Business & Finance
Novatek posts lower quarterly production, sales
Russia’s largest independent natural gas and LNG producer Novatek reported a decline in both production and sales in the second quarter of this year. Novatek said Monday its natural gas production declined by 2.2 percent year-on-year to 18.5 billion cubic metres. The Russian company’s total producti
Vattenfall seeks permit changes for two Swedish offshore wind projects
Vattenfall is preparing to apply for permit changes related to the Stora Middelgrund offshore wind project in Sweden, acquired from Universal Wind in the spring of last year. The Stora Middelgrund project has a permit from 2008 which includes the construction of 108 8 MW turbines that are 200 meters
Shipbuilding in dire straits: global ordering hit hard in H1 of 2020
There has been a dramatic fall in the shipbuilding activity during the first half of 2020 as the COVID-19 pandemic curbed owners’ willingness to order new ships amid market uncertainties and restricted access to capital. Based on the data from VesselsValue, the number of ordered ships in the first h
Wellube gets new managing director
Engineering and pipeline maintenance expert Wellube has appointed Garry Kidd, as managing director. This follows a Unique Group company’s major rebrand as part of the renewal of the business, strategy and corporate vision. Kidd brings over 13 years of experience in senior leadership positions, of wh
Eni hands in decommissioning plan for six North Sea platforms
Italian oil and gas company Eni has submitted its plans for decommissioning of six platforms on the Hewett field to the UK authorities.
Contract cancellation, extensions, and warm-stack mode for Noble rigs
Noble Corporation has received several new contract extensions for its drilling rigs and cancellation of a drilling contract in Vietnam.
Minesto names new chairman
Swedish marine energy developer Minesto has elected Jonas Millqvist as its new chairman. Millqvist will replace Bengt Adolfsson who has served as chairman for the last four years. Bengt Adolfsson remains as board member of Minesto as the company’s largest shareholder. Jonas Millqvist is senior under
UK oil industry welcomes gov’t measures to save jobs
The UK’s offshore oil and gas industry’s representative body Oil and Gas UK has welcomed the introduction of the Job Retention Bonus and other moves by the country’s Chancellor of the Exchequer Rishi Sunak to support trainees and jobs for young people.
Hellenic Cables to deliver Seagreen OWF inter-array lines
Seaway 7 has selected Greece-based subsea cable manufacturer Hellenic Cables to deliver inter-array cables for the Seagreen offshore wind farm in Scotland. Under the contract with Seaway 7, the EPCI contractor for the project’s foundations and inter-array cables, Hellenic Cables will design, manufac
Neptune Energy gears up for Dugong sidetrack
Neptune Energy has decided to drill a sidetrack well to further evaluate the size of its Dugong discovery located in the Norwegian sector of the North Sea.
Build it, or buy it – Offshore wind CPPAs on the rise, ‘powered by renewables’ gains momentum
Is climate change pushing the corporate world to use as much renewable energy as possible? Or, is it because of financial reasons, such as long-term fixed prices? Or, is it „the brand kudos that comes with procuring energy from renewable sources“, as one recent report mentioned? If we are now moving
Northern Offshore Services boosts fleet with two CTVs
Northern Offshore Services (NOS) has acquired two crew transfer vessels (CTV) from Sure Wind Marine Limited. The CTVs SURE Diamond and SURE Dynamic are being renamed to M/V Master and M/V Mariner and will be part of the M-Class series, which now has four vessels. According to NOS, the vessels will c
SSE Renewables hires RPS for Berwick Bank, Marr Bank consenting activities
SSE Renewables has appointed RPS as the lead consultant for offshore Environmental Impact Assessment (EIA) and shadow Habitat Regulation Appraisal (HRA) for Berwick Bank and Marr Bank offshore wind projects, formerly known as Seagreen 2 and 3. RPS will lead the development of the Berwick Bank and Ma
Aker BP cleared to use Maersk rig for Hod pilot hole
Aker BP has received consent from the Petroleum Safety Authority to use the Maersk Invincible rig for operations on the Hod field offshore Norway.