The Netherlands and Denmark have signed an agreement of intent in which they agree to have power and energy network operators TenneT, Gasunie and Energinet carry out further research into a joint energy hub in the North Sea. Eric Wiebes, Dutch Minister of Economic Affairs and Climate Policy said: “Denmark is an important partner for…
Irish based oil and gas company Providence Resources has signed a farm-out deal for a 50% working interest in the Barryroe Oil and Gas Field with SpotOn Energy, the Norwegian based resources company partnering with a Consortium of international service providers to fund, develop and produce the Barryroe oil and gas field. Barryroe, located around…
Equinor and SSE have announced a financial close on the first two phases of the world’s largest offshore wind farm project – the Dogger Bank in the UK North Sea. Capital expenditure for the first two phases will total about £6 billion (€6.7 billion), including offshore transmission Capex of about £800 million for each phase.…
Energy services company AGR has begun decommissioning operations of Ireland’s first indigenous gas wells in the Kinsale Area in the Celtic Sea, on behalf of PSE Kinsale Energy. In July 2020 Kinsale Energy, a subsidiary of Petronas, said that the Kinsale area offshore gas fields had officially ceased production, after more than 40 years online,…
Despite the coronavirus lockdown putting many projects on hold, around £9.7 billion of new construction and infrastructure projects were awarded in April, according to the Builders’ Conference. The UK construction sector continues to confound and confuse, delivering a record-breaking level by value of new contract awards from verified research carried out by Builders’ Conference amidst…
Netherlands-based Titan LNG have reported a successful completion of the largest LNG bunkering operation ever. The company organised a bunkering of fuel to Heerema’s Sleipnir semi-submersible crane vessel, using the Coral Fraseri LNG carrier in the Port of Rotterdam. They delivered almost 3,300 metric tonnes of LNG in less than 24 hours. The Sleipnir is…
British chemicals company INEOS have announced plans to build two factories, each producing 1 million hand sanitiser bottles per month, in just 10 days. The hand sanitisers will be provided to NHS hospitals for free, in an effort to help during the coronavirus pandemic. One factory will be built at an existing Ineos site at…
Subsea 7 has been awarded a contract between $300 million and $500 million by ConocoPhillips Australia to deliver the SURF scope for the Barossa project, 300 kilometers offshore Darwin, Australia. Subsea 7 is a subsea engineering, construction and services company serving the offshore energy industry. The project scope of work includes project management, engineering, procurement,…
As the threat of the coronavirus continues to grow globally, Copius Group is adjusting its Health & Safety policies as a precautionary measure to safeguard all employees, contractors, clients and the general public. If you have been in an area where the Coronavirus is prevalent in the last two weeks, or have been in contact…
Oil prices have slid by almost 25% this year on the back of lower demand and slower expected economic growth, according to Rystad Energy. The outbreak of the coronavirus disease is to cause extensive staffing and supply shortages in the oil and gas industry, as well as a fall in investment of around $30 billion (£23.4bn) in 2020.…