July 24th, 20190Oil and gas engineering specialist TechnipFMC a $7.6-billion Engineering, Procurement and Construction (EPC) contract by Novatek and its partners for the Arctic LNG 2 project located in the Gydan peninsula in West Siberia, Russia. TechnipFMC will execute the project under a lump sum and reimbursable basis. It will cover the EPC of the...
July 24th, 20190Louis Dreyfus Armateurs subsidiary Louis Dreyfus TravOcean has sealed its first French offshore windfarm contract. The contract is with EDF Renouvelables and Enbridge for the supply, installation and protection of inter-array power cables for the Saint-Nazaire offshore wind project. "Louis Dreyfus Armateurs Group is confident that...
July 23rd, 20190French offshore service provider Bourbon has applied to suspend its stock listing after creditors requested payment of $800m owed by the company. Bourbon said it is examining available options and intends to pursue discussions with its creditors with the objective to take all appropriate measures to protect its interests and those of...
July 23rd, 20190TechnipFMC has been awarded a major integrated engineering, procurement, construction and installation (iEPCI) contract by Neptune Energy for the Seagull project, located in the Central North Sea. The contract is the second call-off under the recently announced five-year strategic global alliance agreement between TechnipFMC and...
July 23rd, 20190Offshore services giant Schlumberger has appointed Olivier Le Peuch as its new chief executive officer with effect from August 1. Le Peuch has 32 years with the company and takes over from Paal Kibsgaard, who is retiring from his role as chairman and CEO after more than 22 years service. Non-independent director Mark G. Papa will...
July 9th, 20190Denmark has fined French oil and gas firm Total DKK500,000 ($75,100) for discharging chemicals into the North Sea. According to Danish broadcaster DR, the Danish environmental protection agency reported Maersk Oil, the former oil exploration arm of A.P. Moller-Maersk for conducting the activities in 2017. Maersk Oil was taken over...
July 5th, 20190France’s Louis Dreyfus Armateurs (LDA) Group is the latest shipowner to invest in wind power. LDA Group owns, charters and operates over 100 vessels worldwide and has been searching for ways to significantly reduce emissions along with its customer Airbus. The positive results garnered from the testing of the Airseas kite system,...
July 3rd, 20190French car manufacturer Renault is to get 80-90% reduction in CO2 emissions transporting its vehicles on newly commissioned sail roros when they start to deliver in 2021. Nantes-based Neoline, which is developing industrial-scale wind-powered freight services, has selected Neopolia from the Loire region of France to build two sail...
July 2nd, 20190TechnipFMC has secured major subsea contracts from Reliance Industries for the MJ1 field, located in deep water offshore India in the Krishna Godavari basin. The contracts cover the fabrication and installation of flexible risers, rigid and flexible flowlines and umbilicals. “These awards confirm the trust we have built over the...
July 1st, 20190Jacques de Chateauvieux is determined to be front and centre of the restructuring of his OSV firm, Bourbon. The founder of the offshore giant has won board approval to reunite the functions of chairman and CEO. In the management shuffle, Gaël Bodénès has become deputy CEO and Thierry Hochoa will serve as chief financial officer. De...
