CDWE to invest in offshore wind installation vessel

CSBC-DEME Wind Engineering (CDWE) has taken the final investment decision to construct the Green Jade, which is the first floating DP-3 heavy lift and installation vessel to be built in Taiwan.   The vessel will be built at the CSBC shipyard in Kaohsiung and is…

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Oil Business Activity Index Sinks to Historic Low

Activity in the oil and gas sector continued to deteriorate further during the second quarter of this year, according to responses to the latest Dallas Fed Energy Survey.   The business activity index – the survey’s broadest measure of circumstances facing Eleventh District energy firms…

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Lloyd’s Register wins Hywind Tampen support contract

Lloyd’s Register (LR) has secured a contract to provide Human-Machine Interface (HMI) engineering services for the Equinor-operated Hywind Tampen project in the Norwegian North Sea, the world’s first floating wind farm development designed to power offshore oil and gas platforms.   Under the contract, part…

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Gunvor weighs fate of Antwerp refinery

Gunvor Group Ltd, Geneva, has started a process to assess potential mothballing of refining operations at subsidiary Gunvor Petroleum Antwerpen NV’s (GPA) 107,500-b/d refinery located near the Berendrecht and Zandvliet locks in the northern part of Belgium’s Port of Antwerp, home to Europe’s largest integrated…

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Natural Gas Output Poised for 2020 Declines

While global oil production has absorbed the lion’s share of pandemic aftershocks, natural gas output, which was set to grow, is now set to fall by 2.6% this year, according to Rystad Energy.   Associated gas from oil fields will be hit the hardest, losing…

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UK well specialist sets up Norwegian unit

Aberdeen-headquartered Exceed, a well management and performance improvement specialist, has established a Norwegian subsidiary, Exceed Norge.   Exceed said on the 24th June that the Stavanger-based subsidiary is headed up by Managing Director, Mike Simpson, who brings over 30 years’ experience in the Norwegian and…

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