Business & Finance
HHI-DSME merger to be cleared after transfer of LNG technology to smaller yards
The mega-merger between the South Korean shipbuilding giants Hyundai Heavy Industries Group and Daewoo Shipbuilding and Marine Engineering will receive regulatory approval once there are assurances that the competition on the market would not be distorted. In practice this means that HHI Group would
Ancala to process gas from Lundin’s Solveig, Rolvsnes field
The operator of midstream oil and gas infrastructure assets in the North Sea Ancala Midstream has secured a life-of-field contract to transport and process gas from Lundin Energy’s Solveig field.
Erria to handle marine warranty surveys for Maersk Drilling’s rigs
Danish maritime services provider Erria and Maersk Drilling have entered into a three-year agreement related to marine warranty surveys for Maersk’s rigs.
New setup for TGS with energy transition focus
Oslo-listed seismic player TGS has appointed Jan Schoolmeesters as head of New Energy Solutions (NES) business unit, established to pursue opportunities related to the energy transition. In February this year, TGS launched New Energy Solutions (NES). In a statement back then, the company said it aim
JERA unveils new offshore wind project in Japan
Japanese utility JERA has submitted a Primary Environmental Impact Consideration Document for a new offshore wind project to Japan’s Ministry of Economy, Trade, and Industry (METI). The project site is located in the waters off the city of Tsugaru and the town of Ajigasawa in Aomori Prefecture, Japa
AqualisBraemar to support new Brazil-bound shuttle tanker
COSCO SHIPPING Heavy Industry has appointed energy and marine engineering consultancy AqualisBraemar to perform DP and BLS system FMEA on a shuttle tanker.
CGX reveals spending plan for drilling campaign off Guyana
Canadian oil and gas company CGX Energy has revealed details about the anticipated budget for an upcoming exploration drilling campaign offshore Guyana.
OPT deepens third quarter loss
US-based marine energy company Ocean Power Technologies (OPT) has increased its net loss by $0.3 million in the third quarter of fiscal 2021 as compared to the same period a year earlier.
Saudi Arabian investment fund to buy ADES International
Innovative Energy has made an all-cash $12.5 per share offer to take UAE-based oil & gas drilling and production services provider ADES International into Saudi hands.
Höegh LNG to go private with Morgan Stanley deal
Norwegian floating LNG player Höegh LNG has set forth a merger plan with funds managed by Morgan Stanley Infrastructure Partners.
Ocean Ecology and Åkerblå to work together in offshore wind
Norwegian environmental and technical consultancy Åkerblå Group is buying into UK-based marine and environmental survey specialist Ocean Ecology with an aim to work in offshore wind. Åkerblå Group is acquiring 51% of the shares in Ocean Ecology, while the founders and current owners will retain the
Aker wins Kværner’s Nordsee Ost OWF case
Aker Solutions has received the final ruling from an arbitration tribunal in Germany in the case concerning the Nordsee Ost offshore wind project for which Kværner, now part of Aker, delivered jacket foundations. “The ruling entitles Aker Solutions to receive a recoverable cash amount of approximate
Enauta calls for FPSO bids for full development of Atlanta field
Enauta has initiated the bidding process for the FPSO for the Full Development System (FDS) of the Atlanta field located offshore Brazil.
ENN cuts stake in Santos
China’s ENN Group has reduced its stake in the Australian energy major Santos.