ScottishPower Renewables has made a final investment decision for the East Anglia ONE offshore wind farm. The company will now progress with the development of the wind farm, aiming to put it into operation by 2020. The project has a capacity of 714MW, enough to power the equivalent of 500,000 homes
Energy companies from across the globe visited Orkney and saw first hand why it is the location to test and demonstrate marine energy development projects. The first class wave and tidal conditions in Orkney have attracted marine energy developers for many years and particularly since the inception
Norwegian technology, project development and engineering company Sevan Marine has tightened its loss in the fourth quarter of 2015 when compared to the same period in 2014, by implementing cost slashing measures that will now include further workforce reductions. The cost cutting programs launched
Former CEO of Cheniere Energy, Charif Souki and former COO and executive director of BG Group Martin Houston joined forces in forming a new mid-scale natural gas liquefaction and export company called the Tellurian Investments.
DNV GL Group’s executive vice president Tor E. Svensen on Tuesday revealed his decision to retire from his position with effect from August 1, 2016.
ConocoPhillips, a U.S.-based exploration and production company, is planning for the worst case scenario when it comes to the oil market situation. This was stated on Tuesday by the company’s CEO Ryan Lance, during the IHS CERAWeek energy conference in Houston, Texas. He was responding to a question
Saudi oil minister Ali Al-Naimi said on Tuesday that any talks about the cutting of oil production are a waste of time, as there is no mutual trust, or there is less trust than before among the oil producers. He was a speaker at the annual energy conference IHS Ceraweek in Houston, and he started [&
One of Nigeria LNG’s six production trains at the Bonny Island plant is currently undergoing maintenance.
Tidal Transit Limited has shared a photo of two of its crew transfer vessels (CTVs), Ginny Louise and her sister Eden Rose, looking ‘‘clean and ready for a busy spring” the company said in an Instagram post. The sisters have been employed on the 317MW Sheringham Shoal offshore wind farm on and off f
Wood Group, a multinational oil and gas services company headquartered in Aberdeen, has seen a significant drop in profit in 2015 when compared to the one made in 2014, and has proposed a dividend increase. In its full year 2015 results report on Tuesday, Wood Group reported a profit of $90.1 millio
Anglo/Dutch oil giant Shell has been awarded rights to explore for oil and gas in a deepwater block located in the Black Sea, offshore Bulgaria. Shell won a five-year permit to explore the 1-14 Silistar block in the Black Sea where it will invest 18.6 million euros. The deal includes a two-year exte
On the back of the oil production freeze agreed upon by Saudi, Russian, Qatari and Venezuelan energy ministers earlier in February, General Secretary of Opec, Abdalla Salem El-Badri, during the IHS CERAWeek in Houston on Monday, hinted there may be further action following the freeze. However, after
Following allegations of its involvement in a bribery scandal with Petrobras in Brazil, Singapore’s Keppel has reiterated its zero-tolerance stance against any form of illegal activity, including bribery and corruption, involving its employees or associates. In a statement on Tuesday, the company sa
The listing car carrier Modern Express, which ran into troubles during a storm at sea on January 26, was righted yesterday in the Spanish port of Bilbao, Netherlands-based company Boskalis told World Maritime News. “SMIT Salvage successfully righted the ship in the port of Bilbao, Spain and handed h
