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Business Developments & Projects

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Yinson hit with FPSO deal termination after Aker Energy defers Pecan project
Business Developments & Projects

Yinson hit with FPSO deal termination after Aker Energy defers Pecan project

Aker Energy has postponed the development of its Pecan field, located offshore Ghana. As a result, Aker Energy terminated its agreement with Yinson for the provision of an FPSO for the project.

about 6 years ago
Hoegh logo
Business Developments & Projects

Hoegh applies for Cyprus LNG import licence

Norway’s Hoegh LNG said Wednesday that its unit has applied for a liquefied natural gas infrastructure ownership, operations and development license in Cyprus. Cyprus is pushing forward to diversify its energy mix to reach new emission targets for the country’s power production. The country plans to

about 6 years ago
Byron Energy curbs Gulf of Mexico output due to sharp decline in oil price
Business Developments & Projects

Byron Energy curbs Gulf of Mexico output due to sharp decline in oil price

Byron Energy has decided to ramp-down production from the SM71 field in the U.S. Gulf of Mexico due to a sharp decline in demand and glut in both international and local supplies.

about 6 years ago
Ten tech developers win Ocean DEMO prize
Business Developments & Projects

Ten tech developers win Ocean DEMO prize

The EU-funded Ocean DEMO project has awarded recommendations for support to ten offshore renewable energy developers under its 2nd call. The awards will support developers on their path to commercialisation and ease the transition of ocean energy towards multi-device farms by providing free access t

about 6 years ago
Polarcus readies cost reduction plan to mitigate uncertainty facing seismic market
Business Developments & Projects

Polarcus readies cost reduction plan to mitigate uncertainty facing seismic market

Polarcus has come up with a $15 million cost reduction plan to navigate the current uncertainty facing the marine seismic acquisition market due to the combined impacts of the COVID-19 pandemic and oil price volatility.

about 6 years ago
Zeebrugge LNG terminal
Business Developments & Projects

Fluxys reports record Zeebrugge LNG ship ops

Belgium’s Fluxys said Tuesday that its Zeebrugge liquefied natural gas terminal logged a record number of ship operations during the first quarter of this year. The LNG facility located in the port of Zeebrugge in total conducted 74 ship operations during the quarter with record monthly number of ve

about 6 years ago
Map showing sea borders of Inis Ealga floating wind project
Business Developments & Projects

DP Energy eyes 700+ MW floating wind farm in Ireland

DP Energy has submitted a Foreshore Site Investigation Application to Ireland’s Department of Housing, Planning and Local Government (DHPLG) for a potential 700+ MW floating wind project off the south coast of Ireland.

about 6 years ago
Liz Burdock Business Network for Offshore Wind USA
Business Developments & Projects

Offshore Wind Conference: New Markets for Offshore Wind

The offshore wind industry is expected to grow to 120 GW total installed capacity by 2030. Much of this growth will take place in Europe but there will also be a considerable increase in capacity in North America and Asia. This session takes a closer look at growth markets and newcomers and the busi

about 6 years ago
Map image showing location of Hornsea Two offshore wind farm
Business Developments & Projects

Trelleborg to provide Hornsea Two cable protection

Ørsted has signed a contract with Trelleborg for the provision of four integrated cable protection systems for the 1.4GW Hornsea Two offshore wind farm.

about 6 years ago
Electrically powered
Business Developments & Projects

Japanese company to build world’s first all-electric bunker tankers

Japan’s Asahi Tanker plans to build the world’s first two zero-emission electrically powered tankers.

about 6 years ago
EnQuest cleared to decommission Alma and Galia FPSO
Business Developments & Projects

EnQuest cleared to decommission Alma and Galia FPSO

UK oil and gas company EnQuest has received approval from the UK authorities for its decommissioning plan for the FPSO working on the Alma and Galia fields off the UK as well as associated subsea installations and pipelines.

about 6 years ago
hydrogen fuel cell
Business Developments & Projects

All American Marine to continue construction of 1st US hydrogen fuel cell vessel

All American Marine is to complete the aluminum construction of a hydrogen-powered, electric drive vessel.

about 6 years ago
Chevron extends services contract with Worley in Australia
Business Developments & Projects

Chevron extends services contract with Worley in Australia

Worley has been awarded a two-year extension to an existing services contract with Chevron in Australia.

about 6 years ago
Shell logo
Business Developments & Projects

Shell pulls out of Lake Charles LNG export project

The Hague-based energy giant Shell is withdrawing from the planned Lake Charles liquefied natural gas export project in Louisiana. Oil prices have plunged to an 18-year low on Monday due to the effects of the coronavirus pandemic. The Lake Charles LNG export project is a 50-50 joint venture between

about 6 years ago
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