Business & Finance
Putin bans oil sales to countries abiding by the price cap
Russian President Vladimir Putin signed an Executive Order on Tuesday, December 27, banning the sale of oil and oil products to foreign companies and individuals abiding by the price cap imposed by the Westrn nations. To remind, at the beginning of December, the Group of Seven (G7) nations and Austr
Wintershall Dea picks software for tracking drilling and well projects
German oil and gas company Wintershall Dea is set to implement AGR Software’s iQx time and cost estimation and tracking software for its drilling and well projects in Norway. According to Wintershall Dea, the development will play a role in enabling greater standardization for its well and drilling
Energinet and Elia launch tender for new North Sea interconnector
Danish and Belgian transmission system operators (TSOs) Energinet and Elia have issued a contract notice seeking environmental engineering consultancy services for the development of the subsea cable route for a new interconnector project in the North Sea. Elia and Energinet are developing the Trito
IOG sketches well plan for North Sea gas project
UK-headquartered IOG plc is planning to drill the second Blythe production well directly after the Southwark A1 well in the first half of 2023 as part of the Saturn Banks Project – Phase 1 in the UK Southern North Sea. In an announcement from 22 December, IOG stated that all subsea work had been com
Allseas to deliver ‘one of the heaviest offshore installation projects in history’
Allseas has won a contract with Aker BP for the delivery of offshore transport and installation (T&I) services for a new processing platform topsides facility with well bay area and living quarters. Allseas will provide offshore T&I services for the Hugin A PdQ, formerly NOA PdQ, processing platform
Siemens Energy to deliver converter stations for Ireland-France interconnector
Siemens Energy has secured a contract to deliver the high-voltage direct current (HVDC) transmission technology for the Celtic Interconnector that will link France and Ireland. The 700 MW Celtic Interconnector 320 kV VSC HVDC link will be approximately 575 kilometers long, of which the offshore elem
Lime Petroleum buys stake in Repsol’s North Sea field
Lime Petroleum, a Norwegian subsidiary of Singapore’s Rex International, has completed the acquisition of a stake in the Repsol-operated Yme field located offshore Norway. Lime Petroleum entered into a sale and purchase agreement with Kufpec Norway in August for the acquisition of a 10 per cent inte
Bomb scare diverts MSC Lorena from Antwerp
A criminal investigation is underway regarding a bomb threat on board a containership identified as MSC Lorena, the Dutch police confirmed. The vessel was diverted from the Port of Antwerp following a threatening phone call saying that a bomb would explode if the ship docked in the port, according t
Switching station for Shetland HVDC link taking final shape (Video)
The construction of the main building exterior of the new switching station for the Shetland HVDC Link has been completed. The next step includes Hitachi Energy installing its equipment. The Noss Head Switching Station will house the electrical components used in the Shetland HVDC link, which will a
Nordic Shipholding’s voluntary liquidation set in motion
Denmark-based shipowner Nordic Shipholding is moving forward with a voluntary liquidation process. The company informed earlier today that following an extraordinary general meeting held on December 23, the board of directors passed a proposal to liquidate the company by voluntary solvent liquidatio
Germany allocates €62 million for construction of three LNG bunkering ships
Germany’s Federal Ministry of Economics and Climate Protection (BMWK) has decided to fund the construction of three LNG bunkering ships with a total of around €62 million. The three ships, each with a capacity of 4,500 cubic metres, will be constructed by shipbuilder Flensburger Schiffbau-Gesellscha
Minimum 200 days of work for Normand Maximus next year
Solstad Offshore has received Letters of Award from subsea contractors for the construction support vessel (CSV) Normand Maximus that combined have a duration of minimum 200 days. The Norwegian company reported on 23 December that Normand Maximus had received Letters of Award from various undisclose
Minesto sets up O&M hub with port access for large-scale tidal power buildout
Swedish tidal energy company Minesto has signed a long-term lease agreement for strategic port access and onshore operations and maintenance (O&M) work site in the Faroe Islands.
Seadrill enters $958 million deal to acquire Aquadrill
Offshore drilling contractor Seadrill has entered into an agreement to acquire Aquadrill, formerly known as Seadrill Partners, in an all-stock transaction that values the UK firm at $958 million. Following completion, Seadrill shareholders and Aquadrill unitholders will respectively own 62 per cent