Vestas and new customer ECN Wind Energy Facilities are partnering on the 30 MW Wieringermeer test wind site project in Northern Holland, which includes test opportunities to explore how to drive forward renewable energy power plant productivity and improve grid integration. With renewable energy…
UK-based investment company Cluff Natural Resources (CLNR) has received and accepted the formal award by the UK Oil and Gas Authority for six licences covering a total of ten full and part blocks. The provisional awards for the licences were won by the company…
ExxonMobil has made its ninth discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery on the Stabroek Block in the past year and proving a new play concept for potential development. ExxonMobil had announced its eighth discovery offshore Guyana in June. …
Navigators’ Cameron replaces Gittings as LMA CEO Sheila Cameron, currently head of international operations at Navigators Underwriting, is to become the next CEO of the Lloyd’s Market Association (LMA). David Gittings will be stepping down at the end of the year after 12 years…
Petrofac has received a provisional letter of award for an engineering, procurement and construction (EPC) contract worth US$600 million with Sonatrach for EPC1 of the Tinhert Field Development Project in Algeria. Formal contract signing is expected to take place in September 2018. Located…
Equinor’s current activity offshore Norway is an all-time high for the company, said Arne Sigve Nylund, executive vice president for Development and Production Norway at ONS. Sector-wide, optimism is back, he added. “We are on track to deliver to the Norwegian Continental Shelf (NCS)…
GE Energy Financial Services has announced that it facilitated the raising of €90 million in project financing for stage I (100-megawatt) of DTEK Renewables BV Primorskaya wind electricity plant (Primorskaya WEP), located on the Sea of Azov shore in Zaporizhia region, South Ukraine. Bayerische…
Imperial Oil Ltd expects technical improvements to trim emissions of greenhouse gases from its oil sands projects in Canada by 10% during 2016-23. Along with “continuous improvements in energy efficiency,” the company said in a press release, improvements will come from “next-generation oil recovery…
The Hartford to Acquire Specialty Insurer Navigators in US$2.1 Billion Deal The Hartford Financial Services Group has agreed to acquire specialty insurer The Navigators Group in a transaction that values Navigators at approximately US$2.1 billion. Under the terms of the agreement, Navigators stockholders will…
CNOOC achieved eight new discoveries during the first half of the year, including six offshore China and two elsewhere. The company successfully appraised two finds in the hundred-million-tons of oil equivalent-range in the Bohai Bay area of the South China Sea. It also…
