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Business Developments & Projects

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Nordic Spring artist rendering; Source: Awilco Drilling Keppel
Business Developments & Projects

Awilco Drilling terminates rig building deal with Keppel. Wants refund

Offshore driller Awilco Drilling has terminated its offshore rig construction order with Singapore’s Keppel due to a “breach of contract“ and is seeking a refund.

about 5 years ago
Spanish green hydrogen project moves ahead
Business Developments & Projects

Spanish green hydrogen project moves ahead

Spanish national grid operator Enagás and its compatriot ACCIONA are moving forward with the Power to Green Hydrogen Mallorca industrial project.

about 5 years ago
Bold Tern at a port with wind turbine towers on board
Business Developments & Projects

Moray East wind turbine installation to start soon

Wind turbine installation at the Moray East offshore wind farm is scheduled to start in the first days of the next year, around 5 January. The wind turbines will be installed by the Bold Tern jack-up vessel, with the commissioning work to be done from Acta Centaurus, supported by two crew transfer v

about 5 years ago
Yury Korchagin; Source: Lukoil
Business Developments & Projects

Lukoil reaches oil output milestone on North Caspian Sea fields

Russian independent oil company Lukoil has exceeded a cumulative production of 35 million tonnes from its Yury Korchagin and Vladimir Filanovsky fields in the North Caspian Sea.

about 5 years ago
Ocean Apex; Source: Diamond Offshore Ironbark BP
Business Developments & Projects

Long-awaited ‘world-class’ Ironbark prospect disappoints

After the completion of the drilling operations, one of BP’s more important wells in 2020 – the Ironbark-1 well offshore Australia – has not encountered a significant amount of hydrocarbons.

about 5 years ago
Illustration; Source: OMV Petrom
Business Developments & Projects

OMV Petrom sheds Kazakhstan fields to focus on Black Sea

Romanian oil and gas company OMV Petrom has sold its onshore oilfields in Kazakhstan to focus on its portfolio in the Black Sea region.

about 5 years ago
Illustration; Photo by: Zoran Tarade (used under permission from photographer) Shell Ecopetrol
Business Developments & Projects

Shell completes buy of three blocks off Colombia

Oil major Shell has completed a 50 per cent stake acquisition in three Colombian deepwater oil and gas blocks from Ecopetrol.

about 5 years ago
DP World
Business Developments & Projects

Angola chooses DP World to operate Luanda multipurpose terminal

Dubai-based port operator DP World has been chosen as the preferred bidder to start discussions with the Government of Angola for a 20-year concession and operation of the Multipurpose Terminal (MPT) at the Port of Luanda.

about 5 years ago
PivotBuoy assembly in Spain
Business Developments & Projects

PivotBuoy floater assembly underway in Gran Canaria

At the beginning of December, the components of the part-scale PivotBuoy floating wind platform arrived at the port of Las Palmas de Gran Canaria, where they are now being assembled. The manufacturing commenced this summer at DEGIMA facilities in Santander, Spain, after X1 Wind and its partners comp

about 5 years ago
SOCAR, ENOC lowest bidders in Pakistan LNG's February tender
Business Developments & Projects

SOCAR, ENOC lowest bidders in Pakistan LNG’s February tender

State-owned Pakistan LNG noted that Azerbaijan’s SOCAR and ENOC Singapore placed the lowest bids to supply spot LNG cargoes in February.

about 5 years ago
Ingenium II and PV Drilling III jack-up rig on the Apsara field; Source: KrisEnergy
Business Developments & Projects

KrisEnergy starts up Cambodia’s first offshore oil field

KrisEnergy started producing oil from Cambodia’s first oil field in the offshore Cambodia Block A concession on 28 December 2020.

about 5 years ago
sea
Business Developments & Projects

Saga Pure takes stake in blue ammonia company

Norwegian company Saga Pure, formerly known as Saga Tankers, has committed to subscribe for NOK 35 million ($4 million) in a private placement of new shares in Horisont Energi AS.

about 5 years ago
Pin piles for wind turbines for Greater Changhua being manufactured
Business Developments & Projects

Ørsted sells half of Greater Changhua 1 offshore wind farm

A consortium comprising Caisse de dépôt et placement du Québec (CDPQ) and Taiwanese private equity fund Cathay PE are acquiring a 50 per cent ownership share in Ørsted’s 605 MW Greater Changhua 1 offshore wind farm in Taiwan for approximately TWD 75 billion (around EUR 2.2 billion). Under the agreem

about 5 years ago
Source: Nord Stream 2 AG
Business Developments & Projects

UPDATE: Gazprom completes Nord Stream 2 pipe-laying off Germany

The Russian pipe-laying vessel Fortuna has completed the 2.6-kilometre pipeline stretch of the Nord Stream 2 gas pipeline offshore Germany.

about 5 years ago
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