The Arkona offshore transformer station in the French shipyard completed

by Timothy Reeder | Mar 2, 2018 | News

All bags for the move from the French Atlantic coast to the German Baltic Sea are packed: the STX France shipyard has now completed the transformer station of the offshore wind farm Arkona in time. The project partners E.ON, Statoil and 50Hertz recognized this...

Shell sees potential LNG supply shortage as global demand surges

by Timothy Reeder | Mar 2, 2018 | News

The global liquefied natural gas (LNG) market has continued to defy expectations of many market observers, with demand growing by 29 million tonnes to 293 million tonnes in 2017, according to Shell’s annual LNG Outlook. Such strong growth in demand is consistent with...

E.ON to build new 57 MW onshore wind farm in Italy

by Timothy Reeder | Feb 19, 2018 | News

E.ON has begun construction of a new onshore wind farm in Italy. The Morcone project in the Benevento province in the wider area of Naples will have an installed capacity of 57 megawatts. Nineteen turbines of the three-megawatt class from the Danish manufacturer...

BP begins production from Egypt’s Atoll gas field seven months ahead of schedule

by Timothy Reeder | Feb 19, 2018 | News

BP recently announced the start of gas production from the Atoll Phase One project, offshore Egypt. The project, in the North Damietta concession in the East Nile Delta, was delivered seven months ahead of schedule and 33% below the initial cost estimate. The project...

Total strengthens its position in the Mediterranean region by entering two exploration blocks offshore Lebanon

by Timothy Reeder | Feb 19, 2018 | News

Total-led international consortium (Total 40%, ENI 40%, Novatek 20%) and the government of Lebanon have signed two Exploration and Production Agreements covering Blocks 4 and 9 located offshore Lebanon, in the eastern part of the Mediterranean Sea. These agreements...

Statoil awards Kværner the contract for the Johan Castberg topsides

by Timothy Reeder | Feb 19, 2018 | News

The contract includes the construction and installation of the topside structure for the floating production, storage and offloading vessel (FPSO) to be located on the Johan Castberg field in the Barents Sea. The contract has a total value of about NOK 3.8 billion....