The European Commission has approved the acquisition of OLT Offshore LNG Toscana by SNAM and the UK’s First State Investments International (FSI), under the EU merger regulation.According to the Commission, OLT is active in the management of…
Norwegian offshore vessel owner GC Rieber Shipping has clinched two crew-boat contract extensions in the Russian Far East.Through its JV with Russian company Prisco, GC Rieber signed a new 1+1 year charter agreements with Sakhalin Energy Investment…
Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK) have purchased minority interests in the lease and operation of a newbuild floating production, storage and offloading unity (FPSO) from majority owner SBM Offshore. FPSO Sepetiba…
Japanese offshore wind power player Hibiki Wind Energy has selected the Danish manufacturer of offshore wind turbine MHI Vestas Offshore Wind as preferred wind turbine supplier for the 220 MW Hibikinada Offshore Wind Farm (OWF).Hibikinada is the first awarded…
A group led by Japan's Mitsubishi Corp will buy Eneco in a deal valuing the Dutch energy firm at 4.1 billion euros ($4.52 billion), Eneco said on Monday, beating off rival bids from Shell and private equity firm KKR.Eneco, a company owned by…
Northland Power has completed installation of 31 MHI Vestas turbines on the monopile foundations for the 269MW Deutsche Bucht offshore wind farm in the German North Sea.MHI Vestas Offshore Wind said that the 31 wind turbines were installed on…
Installation is underway at Northland Power’s Deutsche Bucht offshore wind farm as MHI Vestas and other installation partners have successfully installed the first of 33 wind turbines.Deutsche Bucht, located 95 km northwest of the island of Borkum in the German North Sea…
Norway's Petroleum Safety Authority has given the green light to Cairn subsidiary Capricorn Norge to drill a well in block 6508/1 in the Norwegian Sea.The consent applies to the drilling of exploration well 6508/1-3 in a prospect named Lynghaug…
Several major Occidental Petroleum Corp shareholders have voiced opposition to the oil company's $38 billion bid for rival Anadarko Petroleum Corp that now includes a pricey financing deal with billionaire Warren Buffett.Occidental and Chevron…
Anadarko Petroleum Corp,which is the target of a bidding war between Occidental Petroleum Corp and Chevron Corp, reported a 7.2 percent fall in adjusted quarterly profit on Thursday, as it sold oil at lower prices.The oil and gas producer said adjusted net income fell to $259 million…
Norway's Petroleum Safety Authority has given consent to Norwegian based Wellesley Petroleum to drill exploration well 25/1-13 in the North Sea.Wellesley is the operator for production licence 871 in the North Sea.Well 25/1-13, named Balcom…
Oil prices dropped about 2 percent on Friday, weighed down by a falling U.S. stock market, while weak economic data from China pointed to lower fuel demand in the world's biggest oil importer.Brent crude futures for February delivery fell $1…
Mitsubishi Corporation (MC), through its wholly-owned subsidiary Diamond Transmission Corporation (DTC), has been selected as the preferred bidder for a new, offshore electricity transmission link in the UK.According to a press release, this…
Japan's largest trading company Mitsubishi Corporation (MC) announced the divestment of shares in Diamond Green Limited, with 30% to be transferred to The Kansai Electric Power Co., Inc (KEPCO) and 20% to Mitsubishi UFJ Lease & Finance Company Limited (MUL)…
Northwester 2 in Belgium will be the world’s first offshore wind park to feature the V164-9.5 MW turbine from MHI Vestas Offshore Wind.It’s full steam ahead for Belgium’s next offshore wind park as MHI Vestas and Parkwind confirm the firm order for the supply and installation of 23 V164-9…
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