Engineering News

 

Alaska's Qilak LNG Targets Asia with $5B Project to Compete with Russia

Mar 08, 2023

Qilak LNG plans to invest $5 billion in a proposed liquefied natural gas (LNG) facility in Alaska's North Slope to compete with Russia's Yamal project for Asian customers towards the end of this decade, its chief executive said. Major LNG importers such as Japan…

Aibel Wins Contract for Completion of Shell's Penguins FPSO

Mar 07, 2023

Norwegian energy industry engineering and construction service firm Aibel has won a contract for tasks related to the completion of Shell’s Penguins floating production, storage, and offloading (FPSO) unit, which recently arrived in Norway.The Penguins FPSO…

Eni Installs "World's First" Inertial Sea Wave Energy Converter Offshore Pantelleria

Mar 07, 2023

Italian energy firm Eni said Tuesday it had installed the world's first Inertial Sea Wave Energy Converter (ISWEC) device connected to the electricity grid of an island.The ISWEC is located about 800 meters off the coast of Pantelleria island…

Canary Islands: X1 Wind's Floating Wind Prototype Produces First kWh

Mar 07, 2023

Barcelona-based floating wind technology firm X1 Wind said Tuesday that its X30 floating wind prototype, installed in the Canary Islands, Spain, has produced its first kWh.The company said the milestone marked the world’s only floating wind platform currently installed with a TLP mooring system…

Britain's Wood Group Considers Rejecting Latest Buyout Proposal from Apollo Global

Mar 07, 2023

John Wood Group said on Tuesday it was considering rejecting the latest buyout proposal from private-equity firm Apollo Global Management Inc, citing that the offer undervalued the British oilfield services and engineering company. The proposal by Apollo on March 6…

Petrofac Extends North Sea Partnership with ICR Integrity

Feb 28, 2023

ICR Integrity (ICR), global provider of specialist repair, inspection, and integrity solutions, said Tuesday it had been re-awarded the Master Service Agreement (MSA) with Petrofac, valued at over £1 million per year, after a successful tender…

Saipem Raises Expectations after Exceeding 2022 Targets

Feb 28, 2023

Italian energy services group Saipem on Monday raised its earnings expectations for 2023 and the next few years after beating 2022 targets as its restructuring plan started to bear fruit. The company reported adjusted core earnings of 595 million euros ($631 million) on sales of 9…

Odfjell Oceanwind Launches Floating Wind Foundation Design for 15MW Turbines

Feb 28, 2023

Norwegian floating offshore wind engineering firm Odfjell Oceanwind has launched a floating wind foundation design, the Deepsea Star, that will be able to take 15 MW and larger wind turbine generators (WTGs).  The company has previously received…

EOG Resources Says Low Natgas Prices Not Changing Drilling Plan

Feb 27, 2023

U.S. oil and gas producer EOG Resources on Friday said it had no plans to alter its strategy around new natural gas drilling, despite a sharp decline in prices this year. Rival producers, including Chesapeake Energy, Southwestern Energy, and Comstock Resources…

Malaysian FPSO Giant Yinson Invests in Norwegian Autonomous Vessel Start-up

Feb 24, 2023

Yinson GreenTech (YTG), a green tech investment branch of the Malaysian FPSO giant Yinson, has announced its strategic investment in a Norwegian startup specializing in autonomous solutions for the maritime industry called Zeabuz.'The investment…

UK's Engineering Giant Wood Group Rejects Takeover Approach

Feb 24, 2023

Shares of John Wood Group Plc surged over 30% on Thursday after the company said it received three preliminary buyout proposals from private equity firm Apollo Global Management Inc. The British oilfield services and engineering firm said late…

Seaway7 and Saipem Partner in Pursuit of Offshore Wind Work

Feb 23, 2023

Subsea 7's renewables-focused offshore installation subsidiary Seaway7 on Thursday announced it has struck a deal with offshore services company Saipem to collaboratively pursue projects in the growing offshore wind industry.Under the commercial collaboration agreement…

VOS Glamour Multi-Purpose Vessel to Support ODE AM's North Sea Ops

Feb 23, 2023

ODE Asset Management said Thursday it had started a 9-month charter of the VOS Glamour multi-purpose vessel managed by Vroon Offshore Services.VOS Glamour will undertake emergency response and multi-role duties across ODE AM’s managed assets in the UK's southern North Sea…

Rovco Completes Decom Deal with Well-Safe Solutions

Feb 20, 2023

Rovco completed a contract awarded by Well-Safe Solutions to support its well plug and abandonment decommissioning operations in the Southern North Sea. This is the second contract Rovco has secured with Well-Safe Solutions, having previously…

Norway and Portugal Team Up for Offshore Wind Development

Feb 20, 2023

Norway's METCentre, a floating wind test center, has just signed a Memorandum of Understanding with the Portuguese offshore wind player WavEC. WavEC provides commercial services for wind farm developers and is a shareholder of the Aguçadoura test site…

Current News

Equinor's Arctic LNG Plant to Resume Production Next Week After Gas Leak Shutdown

Equinor's Arctic LNG Plant to Resume Production Next Week After Gas Leak Shutdown

Equinor's Eggen Wildcat in North Sea Proves Dry

Equinor's Eggen Wildcat in North Sea Proves Dry

QatarEnergy in 15-Year LNG Supply Deal with Bangladesh

QatarEnergy in 15-Year LNG Supply Deal with Bangladesh

Plans Announced for LNG Export Facility in U.S. Gulf of Mexico

Plans Announced for LNG Export Facility in U.S. Gulf of Mexico

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