Moray East Offshore Confirms Financial Close
UK-based Moray Offshore Windfarm (East) announced that it has reached financial close – a major milestone marking the commencement of GBP 2.6 bln of project finance investment.The consortiumwhich develops and operates offshore wind farms…
NKT Confirms Moray East Offshore Contract
Global energy sector supplier NKT has confirmed turnkey order for Moray East offshore wind farm project."NKT has signed a Preferred Bidder Agreement (PBA) for delivery and installation of export cable systems…
Subsea 7 Awarded Substantial Contract
Norwegian subsea services provider Subsea 7 announced the award of a substantial offshore Conventional contract. Subsea 7 defines a substantial contract as being between USD 150 million and USD 300 million.In a press release…
LiDAR Technology for Wind Measurement
Wind measurement experts gathered in London claimed that LiDARs have been replacing met masts to become the sole wind measurement tool used for offshore resource assessment and power curve verification purposes.
Niobe Exploration Well Dry
The Niobe exploration well has been drilled to target depth without encountering hydrocarbons. The well will now be plugged and abandoned. Spudded on 8 June 2015 the well was drilled by the jackup drilling unit Ensco 100 in the P1889 licence…
Niobe Exploration Well Spudded
Drilling of the Niobe exploration well in UK licence P1889 has started. The Norwegian Energy Company ASA (Noreco) group is partner in the licence with a current equity interest of 22.5 per cent. The licence…
Divorce Costs Could Sour Scotland's North Sea Hopes
Scottish nationalists are betting $2.5 trillion of hydrocarbons trapped miles beneath the North Sea could bankroll an independent Scotland, but winning control of the European Union's largest oil reserves would be no blank cheque.
