Business & Finance
Manor Renewable Energy adds new survey vessel to fleet
Manor Renewable Energy (MRE) has purchased the Isambard Brunel, a new survey vessel that will join the company’s fleet. The vessel will be renamed Manor Brunel and will undergo engineering works, survey equipment updates and repainting at the Manor Marine site in Portland, Dorset, following the firs
BP and EnBW set sights on Scottish offshore wind
UK oil major BP and the German energy company EnBW will be taking part in the upcoming ScotWind seabed leasing round in Scotland. The companies have now launched a bespoke online portal for the Scottish engineering and supply sector, as they aim to expand their partnership’s offshore wind portfolio
Dolphin rig to drill HPHT well for Wellesley
Dolphin Drilling has secured a Letter of Intent with Wellesley Petroleum for the drilling of an HPHT exploration well on the NCS.
NKT investing €150M in its power cable factories
NKT is investing more than €150 million in the expansion of its high-voltage power cable production sites and logistics to execute on a record high order backlog. The investment program will see a new high-voltage power cable test center in Cologne, Germany, and the construction of a new extrusion t
Fratelli Cosulich orders LNG bunkering vessel in China
Italy’s Fratelli Cosulich Group has made its official entrance into the LNG bunkering market with the order for the construction of an LNG bunkering vessel. The announcement confirms market rumors that have emerged earlier this year hinting the company was diversifying its operations with a foray in
Hutchison Ports seals acquisition of APM Terminals Rotterdam
Hutchison Ports Netherlands B.V., a subsidiary of Hutchison Ports, has signed an agreement to acquire the Rotterdam container terminal APM Terminals Rotterdam (APMTR) from APMT. APMTR is located adjacent to Hutchison Ports’ existing ECT Delta terminal in the Maasvlakte area of Europe’s largest port.
Total picks Bilfinger for inspection services off Denmark
Engineering and services group Bilfinger has been hired by oil major Total for inspection services on its assets offshore Denmark.
ExxonMobil, Shell get $2.4 billion in subsidies for carbon storage project
The Dutch government has granted a consortium that includes oil majors Shell and ExxonMobil around $2.4 billion in subsidies for what will be one of the largest carbon capture and storage (CCS) projects in the world.
Equinor adds extra well to Odfjell rig backlog
Norwegian oil and gas giant Equinor has exercised one additional well for the Odfjell Drilling-owned Deepsea Atlantic rig.
No oil for Harbour Energy after two-well North Sea campaign
Harbour Energy has drilled a dry exploration well on the Ilder prospect off Norway, ending a two-well campaign with disappointing results.
Alfa Laval to take over StormGeo
Swedish-based Alfa Laval will acquire StormGeo, a Bergen-based developer of weather intelligence software and decision support services, as part of a push to accelerate its digital services offering and decarbonization tools portfolio. The purchase price amounts to approximately MNOK 3,630 ( $442 mi
Archer buys Norwegian well intervention player
Archer has signed a sale and purchase agreement to acquire DeepWell based on an enterprise value of NOK 177 million.
In focus: Recent developments in the energy transition race
With the In focus column, Offshore Energy delivers a weekly snapshot containing the most relevant energy transition items.
Spanish-Japanese company unveils 500 MW floating wind plan in Scotland
A Spanish-Japanese company has unveiled plans for a 500 MW floating wind farm in the North East of Scotland and is now looking for a financial partner to develop and build the project. The company, with head offices in Madrid and Tokyo, announced on 5 May that it had begun the process of searching f