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Business Developments & Projects

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Petrofac extends collaboration with Scottish repair, inspection and integrity solutions provider
Business Developments & Projects

Petrofac extends collaboration with Scottish repair and inspection solutions provider

Oilfield services provider Petrofac has signed a new master service agreement (MSA) with ICR Integrity, a Scotland-headquartered provider of specialist repair, inspection and integrity solutions, valued at over £1 million per annum. Under the MSA, initially awarded in 2019, ICR’s partnership with Pe

about 3 years ago
Scarabeo 8 rig; Source: Saipem
Business Developments & Projects

Aker BP’s North Sea well comes up dry

Aker BP has completed the drilling of an exploration well near the Edvard Grieg field in the Norwegian sector of the North Sea but failed to find hydrocarbons.

about 3 years ago
Conversion works on Greece’s first FSRU start at Keppel shipyard
Business Developments & Projects

Conversion works on Greece’s first FSRU start at Keppel shipyard

Conversion of GasLog’s DNV-classed LNG carrier Gaslog Chelsea, which was recently renamed as Alexandroupolis, to a floating storage regasification unit (FSRU) has kicked off at the Keppel shipyard in Singapore. This marks the beginning of the work to develop Greece’s first FSRU which will serve as a

about 3 years ago
FPSO Goliat; Credit: Øyvind Gravås/Vår Energi
Business Developments & Projects

Recent oil discovery in Barents Sea puts forward tie-back to existing FPSO

Vår Energi’s oil discovery near the Goliat field in the Barents Sea has brought the possibility of a tie-back to the existing infrastructure.

about 3 years ago
A photo of the Kincardine floating wind farm in Scotland featuring Principle Power's floating foundations
Business Developments & Projects

Flotation Energy, Vårgrønn take first permitting step for another oil & gas-powering floating wind farm

Flotation Energy and Vårgrønn, who recently filed a Marine Licence application for their 500 MW Green Volt floating wind farm in Scotland, have now submitted a Scoping Report for the 1.4 GW Cenos floating offshore wind farm to Marine Scotland. The developers have submitted leasing applications for b

about 3 years ago
Going with the FLOW – Damen concept aims to tackle the next generation of offshore wind
Business Developments & Projects

Going with the FLOW – Damen concept aims to tackle the next generation of offshore wind

Driven by ambitious targets and the drive for energy self-sufficiency, the offshore wind industry is gathering pace. As it grows, the developing sector faces challenges. Amongst these is the installation of turbines in deeper waters. Many areas planning offshore wind developments do not have the rel

about 3 years ago
Wilhelmshaven LNG terminal commences regular operations
Business Developments & Projects

Wilhelmshaven LNG terminal commences regular operations

Germany-based energy company Uniper has reported that, on 28 February 2023, the final acceptance audit took place at the Wilhelmshaven LNG terminal allowing for the start of regular operations as of 1 March 2023. The audit was made by the responsible authorities under the leadership of the Oldenburg

about 3 years ago
New partnership targets cutting costs of carbon capture and storage infrastructure
Business Developments & Projects

New partnership targets cutting costs of carbon capture and storage infrastructure

Technology group ABB and Pace CCS, a UK provider of engineering design to the CCS and blue hydrogen industries, have signed a partnership agreement to deliver a solution that reduces the cost of integrating carbon capture and storage (CCS) into new and existing industrial operations. The two compani

about 3 years ago
Lower Zakum; Source: ADNOC
Business Developments & Projects

TotalEnergies expands its upstream portfolio in UAE with several offshore fields

TotalEnergies has inked a deal to acquire CEPSA’s upstream assets in the UAE, adding multiple offshore fields to its asset portfolio.

about 3 years ago
COSCO and CNPC’s third LNG carrier aces trials in seven days
Business Developments & Projects

COSCO and CNPC’s third LNG carrier aces trials in seven days

The third large-scale liquefied natural gas (LNG) carrier built by Chinese shipyard Hudong – Zhonghua Shipbuilding for compatriot shipowner COSCO Shipping Lines and energy firm China National Petroleum Corporation (CNPC) has completed its gas and routine sea trials, setting a new record for the ship

about 3 years ago
Klaipėda LNG terminal ends 2022 with increase in gas imports
Business Developments & Projects

Klaipėda LNG terminal ends 2022 with increase in gas imports

The Ministry of Energy of the Republic of Lithuania has reported that in 2022, the amount of gas imported through the Klaipėda liquefied natural gas (LNG) terminal almost doubled. More specifically, 5 million cubic meters or 32.22 TWh of natural gas was delivered. The ministry also said that gas imp

about 3 years ago
Troll A platform in the North Sea; Credit: Harald Pettersen/Equinor
Business Developments & Projects

With additional stake in five discoveries, Equinor bolsters North Sea position

Equinor has strengthened its position in the northern North Sea by inking an agreement to expand its equity interest in five discoveries on the Norwegian continental shelf (NCS).

about 3 years ago
Illustration; Source: CNOOC
Business Developments & Projects

Major oilfield discovery off China brings hundred million tons reserves

China’s oil and gas player CNOOC Limited has discovered a new oilfield in the Bohai Sea offshore China, which adds another hundred million tons of reserves.

about 3 years ago
Ocean GreatWhite rig; Source: Diamond Offshore
Business Developments & Projects

Diamond Offshore positioned to be ‘key beneficiary’ in deepwater offshore drilling upcycle

Diamond Offshore has recorded strong operational performance during the fourth quarter of 2022 and earned a sixth performance bonus in Senegal.

about 3 years ago
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