Business & Finance
Kinder Morgan wins approval to start last Elba LNG unit
US energy company Kinder Morgan has secured approval to launch the final small-scale liquefaction unit at its nearly $2 billion Elba Island LNG plant in Georgia. The US FERC granted the authorization to the firm on Thursday to place into service the seventh Elba Island liquefaction unit. Kinder Morg
IOG to award North Sea rig contract in coming weeks
Independent Oil and Gas (IOG) expects to award a contract for a drilling rig for its Core Project located in the Southern North Sea (SNS) “in the coming weeks”.
Malaysian firm to take full control of North Sea operator
Malaysia’s DNeX has entered into a head of agreement (HOA) with Ping Petroleum to make an offer to acquire the remaining equity interest in Ping not currently owned by DNeX. Ping Petroleum is an upstream company focused on shallow-water offshore production and development opportunities in the North
Siemens Gamesa clicks “Refresh” button on its corporate strategy
At its virtual Capital Markets Day held on 27 August, Siemens Gamesa presented “a refreshed” corporate strategy which revolves around tapping into growth opportunities for its offshore wind and services businesses, and driving a turnaround in the onshore market. With strong growth expected in partic
World gets 2.5 GW of offshore wind in first half of 2020
Globally, 2,535 MW of offshore wind was put into operation during the first half of the year, with offshore wind installations reaching 29,839 MW by the end of June 2020, according to World Forum Offshore’s (WFO) H1 2020 Global Offshore Wind Report. The organisation said the figures underline the co
COVID-19 hinders Nordic Shipholding’s merger talks
Discussions on a potential merger between Danish shipowner Nordic Shipholding and an unidentified tanker firm have been delayed due to the impact of COVID-19 pandemic, the company said. “The majority shareholder of the company had commenced merger discussions with a potential entity since late 2019.
Odfjell Drilling acquiring stake in Norwegian floating wind developer
Odfjell Drilling is investing in Oceanwind AS with an aim to acquire a stake that would ensure a controlling position in the Norway-based floating wind company. According to the Norwegian offshore drilling contractor, the move will support it on a path to zero-emissions drilling through projects tha
DOF bags $110 million worth of new contracts with Petrobras
Norwegian vessel operator DOF Subsea has been awarded four new contracts worth around $110 million with Petrobras in Brazil.
Gazprom bags VEB funds for Ust-Luga LNG project
Russian giant Gazprom has secured funds from its compatriot development bank, VEB, for its large liquefied natural gas export project in the Baltic port of Ust-Luga.
No objection from FAR to Cairn’s Sangomar sale to Lukoil
FAR Limited has decided not to object Cairn Energy’s proposed sale of a working interest in the RSSD Contract Area, offshore Senegal, to Russia’s Lukoil.
Atlas Professionals and Ørsted ink offshore wind deal in Taiwan
Atlas Professionals has secured a local recruitment contract for Ørsted’s Greater Changhua offshore wind project in Taiwan. Under the exclusive contract, Atlas Professionals will provide 14 local professionals for the operations and maintenance of the wind farm. Main recruitment activities will take
McDermott lands FEED job for gas pipeline in Vietnam
McDermott has been awarded a contract by Delta Offshore Energy to provide front-end engineering design (FEED) services for a subsea gas pipeline in Vietnam.
Wpd gathers Guanyin OWF dream team
Wpd has signed several supply agreements for the 350 MW Guanyin offshore wind farm in Taiwan. MHI Vestas will supply 36 of its V164-type wind turbines, for which CS Wind Taiwan will manufacture the towers. Fred. Olsen Windcarrier will be in charge of the wind turbine installation. Taiwanese companie
Greenpeace strikes again in protest against Shell’s Brent decom plans
Greenpeace activists from Germany have launched a protest in the North Sea to call out Shell’s plans to abandon an estimated 11,000 tonnes of oil in the sea.