Business & Finance
Irish offshore wind farm hires project director
EDF Renewables and Fred. Olsen Renewables have appointed Arno Verbeek as the Project Director for the Codling offshore wind project in Ireland. Verbeek will lead the development, construction and operational phases of the Codling Wind Park (CWP). According to the project developers, Verbeek has exte
Scorpio Tankers secures scrubber, sale & leaseback financing
Tanker owner and operator Scorpio Tankers has finalized commitments from three financial institutions and has received a new commitment for a scrubber financing facility. The financing facilities are expected to increase the company’s liquidity by approximately $82 million. Specifically, Scorpio has
OKEA enters Neptune’s license near Draugen field
Oil and gas company OKEA has signed a sales and purchase agreement (SPA) with Neptune Energy for the acquisition of a 30 per cent working interest in offshore license PL938.
Solstad Offshore gets charter extensions from Equinor and Aker BP
Norwegian vessel owner Solstad Offshore has won contract extensions for two of its vessels with oil companies Equinor and Aker BP.
Yamal LNG debt service guarantees removed
Russia’s largest independent natural gas producer Novatek has reached another milestone on its Yamal LNG project.
Thailand’s Gulf Officially Takes 50 Per Cent Stake in German Offshore Wind Farm
Thailand’s Gulf Energy Development Public Company Limited has officially taken over the 50 per cent stake in the Borkum Riffgrund 2 offshore wind farm from Global Infrastructure Partners. In July, Gulf acquired 50 per cent shares of Borkum Riffgrund 2 Investor Holding (BKR2) through its subsidiary G
Aker Solutions nets Edvard Grieg electrification deal
Norwegian oilfield services provider Aker Solutions has signed an engineering, procurement, construction, and integration (EPCI) contract for a high-voltage electrical boiler package as part of the electrification of Lundin Energy’s Edvard Grieg platform.
Fluxys Belgium posts H1 profit jump
Fluxys Belgium, the operator of the Zeebrugge LNG terminal on Wednesday reported a jump in profit for the first half of the year. Net profit rose from €31.4 million ($36.6 million) to €36.6 million ($42.7 million). Fluxys noted in its report that its turnover in the first six months rose €24.1 milli
Archer wins four-year extension with Apache in North Sea
Archer has secured a four-year contract extension with Apache for the provision of platform drilling operations & maintenance services in the UK North Sea.
Eidesvik scores one-year extension for Viking Lady PSV
Offshore vessel operator Eidesvik Offshore has been awarded a contract extension for its Viking Lady platform supply vessel.
Germans and Scots set up offshore wind and green hydrogen co-op
German wind industry association WAB e.V. has signed a three-year cooperation agreement with Scottish partner DeepWind to collaborate for the expansion of offshore wind and the development of a market for green hydrogen from wind energy. WAB and DeepWind plan to exchange and analyze information, exp
Interventek scoops up Baker Hughes contract
Subsea systems technology specialist Interventek has secured an initial eight-figure contract from Baker Hughes. Specifically, the deal will see Interventek supply multiple API-17G qualified 7.375” 10,000psi in-riser landing strings. The landing strings will incorporate within Baker Hughes’ subsea s
Neptune makes first step in offshore execution of North Sea project
Neptune Energy and its joint venture partners BP and JAPEX have started the subsea construction phase of the Seagull tie-back project, which is located in the North Sea.
BP rides the wave of digitalization with reduction in operating costs and revenue boost on the horizon
BP has been doing its part to unlock the value of technology and tap into its benefits. This has become especially noticeable during 2020 with plans to become a net-zero company by 2050.