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Business Developments & Projects

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Yamal LNG debt service guarantees removed
Business Developments & Projects

Yamal LNG debt service guarantees removed

Russia’s largest independent natural gas producer Novatek has reached another milestone on its Yamal LNG project.

about 5 years ago
Thailand's Gulf Officially Takes 50 Per Cent Stake in German Offshore Wind Farm
Business Developments & Projects

Thailand’s Gulf Officially Takes 50 Per Cent Stake in German Offshore Wind Farm

Thailand’s Gulf Energy Development Public Company Limited has officially taken over the 50 per cent stake in the Borkum Riffgrund 2 offshore wind farm from Global Infrastructure Partners. In July, Gulf acquired 50 per cent shares of Borkum Riffgrund 2 Investor Holding (BKR2) through its subsidiary G

about 5 years ago
Edvard Grieg platform; Source: Lundin Aker Solutions
Business Developments & Projects

Aker Solutions nets Edvard Grieg electrification deal

Norwegian oilfield services provider Aker Solutions has signed an engineering, procurement, construction, and integration (EPCI) contract for a high-voltage electrical boiler package as part of the electrification of Lundin Energy’s Edvard Grieg platform.

about 5 years ago
Stena IceMax drillship
Business Developments & Projects

Bahamas Petroleum sets new spud date as Stena picks rig for offshore well

Offshore drilling contractor Stena Drilling has nominated a drillship to drill an exploration well offshore The Bahamas for Bahamas Petroleum Company (BPC).

about 5 years ago
Blackstone completes $7 billion Cheniere partnership stake sale
Business Developments & Projects

Blackstone completes $7 billion Cheniere partnership stake sale

Blackstone Group said on Thursday it has completed the sale of its 42% stake in Cheniere’s limited partnership to Brookfield Infrastructure and its own affiliated company. The $7 billion sale represents the culmination of Blackstone Energy Partners’ involvement with Cheniere, the US-based private eq

about 5 years ago
A yellow Moray East jacket foundation installed earlier
Business Developments & Projects

Third of Moray East wind turbine foundations in place

Seajacks Scylla installed the 33rd jacket foundation at the Moray East offshore wind farm site on 20 September, according to the project’s Notice of Operations from 21 September. The jack-up vessel is transporting the jacket foundations to the project site from Global Energy Group’s site in Nigg. Th

about 5 years ago
Floating LiDAR in the water on the left, Copenhagen Offshore Partners team with the LiDAR in the background on the right
Business Developments & Projects

Copenhagen Offshore Partners installs floating LiDAR in South Korea

Denmark-headquartered offshore wind developer Copenhagen Offshore Partners (COP) has installed a floating LiDAR off South Korea. According to the company’s post on social media, the LiDAR was “finally” deployed on 18 September following a series of typhoons in Korea. The floating LiDAR will carry ou

about 5 years ago
Siemens BOG compressor picked for NLNG plant
Business Developments & Projects

Siemens BOG compressor picked for NLNG plant

Siemens Energy has been contracted to provide a cryogenic boil-off gas (BOG) compression train for Nigeria LNG’s facility on Bonny Island.

about 5 years ago
The Haven Seariser 2 jack-up off Happisburgh beach in Norfolk, UK
Business Developments & Projects

Export cable surveys underway for Norfolk Vanguard & Boreas OWFs

The Haven Seariser 2 jack-up vessel has been deployed off the Norfolk coast in the UK to collect seabed data for Vattenfall’s Norfolk Vanguard and Norfolk Boreas offshore wind projects. The work, along with other surveys currently being carried out, will shape the design of what will become one of t

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

NYSE suspends Hermitage stock from trading

Offshore vessel operator Hermitage Offshore Services, formerly known as Nordic American Offshore, has received notification from the New York Stock Exchange (NYSE) that its common stock was suspended from trading.

about 5 years ago
Apsara oil project; Source: KrisEnergy Cambodia
Business Developments & Projects

KrisEnergy gets funding to bring Cambodia offshore project online

KrisEnergy has reached a loan deal with Kepinvest Singapore to assist the company with bringing the Apsara project off Cambodia online on schedule.

about 5 years ago
RE2 Robotics manipulator on ROV
Business Developments & Projects

RE2 Robotics expands manufacturing capability

Pittsburgh-based robotic arms developer RE2 Robotics has expanded its Lawrenceville campus with the acquisition of a new facility. The new space will help the company meet the growing demand for its robotic systems in defense and commercial markets. It locates directly across the street from its cur

about 5 years ago
Fluxys Belgium posts H1 profit jump
Business Developments & Projects

Fluxys Belgium posts H1 profit jump

Fluxys Belgium, the operator of the Zeebrugge LNG terminal on Wednesday reported a jump in profit for the first half of the year. Net profit rose from €31.4 million ($36.6 million) to €36.6 million ($42.7 million). Fluxys noted in its report that its turnover in the first six months rose €24.1 milli

about 5 years ago
China continues to boost LNG imports
Business Developments & Projects

China continues to boost LNG imports

China, the world’s largest energy consumer, is continuing to post higher monthly LNG imports and reported a 16.3 percent year-on-year increase in August. LNG imports totalled 5.96 million tonnes last month, data from the General Administration of Customs showed. In the January-August period, the cou

about 5 years ago
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