It’s been quite a week offshore Norway, with Equinor notching a commercial-looking find and ConocoPhillips finding oil and gas, as drill bits turn and investments get the nod.While OE Digital reported Equinor’s find, ConocoPhillips’ discovery…
Swiss technology company ABB ABB has won a big contract to connect the world’s largest offshore wind farm (OWF) to Britain’s electricity grid.ABB has been selected by energy companies SSE Renewables of the UK and Equinor of Norway to supply…
Total is seeking to sell its 12.5% stake in a major deepwater oilfield off the coast of Nigeria, industry and banking sources said, in an effort to adjust the energy company's Africa portfolio amid a broad expansion.The stake in Oil Mining Lease (OML) 118…
Saudi Aramco said on Wednesday it was joining the World Bank's initiative to reduce gas flaring to zero by 2030 and said its flaring was already less than 1% of its total raw gas production in the first half of 2019.Aramco kick-started its initial public offering (IPO) this week…
Economists have lowered their forecasts for the Brazilian government's primary budget primary deficit this year but raised it for next year, an economy ministry survey showed on Tuesday.The expected increase in the 2020 deficit compared with…
Ørsted, the largest energy company in Denmark, has secured nominal TWD 12 billion (USD 395m) through the issuance of green senior bonds, to finance its investments in offshore wind in Taiwan. This transaction marks the first ever green TWD bond to be issued by a foreign corporate in Taiwan…
Marine contractor Jan De Nul said that its new offshore jack-up installation vessel Voltaire has secured a contract from the world’s largest offshore wind farm, Dogger Bank Wind Farms.Voltaire with a lifting capacity of over 3,000 tonnes and standing taller than the Eiffel tower…
Watson Farley & Williams (WFW), an international law firm based in London, said that it has advised Race Bank Wind Farm Limited on its USD 608 million sale of transmission system assets relating to the 573 MW Race Bank offshore wind farm to Diamond Transmission Partners…
Independent oil firm DNO swung to a third-quarter loss amid writedowns on assets in the North Sea and northern Iraq, the Norwegian company said on Thursday.The company's third-quarter loss came in at $140.9 million from a year-ago profit of $98…
GE Renewable Energy has generated first power from its 12MW Haliade-X prototype - the world's largest and most powerful wind turbine - located at Maasvlakte, the Port of Rotterdam.According to GE, local teams will now proceed with the testing phase…
Macquarie Infrastructure and Real Assets (MIRA) has agreed to lift its shareholding in the 576-MW Gwynt y Mor offshore wind farm in the UK by purchasing an additional 10% stake for an undisclosed sum.MIRA has managed a 10 per cent stake in Gwynt…
Siemens Gamesa Renewable Energy (SGRE) has received a firm order from a consortium between Macquarie Capital Limited and Swancor Renewable Energy Co to install the 376-MW Formosa II offshore wind farm project (OWP) in Taiwanese waters.The project…
Baker Hughes Co reported a rise in quarterly adjusted profit on Wednesday, helped by increased demand for its oilfield services and higher margins for its turbomachinery such as gas turbines and compressors.The company's results contrasted with…
West African focused oil and gas company LEKOIL announced on Friday it has signed a new $11.5 million debt facility with FBNQuest Merchant Bank.The facility has a maturity of four years and is repayable quarterly with a margin of London Interbank…
Dutch maritime contracting company Royal Van Oord said that its installation vessel Aeolus has completed the installation of the first monopile at the Borssele III & IV offshore wind farm.In the coming months, Van Oord will place a total of…
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