Business & Finance
UK Export Finance backs Greater Changhua 1 with £200 million
UK Export Finance (UKEF) is providing a £200 million buyer credit guarantee to help finance the Greater Changhua 1 offshore wind farm in Taiwan. UK companies Seajacks and Trelleborg have already capitalized on UKEF’s support by winning export contracts with project developer Ørsted. Seajacks will sh
Offshore wind to bring additional income to US mariners
As the offshore wind industry in the U.S. grows, fishermen and other mariners will have a substantial number of opportunities to supplement their income during all phases of an offshore wind project’s lifecycle, according to a new study commissioned by the New York State Energy Research and Developm
Woodside posts $4 billion loss
Australian LNG major Woodside posted a $4 million loss for the year 2020 impacted by impairments.
Rystad: Most of Alaska’s remaining oil at risk due to Biden policies
There has been much discussion over the possible outcome for the Gulf of Mexico, but one of the areas that will be affected the most is Alaska, Rystad said.
Navantia-Windar JV receives first ‘Made in France’ jacket components for Saint-Brieuc OWF
The Navantia-Windar joint venture has received its first jacket foundation components for the Saint-Brieuc offshore wind farm manufactured in the Brest polder, France. Navantia-Windar established the manufacturing hub in the Brest polder in 2019, subcontracting multiple local companies for its first
New insurance fund to act as ‘golden ticket’ for ocean energy scale-up
Ocean Energy Europe (OEE) has appointed risk and insurance consultancy Renewable Risk Advisers to design a brand-new European insurance fund for the ocean energy sector as part of the EU-funded OceanSET project.
Maersk boxship loses hundreds of containers after suffering engine failure
Maersk Eindhoven, a 2010-built Newpanamax containership operated by Maersk, lost several hundreds of containers following an engine stop in harsh weather. The incident took place near Japan on February 17th, 2021, while the boxship was en route from Xiamen, China, to Los Angeles, California. “The pr
Impairments push Santos into red
Low oil and LNG prices affected by the COVID-19 pandemic hampered the Australian energy major Santos’ finances for the year.
Premier gets the nod for Balmoral decommissioning plans
Premier Oil’s decommissioning plans for the Balmoral field, located in the UK North Sea, have been approved by UK authorities.
Equinor and Engie team up for low-carbon hydrogen projects
Norway’s energy giant Equinor and French utility company Engie have entered into a partnership to develop joint low-carbon hydrogen activities.
BP unveils first-ever employee share award plan
Oil major BP is launching a first-ever share award scheme to more than 60,000 employees as the company continues transitioning towards a greener future.
GOGL splashes $752 million on 18 bulkers in fleet renewal push
Golden Ocean Group Limited has acquired 18 scrubber-fitted dry bulk vessels for a total of $752 million from affiliates of Hemen Holding Limited, a company indirectly controlled by John Fredriksen, the company’s largest shareholder. The batch consists of 10 Newcastlemaxes built in 2019-21 and 8 Kams
Halliburton adds LyondellBasell CEO to its board
Oilfield services giant Halliburton has announced that Bhavesh V. (Bob) Patel has been named to the company’s board of directors.
ExxonMobil brings in experts to repair Guyana FPSO after compressor issues
ExxonMobil has experienced technical issues with a gas compressor on SBM Offshore’s FPSO Liza Destiny, working for ExxonMobil offshore Guyana.