Investment News

 

Delek Offered Funds to Invest in Ithaca

Sep 24, 2019

Israeli oil and gas company Delek has received an offer from an unnamed investor for a potential investment of up to $250 million into its North Sea focused subsidiary Ithaca Energy.'Delek Group, received a signed offer from an international…

Ørsted Buys Into Turbine Transfer Innovator

Sep 24, 2019

Ørsted, the largest energy company in Denmark, has acquired a 22.5% share in Pict Offshore, the Scottish developer of an innovative technology set to transform the way technicians access offshore wind turbines.The Get Up Safe (GUS) system, developed in partnership between Ørsted and Pict Offshore…

38 New UK Offshore Projects in 3 Years

Sep 04, 2019

The final investment decisions (FIDs) could be reached on as many as 38 new UK offshore projects over the next three years, representing $22.6 billion in greenfield expenditure if UK prospective resources live up to expectations.Rystad Energy…

Iberdrola Sells Stake in East Anglia One to GIG

Aug 14, 2019

Spanish public multinational electric utility company Iberdrola has entered into an agreement with Green Investment Group (GIG), part of Macquarie Group, to sell a 40% share in the East Anglia One offshore wind farm.The group will continue to be the majority shareholder…

UK Offshore Wind Attracts Investments

Aug 12, 2019

Power companies including Ørsted, Vattenfall, Innogy, SSE and Scottish Power and financial investors such as infrastructure and pension funds are active in UK offshore wind power, said Deloitte.Japan, China and other countries in Asia are also showing increasing interest in the market…

Corvus Energy Gets Shell Ventures Investment

Aug 12, 2019

Canadian-Norwegian battery maker Corvus Energy announced that it has finalized an investment deal with Shell Ventures.The investment is a step towards Shell’s ambition to decrease the carbon footprint of the energy products they sell by around 20% by 2035 and by around 50% by 2050…

Investments in Exploration Drilling to Double

Aug 05, 2019

Rystad Energy sees investments both in offshore and onshore exploration drilling doubling in the next five years, compared to the last five years. Conventional onshore demand will be driven by Asia, Africa and South America.Europe on the other hand…

UKCS Investments On the Rise

May 31, 2019

North Sea operators and contractors are investing across people, R&D, technology and new markets to support continued growth, said a new report.The 30th Oil and Gas survey, conducted by Aberdeen & Grampian Chamber of Commerce in partnership with the Fraser of Allander Institute and KPMG UK…

Uniper Sells Italian LNG Plant Stake

May 28, 2019

German energy group Uniper has concluded an agreement with Australian fund First State Investments to divest its stake in OLT Offshore liquefied natural gas (LNG) Toscana.First State Investments will acquire Uniper’s entire OLT stake. The purchase price for Uniper’s stake amounts to approx…

New England Pitch for Offshore Wind Hub

May 06, 2019

The state of Connecticut has reached a harbor development agreement and announced the start of a $93 million investment at State Pier, the beginning of what state officials foresee as the transformation of an underutilized port into a hub for the offshore wind industry…

Current News

Norway Will Patrol its Oil and Gas Platforms with Help from Allies

Norway Will Patrol its Oil and Gas Platforms with Help from Allies

ConocoPhillips Scandinavia Raises Security Level after Drone Sightings

ConocoPhillips Scandinavia Raises Security Level after Drone Sightings

DOF Subsea Nets U.S. Gulf of Mexico Work

DOF Subsea Nets U.S. Gulf of Mexico Work

Brazil: Manati Field Output Interrupted Due to Low Gas Demand

Brazil: Manati Field Output Interrupted Due to Low Gas Demand

Subscribe for OE Digital E‑News

Offshore Engineer Magazine