People & Company News


InfraStrata Joins Forces with Navantia

Nov 21, 2019

InfraStrata, the parent company of Belfast shipyard Harland and Wolff, has entered into a memorandum of understanding (MoU) with Spanish shipbuilding company Navantia SA.Under the MoU, the companies plan to cooperate on offshore wind projects…

BW Offshore Completes Bond Issue

Nov 18, 2019

BW Offshore, a provider of floating production services to the oil and gas industry, has successfully completed a NOK 900 million senior unsecured bond issue with a coupon of three months NIBOR + 4.50% and maturity in December 2023.The Oslo…

Northland, Shizen Join Forces for Japanese OWP

Nov 18, 2019

Canadian energy company Northland Power and the Japanese provides renewable energy project development services Shizen Energy have agreed to set up a joint venture to develop offshore wind projects in Japan.Under the terms of the agreement,…

Chrysaor Buys Stakes in OKEA’s 2 Licenses

Nov 13, 2019

North Sea oil producer Chrysaor Norge has exercised an option to buy stakes in OKEA’s Grevling and Storskrymten discoveries offshore Norway.The Norwegean oil production company OKEA confirmed the sale of 20% of the Company's participating interest in Grevling (PL 038D) and 18…

MHI Vestas Offshore Wind Appoints Co-CEO

Nov 11, 2019

The Board of Directors of MHI Vestas Offshore Wind has appointed Johnny Thomsen as the new Co-CEO following the resignation of Lars Bondo Krogsgaard.Thomsen is the former Vestas Senior Vice President of Product Management, said a press note from the Dutch offshore wind power solutions provider…

PGNiG Ups Stake in Duva Field, Norway

Nov 07, 2019

PGNiG Upstream Norway bought 10 percent shares in the PL636 and PL636B licenses in the North Sea from Pandion Energy, thus increasing its ownership in the Duva field to 30 percent.Duva oil and gas field (formerly Cara) is located in the Norwegian sector of the North Sea at a water depth of 360m…

Ørsted Expands Rapidly in US

Nov 07, 2019

Denmark-based Ørsted A/S, offshore wind giant, is expanding rapidly in the US within the development and construction of offshore and onshore wind power as well as solar PV.The growing portfolio enables Ørsted to increasingly trade the green power generated by the wind and solar farms…

ORE Catapult Mulls Humber Expansion

Nov 05, 2019

UK's technology innovation and research center  Offshore Renewable Energy (ORE) Catapult has announced ambitious expansion plans in the Humber, including a commitment to open a base of operations in Grimsby and create 50 to 70 jobs in the region in the next 10 years…

SGRE Posts 10.9% Growth in Offshore Sector

Nov 05, 2019

Spanish-based engineering company Siemens Gamesa Renewable Energy  (SGRE) closed the fiscal year ended September 30 with double-digit growth (+10.9%) in offshore unit due to new markets, mainly Taiwan, which contributed 1.5 GW in firm orders…

Ørsted Issues Green Bonds in Taiwan

Nov 05, 2019

Ørsted, the largest energy company in Denmark, has secured nominal TWD 12 billion (USD 395m) through the issuance of green senior bonds, to finance its investments in offshore wind in Taiwan.  This transaction marks the first ever green TWD bond to be issued by a foreign corporate in Taiwan…

Kuok Makes Cash Offer for POSH

Nov 04, 2019

The Kuok Group, through its investment vehicle Quetzal Capital, announced a voluntary conditional cash offer to buy out Singapore-listed PACC Offshore Services Holdings Ltd (POSH).Quetzal Capital said that the conditional offer to acquire all of POSH for S$0…

OWC Opens Aussie Office

Nov 03, 2019

International engineering consultancy Offshore Wind Consultants (OWC) is setting up an office in Australia, as offshore wind plans in the country are moving forward.The International Energy Agency’s recently launched “Offshore Wind Outlook 2019” has identified more than 7…

SEACOR Marine Sells North Sea Standby Biz

Nov 03, 2019

US-based  offshore support vessel  (OSV) provider Seacor Marine has decided to sell its North Sea emergency response and rescue vessel business to North Star in a move to cut costs and generate cash to support its core business.Under the terms agreed…

Germany's RWE Eyes Japan OWP

Nov 01, 2019

German utility RWE Renewables has opened its first Asian office in Tokyo, Japan and planning to invest in Japan’s offshore wind power (OWP) projectsLed by the Japanese Country Manager, the new Tokyo office will support RWE’s aim to expand its renewables business to Japan…

Tidewater Elects Larry Rigdon as Chairman

Nov 01, 2019

Tidewater, which owns and operates the largest fleet of offshore support vessels in the industry, announced that Larry T. Rigdon has been elected Chairman of the Board effective October 28th.Rigdon replaces Dr. Thomas R. Bates, Jr., who has recently resigned from the board…

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