Daily Archives: May 6, 2020

Bosnia closer to connecting to Croatian LNG

By Adnan Bajic Bosnian natural gas grid operator, BH Gas, has completed the preliminary design for the 160-km long Southern Interconnection project. The preliminary design for the project connecting the natural gas networks of Bosnia and Herzegovina and Croatia was delivered at the end of April, the company said in its statement. BH Gas secured…

McDermott scores Caribbean LPG gig

By Mirza Duran McDermott’s unit CB&I Storage Solutions has won a contract to build four liquefied petroleum gas spheres for an energy infrastructure project in the Caribbean region. McDermott defined the contract as “sizable” meaning it is worth between $1 million and $50 million. The scope of the project includes the engineering, procurement, fabrication and…

Saipem inks energy transition pact with CDP

By Adis Ajdin Saipem has signed a memorandum of understanding with Cassa Depositi e Prestiti to jointly evaluate the launch of innovative and sustainable projects aimed at promoting the energy transition in Italy and abroad. The initiatives, focused on decarbonisation, circular economy and energy efficiency, will mainly concern: The development and construction of infrastructures to…

Aker BP swings to loss over impairment charges

By Nermina Kulovic Aker BP sank to a net loss in the first quarter of the year after being hit by impairments due to a significant decline in oil and gas prices. The post Aker BP swings to loss over impairment charges… … Read Full Article Here For more great articles: Offshore Energy Today

Petrofac bags $100 million in contract renewals

By Nermina Kulovic Oilfield services provider Petrofac has secured contract renewals in the UK totalling $100 million. The post Petrofac bags $100 million in contract renewals appeared first on Offshore Energy. … Read Full Article Here For more great articles: Offshore Energy Today

Norden had its best first quarter since 2015

By Naida Hakirevic Although the first quarter of this year was characterised by weak spot rates in dry cargo and strong spot rates in tankers, Danish shipping company Dampskibsselskabet Norden A/S delivered an adjusted… … Read Full Article Here For more great articles: Offshore Energy Today