Business & Finance
RCG: Global offshore wind investment sets new record in 2020
Global financial investment for offshore wind set a new record in 2020 with USD 30 billion, surpassing the previous high of USD 22 billion from 2018, according to The Renewables Consulting Group (RCG). According to RCG’s Global Renewable Infrastructure Projects (GRIP) database, the total capacity fi
Repsol Sinopec, TechnipFMC, Petrofac in pact to boost recovery in North Sea
Repsol Sinopec Resources has formed a partnership with TechnipFMC and Petrofac, which seeks to maximise the recovery of oil and gas from the UKCS
McConnell takes reins at Aleron
ROV solutions, tooling and products specialist Aleron has promoted Gary McConnell to its new managing director. Formerly commercial manager, McConnell steered the business through a challenging year and will continue to lead Aleron through a period of growth, implementing new internationalisation st
U.S. pauses planning for March oil and gas lease sale
Due to Biden’s plans to pursue a clean energy future, the U.S. government has rescinded the Record of Decision for the Gulf of Mexico oil & gas lease sale.
Red numbers for Aker Solutions; Loss also expected in 2021
Norwegian energy services player Aker Solutions has seen its loss widened in the fourth quarter 2020 on impairments and lower activity, which led to some 30 per cent revenue drop. The Oslo-listed company recognised quarterly net loss of NOK 844 million, versus net loss of NOK 129 million in Q4 2019.
Transocean adds more work to backlog, retires Leiv Eiriksson rig
Transocean has secured new contracts for its fleet, bringing the total backlog to $7.8 billion, but it has also decided to retire the Leiv Eiriksson.
Rotterdam Port and Uniper plan green hydrogen project
Uniper and the Port of Rotterdam Authority are investigating the possibilities of large-scale production of green hydrogen at the Maasvlakte area in Rotterdam. The plan is to realize a hydrogen plant on Uniper’s site by 2025 that would have a capacity of 100 MW and to expand this capacity to 500 MW.
New business structure for James Fisher Offshore
James Fisher Offshore (JFO) has divided its UK team into specialised divisions to meet the requirements of its two key markets: the decommissioning sector and the life of field industry. According to the company, this approach enables customers to work with a dedicated team that focuses solely on th
Carnarvon farms out Buffalo stake to Advance. New well set for 2H 2021
Australian oil exploration company Carnarvon Petroleum has farmed out up to 50 per cent interest in the Buffalo project offshore Timor-Leste to Advance Energy with drilling of a new well on the field set for later this year.
Equinor field at risk of shutdown over possible strike at Mongstad
Norwegian oil and gas company Equinor has warned that possible strike action at the Mongstad refinery could affect offshore fields on the NCS.
Vysus to support Norwegian offshore safety watchdog
Petroleum Safety Authority (PSA), the agency responsible for safety in the petroleum sector across the Norwegian continental shelf, has awarded a framework agreement with global engineering and technology company Vysus Group.
The ports of Antwerp and Zeebrugge joining forces
The City of Antwerp and the City of Bruges in Belgium have reached an agreement to merge their respective ports. The agreement marks the start of a unification process that is expected to take a year to finalise. Once completed, the ports will operate under the name ‘Port of Antwerp-Bruges’. The por
SeaTwirl patents its wind turbine technology in Japan
SeaTwirl has been granted a patent for its divisible offshore wind turbine by the Japanese Patent Office. “Japan has great water depths and large cities along the coasts, which is an interesting market for our floating wind turbine, especially when Japan has set a goal of becoming CO2 neutral by 205
Marathon Oil lays off around 100 employees in the U.S.
Houston-based oil and gas company Marathon Oil has laid off around 100 employees in the U.S. or around five per cent of its total workforce.