Business & Finance
Nexans, Bureau Veritas join forces to lower offshore wind export cable risks
Bureau Veritas (BV) and Nexans have signed a partnership agreement to reduce risk and promote best practices for turnkey deliveries of high voltage power cables used for connecting offshore wind farms to onshore grids. With insurers’ studies confirming that high voltage power cables are among the mo
Santos takes FID on $3.6bn Barossa gas project
Santos has taken a final investment decision to proceed with Barossa, the $3.6 billion gas and condensate project, located offshore Australia.
Neptune amends volume estimate for Dugong discovery
Neptune Energy has reduced its volume estimate for the Dugong discovery, located in the North Sea, following an appraisal well drilling.
Karoon restructures exec team as it creates Brazil unit
Following the acquisition of the Bauna offshore field, Karoon Energy has created a Brazil Business Unit and is working to restructure its executive team.
Shell proposes to link directors’ pay to climate performance
Energy major Shell has proposed linking its directors’ pay more closely to the group’s climate performance and severing the link between bonuses and liquefied natural gas (LNG) production volumes.
Oceanteam to sell Southern Ocean vessel. Plans merger with PASSER
Oceanteam has entered into a memorandum of agreement for the sale of the CSV Southern Ocean, announcing also a potential merger with PASSER Group to target high-growth offshore renewable energy market.
Petronas suspends oilfield contractor over alleged illegal scheme
Malaysian oilfield services contractor Deleum Primera has been suspended by compatriot oil company Petronas from participating in future tenders.
Polarcus liquidators file report to Grand Court of the Cayman Islands
The FTI Consulting liquidators, appointed as joint provisional liquidators for seismic contractor Polarcus, have filed a mandatory report to the Grand Court of the Cayman Islands.
Top Petrobras executives leave after clashing with incoming CEO
Several top executives of state-own Brazilian oil company Petrobras decided to leave the company following the end of their mandate on 20 March.
Hexicon and Aker exploring Swedish floating wind opportunities
Aker Offshore Wind and Hexicon have entered into an agreement to together explore floating wind opportunities offshore Sweden. The companies intend to establish a 50-50 joint venture with an ambition to realize multiple Swedish projects with a combined capacity of several gigawatts. Aker Offshore Wi
KRG Engineering to diversify into renewables, expand oil and gas presence
KRG Engineering (KRG), a turnkey precision engineering specialist, has announced plans to expand its presence in the oil and gas sector, while diversifying into renewables as well.
Simply Blue Energy and Subsea 7 to develop floating wind project in Scotland
Simply Blue Energy and Subsea 7 have entered into a joint venture to develop the Salamander floating offshore wind project in Scotland. The joint venture, in which Subsea 7 has a minority interest, will focus on developing the pre-commercial project of up to 200 MW off the North East Coast of Scotla
Shell to drill Pensacola well next year
Deltic Energy and Shell have made a positive well investment decision to drill the high impact Pensacola Prospect in the UK Southern North Sea.
AGR’s consultancy specialists to support OMV
Norwegian energy services company AGR has been awarded a contract to deliver consultancy specialists to oil and gas company OMV in Norway.