Oslo-listed company Magnora has teamed up with Swedish wind power company to speed up the development “Sydkustens Vind”, a 500 MW shallow-water offshore wind project in the Baltic Sea, off southern Sweden.“The decision follows several studies…
Following the recent installation of the first offshore wind turbine generator at the Seamade offshore wind project in Belgium, the turbine has now started producing electricity.SeaMade is a 487,2 MW offshore wind concession in the Belgian North Sea…
BP Plc said it completed the sale of its Prudhoe Bay oil and gas producing properties to closely-held Hilcorp Energy, ending 60 years as a top Alaskan oil producer.BP and other oil majors have reduced their production roles in the northernmost U…
MAN Energy Solutions will deliver six compressor trains for Yinson's FPSO being built for deployment in Brazil.For the FPSO named Anna Nery, MAN Energy Solutions will deliver four RB-type centrifugal-compressor trains for gas production and export…
Dutch industrial equipment provider Huisman will deliver cranes for the first Taiwan-built offshore installation vessel.The vessel - to be named Green Jade - will be owned by CDWE, a joint venture company between Taiwanese company CSBC and Belgian offshore contractor DEME…
The article has been updated to include a statement by BW Offshore who confirmed the attack on its FPSO and the kidnapping of several crew members.Pirates on Thursday attacked BW Offshore's Sendje Berge FPSO and kidnapped several crewmembers…
Asia Pacific Drilling Technology Conference and Exhibition (APDT) originally scheduled for September 1-2 2020 in Yangon, Myanmar has been postponed for next year due to the COVID-19 pandemic.'Due to the ongoing global public health concerns related to COVID-19…
Poland's government signed on Wednesday a letter of intent with lobby groups and industry to collaborate on developing offshore wind farms in the Baltic Sea as the country seeks to reduce its reliance on coal.Poland, which generates almost 80% of its electricity from coal…
Crude exports from the Louisiana Offshore Oil Port (LOOP) are hitting a record high even as U.S. crude exports have fallen as the coronavirus pandemic has chopped worldwide fuel demand.Oil majors Royal Dutch Shell Plc and BP Plc are the main winners from rising LOOP exports…
Premier Oil said on Thursday it will not acquire the additional 25% interest in the Tolmount gas project from South Korea's Dana Petroleum, while its creditors approved the acquisition of BP's North Sea assets under the amended terms.The UK…
Offshore wind developer Vattenfall has received regulatory consent for the development of the 1.8 GW Norfolk Vanguard Offshore Wind Farm off the UK.The consent was granted earlier this week by the UK Secretary of State for Business, Energy, and Industrial Strategy Alok Sharma…
Some 10,000 employees of Brazil's Petrobras, or 22% of its workforce, have accepted voluntary buyouts, Chief Executive Roberto Castello Branco said on Wednesday, as the state-run oil company intensifies its quest to slim down and refocus on core businesses…
Dutch shipbuilder Royal Niestern Sander has delivered the hydrographic survey vessel ‘Geo Ranger’ to Geo Plus, after 14 months of constructing, installing, commissioning and testing.The vessel last month successfully passed its sea trials on the river Ems…
Subsea 7 has said it has been awarded a sizeable contract for work in the Gulf of Mexico with an unnamed client.Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million.The scope of work includes engineering, procurement…
Offshore engineering and construction company McDermott has successfully completed its restructuring process after filing for bankruptcy in January to restructure its $4.6 billion debt.The company said Wednesday its balance sheet restructuring equitized nearly all of McDermott's $4…
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