Business & Finance
Hess shrinks loss despite lower output
U.S. oil and gas company Hess Corporation managed to reduce its loss in the last quarter of 2020 compared to the prior-year period despite lower production.
US dredging company appoints offshore wind lead
Great Lakes Dredge & Dock Co. (GLDD) has appointed Eleni Beyko as Senior Vice President for offshore wind to lead the company’s entry into the market. Beyko will be responsible for developing GLDD’s offshore wind operations, including strategy and business development, tendering and project executio
Equinor set for third capacity increase at Johan Sverdrup
Norwegian oil and gas company Equinor is expecting a third capacity increase at its operated Johan Sverdrup field offshore Norway.
Odfjell to retrofit rigs with Siemens system in push to cut emissions
Odfjell Drilling will retrofit its newest drilling rigs with the Siemens Energy BlueDrive DC-Grid system in a push towards zero-emission drilling.
K2 Management to provide construction monitoring for Dogger Bank A & B
K2 Management has been awarded a four-year contract for construction monitoring on the first two phases of the 3.6 MW Dogger Bank offshore wind farm, Dogger Bank A and Dogger Bank B. The construction monitoring for the project began in late 2020 and will run until Dogger Bank A & B start commercial
Aker BP cleared to use Maersk rig on Tambar
Aker BP has received consent from the country’s offshore safety regulator to use the Maersk Integrator rig for production drilling on the Tambar field.
Inpex sets net-zero emission target for 2050
Japan’s biggest oil and gas producer Inpex has revealed its strategy to become a net-zero company by 2050 through the expansion of renewable and hydrogen energy as well as the use of carbon capture technology.
Samsung Heavy Industries wins deal for containership duo
South Korean shipbuilder Samsung Heavy Industries (SHI) has won an order for two large containerships from an unnamed Oceania-based company. Under the $207 million (KRW 229 billion) deal, the boxship pair is scheduled for delivery by the end of December 2022. The shipbuilder started the year with an
Enauta forced to stop Atlanta output again only day after restart
Enauta, formerly known as QGEP, has once again been forced to stop production from the only producing well on the Atlanta offshore field.
Rovco marks record year with offshore wind at its back
Subsea technology company Rovco has announced a record year for 2020, delivering £7.5 million ($10.3 million) in revenues – mostly from offshore wind and also a 286 per cent overall increase on 2019. 2020 also saw the winning of new contracts and growth of backlog that now stands over £16 million ($
Pacific Green and SINOPEC join hands for offshore wind
Pacific Green Technologies (Shanghai) has entered into a framework agreement with SINOPEC Star to work on a portfolio of projects that includes offshore wind, among others. Under the agreement, the Chinese companies will provide design, development engineering and consulting services for projects in
Croatian oil & gas company eyeing offshore wind in the Adriatic Sea
Croatian oil and gas company INA-INDUSTRIJA NAFTE, d.d. (INA) plans to diversify into renewable energy and is specifically considering offshore wind and solar energy developments in the country. At an energy conference held on 26 January, INA’s Director of Strategic Operations and Public Affairs, Hr
Chrysaor sets the wheels in motion for North Sea well spud
Oil and gas company Chrysaor has started preparations to drill an exploration well in the North Sea, using the COSLInnovator rig.
Equinor selects new class of startups to shape the future of energy
Equinor has selected a new class of startups to work on unlocking opportunities within oil and gas, renewables, and low-carbon solutions.