LNG
Australia’s largest LNG producer slashes expenditure in half
Woodside, Australia’s largest LNG producer, is slashing its total expenditure for 2020 in half and is deferring final investment decisions on a number of major…
More than 200 European oilfield service providers face bankruptcy
More than 200 European mid- and small-sized oilfield service companies face insolvency as Covid-19 will hit the market hard and cut purchases by USD 5…
Offshore wind
US offshore wind investments could overtake offshore oil and gas by 2025
Installed offshore wind capacity in US waters could reach 20GW by 2030 and annual investments in the sector could surpass USD 15 billion by the…
Kvaerner reports high revenues but warns for lower rates in 2020
Norwegian EPC-contractor Kvaerner has booked high revenue and order intake in the third quarter of 2019. However, CEO Karl-Petter Løken warns of a poorer year…
TechnipFMC’s orderbook skyrockets in second quarter
TechnipFMC has booked record inbound orders in the second quarter of 2019, with total company orders reaching a value of USD 11.2 billion. CEO Doug…
Offshore wind
Jack-Up Barge to aid Van Oord at Deutsche Bucht
Jack-Up Barge has signed a new contract with Van Oord to aid the Dutch offshore contractor in the construction of the offshore wind farm Deutsche…
Offshore wind
Boskalis wins new offshore wind contract from Ørsted
Boskalis has won a new offshore export cable installation contract for the Hornsea 2 offshore wind farm. The contract with a value greater than 100…
Construction
LNG “major boon” for EPC contractors and project carriers
EPC contractors and project carriers can expect a rise in demand as final investment decisions are taken on the construction of a large number of…