Petroleos Mexicanos, Mexico's national oil company, released 2Q 2014 financial results last Friday. Total sales increased by $15.9 billion pesos (US$1.2 billion), which represented 4% growth year-over-year. The growth is primarily attributed to a 27…
Chinese industrial conglomerate Fosun International Ltd. is buying Australia’s Roc Oil Co. Ltd. in an all-cash, A$474 million (US$441 million) transaction. Sydney-based Roc Oil has assets from Australia to Malaysia, China, and the UK North Sea…
The HelWin2 converter platform being transported. More than 3.8GW of offshore wind transmission capacity is being installed by TenneT offshore northern Europe. Meg Chesshyre found out more…
BW Offshore has agreed a US$800 million, 10-year credit facility for the Catcher floating production, storage and offloading project. The facility is a combined construction and long term financing facility. The credit facility was substantially…
The Energy Research Centre of the Netherlands (ECN) conducted tests to validate and subsequently approved Mitsubishi Electric’s compact wind lidar as complying with European wind measurement standards. The lidar (portmanteau of “light”…
Westermeerwind BV reached financial close on 25 July for the turnkey construction of the Westermeerwind wind farm in IJsselmeer, Netherlands. Work can now start on building the 48 wind turbines. The Westermeerwind wind farm consists of…
The Inez H. Eymard lift boat. Photo from Nick Welz, Tetra Tech Inc. Dominion Virginia Power is using L/B Inez H. Eymard for geotechnical site work this summer. Throughout July…
China National Petroleum (CNPC) and Cupapetroleo (CUPET) signed a framework agreement to increase crude output and production sharing and a cooperation agreement on drilling services in Havana, Cuba on 22 July. Under the agreements, CNPC…
DONG Energy, Denmark's largest energy company, has awarded three contracts to civil engineering group WSP for design work on the onshore substations for three offshore wind farms. WSP says detailed design on the projects is now underway…
Serica Energy has completed a farm out on UK East Irish Sea Blocks 113/26b and 113/27c (License P.1482) with Centrica, through its subsidiary Hydrocarbon Resources Limited (HRL). Under the agreement, HRL has acquired an operated 45% interest in the license…
The HelWin Beta platform, on its way out to sea. Photos from HFG. The North Sea is set to continue to provide work for fabricators for 10-20 more years, says Heerema Fabrication Group’s CEO…
Frank Verhoeven Boskalis is eyeing an increasing role in offshore oil and gas and renewables projects—including the potential to dry dock floating production vessels at sea. Elaine Maslin found out more…
An A60 fire door from InterDam. Just seven years after launching, fire- and blast- resistant door and wall manufacturer InterDam has added some impressive names to its project portfolio…
The UK Maritime and Coastguard Agency (MCA) issued a notice yesterday containing updated requirements for emergency response cooperation plans and requirements for emergency response and search-and-rescue (SAR) helicopter operations relating to offshore renewable energy installations (OREIs)…
DONG Energy released a video showing the installation of the Hejre jacket that occurred on 23 May 2014. DONG Energy has installed the jacket for the Hejre platform in the Danish sector of the North Sea, 292km north west of Esbjerg…
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