Latest News - page 1167

 

Bumi Armada Amends Loan Maturity Date. Cites Coronavirus Impact

Feb 23, 2021

Malaysian FPSO specialist Bumi Armada has amended the maturity of a portion of the $660 loan from 2019, citing the impact of the coronavirus pandemic on its business.Bumi Armada said the loan agreement has been amended on to extend the final…

UK-based Enermech Eyes Oil & Gas Work in Mozambique

Feb 23, 2021

Aberdeen-based energy industry services company EnerMech has appointed Celestino Maússe to the newly created role of Mozambique country manager as the company seeks to expand its business as local activity ramps up.In his new role, Enermech said…

Europe's Largest: CIP to Launch Offshore Wind-powered Ammonia Plant in Denmark

Feb 23, 2021

Danish energy infrastructure investments firm Copenhagen Infrastructure Partners is looking to build what it says is Europe’s largest production facility of CO2-free green ammonia, with the final product aimed at the shipping and agriculture sector as a means to reduce emissions…

HydroSurv, Sonardyne in 'Transformative' USV Tech Collab for Offshore Industry

Feb 23, 2021

Uncrewed surface vehicle (USV) specialist HydroSurv Unmanned Survey has teamed up with marine technology specialist Sonardyne to develop and demonstrate what the companies say will be transformative seabed-to-shore sensing and data acquisition technologies for offshore operations…

Ashtead Technology Upgrades Tech Center to Support Renewables and Decom Work. Launches Recruitment Drive

Feb 23, 2021

UK-based subsea technology and services provider Ashtead Technology said Tuesday it has invested £ 1million to develop a new R&D and engineering facility in Aberdeenshire to support renewables and decommissioning work. 'Upgrading an existing site at Thainstone Business Park…

Samsung Heavy Settles Brazil Graft Investigation for $149M

Feb 23, 2021

South Korean shipbuilder Samsung Heavy Industries agreed to pay 812 million reais ($148.56 million) in a leniency deal with Brazilian authorities to settle corruption investigations, federal prosecutors said late on Monday.On its website, the…

Premier Oil, Chrysaor Merger Gets Approvals from Regulators in UK, Mexico

Feb 23, 2021

UK-based oil company Premier Oil said Monday that all of the regulatory conditions relating to its merger with Chrysaor 'have now been satisfied and all of the requisite anti-trust approvals have been received.'Premier oil said following receipt of notice from the Oil and Gas Authority (OGA)…

DEME Offshore to Install Giant Monopiles for Baltic Sea Wind Farm

Feb 23, 2021

Belgian offshore installation company DEME Offshore has been awarded a substantial contract to deliver foundations for Parkwind's offshore wind farm in the Baltic Sea, offshore Germany.DEME Offshore will be responsible for engineering, procurement…

Neptune Energy Starts Production from Gjøa P1 Project Off Norway

Feb 23, 2021

Oil and gas company Neptune Energy said Tuesday it had brought online the Gjøa P1 development in the Norwegian sector of the North Sea.Gjøa P1 has been developed via a new subsea template, tied back to existing infrastructure on the Gjøa field…

TechnipFMC to Deliver Subsea System for Petronas' Limbayong project

Feb 23, 2021

Oilfield services company TechnipFMC has won a 'substantial' contract by Petronas Carigali in Malaysia for the provision of subsea systems and associated equipment for the Limbayong deepwater development offshore Malaysia. TechnipFMC will, through its subsidiary FMC Wellhead Equipment…

Enauta Resumes Output from Atlanta Field after Corrosion-Induced Halt

Feb 22, 2021

Brazilian oil and gas company Enauta has resumed production from its Atlanta offshore oil field, in the Santos Basin, in Brazil.Enauta, previously known as Quireoz Galvao, had in November 2020 announced the 'preventive suspension' of Atlanta field’s production…

UK: Tailwind Sanctions Evelyn Development

Feb 22, 2021

UK-focused oil company Tailwind has reached a final investment decision (FID) on its Evelyn field project in the North sea, following approval by the UK oil and gas regulator OGA last week.The Evelyn field is part of the Triton Cluster. Tailwind…

Poland in Race Against the Clock to Approve Baltic Offshore Wind Subsidies

Feb 22, 2021

Poland is racing against the clock to authorize subsidies for Baltic offshore wind power projects totaling 5.9 gigawatts by mid-2021, the climate minister said on Monday, as the country tries to shift away from its heavy dependence on coal.The…

Saipem Bags $1.7B Deal to Build Offshore Facilities for Qatar's North Field

Feb 22, 2021

Italian offshore energy services contractor Saipem has received from Qatargas a letter of award for the development of the North Field Production Sustainability Offshore Project, located offshore of the North-East coast of Qatar peninsula. The contract is worth approximately $1…

DNV GL Secures 3-Year Contract with Total in UK North Sea

Feb 22, 2021

Classification society and quality assurance firm DNV GL has been awarded a three-year contract with Total in the UK to provide various services across the company's UK North Sea assets.DNV GL will provide core services such as verification…

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