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Prysmian Group, a world leader in the energy and telecom cable systems industry, has finalized a contract for a project awarded by Vattenfall, a leading European energy company, to provide the submarine inter array cable systems for the Hollandse Kust Zuid III and IV offshore wind farm in The Netherlands, following Vattenfall’s successful bid for the permit to develop these non-subsidized wind farms.

To support a global oil industry heavily impacted by the drop in oil prices and the Covid-19 outbreak, Norwegian SurplusHub has decided to offer industry players the opportunity to market their surplus oil and gas equipment free-of-charge at its global online equipment portal.   

Leading international engineering and design specialists PD&MS Group has been awarded a new three-year contract with options for a further three-year extension with Spirit Energy. The deal, worth an undisclosed multimillion-pound sum, will see the Aberdeen headquartered firm deliver complex modifications for the E&P business.  

Confidence had returned to global exploration with improved performance and the emergence of several new multi-billion-barrel plays. The confidence carried over into 2020 but has evaporated in the face of the Covid-19 crisis and the collapse in oil prices. Short term plans are in a state of flux and exploration strategy is being reset again.

McDermott International, Inc. and its joint venture partner, Chiyoda International Corporation, a U.S.-based wholly-owned subsidiary of Chiyoda Corporation, Japan, have announced that Train 3 of the Cameron LNG project in Hackberry, La., has begun producing liquefied natural gas (LNG).

The latest vessel of Kongsberg Maritime design to enter service, an 81.80m NVC 375 WP freezer trawler named Ilivileq, has just been delivered to its working domain in Arctic waters.

After years of talk about the declining role of oil in the global economy, and of OPEC’s demise, the COVID-19 pandemic has placed Middle East producers at the heart of the drive to prevent the health crisis becoming a global economic catastrophe, says GlobalData, a leading data and analytics company.

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