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Allseas to deliver 'one of the heaviest offshore installation projects in history'
Business & Finance

Allseas to deliver ‘one of the heaviest offshore installation projects in history’

Allseas has won a contract with Aker BP for the delivery of offshore transport and installation (T&I) services for a new processing platform topsides facility with well bay area and living quarters. Allseas will provide offshore T&I services for the Hugin A PdQ, formerly NOA PdQ, processing platform

about 3 years ago
Ubuntu Harmony; CSSC
Business & Finance

CSSC: Out of 209 delivered ships this year, over a third were dual-fuel

Chinese shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) is rounding off 2022 with the delivery of 209 ships, the equivalent of 14 million dwt. CSSC said that this year it secured the largest portion of new shipbuilding orders in the world, despite the challenges caused by the p

about 3 years ago
Santos signs P’nyang gas deal for PNG LNG
Business & Finance

Kumul extends PNG LNG offer period to Santos

Papua New Guinea’s Kumul Petroleum Holdings has extended the exclusivity period for the binding conditional offer made to Australian energy company Santos to acquire a 5% interest in PNG LNG for an asset value of $1.4 billion. The offer, which will now remain open until 30 April 2023, is conditional

about 3 years ago
Petroleum exploration license offshore Namibia granted second extension
Business & Finance

Petroleum exploration license offshore Namibia granted second extension

Namibia’s Ministry of Mines and Energy has granted a second one-year extension for the Petroleum Exploration License 87 (PEL 87) located in the Orange Basin. Canada-based Sintana Energy reported on 21 December that Namibia’s Minister of Mines and Energy had granted a second one-year extension to the

about 3 years ago
Siemens Energy to deliver converter stations for Ireland-France interconnector
Business & Finance

Siemens Energy to deliver converter stations for Ireland-France interconnector

Siemens Energy has secured a contract to deliver the high-voltage direct current (HVDC) transmission technology for the Celtic Interconnector that will link France and Ireland. The 700 MW Celtic Interconnector 320 kV VSC HVDC link will be approximately 575 kilometers long, of which the offshore elem

about 3 years ago
Lime Petroleum buys stake in Repsol’s North Sea field
Business & Finance

Lime Petroleum buys stake in Repsol’s North Sea field

Lime Petroleum, a Norwegian subsidiary of Singapore’s Rex International, has completed the acquisition of a stake in the Repsol-operated Yme field located offshore Norway. Lime Petroleum entered into a sale and purchase agreement with Kufpec Norway in August for the acquisition of a 10 per cent inte

about 3 years ago
Chinese firm kicks off production from another oilfield project in Bohai Sea
Business & Finance

Chinese firm kicks off production from another oilfield project in Bohai Sea

China’s oil and gas player CNOOC Limited has started production from another oilfield development project in the Bohai Sea. The project represents the sixth that the company brought on stream offshore China since September. CNOOC revealed on 26 December that the Kenli 6-1 oilfield 5-1, 5-2, 6-1 bloc

about 3 years ago
MSC Lorena
Business & Finance

Bomb scare diverts MSC Lorena from Antwerp

A criminal investigation is underway regarding a bomb threat on board a containership identified as MSC Lorena, the Dutch police confirmed. The vessel was diverted from the Port of Antwerp following a threatening phone call saying that a bomb would explode if the ship docked in the port, according t

about 3 years ago
Switching station for Shetland HVDC link taking final shape
Business & Finance

Switching station for Shetland HVDC link taking final shape (Video)

The construction of the main building exterior of the new switching station for the Shetland HVDC Link has been completed. The next step includes Hitachi Energy installing its equipment. The Noss Head Switching Station will house the electrical components used in the Shetland HVDC link, which will a

about 3 years ago
tanker
Business & Finance

Nordic Shipholding’s voluntary liquidation set in motion

Denmark-based shipowner Nordic Shipholding is moving forward with a voluntary liquidation process. The company informed earlier today that following an extraordinary general meeting held on December 23, the board of directors passed a proposal to liquidate the company by voluntary solvent liquidatio

about 3 years ago
Petrobras completes sale of Papa-Terra field
Business & Finance

Petrobras completes sale of Papa-Terra field

Brazil’s oil and gas giant Petrobras has concluded the sale of the totality of its stake in the Papa-Terra production field located in the Campos Basin to 3R Petroleum Offshore. With this, 3R Offshore assumes the condition of operator of the field with a 62.5 per cent stake, in partnership with Nova

about 3 years ago
Germany allocates €62 million for construction of three LNG bunkering ships
Business & Finance

Germany allocates €62 million for construction of three LNG bunkering ships

Germany’s Federal Ministry of Economics and Climate Protection (BMWK) has decided to fund the construction of three LNG bunkering ships with a total of around €62 million. The three ships, each with a capacity of 4,500 cubic metres, will be constructed by shipbuilder Flensburger Schiffbau-Gesellscha

about 3 years ago
PTTEP makes 'sweet gas discovery' in Malaysian waters
Business & Finance

‘Sweet’ gas discovery for PTTEP in Malaysian waters

Thailand’s national oil and gas company PTT Exploration and Production (PTTEP) has made another gas discovery at Block SK410B offshore Malaysia. PTTEP’s subsidiary PTTEP HK Offshore (PTTEP HKO) began the drilling of the Paprika-1 wildcat well in Block SK410B in July. The well was drilled to a total

about 3 years ago
BP secures 20-year production sharing contract extension for Indonesian LNG project
Business & Finance

BP secures 20-year production sharing contract extension for Indonesian LNG project

UK-based energy giant BP and the Government of Indonesia have concluded a 20-year extension of the Tangguh production sharing contract (Tangguh PSC), enabling BP to further develop the largest gas-producing field in Indonesia. On 23 December, BP announced that the Indonesian government granted the e

about 3 years ago
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