Business & Finance
Wintershall Dea completes Nova top holes
Oi and gas company Wintershall Dea has completed the top hole drilling campaign on the Nova field located in the North Sea offshore Norway. Wintershall Dea received consent from the Norwegian offshore safety body, the Petroleum Safety Authority (PSA), for production drilling and completion on the No
FPSO operator BW Offshore to enter floating wind
Another company involved in the oil & gas sector has set its sights on offshore wind, as the industry increasingly moves towards renewable energy amid the global energy transition. The latest to announce its clean energy plans is BW Offshore, which is now in investment discussions with the floating
Shell maps out strategy to accelerate drive to net-zero
Oil major Shell on Thursday set out its strategy to accelerate its transformation into a provider of net-zero emissions energy products and services.
Seadrill Limited files for second Chapter 11 in four years
In a move that was almost an inevitability after recent events in the company, offshore drilling contractor Seadrill Limited has filed for Chapter 11 bankruptcy.
Maersk rig gets one more Martin Linge well
Equinor has exercised the option to add development drilling of one additional well at the Martin Linge field to the work scope of the Maersk Intrepid.
Wärtsilä to cut emissions, fuel consumption on two Siem vessels
The Finnish technology group Wärtsilä and vessel provider Siem Offshore have signed an optimised maintenance agreement to reduce the carbon footprint of two offshore well intervention vessels.
Ship repair and vessel services firm ROG becomes independent
Dutch ship repair and vessel services specialist ROG has decided to become independent after acquiring a controlling stake from shipbuilder Royal IHC.
Sapura bags over $457 million in new deals
Sapura Energy subsidiaries and joint venture have been awarded contracts and contract extension with a combined value of about $457.5 million.
Horns Rev 3 offshore wind farm gets DNV GL project certificate
DNV GL has officially issued the project certificate to Vattenfall for its Horns Rev 3 offshore wind farm in Denmark. The certification covered the turbines including their support structure plus all the cabling connecting them to the offshore substation. Inspections were carried out over a three-ye
Ørsted buys into Baltica 2 & 3 offshore wind farms in Poland
Ørsted and PGE Polska Grupa Energetyczna have signed an agreement to form a 50/50 joint venture for the development, construction and operation of the 1.5 GW Baltica 2 and 1 GW Baltica 3 offshore wind farms in Poland. The agreement was signed following negotiations that PGE and Ørsted started back i
BW Offshore braces for FPSO impairments
FPSO operator BW Offshore has decided to record an impairment to the book value of three FPSOs, amounting to $59.6 million, in the fourth quarter of 2020 amid continued uncertainty regarding redeployment. The three FPSOs are Berge Helene, BW Cidade de São Vicente, and Espoir Ivoirien, BW Offshore sa
Northland Power to bid in Taiwanese offshore wind auction
Northland Power is planning to submit applications for two new proposed development sites in the upcoming Round 3 offshore wind auction in Taiwan. Referred to as NorthWind and CanWind, the proposed sites can accommodate a total capacity of up to 1,800 MW and are located off the coasts of Taichung co
Equinor sinks deeper into the red amid market turmoil
Norwegian oil and gas giant Equinor saw a massive increase in its quarterly net loss amid market turmoil caused by the coronavirus crisis.
Offshore Wind Consultants, Ambiens team up in Poland
Offshore Wind Consultants (OWC) and Polish environmental consulting company Ambiens have signed a memorandum of understanding (MOU) to cooperate on offshore wind developments in Poland. OWC, a subsidiary of AqualisBraemar LOC, is supporting projects that are already in development in Poland, but als