Ørsted Inaugurates Historic Taiwanese OWF
Global offshore wind solutions provider Orsted inaugurated the Formosa 1 offshore wind farm in Taiwan, the first offshore wind farm built by Ørsted in Asia-Pacific.In the past three years, Ørsted has worked closely with joint venture partners, secured NTD 18.7 billion in project finance and constructed…
First Subsea to Cover Formosa 1
UK-based offshore technology services provider First Subsea has delivered beach landing cable protection for three export cables on the 120MW Formosa 1 Phase 2 offshore wind farm in Taiwan.According to the Lancaster-based company, the contract was awarded by Jan De Nul Group, EPCI contractor for delivery…
Formosa 1 Phase 2 Foundations Installed
Jan De Nul Group said it has installed all 20 foundations for the 120-megawatt (MW) Formosa 1 Phase 2 wind farm offshore Taiwan.As part of the Dutch company mobilized the Seaway Yudin to install the foundations as part of its EPCI contract for building of the overall balance of plant.The foundations…
Massive TP's Shipped for Taiwan Windfarm
Jumbo reports completion of a shipment of the "heaviest, tallest and the largest diameter "Transition Pieces (TP’s) it has ever transported.The TP’s were shipped for Jan De Nul Group in cooperation with brokers Multi Marine Chartering B.V. from Laem Chabang to Taichung, where they will form part of Taiwan’s…
Jan De Nul Installs Cables for Formosa
The provider of specialized services for the offshore industry, Jan De Nul Group said that its cable laying vessel Willem de Vlamingh has completed installation of the three export cables at the 120MW Formosa 1 phase two offshore wind farm in Taiwan.The maritime infrastructure main focus is dredging…
Total Taps Warn as Investor Relations SVP
French supermajor Total has appointed Brendan Warn as Senior Vice-President, Investor Relations, effective January 1, 2019. He succeeds Mike Sangster.Prior to joining Total, Warn was Managing Director and UK Head of Equity Research at BMO Capital Markets in London. HE has more than 13 years of experience…
JERA Joins Taiwan, UK Offshore Wind Projects
Japanese energy group JERA joined in the Formosa 1 offshore wind power project in Taiwan and Gunfleet Sands offshore wind power project in the U.K.JERA has entered into an agreement with Macquarie Capital and Swancor to acquire a combined 32.5% equity interest in the Formosa 1 offshore wind power project, located off the north-western coast of Taiwan.
TransCanada, M2 to Build New Crude Storage Facility in Cushing
TransCanada Corp plans to build a new crude oil storage facility in Cushing, Oklahoma in partnership with M2 Infrastructure LLC, an affiliate of U.S. private equity firm Lone Star Capital, M2 said on Wednesday. The facility will be able to store 6.2 million barrels of crude oil and will be located at TransCanada's terminal in Cushing…
Macquarie Closes its London O&G Investment Desk
Australia's top investment bank Macquarie Group has closed its London-based upstream oil and gas advisory after a sharp drop in global deal making in recent years, banking sources said on Friday. The business, which oversaw the oil and gas production sector in Europe, Middle East and Africa, and which consisted of eight employees, was closed this week.
Macquarie Closes its London O&G Investment Desk
Australia's top investment bank Macquarie Group has closed its London-based upstream oil and gas advisory after a sharp drop in global deal making in recent years, banking sources said on Friday. The business, which oversaw the oil and gas production sector in Europe, Middle East and Africa, and which consisted of eight employees, was closed this week.
Dutch Offshore Wind Tender Attracts Bids
Some of Europe's biggest energy companies, including Shell, RWE and Vattenfall, are competing in a Dutch offshore wind tender seen as one of the biggest green energy projects on offer in Europe this year. The Dutch government has an ambitious target to more than quadruple its offshore wind energy capacity…
Coryton Terminal Opens as Glut Grows
Project has benefited from rising oil supplies; Operator Greenergy sees more investments. The Thames Oilport terminal near London opened on Wednesday after nearly four years of development, at a time a global oil glut and a collapse in fuel prices is making storage an attractive investment. A first tanker…
Beach, Drillsearch Merger
Beach Energy Limited and Drillsearch Energy Limited announced that they have entered into a binding Merger Implementation Agreement that will create the leading mid-cap ASX oil and gas company through an all-scrip merger. Under the terms of the agreement, Beach has agreed to acquire all of the shares…
Kentucky: 'War on Coal' Yields to Hope for New Economy
When Dan Mosley became head of Kentucky's Harlan County government this year, he promised - like those elected before him - to defend the state's beleaguered coal industry. But Mosley also vowed to do something else for his county: help build a new economy based on something other than coal. "The best…
Apache Exits Australia E&P Business with $2.1b Sale
U.S. oil and gas company Apache Corp said it would exit its exploration and production business in Australia by selling its unit there to a consortium of private equity funds for $2.1 billion in cash. The sale of Apache Energy Ltd to a consortium of funds managed by Macquarie Capital Group Ltd and Brookfield Asset Management Inc has an effective date of Oct.
Buyers Bide Their Time in $110 bln Oil Asset Sell-Off
With more than $110 billion of oil and gas assets on the block as companies big and small count the cost of the collapse in oil prices, it is now a question of who will blink first to set the M&A scramble in motion. Energy groups with spare cash, venture capital funds and multinational and state oil…
