Sembcorp Marine Offshore Platforms Pte Ltd revealed on the 26th December that it has clinched two offshore platform contracts worth over US$405 million (S$550 million). The deals are said to support redevelopment efforts at the Al Shaheen and Tyra fields, which are located respectively…
Boskalis has been awarded a sizable contract to connect an offshore Floating Storage and Regasification Unit (FSRU) to an onshore power plant in El Salvador. For Boskalis, a sizable contract is worth between €50 – €150 million. The contract was awarded by Energia…
With 2019 drawing to a close, GE Renewable Energy has now secured 1215 MW in orders or commitments in the onshore wind sector in China for 2019. Combined, the turbines from these wind farms will power the equivalent of 85,0000 homes in China. These…
Apache Corporation and Total SA have formed a joint venture to explore and develop Block 58 offshore Suriname. The companies will each hold a 50% working interest in the block, which comprises about 1.4 million acres in water depths of less than 100 metres…
Equinor and Rosneft will jointly develop the first stage of North Komsomolskoye field. Total recoverable volumes for Stage 1 are estimated at 250 million bbl of oil and 23 billion cubic metres of natural gas. North Komsomolskoye was a part of a strategic…
Offshore installation contractor Allseas has suspended pipelaying works on the Nord Stream 2 gas pipeline linking Russia and Germany, citing the sanctions from the US introduced on the 20th December. The US National Defense Authorization Act (NDAA) stipulates impositions of sanctions on foreign persons…
Just a few days after making history with producing Guyana’s first ever oil at its Liza offshore field, ExxonMobil has announced another oil discovery near the field. The US major said on the 23rd December that it made an oil discovery offshore Guyana at…
Shell Australia has announced a “significant” gas and condensate discovery in the Browse Basin off the North West Coast of Western Australia. The find was made through the Bratwurst-1 exploration well, which was said to be successfully concluded after a 78-day campaign. The discovery…
On the 9th December the US Treasury Department of Foreign Assets Control (OFAC) announced the designation of several entities, including the Ventspils Freeport Authority, to the Specially Designated Nationals sanctions list, as explained in our earlier web alert which is available here: /risk-management/knowledge-centre/news-and-commentary/2019/12/news-us-sanctions-freeport-authority-of-ventspils-latvia.aspx. On…
Vistra Energy has announced that it has joined the Climate Leadership Council (“CLC”) as a founding member. The CLC is an international policy institute created in collaboration with prominent business, opinion, and environmental leaders to promote a carbon dividends framework as the most cost-effective,…
