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Business Developments & Projects

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Illustration; Source: Equinor
Business Developments & Projects

‘We are not where we need to be’ regarding safety, Equinor CEO says

Although Equinor experienced several serious incidents throughout the year, it was able to achieve a reduction in the number of serious incidents and personal injuries in 2020 compared to the previous year.

about 5 years ago
Shelf Drilling Tenacious rig is used to drill the Yumna wells for Masirah Oil
Business Developments & Projects

Masirah starts production from second Yumna well

Oil and gas company Masirah Oil has started production from the second development well drilled in the Yumna field, which is located offshore Oman.

about 5 years ago
Illustration; Source: Zoran Tarade (used under permission from photographer).
Business Developments & Projects

Melbana progressing with Beehive farm-out talks

Oil and gas company Melbana Energy has revealed that there are several interested parties in taking a stake in the company’s WA-488-P license offshore Australia which contains the Beehive prospect.

about 5 years ago
West Hercules; Source: Equinor Seadrill
Business Developments & Projects

Seadrill closer to Chapter 11 as agreement with creditors expires

Forbearance agreements entered into by offshore drilling contractor Seadrill Limited with certain creditors in respect of the group’s senior secured credit facility agreements have now expired.

about 5 years ago
Chevron
Business Developments & Projects

Chevron books $665 million loss as revenues sink

Chevron managed to cut its losses in the fourth quarter of 2020 compared to the same period in 2019 despite a significant decrease in revenues.

about 5 years ago
Photo of Sustainable Marine Energy's PLAT-I platform planned for deployment at FORCE in 2021 (Courtesy of FORCE)
Business Developments & Projects

Research into potential risks tidal devices may pose to fish starts in Nova Scotia

A new partnership has been established to perform research aimed at understanding potential risks tidal devices may pose to fish in the waters of Bay of Fundy in Canada’s Province of Nova Scotia as the site prepares to welcome new tidal energy converters over the next few years.

about 5 years ago
James Hunt, Xodus’ Global Interconnector and Cables
Business Developments & Projects

Xodus delivers Empire Wind inter-array cables study

Engineering consultancy Xodus has completed an inter-array cables installation study for Equinor’s Empire Wind Phase 1 offshore New York. Xodus was tasked with maturing the inter-array cable installation concept to identify technical solutions or installation methodologies that may add value to the

about 5 years ago
An image showing the 1.2 GW offshore wind farm and the related offshore and onshore infrastructure
Business Developments & Projects

Northland Power joins 1.2 GW offshore wind project in Poland

Canadian energy company Northland Power and Poland’s PKN ORLEN have entered into an agreement under which Northland Power will acquire a 49 per cent stake in the 1.2 GW Baltic Power offshore wind project in Poland. Northland expects to invest approximately PLN 290 million (€ 64 million) in the Balti

about 5 years ago
Ofgem and CRE halt public consultation for AQUIND
Business Developments & Projects

Ofgem and CRE halt public consultation for AQUIND

Ofgem and its French counterpart the Commission de Régulation de l’Energie (CRE) have published a decision to discontinue public consultation for the AQUIND interconnector. The AQUIND Interconnector is a proposed 2GW subsea and underground high voltage direct current power transmission project betwe

about 5 years ago
BP's Argos platform and Boskalis' BOKA Vanguard vessel
Business Developments & Projects

BP’s Argos platform floated onto Boskalis vessel for transport

BP’s Argos platform, built for the Mad Dog 2 project in the Gulf of Mexico, has been loaded onto a Boskalis vessel for transport to the U.S.

about 5 years ago
Uniper-chartered LNG ship "Schneeweisschen"
Business Developments & Projects

Uniper sees LNG shipping demand jump in Asia

German energy major Uniper has witnessed increased demand for LNG shipping capacity in the Asian market.

about 5 years ago
Photo of Sabella’s test blade in research laboratory at Ifremer’s Carnot MERS Institute (Courtesy of Ifremer/Stéphane LESBATS)
Business Developments & Projects

Ifremer puts novel Sabella tidal blade through its paces

French marine research institute Ifremer has performed a series of structural bench tests on compatriot company Sabella’s novel tidal turbine blade to determine the weight loads the blade can bear and validate its mechanical characteristics.

about 5 years ago
NWS partners ink Pluto feed gas deals with WA government
Business Developments & Projects

NWS partners ink Pluto feed gas deals with WA government

Woodside Burrup and the North West Shelf (NWS) project participants have finalized arrangements with the Western Australian Government enabling the supply of Pluto feed gas.

about 5 years ago
Petrobras hits hydrocarbons in pre-salt wildcat
Business Developments & Projects

Petrobras hits hydrocarbons in pre-salt wildcat

Brazilian state-owned oil giant Petrobras has found hydrocarbons in a wildcat well located in the pre-salt Campos Basin offshore Brazil.

about 5 years ago
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