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Bilfinger receives inspection contract from Total for assets in Denmark


Bilfinger receives inspection contract from Total for assets in Denmark
11 May 2021 (Last Updated May 11th, 2021 15:03)
Bilfinger has secured a contract from Total E&P Denmark to perform inspection services on the offshore assets.
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Bilfinger will provide inspection services for Total’s offshore assets. Credit: wasi1370 / Pixabay.
The $48.6m (€40m) five-year contract will be effective from July 2021 and have two one-year extension options.
Bilfinger Salamis Danmark, a subsidiary of UK-based Bilfinger Salamis, will be responsible for delivering a range of services with a focus on advanced non-destructive testing techniques, across all of Total’s offshore assets in Denmark.
Bilfinger’s office in Esbjerg, Denmark, will manage the contract work. ....

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STATS Group showcase Tyra isolation and tie in success in Danish North Sea


STATS Group showcase Tyra isolation and tie in success in Danish North Sea
STATS Group’s expertise in isolation projects, extending asset life and the decommissioning of pipeline infrastructure, was on show this week at a Virtual Tech Showcase hosted by Energy Voice.
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STATS Group s 8in SureTap ST410-90 Hot Tap Machine
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STATS Group’s expertise in isolation projects, extending asset life and the decommissioning of pipeline infrastructure, was on show this week at a Virtual Tech Showcase hosted by Energy Voice. ....

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Noreco: Underwritten RBL Increase to USD 1.1 Billion and Maturity Extension


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OSLO, Norway, Feb. 2, 2021 /PRNewswire/ Norwegian Energy Company ASA ( Noreco or the Company ) announces that it has entered into an underwriting agreement with five banks for a USD 1.1 billion Reserve Base Lending facility (the RBL or the facility ) with a seven-year term and maturing in 2028.  As a result of this, the Company will have a strong financial position as it progresses the Tyra Redevelopment project with amortizations scheduled to commence from the second half of 2024.
The USD 200 million increase in the RBL facility and two-year maturity extension will further reinforce the Company s capital structure and is underpinned by a borrowing base that is expected to provide cash drawing capacity of USD 1.0 billion at close.  In addition, Noreco has established a link in the RBL to ESG targets on emissions intensity reduction and power from renewables that will support progression of the Company s ESG strategy. ....

Cathrine Torgersen , Euan Shirlaw , Danish Underground Consortium , Norwegian Energy Company , Investor Relations Communications , Lloyds Bank , Deutsche Bank , Prnewswire Norwegian Energy Company , Oslo Stock Exchange , Reserve Base Lending , Tyra Redevelopment , Chief Financial Officer , டேனிஷ் நிலத்தடி கூட்டமைப்பு , நோர்வே ஆற்றல் நிறுவனம் , முதலீட்டாளர் உறவுகள் தகவல்தொடர்புகள் , லாயிட்ஸ் வங்கி , டாய்ச் வங்கி , ஒசிலோ ஸ்டாக் பரிமாற்றம் , இருப்பு அடித்தளம் கடன் , டைரா மறுவடிவமைப்பு , தலைமை நிதி அதிகாரி ,

Dana Terminates Maersk Drilling Deal


Maersk Drilling announced Friday that it has received notice of early termination of a one-well contract with Dana Petroleum Denmark B.V.
Maersk Drilling announced Friday that it has received notice of early termination of a one-well contract with Dana Petroleum Denmark B.V.
Maersk outlined that it expects to receive compensation for the cancellation in the form of a termination fee. The contract, which was first announced in the company’s May 2020 fleet status report, was originally expected to commence in May last year. Maersk announced in October 2020 that the contract had been deferred and that the updated date of commencement would be determined at a later stage. ....

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