Aker BP has received consent from the Petroleum Safety Authority to use the Maersk Invincible rig for operations on the Hod field offshore Norway.
Equinor has launched the community consultation period for the Sheringham Shoal and Dudgeon offshore wind extension projects off the North Norfolk coast in the UK. This first phase will run from 9 July to 20 August, and feedback is sought for the location of the onshore substation, the underground o
The outlook for the global shipping sector for the coming 12 to 18 months remains negative, according to Moody’s new report. The key drivers of the negative outlook are a combination of expectations that the global economy will shrink in 2020 due to the impact of the pandemic and the road to recover
Aberdeen-based ROVOP has secured new multi-million-pound investment from its shareholders Blue Water Energy and BGF. The investment secures ROVOP’s long-term future and ensures the company can continue to provide its services. In addition to the investment, ROVOP has appointed a new senior managemen
Brazilian oil company Petrobras will be launching a tender for the construction of Brazil’s biggest floating production storage and offloading (FPSO) vessel.
Petrofac has secured an engineering, procurement, construction, pre-commissioning, and commissioning contract in Kazakhstan worth approximately $135 million.
Japanese shipping company K Line has inked a deal with Malaysian energy major Yinson Holdings Berhad and Sumitomo Corporation to participate in the floating production, storage and offloading (FPSO) owning and chartering business for the Marlim II Project, offshore Rio de Janeiro, Brazil. Upon stabl
Japanese spot LNG cargo prices are showing signs of slight recovery following a record drop in May. The effects of the Covid-19 coronavirus pandemic have weighed down on Japan’s spot LNG prices pushing them to record lows in previous months. The average contract price for spot LNG cargoes shipped to
Houston-based oil and gas company Vaalco Energy has regained compliance with the NYSE continued listing standards following a listing warning from the end of April 2020.
Pale Blue Dot, the lead developer of the Acorn Carbon Capture and Storage (CCS) project, has conducted a corporate restructuring following a strategic investment by multinational independent investment bank and financial services company Macquarie Group.
Norwegian oil major Equinor has awarded Aibel a portfolio agreement for the Oseberg fields for the period 2020-2026.
Taiwan-based TSMC signed a corporate power purchase agreement (CPPA) with Ørsted for the Greater Changhua 2b & 4 offshore wind farm on 8 July. TSMC will offtake the full production from the 920 MW wind farm, making this the largest-ever contract of its kind within renewable energy, according to Ørst
Wintershall Dea last December installed three Xmas trees on its Dvalin gas development, which has now moved from the drilling phase to the completion phase.
Hit by the second industry downturn in five years, global awards for FPSO vessels will likely be limited to a single unit in 2020, Rystad Energy believes.
