Business Developments & Projects
Gazprom to increase LNG production for domestic and foreign markets
Russian gas company Gazprom looks into the progress of the projects for the production and supply of LNG and sees the possibility to strengthen the position of Gazprom in foreign markets.
Equinor confirms sixth discovery on Norwegian shelf this year
Norwegian oil and gas giant Equinor has confirmed oil discovery in the Egyptian Vulture exploration well located in the Norwegian Sea.
Boskalis wins prestigious award for the Marker Wadden project
Boskalis has just won the prestigious prof. Dr. Ir. J.F. Agema award for their role in an innovative Building with Nature project – construction of the Marker Wadden in the Markermeer Lake, the Netherlands. This award is given every five years for the best and most innovative hydraulic engineering p
In focus: Ships, oil & gas platforms to get greener by the day with clean fuels and renewables
Massive investment announcements and ambitious new developments in the energy and shipping sectors marked this week on Offshore Energy (well, together with our Offshore Energy Exhibition & Conference), as work on the global energy transition is moving forward through numerous new initiatives.
Shell hits record cash flow while 3Q profits drop
Shell has posted lower than anticipated earnings, which reflect the adverse impact of Hurricane Ida, while its cash flow from operations hit a record of $17.5 billion.
Meyer Neptun Engineering, Leibniz Institute partner up on climate-neutral fuels
Meyer Neptune Engineering, a newly founded startup focused on green innovations and part of Germany’s shipbuilder Meyer Group, plans to cooperate with the Leibniz Institute for Catalysis (LIKAT Rostock) to explore climate-neutral fuels.
ONE-Dyas hands in decom plans for Sean field in North Sea
ONE-Dyas has filed its decommissioning programme for three platforms, located in the Sean field of the UK North Sea, and handed them to the UK authorities.
Petrofac’s new refinancing plan requires $275M capital raise
Petrofac has decided to raise $275 million through new equity to create a long-term, sustainable capital structure and pay off existing debts as part of its refinancing plan.
Equinor increases share buybacks encouraged by boost in profits
Equinor recorded a profit of $1.41 billion in the third quarter of 2021 due to higher prices and solid operating performance.
Norwegians unveil plan to connect Draugen platform to floating wind farm
Norwegian floating wind technology developer Odfjell Oceanwind, exploration and production (E&P) company OKEA, and utility company TrønderEnergi have signed a Memorandum of Understanding to jointly evaluate the potential of developing a floating offshore wind farm that will be connected to the Draug
Eidesvik CEO stepping down to be replaced by current CCO
Eidesvik has revealed its current president and CEO will be retiring from the position, while the company’s current CCO was chosen as his replacement, effective from 1 January 2022.
Oldendorff Carriers orders up to 12 eco-friendly Kamsarmaxes in China
Germany-based dry bulk carrier owner and operator Oldendorff Carriers has signed a contract for two batches of newbuilding contracts for a series of eco-friendly Kamsarmax vessels with Chinese Hantong Shipyard.
Aker BP, DeepOcean, Forssea Robotics develop autonomous subsea drone
Aker BP, DeepOcean and Forssea Robotics have collaborated to develop the underwater Autonomous Inspection Drone (AID).
Eidesvik PSV bags fresh extension from Wintershall Dea
Eidesvik Offshore has won a contract extension with Wintershall Dea for the platform supply vessel (PSV) Viking Princess.