Business & Finance
SINN Power enters Americas market
German marine energy start-up SINN Power has opened an office in the Americas and appointed three new members to its team.
India searching for missing workers after cyclone sinks barge
Search and rescue efforts continue for workers who went missing after cyclone Tauktae hit a barge working off the coast of Mumbai, India.
Poland to invest billions of Euros in offshore wind, green hydrogen, port development
The Polish government has allocated more than € 4 billion for offshore wind, port development, and hydrogen production and distribution in its National Reconstruction Plan (KPO). The KPO has been adopted by the Council of Ministers and submitted to the European Commission through which Poland will t
NS to digitalise Norsepower’s wind propulsion technology
Finland-based provider of auxiliary wind propulsion systems Norsepower has partnered with UK’s ship management company Newport Shipping (NS) to become wind propulsion provider within NS digital platform created for shipowners planning retrofit projects.
Subsea sector urged to act now to profit from energy transition
The subsea industry must act now to capitalize on the energy transition as the road to net zero is already underway and companies need to meet the change of pace required, according to Tom Heggarty, principal analyst in Wood Mackenzie’s Energy Transition Practice. Opportunities include facilitating
Equinor selects subsea concept for stranded Norwegian assets
Equinor and its partners have selected a concept for developing six discoveries in a joint unitisation project on Haltenbanken.
BP and Eni in talks to combine upstream portfolios in Angola
Eni and BP have entered into a non-binding MoU to progress detailed discussions on combining their upstream portfolios in Angola.
NKT posts strong Q1 2021 results, all divisions deliver
NKT has reported a revenue of €296 million in the first quarter of 2021, a 21% organic growth from the €240 million in the same quarter of 2020, with positive growth from all of the company’s three business lines. Operational EBITDA increased for all the business lines and almost tripled from €10.2
Investor calls for removal of five Hurricane Energy directors
Activist investor Crystal Amber, which holds more than 11 per cent of Hurricane Energy, has called for general meeting of shareholders to remove all non-executive directors of Hurricane.
Maersk Supply targets offshore wind and oil markets in Norway
Maersk Supply is making a move to enter Norway, targeting the towing and installation of units for offshore wind and the oil & gas industry.
Seacor liftboat capsized while lowering legs – preliminary report
A U.S. government safety investigative agency has issued a preliminary report following the incident with the Seacor Power liftboat.
ExxonMobil hopes to repair faulty Guyana FPSO parts before mid-2021
ExxonMobil is working to resolve technical challenges and design issues on its Liza Destiny FPSO as it awaits the arrival of a key component.
Diana Shipping inks sustainability-linked loan
Greek shipping company Diana Shipping has signed a sustainability-linked loan facility with Dutch ABN AMRO Bank through six wholly-owned subsidiaries in the amount of $91 million.
Saipem in talks to buy floating offshore wind specialist
Italian offshore energy specialist Saipem has entered into exclusive negotiations with a European company to acquire its subsidiary specialising in floating wind technology. Saipem is in negotiations with France’s Naval Group to acquire its subsidiary – Naval Energies. The start of the exclusive neg