President of South Korea Moon Jae-in has pledged to expand the country’s offshore wind power capacity from the current 124 MW to 12 GW by 2030, according to local media. Moon announced his pledge on Friday, 17 July, during a visit to a turbine research center and the operational 60 MW Southwest Offs
Greece-based LNG shipping company GasLog has taken delivery of GasLog Westminster from the South Korean Samsung Heavy Industries shipyard.
WFS Technologies, a provider of internet-enabled wireless devices capable of operating in deep subsea conditions, has been acquired by GKFF EnNovo, following the appointment of KPMG as its administrators. Blair Nimmo and Alistair McAlinden of KPMG were appointed joint administrators of WFS on Thursd
As it plans to merge with its compatriot Kværner, Aker Solutions also intends to spin off its wind development business as well as the carbon capture technology business. The move should see two separate companies listed on the Oslo Stock Exchange. “Aker Solutions has developed technology and taken
The adverse impact of the COVID-19 pandemic on the Finnish technology group Wärtsilä and markets in which it operates further increased in the second quarter of the year, shrinking demand across the board. The company reported a 19% lower order intake for the first six months of this year, equaling
Finland’s Port of Helsinki has received financial support from the EU for port investment projects.
Norwegian firms Aker Solutions and Kværner have entered into a merger plan to create an optimized supplier company. The consolidation will take the form of a statutory merger whereby Aker Solutions will absorb Kværner, in accordance with the Norwegian Public Limited Liability Companies Act. Kjetel D
BP’s environment plan for the Ironbark-1 exploration well has been approved by the Australian offshore regulator, NOPSEMA, and BP is preparing to drill the well in October 2020.
After a successful start of the Interreg 2 Seas project, the ENCORE consortium is now planning the kick-off of its regional impact campaign at the Offshore Energy Exhibition & Conference (OEEC) in Amsterdam on 27th October 2020. At the OEEC, ENCORE will reach out to the offshore supply chain sector
Vår Energi is resuming its drilling activities in the Barents Sea and the North Sea, which were postponed this spring due to the corona pandemic and oil price collapse.
TenneT has issued a EUR 1 billion Green Hybrid Bond, from which the proceeds will be used to connect large-scale offshore wind to the electricity grid, with investors showing “keen interest” and the issue being 2.5 times oversubscribed. On 15 July, the transmission system operator priced its EUR 1 b
Offshore Wind Consultants (OWC) has set up an office in Warsaw, Poland, to support offshore wind development in the Baltic Sea. To head up its new office in Warsaw, OWC appointed offshore wind consultant Lukasz Sikorski. Sikorski previously held offshore engineering roles at DNV GL, as well as site
Trident Energy has completed the acquisition of the Pampo and Enchova clusters offshore Brazil from the state-owned oil company Petrobras.
UK-based Deltic Energy, previously known as Cluff Natural Resources, has received and unequivocally rejected a takeover offer from the compatriot oil & gas investment firm Reabold Resources.
