‘Unrealistic and unsustainable’ offshore wind contracts condemned
A trade body has hit out at “increasingly unsustainable” contracts in offshore wind, threatening targets for its rollout.
contracts
Success only came after some pain for Blaze
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 lands contracts worth $550m in UK, Russia and Norway
KCA Deutag has hailed a series of contract awards worth around $550million (£388m) across the UK, Russia and Norway.
Cluster of North Sea decommissioning contracts on the way
A raft of North Sea decommissioning contracts are on the way from operators including Harbour Energy, Eni, CNOOC, Taqa and more.
Babcock takes £5.2million hit on ‘loss-making contracts’
Babcock took a £5.2million hit for “loss-making contracts” for its North Sea helicopter business in the 2020 financial year.
Vattenfall refutes claims it has threatened to ‘fire and re-hire’ workers
The RMT has accused Vattenfall of threatening to “fire and re-hire” its members of staff in an alleged dispute over changes to contracts.
Global supply chains in a post pandemic world – dealing with disruption in the energy sector
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 wins £58million Mariner contract with Equinor, supporting 100 jobs
Wood has secured a $75million (£58.2m) contract with Equinor for its Mariner field, supporting around 100 jobs.
Concept of ‘good faith’ could be increasingly important in oil and gas contracts
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 shares details of potential upcoming contracts
Petrofac has shared details of a number of contracts that will potentially be put out to tender over the next year.
Farstad shipping wins charter contracts
Norwegian shipping giant Farstad has won a number of charter contracts for its fleet.
Wood Group claims reputation has kept business coming through downturn
Aberdeen based oil service giant Wood Group claims its reputation has kept business coming through the door during the downturn.
HB Rentals nets multiple contracts worth more than £1m
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.
Exclusive: New proposals would put North Sea industry “back years”, union warns
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 to seek investor bids in October with new oil contracts
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.
Seadrill pens £170m rig contract extension with Saudi Aramco
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 draft oil contracts still need revisions, Minister says
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 wins string of contracts worth millions
DOF Subsea has won a number has won a number of contracts worth more than NOK500million.
Statoil signs agreements with OneSubsea and AkerSolutions
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 terminates contracts with Estaleiro Atlantic Sul in Brazil
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 wins $33million of new contracts in Asia and Africa
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 wins wellhead jacket contract
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 awards service contracts in Norway
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 secures new contract
DOF Subsea has landed a multi-million pound contract for work on two construction projects in West Africa.