Business & Finance
Northland Power could invest € 13 billion in offshore wind in next five years
Over the next five years, Northland Power could invest between at least CAD 15 billion and CAD 20 billion (between EUR 9.8 billion and EUR 13 billion) in new offshore wind projects in which it holds ownership shares, with offshore wind being an anchor for its next phase of growth in the renewable en
Sumitomo Mitsui Banking Corporation joins the Poseidon Principles
Japanese banking and financial institution Sumitomo Mitsui Banking Corporation has become a signatory of the Poseidon Principles, a regulatory framework for responsible financing of the shipping industry. The general idea behind the framework is for the signatory banks, as capital providers, to supp
Equinor strikes oil and gas near Troll field
Equinor and partners have struck gas and oil in production licence 923, the first discovery this year made near the Troll field in the North Sea.
Aker BP adds two new wells to Maersk rig backlog
Maersk Drilling has secured an additional two-well contract for the low-emission rig Maersk Integrator with Aker BP in Norway.
Fieldwood taps Danos for production operations job in Gulf of Mexico
Danos has been awarded a multi-year contract for production operations with Fieldwood Energy, a major oil and gas producer in the Gulf of Mexico.
TechnipFMC separation to take place this month
TechnipFMC said on Thursday it plans to wrap up its separation into two independent, publicly traded companies later this month. Namely, the last day of trading of TechnipFMC shares that include the right to receive Technip Energies shares on the New York Stock Exchange and Euronext Paris stock exch
Aker BP boasts record-high output and pledges to stay ‘pure-play oil and gas company’
Aker BP has pledged to remain a pure-play oil and gas company and contribute to the energy transition through minimizing emissions and by sharing data.
Vestas commissions its first-ever intertidal wind turbine
Vestas has commissioned its first-ever intertidal wind turbine at Bac Phuong JSC’s wind farm in Vietnam. Last year, Vestas won a contract to supply 13 V150-4.2 MW turbines for the second phase of Bac Phuong JSC’s Dong Hai 1 intertidal wind project. The order follows the company’s first contract with
Wallenius Wilhelmsen fined $18 million for cartel conduct in Australia
Norwegian-based global shipping company Wallenius Wilhelmsen Ocean AS has been fined A$24 million ( $18.2 million) for cartel conduct regarding the transportation of vehicles, including cars, trucks and buses, to Australia between June 2011 and July 2012. The company was charged with cartel conduct
PGS cautiously optimistic despite red numbers
PGS remains carefully positive even with red numbers in the fourth quarter of 2020 as revenues fell some 37 per cent. The Oslo-listed seismic player reported quarterly loss of $60 million, or 16 cents per share on revenues of $208 million. This result compares against profit of $10 million on around
Neptune picks up permit for North Sea appraisal well
The Norwegian Petroleum Directorate (NPD) has granted Neptune Energy a drilling permit for an appraisal well offshore Norway.
Denmark greenlights North Sea energy island hub
Denmark has reached a landmark agreement on the construction of an energy hub in the North Sea. The energy hub will be an artificially constructed island 80 kilometers from the shore of the peninsula Jutland. Around 200 wind turbines with a combined capacity of 3 GW are expected to be installed in t
Solstad gets rid of platform supply trio
Norwegian offshore vessel owner Solstad Offshore has decided to sell three of its platform supply vessels (PSVs).
TEPCO RP buys into TetraSpar floater demo project
TEPCO Renewable Power (TEPCO RP) has joined the TetraSpar floating foundation demonstration project by buying a 30% stake. In addition to TEPCO RP, the share structure in the project includes Shell holding a 46.2% share, RWE 23.1% and Stiesdal Offshore Technologies 0.7%. Through their collaboration