Business & Finance
Sparrows lands five-year deal with ‘major operator’
Sparrows Group has secured a new contract with a ‘major oil and gas operator’ to deliver crane services for its assets in North America.
Rystad reveals hardest-hit countries as Covid-19 took its toll on oil and gas jobs
The Covid-19 pandemic not only devastated oil demand in 2020 but also forced the global oil and gas industry to severely downsize its staffing levels.
CWind’s Endeavour changes hands
CWind has completed the sale of its crew transfer vessel (CTV) Endeavour to Wood Marine, a port services operator based in Suffolk. The sale of the 18.5m catamaran is said to be part of CWind’s strategic plan to remodel its CTV fleet and enables the company to pursue new vessels. To remind, CWind ha
NZOG relinquishes last remaining license outside Taranaki
New Zealand Oil & Gas (NZOG) has relinquished the Toroa petroleum exploration permit, the final permit located outside of the Taranaki Basin.
Crete – Attica subsea power link gets €200M EIB boost
Subsea power interconnection project between the island of Crete and mainland Greece (Attica region) has secured a €200 million loan from the European Investment Bank (EIB). IPTO’s Ariadne Interconnection signed the new loan deal, which comes with an option of extending the funding by additional €10
Atlas Professionals working with Ørsted in Germany
Atlas Professionals has secured a frame agreement with Ørsted to provide temporary personnel services for the offshore wind developer in Germany. The agreement commenced on 1 March and will cover the provision of qualified personnel during the full life cycle of Ørsted’s offshore wind farms in Germa
Global offshore wind O&M market to reach € 10 billion by 2029
The global offshore wind operations and maintenance (O&M) market is expected to grow 16 per cent annually and reach € 10 billion by 2029. Europe will remain the biggest O&M market by region, while China will become the biggest single market in terms of national markets. This is according to the late
Solstad vessels hired to support North Sea drilling campaigns
Norwegian vessel owner Solstad Offshore has been awarded four platform supply vessel (PSV) contracts for work in the UK North Sea.
EnerMech bags five-year services deal with Chevron in Australia
UK-based oilfield services provider EnerMech has been awarded a five-year contract by Chevron Australia for integrated services to its Western Australian oil and gas facilities.
Impala Terminals launches carbon neutral freight service
Impala Terminals, a joint venture firm between Trafigura and IFM Investors, has started its certified carbon neutral freight service. The company said the service gives customers visibility into the indirect greenhouse gas (GHG) emissions generated by the transportation of their shipments of non fer
Total stops drilling Suriname well before reaching deeper targets
Total has decided to conclude drilling operations on the Keskesi East-1 discovery well off Suriname before reaching deeper targets due to substantial pressure increases.
BP unveils hybrid model of working with option to work from home
Oil major BP is introducing a new hybrid model of working for staff who had previously been based in the office full-time.
Moby sues asset management firms over ‘unlawful takeover attempt’
Italian shipping company Moby S.p.A. has filed a lawsuit against a group of U.S. and European asset management firms claiming they engaged in a campaign to take over Moby. The lawsuit was filed on February 22, 2021, by Quinn Emanuel Urquhart & Sullivan, on behalf of Moby, in New York State Court in
Chevron sticks to lower budget plans, sets new carbon reduction goals
Chevron has reaffirmed its lower budget plans, doubled the savings from the takeover of Noble Energy, and set new goals for reducing carbon emissions.