Business & Finance
Maersk to reactivate jack-up rig for Dutch North Sea job
Maersk Drilling has been awarded a one-well contract by Petrogas E&P Netherlands, which will employ the harsh-environment jack-up rig Maersk Resolute.
Damen sets up ship financing division
Dutch shipbuilder Damen Shipyards Group revealed plans to launch a specialised financial services division, starting from 1 April 2021.
Ezion sells another liftboat to repay bank loans
Singapore’s liftboat provider Ezion Holdings has agreed to sell another liftboat, this time for a price tag of about $18.5 million.
Verdant Power shuffles board
US-based tidal energy developer Verdant Power has appointed a new chairman and four additional members to its board of directors as the company focuses on global commercialization.
Neptune to test methods for measuring offshore methane emissions
Neptune Energy and EDF will test an approach for measuring oil and gas methane emissions from offshore oil and gas facilities.
Sea Lion partners get license extension from Falkland Islands gov’t
The Falkland Islands government has agreed to extend the terms of several offshore oil and gas licenses operated by Premier Oil and Rockhopper Exploration, including the one containing the Sea Lion field.
Saipem to pay up for overtime work violation on rig
Saipem will have to pay compensation to two offshore workers in Norway due to the violation of working hours regulations.
Shell UK head to lead low-carbon fuels. North Sea boss replaced
Oil major Shell has made changes in its UK senior leadership as part of a global overhaul to cut costs and shift away from oil and gas to renewable power.
OPEC and allies extend oil production cuts into April
OPEC and allies on Thursday decided to extend oil production cuts into April 2021, while offering small exemptions to Russia and Kazakhstan.
NKT nets long-term cable service contract in Denmark
NKT has signed a long-term agreement with Danish grid operator Energinet on maintenance and repair of both offshore and onshore power cables in Denmark. The contract, which will run for eight years, includes services and repairs of XLPE, mass impregnated (MI) and oil filled power cable systems with
Deep-sea mining: DeepGreen merging with SOAC
Deep-ocean polymetallic nodules exploration company DeepGreen Metals intends to go public in a merger deal with a special purpose acquisition company (SPAC). The company has entered into a definitive business combination agreement with US-based Sustainable Opportunities Acquisition Corporation (SOAC
PetroRio buys more interest in Wahoo field, plans FPSO tieback
PetroRio has signed an agreement with Total for the acquisition of a 28.6% interest in the BM-C-30 Block, which holds the Wahoo field located off Brazil.
Vroon delivers hybrid accommodation vessel to Shell
Offshore support vessel provider Vroon has delivered the hybrid accommodation vessel MWV Falgout to end client Brunei Shell Petroleum.
Norden posts the strongest result in 10 years
Danish shipping company Dampskibsselskabet Norden A/S has delivered its best annual results in the past ten years having reported a $106 million profit for 2020. The results are being announced on the back of a very challenging market plagued by volatility and uncertainty due to COVID-19. In the tan