Business & Finance
ExxonMobil loses at least two board seats to Engine No. 1
A long-lasting battle for seats on the ExxonMobil board between the company and activist firm Engine No. 1 is coming to a close with the election of ten new nominees.
Kanfer Shipping orders two LNG bunker vessels from Taizhou Yard
Norwegian shipping company Kanfer Shipping AS has signed a contract with China-based Taizhou Wuzhou Shipbuilding Industry for the construction of its first two small-scale LNG bunker and distribution ships. The order for the 6,000 cbm LNG bunkering pair comes on the back of a Letter of Intent (LoI)
Equinor awards well intervention gig to Maersk rig
Equinor has exercised an option to add well intervention work at the Martin Linge to the previously agreed work scope for Maersk Intrepid.
Dutch court orders Shell to curb emissions in ‘historic ruling’
A Dutch court has ordered Shell to deepen its carbon emissions cuts in a ruling described as the first-of-its-kind, but Shell plans to appeal
Equinor adds third Odfjell rig to drilling fleet
Equinor has awarded a drilling contract to Odfjell Drilling for the use of the sixth-generation semi-submersible rig Deepsea Stavanger.
Nigeria: New Shell and Bonga partners deal to unlock over $10bn investment
The NNPC has signed an agreement with OML118 partners, the home of the Bonga field, which will unlock over $10 billion in investments.
Engie cuts stake in LNG tech specialist GTT
French energy major Engie has sold a 10 per cent share in its compatriot LNG containment specialist GTT at a price of €290 million ($354.9 million).
ABB and Equinor implementing digital monitoring on North Sea platform
ABB has begun a pilot project with Norway’s oil giant Equinor at the Gina Krog platform, which is located in the North Sea.
Yavin Four Consultants expands European presence
Engineering consultancy for offshore renewable energy Yavin Four Consultants (Y4) has established a new base in Italy and appointed Michele Martini as its senior engineer in charge of Italian operations.
Chevron taps Sparrows for Gorgon and Wheatstone ops
Sparrows Group has secured a contract with Chevron for work on the Gorgon and Wheatstone natural gas facilities in Australia.
Crondall assigned technical consultant role on Liza Unity FPSO
Consulting organisation Crondall Energy Consultants has been awarded a technical consultant role on the SBM Offshore-owned Liza Unity FPSO.
Orkney transmission link could bring in £807M to local economy
A new electricity transmission link between Orkney and the Scottish mainland could be worth £807 million to Orkney economy if the wave and tidal energy industry makes use of the cable too, according to a study into the potential value of the cable.
JX Nippon looking to sell UK North Sea assets for $1.5 bln
Japan’s JX Nippon has decided to sell its oil and gas assets in the UK North Sea including its stakes in several biggest fields in the region.
Karoon in dispute with Peru partner over second offshore well
Karoon has received a dispute notice from a partner in its operated Block Z-38, offshore Peru, due to an alleged breach of obligations.