entering into a partnership to develop a vessel for the installation of future offshore wind turbines. The vessel will be able to install giant offshore wind turbines weighing more than 1,000 tones at a height of over 150 meters above sea level, the parties said. “We wil
Dana Petroleum picks new chief executive officer
Aberdeen-headquartered oil and gas company Dana Petroleum has appointed a new chief executive officer (CEO) of the company.
Borr Drilling sees early signs of recovery despite 2Q loss
Borr Drilling booked a loss in the second quarter of the year as its revenues dropped, but the driller still sees early signs of recovery in the industry.
OPT adds Asia-Pacific representative
Ocean Power Technologies (OPT) has welcomed Gilar Prakoso to the OPT commercial team as Asia-Pacific representative, based in Jakarta, Indonesia. “The Asia-Pacific region presents significant opportunities for OPT’s power and communications solutions among nations concerned with maritime border enfo