DNV GL has officially issued the project certificate to Vattenfall for its Horns Rev 3 offshore wind farm in Denmark. The certification covered the turbines including their support structure plus all the cabling connecting them to the offshore substation. Inspections were carried out over a three-ye
Ørsted and PGE Polska Grupa Energetyczna have signed an agreement to form a 50/50 joint venture for the development, construction and operation of the 1.5 GW Baltica 2 and 1 GW Baltica 3 offshore wind farms in Poland. The agreement was signed following negotiations that PGE and Ørsted started back i
FPSO operator BW Offshore has decided to record an impairment to the book value of three FPSOs, amounting to $59.6 million, in the fourth quarter of 2020 amid continued uncertainty regarding redeployment. The three FPSOs are Berge Helene, BW Cidade de São Vicente, and Espoir Ivoirien, BW Offshore sa
Northland Power is planning to submit applications for two new proposed development sites in the upcoming Round 3 offshore wind auction in Taiwan. Referred to as NorthWind and CanWind, the proposed sites can accommodate a total capacity of up to 1,800 MW and are located off the coasts of Taichung co
Norwegian oil and gas giant Equinor saw a massive increase in its quarterly net loss amid market turmoil caused by the coronavirus crisis.
Offshore Wind Consultants (OWC) and Polish environmental consulting company Ambiens have signed a memorandum of understanding (MOU) to cooperate on offshore wind developments in Poland. OWC, a subsidiary of AqualisBraemar LOC, is supporting projects that are already in development in Poland, but als
LLOG Exploration Offshore and Italian oil major Eni have signed an infrastructure agreement for subsea infrastructure in the deepwater Gulf of Mexico.
ADNOC has signed an exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 4 to Japan’s Cosmo Energy.
Despite the negative effects of COVID-19, South Korea’s national flagship carrier HMM closed 2020 with a significant earnings boost. The shipping company reported an operating profit of $831.1 million in 2020, against a loss of $254 million in 2019. The result recorded in 2020 represents HMM’s highe
Oil and gas company MOL Norge has drilled a dry well located at Mandal High in the southern North Sea offshore Norway.
A.P. Moller – Maersk, the world’s largest container carrier, has ended 2020 on a strong note despite the impact of COVID-19. The company’s underlying earnings before interest, tax, depreciation and amortisation (EBITDA) grew 44 pct. to $8.2bn and revenue grew to $39.7bn in 2020 compared to $38.9bn i
Tullow Oil has signed two separate sale and purchase agreements with Panoro Energy for its assets in Equatorial Guinea and the Dussafu asset in Gabon.
Oil and gas company Apache Corporation has appointed a new member to the company’s board of directors.
Crowley and Watco are partnering to create a single-source terminal and supply chain management solution to support the U.S. offshore wind industry. The parties will collaborate to provide customized terminal design, project management, warehousing, logistics, supply chain management and equipment m
