MHI Vestas Offshore Wind has hired Swire Blue Ocean A/S to transport and install the wind turbine generators at the Seagreen wind farm, 27 km (17 miles) off eastern Scotland. The company expects to install 114 V164-10 MW turbines in the second half of…
Lalea Energy BV has agreed to acquire 100% participating interest in the Bobocu production licence, onshore south-eastern Romania, from Claren Energy Corporation, Toronto. Lalea will assume the remaining contractual obligations with the Romanian government through the acquisition of 100% of Claren Operations Ltd. a…
The UK upstream oil and gas sector has become leaner and more resilient over recent years. That’s according to GlobalData, which noted that pullbacks in investment and reduced operating costs have helped provide a stronger cash flow outlook under newly weakened oil and gas…
Cortez Subsea, in partnership with Alam Maritim, has completed the first ever subsea pipeline using the Zap-Lok mechanical connector offshore Malaysia. The project championed technology for faster and more cost-effective completion of subsea pipelay. It also marked a lay rate of 4.7 kilometres…
Fugro has begun a four-month marine site characterisation campaign for Swedish energy group Vattenfall at two major offshore wind development sites located over 40 km off the coast of Norfolk, UK. The resulting Geo-data from Fugro’s geotechnical investigations will feed into the ground model…
Aker Solutions plans to separate its wind development business into a new entity, Aker Offshore Wind. A private placement in this company will follow, guaranteed by Aker ASA, to ensure sufficient funding for the next phase of the development. Aker Solutions is already…
Chevron Corporation has agreed to acquire all of the outstanding shares of Noble Energy Inc. in an all-stock transaction valued at US$5 billion, or US$10.38 per share. Based on Chevron’s closing price on the 17th July, and under the terms of the agreement, Noble shareholders…
Lloyd’s insurer Apollo hires Axa XL specie and cargo duo Apollo Syndicate Management – the Lloyd’s insurer named in honour of Neil Armstrong’s 1969 moon landing – has hired two senior specie underwriters from rival Axa XL, Richard Panter and Charlotte Wilson. BMS takes Aon trio…
Oil and gas company Premier Oil has signed sale and purchase agreements with oil major BP for the acquisition of its interests in the Andrew Area and its Shearwater assets, under revised terms announced in June. Premier and BP had signed a US$625 million…
Some oil from China’s swelling storage tanks is finding its way back into the international market as traders jump at the opportunity to source cheap crude for resale to regional refiners. The shipments in question, so far just one million barrels, have been procured…
