News
IOG boosts resource estimates for two North Sea licenses
Independent Oil and Gas (IOG) has increased its internal resource estimates for Elgood and Harvey licenses and secured extensions for Harvey and Skipper, all located in the North Sea. The development and production focused company said on Friday the resource increase was based on work undertaken by
National Oilwell Varco absorbs Fjords Processing
Akastor ASA, an oil service investment company, has completed the sale of Fjords Processing to National Oilwell Varco (NOV). The definitive sales agreement between the parties signed on October 27, 2016, was for a debt- and cash-free consideration of NOK 1.2 billion ($145.2 million). The transaction
Sweden says No! to Nord Stream 2 pipeline
Nord Stream 2 pipeline project that will carry Russian gas to the EU through the Baltic Sea, has hit a stumbling block. Namely, the authorities of the Swedish Region Gotland and the municipality Karlshamn have decided not to sign an agreement for the utilization of their respective harbours – Slite
DONG Energy Invests in UK Tower Factory, Secures Preferred Access Rights
DONG Energy is making a a multi-million pound investment in CS Wind’s new offshore tower manufacturing facility in Campbeltown, Scotland, which will give DONG Energy preferred access rights to towers for its offshore wind farms. The factory will be able to produce at least 50 towers a year and 70 jo
Video: Wärtsilä progresses Tornio Manga LNG terminal construction
Finnish LNG specialist, Wärtsilä, has continued the development of the Tornio Manga LNG terminal at the Port of Röyttä.
EIB Earmarks EUR 438 Million to Bring Norther OWF Forward
The European Investment Bank (EIB) will support the construction of the Norther wind farm off the Belgian coast with a loan of EUR 438 million, with half of the amount to be guaranteed under the European Fund for Strategic Investments (EFSI). The total cost of the project is estimated to be EUR 1.1
One offshore worker dead, nine missing after accident in Caspian Sea
One offshore worker has been killed and nine are missing after an accident offshore Azerbaijan when a part of an oil installation collapsed due to strong winds. The country’s state-owned oil company Socar said the accident happened in the Caspian Sea on the morning of December 15, 2016. The accident
Shell CFO Simon Henry leaves, Jessica Uhl to take over
Royal Dutch Shell said that after more than seven years in the role, Simon Henry will conclude his service as Chief Financial Officer of the company and will be succeeded by Jessica Uhl.
Total joins multi-sector LNG coalition
France’s Total is the next oil and gas major to join the SEALNG, a multi-sector industry coalition advocating the widespread adoption of LNG as a marine fuel.
All 32 8MW Turbines Installed at Burbo Bank Extension
Last night, A2SEA’s Sea Installer completed the installation of 32 MHI Vestas 8MW turbines at DONG Energy’s Burbo Bank Extension in the Irish Sea. At 8:25PM GMT yesterday, the final blade on turbine 32 at Burbo Bank Extension was lifted into place. The 258MW wind farm off the coast of Liverpool, UK
Spotted: Giant Boxship Moors in Port of Koper
Slovenia’s Port of Koper welcomed recently MSC Paloma, which is said to be the largest container vessel that has entered the Adriatic Sea. The 14,028 TEU boxship was built by South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) in 2010. Until now, the record at the Port of Kope
Iqarus opens offshore medics training center in Aberdeen
Healthcare and medical solutions company Iqarus has launched a new training center for offshore medics, emergency response teams, and people who work in remote and challenging environments. Iqarus said on Thursday that over £1 million ($1.25 million) was invested in the design and construction of th
Chevron Terminates Rosebank FPSO Order
US oil major Chevron has canceled floating production, storage and offloading (FPSO) vessel order for the Rosebank oil and gas project. Hyundai Heavy Industries (HHI), who in April 2013 secured the contract for the design verification, detailed design and full engineering, procurement and constructi
Maersk, DONG oil and gas merger talks stall over price – sources
Talks between shipping group A.P. Moller-Maersk and DONG Energy to merge their oil and gas business have stalled after the two Danish firms could not agree on a price, industry and banking sources said on Wednesday.