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Jifmar and WMO form French offshore wind joint venture
Business & Finance

Jifmar and WMO form French offshore wind joint venture

France’s Jifmar Offshore Services and Denmark’s World Marine Offshore have signed a Memorandum of Understanding to establish a joint venture to provide offshore wind services to the French market. The new company will deliver vessels to the market as well as turnkey services. The company plans to in

about 6 years ago
Petrojarl Banff FPSO
Business & Finance

Petrojarl Banff FPSO reaches UK port ahead of recycling

UK’s Kishorn Port has welcomed the Petrojarl Banff FPSO for temporary mooring while its owner is looking for a suitable location for recycling.

about 6 years ago
Equinor-Enters-Japans-Offshore-Wind-Market-in-New-Consortium
Business & Finance

Equinor enters Japan’s offshore wind market in new consortium

Electric Power Development (J-Power), JERA and Equinor have formed a consortium to together work towards developing offshore wind projects off the Akita Prefecture in Japan. The consortium will see the three companies evaluate and work towards submitting a joint bid in Japan’s first offshore wind au

about 6 years ago
Namibia coast; Source: Kosmos Shell
Business & Finance

Kosmos Energy farms down asset portfolio to Shell for up to $200M

U.S.-based oil and gas company Kosmos Energy has entered into an agreement with a subsidiary of Royal Dutch Shell to farm down interests in a portfolio of frontier exploration assets for up to $200 million.

about 6 years ago
The Noble Lloyd Noble drilling rig
Business & Finance

Equinor hires Noble rig for Valemon campaign

Noble Corporation has been awarded a contract by Equinor for drilling three wells at the Valemon field from the summer of 2021, using the Noble Lloyd Noble drilling rig.

about 6 years ago
Delta Offshore seeks bids for 25-year Vietnam LNG supply deal
Business & Finance

Delta Offshore seeks bids for 25-year Vietnam LNG supply deal

Delta Offshore Energy on Tuesday issued a request for proposals, first of its kind for Vietnam, for a 25-year LNG supply deal to its planned power project in Bac Lieu. The tender is for delivery of 2.5-3 million tonnes per year on a delivered ex-ship (DES) or freight on board (FOB) basis, the firm s

about 6 years ago
Noble Hans Deul rig on Franklin field
Business & Finance

Oil & gas after 2020: Will the latest downturn lead to permanent transformation?

Following its third price collapse in 12 years, the oil and gas industry may be facing a period of transformation. The industry managed to recover from the previous two downturns and continue with business as usual, but this time it seems the recovery might look a bit different from the ones before.

about 6 years ago
Jon Huntsman Jr. at the World Economic Forum in Dalian, China; Source: U.S. Government
Business & Finance

Former U.S. Ambassador to Russia rejoins Chevron board

U.S. energy major Chevron has re-elected one of its previous directors to the board of directors and two committees.

about 6 years ago
MEECE at Swansea University
Business & Finance

MEECE launches tender and recruiting spree

The Marine Energy Engineering Centre of Excellence (MEECE) at Swansea University is looking for biaxial-machine tenders. Namely, Fatigue loads often drive the load regime experienced by wind, wave and tidal devices. Therefore, there is significant scope for cost reduction through characterisation of

about 6 years ago
GC Rieber vessel Polar Onyx
Business & Finance

GC Rieber in fleet management deal with OSM

Oslo-listed GC Rieber Shipping and OSM Maritime Group (OSM) have entered into an agreement for fleet management services. Specifically, the deal includes business transfer from GC Rieber to OSM of all technical, crewing and support functions in Bergen. OSM will also establish a new wholly-owned ship

about 6 years ago
Noble Don Taylor drillship
Business & Finance

ExxonMobil boasts new oil discovery offshore Guyana

Oil major ExxonMobil has made its 18th discovery offshore Guyana at the Redtail-1 exploration well.

about 6 years ago
World's largest offshore wind project woos tier 2 contractors
Business & Finance

World’s largest offshore wind project woos tier 2 contractors

Dogger Bank Wind Farm and its tier 1 contractors are holding a series of supply chain webinars for the 3.6 GW offshore wind project. The webinars will focus on introducing the Dogger Bank wind farm development and the tier 1 contractors, and will showcase the opportunities the project offers with a

about 6 years ago
Green Hydrogen Could Bring UK GBP 320 Billion by 2050
Business & Finance

Green hydrogen could bring UK £ 320 billion by 2050 – Report

Development of an indigenous green hydrogen industry could generate £ 320 billion for the UK economy and sustain up to 120,000 jobs by 2050, a new report finds. The Offshore Wind and Hydrogen: Solving the Integration Challenge Report was released by the Offshore Wind Industry Council (OWIC) and the

about 6 years ago
Martin Linge field
Business & Finance

Barrier deficiencies force Equinor to drill fresh Martin Linge wells

Equinor has decided to drill new wells on its operated Martin Linge field, located offshore Norway, due to barrier deficiencies discovered in previous wells.

about 6 years ago
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