Vietnam's state oil firm PetroVietnam said on Wednesday it was on track to meet its targeted rate of production this year, despite the impact of the coronavirus pandemic and the fall in global crude oil prices.The company, formally known as Vietnam Oil and Gas Group, produced 18.12 million tonnes of crude oil and gas equivalent in the year to Nov. 15, meeting 89% of the yearly target set before the pandemic…
Vietnam's leading renewables firm Trung Nam Group has launched its first offshore wind farm amid the Southeast Asian country's drive for clean energy, the company said on Monday.The 5 trillion dong ($220.17 million) farm in the southern province…
David B. Cook, the Chief Executive Officer of the oil and gas company Noreco, has resigned from his position and from the company board of directors.Noreco, which is working with TotalEnergies to redevelop the Tyra offshore gas field in Denmark…
Danish wind turbine supplier Vestas has secured a 50 MW order in Vietnam with local EPC construction company, Bac Phuong JSC for the second phase of the Dong Hai 1 intertidal wind project. Vestas was also awarded the first phase of the project in December 2019…
The Board of Norwegian Energy Company (Noreco) has appointed David B. Cook as the new Chief Executive Officer of Noreco with effect from July 1, 2020.'Mr. Cook is an experienced executive with a successful track record from executive roles in the oil & gas industry…
PetroVietnam's net profit in the first quarter of this year likely fell 50.8% from a year earlier to 4.44 trillion dong ($188.5 million) due to low oil prices and weak demand due to the new coronavirus, Vietnam's state oil firm said on Sunday…
Chemicals and oil products group Ineos' subsidiary Ineos UK SNS has agreed to acquire a majority stake in two West of Shetland exploration licenses from Siccar Point Energy. The area, called the Northern Gas Fields, contains the estimated 1-3 Tcf recoverable Lyon prospect…
DONG Energy A/S shareholders approved at an extraordinary general meeting today (30 October) the company changing its name to Ørsted A/S. The company is changing its name to match its strategic transformation from black to green energy following its divestment of its oil and gas production…
Japan Vietnam Petroleum Co. (JVPC), a subsidiary of JX Nippon Oil & Gas Exploration, has extended its contract with a MODEC Dutch subsidiary Rang Dong MV17 BV (MV17BV), for the time charter of the FSO Rang Dong MV17. FSO Rang Dong MV17…
DONG Energy (Danish Oil and Natural Gas) has proposed to change its company name to Ørsted, following its strategic transformation from black to green energy and the recent divestment of the upstream oil and gas production. Turbine…
DONG Energy completed the divestment of its upstream oil and gas business, DONG E&P to Ineos, creating Ineos DeNoS. Image from Ineos. Ineos DeNoS will form part of Ineos Oil & Gas…
DONG Energy will build its Hornsea Project Two wind farm at the lowest-ever price for offshore wind in the UK, cutting its original price by half, in what the company is calling a 'breakthough moment.' Map of Hornsea 2…
Jan De Nul Group has completed the installation and burial of the export cables for DONG Energy’s Race Bank Wind Farm in the UK. Image from DONG. Jan De Nul successfully installed…
DONG Energy has agreed to sell 50% of Borkum Riffgrund 2, a 450 MW German offshore wind farm project, to Global Infrastructure Partners (GIP) in a deal worth nearly US$1.4 billion. Borkum Riffgrund 2 jacket sailaway…
Belgian firm GeoSea is to acquire offshore wind installation and service firm A2SEA from Denmark's DONG Energy and Germany's Siemens. A2SEA, which has been owned by DONG and Siemens since 2009, will continue to operate out of Denmark…
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