Business & Finance
RWE greenlights £ 3 billion Sofia offshore wind farm
RWE has taken the financial investment decision on the 1.4 GW Sofia offshore wind farm project in the UK. The 100 per cent RWE-owned project represents a total investment of approximately £ 3 billion (€ 3.48 billion). The company is now poised to forge ahead with the construction of Sofia, with onsh
ICE launches two Spark Commodities’ based LNG freight futures contracts
Intercontinental Exchange said that the LNG freight futures contracts based on Spark Commodities’ price assessments which launched on March 22, traded on the first day.
Vår Energi to use Floatel Superior on Balder field
Norway’s Petroleum Safety Authority has given Vår Energi consent to use the Floatel Superior as a mobile quarters facility on the Balder field off Norway.
Damen and MO4 pair up for offshore wind vessel digitalization
Damen Shipyards Group has partnered with MO4 to pair its Triton monitoring platform with MO4 motion forecasting service for the offshore wind sector. This strategic alliance aims to offer data analytics-based services, expected to make vessel operations more effective and safety levels to increase.
Aker BP, Eni to explore Alvheim area resource potential
Aker BP UK, a subsidiary of Aker BP, has entered into an agreement with Eni to take over a 50% interest in a licence located in the greater Alvheim area.
3t Energy to manage training of Chrysaor’s entire UK workforce
3t Energy Group has secured a contract with Chrysaor to manage the training of its entire UK workforce using the latest digital learning technologies.
NHV inks offshore contract with PSE Kinsale Energy in Ireland
Offshore helicopter provider NHV Group has won a contract with PSE Kinsale Energy in support of its decommissioning operations in the Celtic Sea.
UK pledges not to leave oil & gas workers behind as landmark North Sea transition deal is agreed
The UK gov’t has pledged that oil & gas workers and the supply chain will not be left behind in transition to low carbon future as North Sea Transition Deal is agreed.
Borr Drilling adding $48 million to contract backlog
Borr Drilling has entered into agreements potentially adding a total of $48 million over approximately 590 days to its contract backlog.
Offshore drilling set for two consecutive years of growth, Rystad says
After a challenging 2020, oil and gas demand recovery – supported by vaccinations and OPEC+ cuts – is proving good for drilling activity, Rystad said.
UK plans phase 2 of offshore wind farm radar risk mitigation competition
The UK’s Defence and Security Accelerator (DASA) is set to launch the second phase of its competition for technologies that mitigate radar risk of offshore wind farms. The Windfarm Mitigation for UK Air Defence competition seeks proposals that can develop technologies to permit the coexistence of fu
EIB bankrolls second French offshore wind project
The European Investment Bank (EIB) has approved a EUR 350 million loan for the construction of the 450 MW Calvados offshore wind farm in France. The EUR 2 billion project, also known as Courseulles-sur-Mer, is being developed by the Eoliennes Offshore du Calvados (EODC) consortium of EDF Renewables,
Hapag-Lloyd readies sustainability-linked senior note
German container shipping major Hapag-Lloyd AG revealed plans to issue a sustainability-linked corporate senior note in the amount of EUR 300 million (about $357 million).
Drilling stops on Wintershall Dea field after serious rig incident
An investigation has been launched following a serious incident on the West Mira rig, which happened while the rig was working for Wintershall Dea.