Business & Finance
Aker Solutions to deliver subsea production system for Equinor’s Askeladd
Aker Solutions has received a letter of intent from Equinor to deliver the subsea production system for the next phase of the Askeladd natural gas development in the Barents Sea in northern Norway.
Belgium breezes past Denmark in offshore wind capacity rankings
Belgium has surpassed Denmark in terms of the installed offshore wind capacity and is now ranked fourth in the world, Belgian Offshore Platform (BOP) said. Following the commissioning of the 219 MW Northwester 2 wind farm in May, Belgium now has 1,775 MW of installed offshore wind capacity, compared
Mermaid targets Thai decommissioning market with new business unit
Mermaid Maritime has established an Offshore Transportation, Installation, and Decommissioning services business unit, targeting work opportunities in the Gulf of Thailand.
Petronet LNG boasts record profit in FY 2019-2020
Petronet LNG, India’s largest importer of liquefied natural gas, reported record profit after tax as well as LNG terminals activity during the financial year ending March 31, 2020.
Kvaerner hired to recycle three Aker BP’s platforms
Kvaerner has been awarded by Allseas a contract to dismantle and recycle three large topsides, three jackets, and four bridges from Aker BP’s Valhall and Hod fields located offshore Norway.
Report: STX Offshore rolls out early retirement plan to address ordering slump
Korean shipbuilder STX Offshore & Shipbuilding Co is planning to reduce its workforce to adapt to lower demand by launching a voluntary retirement plan, Yonhap reported citing a statement from the shipyard. Workers at the yard have been on strike since May amid dissatisfaction with unpaid furloughs
Petrobras hits production record in Búzios field
Brazilian oil and gas company Petrobras has reached a production record on its operated Búzios field located in the Santos Basin pre-salt offshore Brazil.
Qatargas delivers first Q-Flex cargo to Adriatic terminal
LNG giant Qatargas said it recently delivered the first cargo on a Q-Flex carrier to the Adriatic import terminal in Italy. The Adriatic LNG terminal received the shipment from the 216,000-cbm Tembek on June 21. The Qatargas-chartered and Nakilat-owned carrier previously loaded the cargo at Qatar’s
Airswift eyes offshore wind sector with Vietnamese joint venture
Workforce solutions provider Airswift has formed a joint venture with Source of Asia (SOA) in Vietnam with an aim to target the offshore wind sector. SOA will provide on-the-ground support to Airswift’s candidates and clients working in the region’s offshore wind market. Together, the companies plan
DFDS lays off 650 employees
Danish ferry and logistics company DFDS will lay off around 650 people in the coming months as part of its measures aimed at adapting to post COVID-19 market conditions. DFDS currently employs around 8,600 people. The pandemic has had a crushing effect on the passenger transport sector amid strict t
LLOG sanctions Taggart discovery in Gulf of Mexico
LLOG has sanctioned its Taggart discovery and signed a production handling agreement for development via tieback to the Williams-owned Devils Tower Spar in the Gulf of Mexico.
UK offshore container provider expands into Taiwan
The UK-based offshore container provider Cargostore has opened a container depot in the Port of Taichung to support the upcoming offshore wind projects in Taiwan. The company has expanded into Taiwan in partnership with Rhenus Offshore Logistics and Maxlines New Energy & Project Logistics. Cargostor
MV Werften back to safe waters as it gets emergency funding
MV Werften gets emergency funding from banks
Equinor prepares for test well on North Sea discovery
Norwegian oil and gas giant Equinor has received consent from the country’s offshore safety regulator to use the Deepsea Atlantic rig on the Peon discovery located offshore Norway. The Petroleum Safety Authority (PSA) said on Monday that Equinor would use the Deepsea Atlantic to drill a test well on