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Business Developments & Projects

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The artist rendering of the Tema LNG project
Business Developments & Projects

Ghana’s Tema LNG project hits financial close

Emerging Africa Infrastructure Fund (EAIF) said it has sanctioned a $31 million loan with a 10-year term to Access LNG, for the Tema LNG project.

about 5 years ago
A wind turbine technician on top of an offshore wind turbine
Business Developments & Projects

Ørsted’s Changhua 1 & 2a offshore wind farms to be 5G-ready

Ericsson and Chunghwa Telecom (CHT) will build a 5G-ready network for Ørsted’s Greater Changhua 1 & 2a offshore wind farms in Taiwan. The private network will enable Ørsted’s engineers to communicate through high-quality connectivity and to have optimised workplace communications for daily operation

about 5 years ago
A photo of offshore wind turbines in sunset
Business Developments & Projects

EnBW issues He Dreiht inter-array cable contract call

German energy company EnBW Energie Baden-Württemberg AG has issued a call for the turnkey supply of inter-array cables at the 900 MW He Dreiht offshore wind farm. The scope of the contract includes the engineering, procurement, installation, and commissioning (EPCI) of the inter-array cables. The as

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

Keppel wins $74.7 million FPSO conversion deal

Singapore’s offshore rig and vessel builder Keppel Offshore & Marine Ltd (Keppel O&M) has won a contract from a repeat customer worth about S$100 million ($74.7M) for the fabrication and integration work on a floating production storage and offloading vessel (FPSO).

about 5 years ago
ABS
Business Developments & Projects

ABS, DSME to use solid oxide fuel cells onboard VLCCs

US classification society ABS and South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) have signed a joint development project (JDP) to use solid oxide fuel cell (SOFC) technology to replace at least one of three diesel generators typically onboard a very large crude carrier (VLC

about 5 years ago
An image rendering converter platform at an offshore wind farm
Business Developments & Projects

GIEK backs Aibel and OHT on Dogger Bank A and B

Norwegian state-backed Export Credit Guarantee Agency GIEK is providing loan guarantees for contracts awarded to Aibel and OHT for the UK’s Dogger Bank A and B offshore wind project, for which Equinor and SSE have now reached financial close. Aibel has won a contract to deliver two converter platfor

about 5 years ago
An image showing Wavepiston wave energy system (Courtesy of Wavepiston)
Business Developments & Projects

Wavepiston launches crowdfunding campaign

Danish company Wavepiston has opened a crowdfunding campaign on Seedrs investment platform in order to fund the final phase of development of its wave energy technology.

about 5 years ago
Ithaca’s FPF-1 floating production facility - BP
Business Developments & Projects

BP and Ithaca produce first oil from North Sea project

BP and Ithaca Energy have started production from the Vorlich development, in the UK North Sea, which was the target of environmental protests back in 2019.

about 5 years ago
NBO delivers first domestic deep-water umbilical project in China
Business Developments & Projects

NBO delivers first domestic deep-water umbilical project in China

Ningbo Orient Cable (NBO) has completed the delivery of the LH 29-2 deep-sea SPS umbilical project for China National Offshore Oil Corporation (CNOOC). This is the first deep-water static umbilical project (800 meters water depth, 9 super duplex SS tubes) which realise the production localisation in

about 5 years ago
Jersey Oil and Gas licence map overview
Business Developments & Projects

Jersey gains full control of North Sea asset with CIECO V&C buy

Jersey Oil & Gas has entered into a conditional sale and purchase agreement to acquire CIECO V&C, which will give it full ownership of a North Sea licence.

about 5 years ago
Illustration; Source: Equinor oil price
Business Developments & Projects

Oil price hits highest levels since March over vaccine hopes

Brent crude oil prices reached highest levels since March as news of another promising coronavirus vaccine raised hopes of a quicker recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin his leadership transition.

about 5 years ago
Arctic LNG 2 project 29 pct done
Business Developments & Projects

Arctic LNG 2 project 29 pct done

Russia’s Novatek is forging ahead with the construction of its second liquefied natural gas (LNG) export project, the Arctic LNG 2.

about 5 years ago
OHT vessel Hawk with the final ten jackets in the Port of Nigg
Business Developments & Projects

OHT unloads final Moray East jacket sent from UAE

The last jacket foundation produced for the Moray East offshore wind farm at Lamprell’s yard in Hamriyah has now been unloaded from OHT’s Hawk heavy transportation vessel in the Port of Nigg. The vessel arrived at the Port of Nigg on 12 November with the last batch of ten jackets, completing its sec

about 5 years ago
Spot, the quadruped robotic dog - Aker BP
Business Developments & Projects

Aker BP deploys robotic dog on North Sea FPSO

Aker BP and Cognite have partnered to deploy Spot, the quadruped robotic dog, to pioneer the remote-controlled offshore mission on the Skarv installation.

about 5 years ago
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