News
Works on Hywind Scotland Foundations in Full Swing
Navantia started welding together the first blocks for the first Hywind Scotland floating foundation at the assembly area of its Fene yard in Spain. Each of the five spar-type floating foundations will be made of five blocks, and Navantia currently has around 15 blocks in different fabrication stage
Atlantic Petroleum mulls Orlando options
Faroese oil company Atlantic Petroleum is looking at options for the Orlando field in the UK sector of the North Sea after a deal to sell its stake to Bridge Petroleum fell through last Thursday. Earlier this year, Atlantic Petroleum entered into a sale and purchase agreement with Bridge Petroleum f
Report: JBIC to loan $211 million to Yamal LNG
The Japan Bank for International Cooperation is readying a €200 million (Approx: US$211.5 million) loan for the Novatek-operated Yamal LNG project in Russia.
IEA vows to bring more transparency into LNG market
While the globalization of natural gas has been boosted by the rise of LNG market, the energy security implications of this development have been less scrutinized.
UK: Hammond gives no further support to oil & gas sector
The UK Chancellor of the Exchequer Philip Hammond on Wednesday presented his first and last Autumn Statement reaffirming the government’s commitments to UK’s oil and gas sector without adding any new significant commitments. Namely, the Chancellor said in his speech on Wednesday: “We will deliver th
Po Valley lands preliminary production concession for gas field off Italy
Australian oil & gas exploration, development, and production company Po Valley Energy has been awarded a preliminary production concession for the company’s 47 billion cubic feet (bcf) offshore Teodorico gas field in the northern Adriatic Sea. Po Valley said on Thursday that the offshore production
Technip, FMC merger given EU clearance
LNG-engineer Technip and Houston-based FMC Technologies on Wednesday said they have cleared another hurdle for their proposed combination by receiving the clearance from the European Commission.
Akastor concludes Mitsui partnership deal
A joint venture between the oil service investment company Akastor and Japanese investment company Mitsui has been approved and concluded. Akastor reported on Thursday November 24 that the agreement with Mitsui & Co., Ltd (Mitsui), and Mitsui O.S.K. Lines, Ltd. (MOL), to create a joint venture with
Wikinger Update: Navantia Sends Off Last Jackets, Turbine Parts Arriving in Sassnitz
Works on Iberdrola’s Wikinger offshore wind project are in full swing as the foundation installation is underway and is expected to be completed soon, as Bladt and Navantia dispatched their final jacket foundations and first components of Adwen 5MW wind turbines arrived at the Port of Sassnitz-Mukra
Lukoil adds more oil to V. Filanovsky production
Russian oil firm Lukoil has completed the third well at offshore Vladimir Filanovsky field in the Caspian Sea, the horizontal section of the well is 1,217 meters long. The well flow is around 3,000 tons of crude oil per day, the company said. The field, 220 km away from the city of Astrakhan, now ha
BIMCO Greenlights Ship Financing Term Sheet
International shipping association BIMCO’s Documentary Committee approved a standard term sheet for use in ship financing transactions on November 17, 2016. BIMCO said that the term sheet has been drafted as “a short and simple” standard for use in bilateral ship financing transactions concerning te
Maersk Oil exits Bagpuss, Blofeld licenses
After Premier Oil decided to back away from the Bagpuss license in the North Sea in September, the time has come for Maersk Oil to do the same. According to North Sea Energy, Maersk Oil has decided not to renew the Bagpuss and Blofeld Licence P. 1943 in the UK North Sea. North Sea Energy […]
Siemens Celebrates Topping Out in Cuxhaven, Hull Factory to Start Operation Next Week
Siemens held the topping out ceremony for its new wind turbine manufacturing facility in Cuxhaven, Germany, today. The structural steel uprights now stand for the production building in Cuxhaven, which will offer 56,000 square meters of floor space. A two-story building enclosing some 3,800 square m
Siemens Celebrates Topping Out in Cuxhaven, Hull Factory to Start Operation Next Week
Siemens held the topping out ceremony for its new wind turbine manufacturing facility in Cuxhaven, Germany, today. The structural steel uprights now stand for the production building in Cuxhaven, which will offer 56,000 square meters of floor space. A two-story building enclosing some 3,800 square m