A trade body has hit out at “increasingly unsustainable” contracts in offshore wind, threatening targets for its rollout.
Diversify into Green Energy they say, “pivot”, but those who have successfully achieved this know it takes time and the path is fraught with danger... with the devil being in the detail.
KCA Deutag has hailed a series of contract awards worth around $550million (£388m) across the UK, Russia and Norway.
A raft of North Sea decommissioning contracts are on the way from operators including Harbour Energy, Eni, CNOOC, Taqa and more.
Babcock took a £5.2million hit for “loss-making contracts” for its North Sea helicopter business in the 2020 financial year.
The RMT has accused Vattenfall of threatening to “fire and re-hire” its members of staff in an alleged dispute over changes to contracts.
This article is intended as a quick legal guide of some key points for busy Energy executives who need to manage business risk exposure when global supply chains are disrupted.
Wood has secured a $75million (£58.2m) contract with Equinor for its Mariner field, supporting around 100 jobs.
Oil and gas operators may have to be increasingly aware of the legal concept of "good faith" when drawing up future contracts, according to one of the UK’s foremost legal experts.
Petrofac has shared details of a number of contracts that will potentially be put out to tender over the next year.
Norwegian shipping giant Farstad has won a number of charter contracts for its fleet.
Aberdeen based oil service giant Wood Group claims its reputation has kept business coming through the door during the downturn.
HB Rentals has net contracts worth more than £1million for the manufacture of workshops, local equipment rooms and pressurised offshore service modules for multiple clients.
A union has launched a scathing attack on fresh proposals for North Sea workers which could add an additional 45 hours to their year.
Iran will invite international oil companies to submit bids in October under the long-awaited new contract model for energy investors, as the OPEC producer seeks billions of dollars to boost output after years of international sanctions.
A London-headquartered offshore drilling contractor has agreed to rent out two of its rigs to a customer in the Middle East for another three years in a deal worth $225million (£170million). Saudi Aramco has been leasing Seadrill’s AOD I and AOD II jack-up rigs since 2013. In line with the new agreement, Saudi Aramco will keep hold of the platforms until summer 2019.
Iran’s new model oil contracts, designed to lure billions of dollars in foreign investment for its energy industry, still need revisions and the government is confident the first deals will be signed within months, Oil Minister Bijan Namdar Zanganeh said.
DOF Subsea has won a number has won a number of contracts worth more than NOK500million.
Statoil has signed new agreements with OneSubsea and Aker Solutions. The Norwegian operator said the agreement signed form the basis for potential new EPC contract for subsea equipment in the medium term future.
NOV (National Oilwell Varco) said it has terminated its contract with Estaleiro Atlantic Sul in Brazil to deliver seven deepwater drilling equipment packages.
EMAS Offshore has netted $33million in new contract wins to clients in Asia and West Africa. The company revealed the contracts as it also reported an improved full-year profit. The contracts form part of the Singapore and Oslo-listed firm’s strategy to focus its efforts in West Africa.
McDermott International has been awarded a brownfield project by Qatar Petroleum for the engineering, procurement, construction and installation of four wellhead jackets. The company said the installation of two jackets in the Bul0Hanine field offshore Doha has been scheduled to be completed by December next year.
Statoil has awarded a number of service contracts for seven of its bases in Norway worth an estimated NOK 5 billion. The company said contracts have been given to NorSea Group AS, Saga Fjordbase AS and Asco Norge AS. The agreements include terminal and warehouse services as well as storage and pipeline handling.
DOF Subsea has landed a multi-million pound contract for work on two construction projects in West Africa.