United Heavy Lift moves 8,000-tonne turret
United Heavy Lift has safely moved an 8,000-tonne turret for Equinor’s new Johan Castberg FPSO. The turret is designed by SBM Offshore and will now be shipped from Drydocks World Dubai to Singapore where the...Read more
Scana Offshore wins contract for Equinor’s new floating wind farm
PRESS RELEASE – Kvaerner has awarded Incus-owned Scana Offshore a contract for the supply of mooring equipment to Hywind Tampen, Equinor’s new floating wind farm. The contract is Scana Offshore’s first hardware contract in the floating...Read more
Oil companies cut investments by tens of billions of dollars
Faced with the coronavirus and the crude price collapse, oil and chemical companies are drastically scaling back capital investments to preserve cash. Most major companies have announced multibillion-dollar reductions. Shell will reduce its 2020 capital expenditure...Read more
More than 200 European oilfield service providers face bankruptcy
More than 200 European mid- and small-sized oilfield service companies face insolvency as Covid-19 will hit the market hard and cut purchases by USD 5 billion year-on-year, a new analysis by Rystad Energy shows. In pre-coronavirus...Read more
Equinor will spend EUR 5 billion to cut emissions with 40% by 2030
Equinor has launched a new climate initiative to reduce the absolute greenhouse gas emissions from its operated offshore fields and onshore plants in Norway with 40% by 2030, 70% by 2040 and to near zero...Read more
OHT bags large Dogger Bank wind contract
Offshore Heavy Transport (OHT) has won a large transport and installation contract for two of the three Dogger Bank offshore wind farms, each capable of delivering 1.2 GW of electric power. The contract will be...Read more
Jan de Nul secures contract for world’s largest wind farm
Jan de Nul has secured a major offshore wind contract. The company will install the turbines for the 3.6 GW Dogger Bank Offshore Wind Farms, which is the largest wind project in the world. Jan...Read more
Equinor obtains five new exploration licenses for UK Shelf
The Oil and Gas Authority has granted Norwegian oil major Equinor five new licenses for exploration on the UK Continental Shelf, which is a major market for the oil company. The licences are situated in the...Read more