Finland’s WE Tech Solutions has won a contract to supply equipment to eighth liquefied natural gas carriers that will go on charter to LNG giant Shell. WE Tech says it will start supplying its equipment in February 2021. The delivery package includes two sets of direct drive permanent magnet shaft g
Allseas’ Solitaire pipelay vessel is now working on Energean’s Karish pipeline project located offshore Israel.
Subsea and drilling services provider Mermaid said that Philippe Grasset has submitted his resignation as deputy chief executive officer of the company. The parties have agreed that the effective date of his resignation will be on 1 July 2020. Philippe Jean Paul Grasset took the position of deputy C
Chevron is planning to reduce its nearly 45,000-strong workforce by 10 to 15 per cent this year due to negative impacts of the coronavirus pandemic coupled with a sharp decline in oil and gas prices.
Cabling specialist NKT has appointed Line Andrea Fandrup, executive vice president, chief financial officer (CFO). She joins NKT no later than 1 November 2020. Line Andrea Fandrup joins NKT from Rockwool as Group finance vice president with insights to finance, treasury and investor relations. Prior
DEME Offshore has joined the team behind the PosHYdon project that aims to integrate offshore wind, offshore gas, and offshore hydrogen in the Dutch part of the North Sea. Within the project, DEME Offshore will be in charge of providing the hydrogen unit for installation on the Q13a platform, operat
The European Commission has unveiled a €750 billion recovery plan aimed at ensuring economic recovery from the impacts of the COVID-19 crisis. The Next Generation EU fund consists of allocations for € 500 billion and loans for € 250 billion. Combined with targeted reinforcements to the long-term EU
A consortium of eight Japanese companies will jointly bid to develop an offshore wind power project in Akita Prefecture for which a public tender is scheduled. Sumitomo Corporation, INPEX Corporation, Japan Petroleum Exploration, JR-EAST Energy Development, Kato Construction, Narita Construction, TE
LNG shipper Golar made further advancements in its projects in the first quarter of the year.
In February, Wood Mackenzie sent out a press release stating that the global offshore wind demand will increase nearly six fold over the next ten years. With such huge global potential, We spoke to newly founded World Forum on their outlook. By the end of 2017, offshore wind had only been deployed c
Ireland stands to lose billions due to offshore wind projects being built from bases outside the country unless strategic investments are made in improving port infrastructure, according to a report by the Irish Wind Energy Association (IWEA). The Harnessing our Potential report states that offshore
Norwegian energy giant Equinor plans to bring back online its Hammerfest liquefied natural gas export plant on June 18 following planned maintenance. The LNG operator said earlier this month it would close the export facility for scheduled maintenance for two weeks starting on May 15. However, the c
HPR ROV, a micro-ROV specialists, has appointed Michael O’Donnell as the new business development director. Michael O’Donnell brings with him a breadth of experience in business development, strategy, sales and business turnaround across the energy sector. He has over 12 years’ experience, previousl
Subsea 7 has issued further details of its workforce and fleet reduction initiative announced earlier this year. Namely, the offshore engineering firm predicts overall workforce reduction of approximately 3,000 by the end of the second quarter 2021. Subsea 7 also said that two-thirds of the reductio
