Business & Finance
GALLERY: Lukoil installs jackets for ice-resistant platform in Caspian Sea
Russia’s Lukoil has completed the installation of the jackets of the fixed ice-resistant platform at the V.I. Grayfer field in the Caspian Sea.
Ocean Yield to book $130 million in impairments for two vessels
Ocean Yield expects to book impairments of $130 million in total for an FPSO and offshore construction and cable-lay vessel.
Equinor selects Aibel for Krafla engineering study
Aibel has been awarded a field engineering, concept optimisation and definition study for Equinor’s unmanned process platform at the Krafla field.
Petrofac nets new 5-year deal with Ithaca Energy
Oil and gas company Ithaca Energy has signed a five-year integrated services contract with oilfield services provider Petrofac.
Ocean Winds and Ignitis to jointly bid for Lithuania’s first offshore wind farm
Lithuania’s state-controlled energy holding company Ignitis Group has selected Ocean Winds as a strategic partner for the development of offshore wind farm projects. Ocean Winds, an offshore wind joint venture between Engie and EDPR, and Ignitis Group aim to jointly participate in the first auction
Turkey bringing in another drillship for Black Sea ops
Turkey is bringing in another drillship for operations in the Black Sea only weeks after announcing a giant gas discovery in the area.
Neptune Energy gets nod to drill Norwegian Sea well
The Norwegian Petroleum Directorate (NPD) has issued a drilling permit to Neptune Energy for well 6406/12-G-1 H located in the Norwegian Sea.
Shelf Drilling cancels charter with China Merchants for two jack-up rigs
Offshore drilling contractor Shelf Drilling has terminated a bareboat charter agreement with China Merchants for two jack-up drilling rigs.
Well-Safe to create 100 new jobs after buying Seadrill rig for P&A projects
Well-Safe Solutions has acquired the West Epsilon jack-up rig from Seadrill sparking another job boost for the company. Namely, this move will create around 100 new jobs.
Lundin backs Ocean Harvesting Technologies
Swedish wave energy tech developer Ocean Harvesting Technologies has secured a €300,000 investment from Lundin Foundation. The investment matches a grant from the Swedish Energy Agency for the next development phase of the company’s InfinityWEC technology. InfinityWEC is a modular and scalable wave
Iberdrola and Enea scrap Polish offshore wind pact
Spain’s Iberdrola and Poland’s Enea Group have decided to terminate exclusive talks on jointly pursuing offshore wind projects in Poland. Back in June, Enea and Iberdrola signed a Letter of Intent (LoI) to jointly develop offshore wind projects in the Polish Baltic Sea with a possible total capacity
Aker Solutions wins North Sea extension with ConocoPhillips
Aker Solutions has secured a three-year contract extension to an existing framework agreement with ConocoPhillips in the North Sea.
Cloudberry gets all clear to buy Swedish offshore wind farm
Norwegian renewable energy company Cloudberry Clean Energy AS has received a 100 per cent acceptance for its offer to the shareholders in Scanvind2 AS. Scanvind2 AS is the holding company of the Rewind Vänern offshore wind project. The settlement of the shares in Scanvind2 AS will be a combination o
Offshore wind project costs decrease with bespoke vessels and lower oil & gas activity
The rising number of purpose-built offshore wind vessels has a direct impact on the costs of offshore wind projects, as the sector is getting more room to use its own fleet instead of deploying vessels from the oil & gas industry, which can be costly if high oil price is driving increased oil & gas