Business & Finance
RWE makes it easier for Sofia OWF future supply chain
RWE has launched an online suppliers portal where companies can search for and find opportunities on the Sofia offshore wind project. The suppliers portal will display contract opportunities with the Sofia project and its key contractors as they become available. “We are keen to maximise the involve
Vroon scoops three deals with Total
Dutch provider of offshore support vessels Vroon Offshore Services has secured contracts with Total’s UK entity for three emergency response and rescue vessels (ERRV). Vroon said last week that the VOS Enterprise, VOS Prospector, and VOS Vigilant vessels would support Total E&P UK’s North Sea operat
Chevron to buy Noble Energy in deal valued at $5 billion
Chevron has entered into a definitive agreement with Noble Energy to acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued at $5 billion, or $10.38 per share.
Premier Oil signs discount deals for BP’s North Sea assets buy
Oil and gas company Premier Oil has signed sale and purchase agreements with oil major BP for the acquisition of its interests in the Andrew Area and its Shearwater assets, under revised terms announced in June.
Germans seek expedience on offshore wind to hydrogen projects
Representatives from the German offshore wind industry are urging the government to issue tenders for additional offshore wind areas needed to produce green hydrogen as quickly as possible. Germany’s National Hydrogen Strategy (NWS) opens up the opportunity to use about 3 GW of offshore wind energy
SpotOn Energy takes next step in Barryroe farm-in
After securing exclusivity for the farm-out of Providence’s Barryroe field through $3 million investment, SpotOn Energy took a new step in the farm-out process.
Japan’s June LNG imports rise
Japan’s LNG imports increased slightly in June, showing signs of recovery following several monthly declines due to the effects of the Covid-19 pandemic. The world’s largest importer of LNG received 5.26 million tonnes of the fuel last month, up 1.2 percent from a year earlier and representing the f
Maersk Drilling secures more rig work with Aker BP
Maersk Drilling has secured an additional one-well contract from Aker BP for the low-emission jack-up rig Maersk Integrator.
Total inks $14.9 billion debt financing for Mozambique LNG
French energy giant Total said Friday it has signed a $14.9 billion senior debt financing deal for its Mozambique LNG project, the biggest project financing ever in Africa. The project includes the development of the Golfinho and Atum natural gas fields located in Offshore Area 1 concession. Gas wil
NYK takes stake in tugboat company
Japanese shipping company NYK Line has acquired 15% of shares of Thoresen Vinama Tug Co. Ltd. and entered the tugboat business at Phu My and Cai Mep ports in Vietnam. TVT, established in January 2019, has two tugboats providing tugboat services at Phu My and Cai Mep ports, located in the suburbs of
Trelleborg adds new chief financial officer
Trelleborg Group has appointed Fredrik Nilsson as new chief financial officer. He will assume the position during the first quarter of 2021. Nilsson will succeed Ulf Berghult, who has decided to leave his position to take up work outside the group. Ulf will complete the 2020 year-end report before l
NKT scoops up Shetland link prize
NKT has landed a €235-million contract from SSEN Transmission to deliver and install an interconnector to the Shetland HVDC Link project. The turnkey order comprises the manufacturing of approximately 2×260 kilometres of 320 kV high-voltage DC on-and-offshore power cables. It also includes installat
Mersey Tidal Power project gets new director
Industry veteran, Martin Land, has been appointed as project director for the Mersey Tidal Power project. Metro Mayor of the Liverpool City Region Steve Rotheram announced the appointment. Martin has over 30 years’ project experience across energy and infrastructure roles including consenting, devel
South Korea’s president reaffirms 12 GW of offshore wind by 2030 goal
President of South Korea Moon Jae-in has pledged to expand the country’s offshore wind power capacity from the current 124 MW to 12 GW by 2030, according to local media. Moon announced his pledge on Friday, 17 July, during a visit to a turbine research center and the operational 60 MW Southwest Offs