GE Renewable Energy and Future Wind (a joint venture between Pondera Development and SIF Holding Netherlands) have announced that they have signed an agreement to install the first Haliade-X 12 MW wind turbine prototype in Maasvlakte-Rotterdam during summer 2019. The deal includes five years…
AM Best warns of increased Brexit uncertainty for UK insurers uncertainty for UK insurers AM Best has warned that uncertainty as to the UK’s future trading relationship with the EU has increased following the vote in the House of Commons on the 15th January, rejecting…
The Gullfaks partners have decided to drill seven new wells and thereby improve oil recovery by 17 million barrels with good profitability. On behalf of the licence partners, Equinor’s executive vice president for Development and Production Norway, Arne Sigve Nylund, presented an amended plan…
Commissioning has started of Russia’s first floating storage and regasification unit (FSRU) in the Baltic Sea, offshore the Kaliningrad enclave in western Russia. Gazprom contracted the vessel and the associated offshore gas reception terminal to improve the reliability of gas supplies to the Kaliningrad region. Previously it…
Austrian oil company OMV will be undertaking a well intervention campaign at its operated Pohokura gas field located offshore New Zealand. In December 2018 OMV completed the acquisition of Shell’s interests in Pohokura (48%) and Maui (83.75%), as well as related infrastructure for production,…
Continuous oil production at the Horse Hill site is anticipated through most of 2019 – the current test programme will run to spring, before two new wells are drilled and then tested through to the autumn, and, UKOG hopes permanent production will kick off in…
Oil Search has reported that the Pikka B appraisal well has penetrated the Nanushuk formation and successfully encountered hydrocarbons, in line with pre-drill expectations. The well commenced drilling on the 31st December 2018 (AKST) and reached a depth of 1,201 metres (3,934 feet) on the…
Equinor and its partners ExxonMobil, Total, and Norway’s Petoro, have made a natural gas and condensate discovery with the Ragnfrid North (6406/2-9 S) exploration well in the Norwegian Sea. The well, drilled in production licence 199 about 20 kilometres south of the Kristin platform,…
Vryhof, a trusted partner to many of the offshore industry’s leading companies and its three businesses – Deep Sea Mooring, Vryhof Anchors and Moorlink – has announced up to US$75 million in new contracts, starting 2019 on a high. The contracts include landmark deals…
Rooftop solar could be ticking up in value as Pacific Gas and Electric (PG&E) prepares for bankruptcy. Indeed, the devastating wildfires in California might topple PG&E due to a wave of US$30 billion in liabilities. The result could be one of the largest bankruptcies…
