Business & Finance
Petrobras hits hydrocarbons in pre-salt wildcat
Brazilian state-owned oil giant Petrobras has found hydrocarbons in a wildcat well located in the pre-salt Campos Basin offshore Brazil.
Time for offshore wind to wake up to full benefits of digitalisation
The following article is a guest post by Jonas Corné, CEO at Greenbyte, a provider of asset management solutions. The article examines digitalisation in the offshore wind sector, the necessity of it and current challenges that hinder using digitalised solutions to advance offshore wind projects. Des
Total outshines all peers in a year of cost cuts, Rystad reveals
Total outshined all other peers and also was the only major to replace all of the year’s produced resources, according to Rystad Energy.
COSCO Ports takes stake in Saudi Arabian terminal
China’s COSCO Shipping Ports (CSPL) has entered into an agreement with the founding shareholders of Saudi Arabia’s Red Sea Gateway Terminal Limited (RSGT) to acquire a 20 per cent stake in the terminal which is located at Jeddah Islamic Port.
SeaBird shrinks loss; Firms up energy transition plans
Oslo-listed SeaBird has recognised net loss of $3 million for Q4 2020, against net loss of close to $12 million in the same period in 2019. Full-year result was also negative, but improved compared to 2019 ($13 million loss vs. $23.3 million loss). The seismic player, which is targeting seabed minin
Equinor gets permit for fresh North Sea wildcat
The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for a well located in the North Sea offshore Norway.
Equinor slashes Tanzania LNG value by $982 million
Norwegian energy giant Equinor has decided to write down the value of its Tanzania LNG project on the company’s balance sheet by $982 million.
Ezion to repay bank loans with $13 million from liftboat sale
Ezion Holdings has made plans to sell one of its liftboats for a total of $13 million, which will allow it to repay some of its bank loans.
Magnora targets ScotWind, Norway with floating wind tie-up
Norway-based Magnora has entered into a partnership with an undisclosed company to establish a joint floating wind player called Magnora Floating Wind, which already started working on the application for the ScotWind round in Scotland. The newly established company also plans to participate in the
Eidesvik secures vessel work with Aker BP
Norwegian oil company Aker BP has awarded a contract to compatriot shipping company Eidesvik Offshore for one of its platform supply vessels.
Cenovus to see higher output and spending in 2021
Canadian oil and gas company Cenovus Energy expects to have higher production and spending in 2021 following its acquisition of Husky Energy.
US offshore wind R&D consortium awards $2.6 million in grants
The U.S. National Offshore Wind Research and Development Consortium has revealed the round one awards of the Offshore Wind Solicitation 1.0 for technology research and development projects. The competitive solicitation sought new solutions that remove barriers and address issues essential for cost r
Worley bags two-year deal with CNOOC
CNOOC Europe has awarded Worley a two-year contract to provide engineering, procurement and construction services to its three operated North Sea assets.
Safeen, Allianz Marine create new logistics provider
Abu Dhabi Ports’ maritime arm Safeen has recently signed an agreement with Allianz Marine & Logistics Services (AMLS) to launch a new international provider of integrated maritime logistic services.