News
Survey: Subsea industry sees sales, recruitment fall. All eyes on exports
Subsea UK, the industry body representing firms dealing with subsea oil and gas business, has conducted a snapshot survey which shows a steep drop in sales, and recruitment drive, since the oil price collapse. Regardless, the UK subsea industry has maintained its investment in technology and looks t
Walcon Marine Completes Berthing Facilities at Great Yarmouth for Dudgeon Vessels
Walcon Marine has completed berthing facilities at Great Yarmouth for vessels supporting the build and future maintenance of the 402 MW Dudgeon offshore wind farm. This forms part of the infrastructure of the purpose-built Operations & Maintenance base for the wind farm, which will provide 24/7 acce
Norwegian firm boasts new seismic spread world record
Norwegian seismic specialist has boasted with what it claims to be the world’s largest seismic spread.
MAKE: Wind Market Outlook Split in Two Growth Periods
Two distinct growth periods, 2016 to 2020 and 2021 to 2025, split the wind power market’s global outlook in MAKE’s latest report due to upgrades to both the China and US markets that erase a previously expected growth peak in 2018. MAKE has upgraded the 2016 to 2020 outlook by 5.5%, due largely to a
MAKE: Wind Market Outlook Split in Two Growth Periods
Two distinct growth periods, 2016 to 2020 and 2021 to 2025, split the wind power market’s global outlook in MAKE’s latest report due to upgrades to both the China and US markets that erase a previously expected growth peak in 2018. MAKE has upgraded the 2016 to 2020 outlook by 5.5%, due largely to a
Eni hits more gas off Egypt
Eni of Italy on Thursday said it has made a new discovery in the Baltim South West exploration prospect, located in the Baltim South license, in the Nile Delta, offshore Egypt.
Unions to ballot North Sea workers over strike action (UK)
Wood Group workers employed aboard Shell’s North Sea platforms are set to be balloted over a potential strike action. Unite, Scotland’s largest workers’ union, will ballot more than 200 North Sea oil rig workers for strike action in a dispute with the Wood Group over, what the union describes as “a
Dong Energy market cap at $15B. Set for Copenhagen debut
Danish energy company Dong Energy has completed its Initial Public Offering. Admission to trading in and official listing on Nasdaq Copenhagen of the shares of DONG Energy is expected to take place on June 9 2016. The company said that the final offer price was DKK 235 per offer share, valuing the c
Statoil makes minor North Sea gas find
Statoil of Norway has on Thursday made a minor gas discovery in the 30/11-13 wildcat well, drilled by the Songa Delta drilling rig, southwest of the Oseberg South field in the North Sea.
Braemar Engineering names new managing director
Braemar Shipping Services Group informed that its unit Braemar Engineering appointed its executive vice president, Sheila McClain as its new managing director.
Photo of the Day: Block Island Turbine Towers Lined Up in Providence
GE Renewable Energy has shared a photo showing offshore wind towers for the 30MW Block Island wind farm being arranged in a line in Providence after completing their journey from Europe to Rhode Island, US. The five-turbine offshore wind farm is being developed by Deepwater Wind some three miles off
EC approves Primagaz’s acquisition of PitPoint LNG shares
The European Commission has on Wednesday approved the acquisition of 50 percent of the shares of PitPoint LNG by the Dutch LNG distributor Primagaz.
Balfour Beatty to Build Substation in Blyth
Balfour Beatty will construct an electricity substation at Blyth for the Blyth Offshore Wind Demonstrator project, developed by EDF Energy Renewables. The power generated by the wind farm will be supplied to the substation for transmission to the National Grid. The turbines will provide enough low c
IEA: Next five years to reshape global gas trade
The next five years will bring a reshaping of the global gas trade, the International Energy Agency (IEA) said Wednesday in its 2016 Medium-Term Gas Market Report. New liquefied natural gas (LNG) supplies are coming online just as demand growth in some major markets weakens, resulting in major shift