Business & Finance
UK well engineering firm adds new operatorship division
UK’s well engineering and project management specialist Fraser Well Management (FWM) has launched a new well operatorship division.
Statkraft to buy electricity from Seagreen offshore wind project
Statkraft has signed a long-term power purchase agreement (PPA) to purchase 50% of the output from the 1,075 MW Seagreen offshore wind project in Scotland. Statkraft said that the deal is the largest in its UK PPA portfolio, which now stands at 10TWhs. “As part of our project financing we required a
Indonesian regulator confirms Shell Abadi LNG exit talks
Indonesian upstream regulator SKK Migas has confirmed Shell is in talks to withdraw from Indonesia’s proposed Abadi LNG export project. The Inpex-operated giant Abadi LNG project has seen many changes over the years and initially the development of the Masela offshore block involved a floating LNG p
Offshore wind third most popular for corporate power purchase agreements in Europe
Offshore wind is the third most opted for energy source for corporate power purchase agreements (CPPAs), according to a survey of the European CPPA market carried out by law firm Fieldfisher. Some 54 per cent of survey respondents said they would consider signing a power purchase agreement (PPA) for
MSC refutes damning claims on its emissions from Transport & Environment’s report
Mediterranean Shipping Company (MSC) voiced its disapproval of the recent findings from a report issued by the European green group Transport & Environment (T&E) which claims the container carrier was the top 7th carbon emitter in the EU. According to the group’s report, MSC overtook Ryanair and two
Burbo Bank Extension Community Fund passes £1 million milestone
Ørsted has awarded ten local organizations around Liverpool Bay, the UK, with grants from the milestone tenth round of the Burbo Bank Extension Community Fund. This latest round takes the total number of projects supported to 126, with total funds awarded now standing at over £1.1 million since the
Equinor finds gas and condensate in North Sea well
Equinor has discovered gas and condensate in an exploration well 30/2-5 S Atlantis, which is located near the Kvitebjørn field in the North Sea.
MingYang launches offshore wind business & engineering centre in Hamburg
MingYang has established a business and engineering centre in Hamburg, Germany, with an aim to introduce its latest offshore wind turbine products into the European market. The Chinese wind turbine manufacturer said that it was motivated by the growth of the offshore wind market in Europe, and that
EIA: US LNG exports to dip to just 25 pct capacity
US LNG exports are expected to nosedive in July and August due to a weak global market hit by the Covid-19 pandemic, according to the EIA. The agency said in its newest short-term energy outlook that US LNG exports averaged 3.6 Bcf/d in June and expects that they will average 2.2 Bcf/d in July and [
North Sea exploration: Risk appetite remains despite low oil prices
The North Sea has been a cash cow for the UK and Norway contributing to their economies for over half a century.
MSC joins Smart Maritime Network
Container shipping major Mediterranean Shipping Company (MSC) has joined the Smart Maritime Network, an industry membership group focused on increasing the compatibility, standardization, and harmonization of the technology used in the shipping industry. “While a variety of digital innovations and I
Seacor Marine completes buy of remaining stake in SEACOSCO JV
U.S. offshore support vessel provider Seacor Marine has completed the acquisition of the remaining 50 per cent of the equity interests in SEACOSCO Offshore from COSCO Shipping.
Icon Offshore in talks with Perisai to buy jack-up rig
Malaysian offshore support vessel provider Icon Offshore has confirmed it is in the process of negotiating the acquisition of Perisai Petroleum Teknologi’s jack-up drilling rig.
GWEC launches Floating Offshore Wind Task Force
The Global Wind Energy Council (GWEC) has launched the Floating Offshore Wind Task Force with the aim to accelerate the growth of the sector. The first actions will be to define the priority markets for offshore wind, and engage with relevant local associations, policymakers and NGOs in the fishing,