Business & Finance
BP and EnBW’s €11.65bn Scottish plan includes 2.9 GW of offshore wind, green hydrogen
After announcing their intention to bid in the ScotWind seabed leasing this May, British oil & gas major BP and German offshore wind developer EnBW have now detailed on their plan in Scotland, which encompasses more than offshore wind. With an investment of GBP 10 billion (around EUR 11.65 billion),
Italian cabling giant sets up net-zero target
Italian cabling giant Prysmian has set up a target to achieve net-zero for its global operations between 2035 and 2040, as well as for its value chain emissions by 2050. Prysmian announced the commitments as part of its new Climate Ambition and Social Ambition frameworks. In terms of Climate Ambitio
Santos bid to form $16 bln regional powerhouse rejected by Oil Search
The Papua New Guinea-focused oil, gas, and LNG producer Oil Search has rejected a merger offer made by Australia’s energy major Santos.
SEAMOR Marine and DroneQ Robotics team up for ROV solutions
Unmanned technology systems operator and integrator DroneQ Robotics has signed a partnership with Canadian remotely operated vehicle (ROV) developer SEAMOR Marine to boost ROV solutions.
PGS concludes CSEM technology sale
PGS has completed the sale of the hardware, software and intellectual property associated with its towed streamer Controlled Source Electro-Magnetic (CSEM) system to Ocean Floor Geophysics (OFG). The two parties signed an agreement in September 2020 under which OFG acquired the exclusive rights to u
IOG completes challenging Elgood well, but delays affect first gas timing
UK gas company IOG plc has achieved successful flow test results at its Elgood development well in the UK North Sea. However, the company has experienced mechanical challenges during drilling operations, which resulted in an extended duration. As a result, the first gas from IOG’s Core project has b
Taylor Maritime eyes up to 6 Handies with $75M capital raise
The UK-based dry bulk shipping company Taylor Maritime Investments is looking to acquire up to six Handysize vessels as it plans to raise $75 million via a proposed non pre-emptive placing of new ordinary shares.
Kinetrex Energy to be sold to Kinder Morgan for $310m
U.S. energy infrastructure company Kinder Morgan will buy U.S. LNG supplier Kinetrex Energy for $310 million.
OPEC & allies agree to boost output from August and phase out cuts in September 2022
OPEC and allies have agreed to increase oil production starting from August 2021 with plans to end production cuts by end of September 2022.
ExxonMobil elects new senior VP and CFO as Swiger plans to retire after 43 years
Andrew Swiger has decided to retire as senior vice president of ExxonMobil while Kathryn Mikells has been elected as senior VP and CFO.
Activists occupy UK government building in protest against Cambo oil project
Activists have occupied a UK government building as part of a protest against the approval of Siccar Point’s Cambo offshore project.
Petrofac eliminates need for offshore surveys with digital process
Petrofac has collaborated with James Fisher Asset Information Services to eliminate the need for offshore surveys ahead of modifications.
Canada supports clean energy projects with up to $35 million
To reduce emissions, the Canadian goverment will invest up to $35 million for projects led by the British Columbia Center for Innovation and Clean Energy.
John Lawrie launches two new quayside facilities for decom in Scotland
John Lawrie Metals, a decommissioning and recycling services provider, has announced two new quayside decommissioning facilities in Scotland.