Business & Finance
Smulders produces 2,000th transition piece
Smulders has produced its milestone 2,000th transition piece, destined for the Saint-Nazaire offshore wind project in France. Smulders says it started with the production of the 2,000th transition piece this month, which is barely six years after celebrating the 1,000th transition piece. The milesto
Germany adds (only) 219 MW of offshore wind to its grid in 2020
Germany saw 32 offshore wind turbines with a total capacity of 219 MW connected to the grid in 2020, with no new wind turbines erected in the second half of the year, according to the figures published by Deutsche WindGuard on 21 January. In total, 1,501 offshore wind turbines with a capacity of 7,7
Rystad: Oilfield services sector will struggle to repeat former glory amid energy transition push
The Covid-19 pandemic caused the value of 2020’s awarded contracts to slump to a 16-year low, according to Rystad Energy.
Energean could push back first gas from Karish to 2022
Oil and gas company Energean has informed that first gas from its Israeli fields could start flowing in the first quarter of 2022, instead of the current target of around year-end 2021.
Wintershall Dea curbs Dvalin gas flows over mercury issues
Wintershall Dea has decided to postpone the commercial gas production from its Dvalin field due to a high level of mercury in the gas flow.
NEO Energy in talks to buy ExxonMobil’s North Sea assets
HitecVision’s NEO Energy has entered into exclusive negotiations to buy ExxonMobil’s upstream assets located in the central and northern North Sea.
EnQuest takes over Bressay field operatorship
Oil and gas company EnQuest has completed the acquisition of the Bressay field interest from Equinor and taken over field operatorship.
Dolphin rig lands new deal in Norway
Dolphin Drilling has secured another rig contract with a new Norwegian operator. This time with INEOS Energy on the Norwegian Continental Shelf.
Green Hydrogen Systems to deliver electrolysers for H2RES project
Ørsted has chosen Denmark-based Green Hydrogen Systems (GHS) as the supplier of electrolysis technology for the H2RES offshore wind-to-hydrogen demonstration project. The 2 MW electrolysis plant at the Avedøre Power Station will be built around GHS modular electrolysers powered by two 3.6 MW offshor
UK offers best profitability for development of big offshore fields, Rystad says
The UK offers operators best profit conditions to develop big offshore fields and Kuwait and Canada follow, according to Rystad Energy.
UK subsea sector optimism continues to improve
The latest survey on the UK’s Subsea sector has revealed an improved outlook for the industry with less anticipated redundancies, greater optimism and new geographical markets. Industry body, Subsea UK, surveyed its 300 members in early July and then again in late November 2020 to provide insight in
U.S. imposes sanctions on vessel set to work on Nord Stream 2 pipeline
The United States on Tuesday imposed sanctions on a ship involved in building the Nord Stream 2 pipeline, as the Trump administration sought to raise pressure on the project on its last day in office.
Ørsted takes final investment decision on green hydrogen project
Ørsted has taken a final investment decision (FID) on the H2RES green hydrogen demonstration project in Denmark and expects first hydrogen production in late 2021. The project, to be built at Avedøre Holme in Copenhagen, will comprise a 2 MW electrolysis plant with appurtenant hydrogen storage, with
Cyprus to cut annual tonnage tax for ships that reduce their environmental impact
The Cyprus Shipping Deputy Ministry (SDM) is launching a range of green incentives to reward vessels that demonstrate effective emission reductions. From the fiscal year 2021, annual tonnage tax will be reduced by up to 30% for each vessel that demonstrates proactive measures to reduce its environme