People & Company News


EGCO Joins Yunlin Project

Dec 23, 2019

Thailand-based Electricity Generating Public Company Limited (EGCO Group), has acquired a 25% ownership interest in Yunlin Holding GmbH, the developer of the 640MW Yunlin offshore wind farm project in Taiwan.The electric utility holding company…

CSEIP Buys 25% Stake in Arkona OWF

Dec 23, 2019

Credit Suisse Energy Infrastructure Partners (CSEIP) acquired 25% stake in the Arkona offshore wind farm (OWF) from Norwegian energy company Equinor.Watson Farley & Williams (WFW) has advised CSEIP on the EUR 340 million financing of the acquisition…

Bourbon Assets Taken Over by Creditor Banks

Dec 23, 2019

French marine services group Bourbon Corporation, which has been in a court restructuring process after its business was hit by volatile energy markets, said its assets would be taken over by its creditor banks.Bourbon said the Marseille commercial…

Ørsted Offloads LNG Biz to Glencore

Dec 18, 2019

Global leader in offshore wind Ørsted A/S has signed an agreement to divest its liquefied natural gas (LNG) business to the leading global natural resources company Glencore.According to the Denmark's largest energy company, Ørsted entered into…

AYOP Appoints New Director

Dec 10, 2019

Amsterdam IJmuiden Offshore Ports (AYOP), a networking organization, has appointed Sylvia Boer as director effective from 1 February 2020.  In this new position within the association for offshore companies in the North Sea Canal Area, Boer acts as a link between the members…

TRIG, APG Buy Merkur

Dec 10, 2019

Dutch pension investor APG and UK-based The Renewables Infrastructure Group (TRIG) have agreed to acquire the Merkur offshore windfarm.TRIG will acquire a stake of around 36% in the 396-MW Merkur farm in the German North Sea, while APG has agreed to buy the remaining 64%…

Equinor Acquires 50% Stake in Polish OWP

Dec 10, 2019

The Norwegian oil and gas major Equinor ASA said it has completed the purchase of a 50% stake in the Baltyk I offshore wind project (OWP) in Poland from Polenergia.The Bałtyk 1 offshore location license allows for a development of a wind farm with a capacity up to 1560MW…

Ørsted Announces STEM Skills Fund

Dec 09, 2019

Denmark's offshore wind giant Ørsted A/S has unveiled more than £50k for Science, Technology, Engineering and Maths (STEM) skills across Lancashire and Cumbria.The renewable energy developer says the wave of new finance will be sourced from the Walney Extension Skills Fund…

Subsea UK: New Board for 2020

Dec 09, 2019

Subsea UK announced a new board of senior subsea leaders with a mix of expertise and knowledge across all sectors of the industry.The new board members are Dorothy Burke, Managing Director at Ecosse IP, Suzy Davies, VP HSSE Greenfield Projects at Aker Solutions…

Ørsted Restructures Offshore Biz

Dec 02, 2019

The offshore wind giant Ørsted has introduced a new operating model for the Offshore business, to support the execution of its project pipeline and future growth.'The global market opportunities in renewables continue to expand and present significant opportunities for growth…

Providence to Operate Avalon as Total Exits

Nov 28, 2019

As Total E&P Ireland, a subsidiary of the French multinational oil giant, has withdrawn, Providence Resources has taken over operatorship of the Frontier Exploration Licence (FEL) 2/19, which contains the Avalon prospect, located offshore Ireland…

Bluefield Expands in Americas

Nov 27, 2019

UK-based subsea geotechnical specialist Bluefield Geoservices has said that it is expanded into the Americas to meet growing demand in the sector.The subsea geotechnical services provider will initially open two offices in the US, one in the…

Orsted Raises $660m Green Finance

Nov 27, 2019

Denmark-based energy giant successfully issued green hybrid capital securities for €600m ($660m) to refinance existing securities issued in 2015.The latest issue will have a maturity in 3019 and first call option after eight years, the Danish energy company said…

Peterson, Itaoca Join Brazil Offshore Project

Nov 27, 2019

Itaoca Terminal Marítimo SA (Itaoca Offshore) and logistics provider Peterson Offshore Group have formed a partnership and consulting agreement for development of the Itaoca Offshore project.The Itaoca Offshore project will be a private terminal (TUP)…

Prosafe Appeals Over Floatel Merger Rejection

Nov 26, 2019

Norwegian accommodation services player Prosafe has filed an appeal against the Norwegian Competition Authority (NCA)’s rejection of its proposed merger with Swedish rival Floatel International.The merger would create the world's largest fleet of accommodation rigs - a North Sea giant…

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