Business & Finance
Mammoet opens new Taiwan office, starts co-op with TIPC
Mammoet is opening a new office in Taichung, Taiwan, to be closer to project sites and to offer onshore services for offshore wind farms locally. In particular, Mammoet will provide engineering, heavy lifting and transportation solutions, including marshaling, ballasting, weighing, load-in and load-
Ørsted sets up offshore wind trust in New Jersey
Ørsted has launched a $15 million fund to support businesses in New Jersey to enter the offshore wind industry. The Pro-NJ Grantor Trust will offer New Jersey-based small, women-owned and minority-owned businesses support in re-tooling their businesses to enter the offshore wind industry. It will al
Spirit Energy extends partnership with contractor trio
Spirit Energy has extended agreements with Subsea 7, TechnipFMC and DNV GL for future developments offshore Norway. The new 5-year deals are a continuation of supplier collaboration that started in 2015, and which has contributed to Spirit Energy delivering its first development on the Norwegian She
PetroRio becomes full owner of Frade field
Brazilian oil and gas company PetroRio has approved the acquisition of the 30 per cent interest in Frade field from compatriot state-owned company Petrobras.
Equinor, Nordic Unmanned to study offshore oil and gas drone use
Norwegian oil major Equinor has hired compatriot data solutions company Nordic Unmanned to conduct a study on how remotely piloted aircraft systems (RPAS) could be used in an offshore setting.
Baker Hughes back in black after three quarters
Oilfield services major Baker Hughes has booked $653 million profit in the fourth quarter of 2020, against $48 million same time last year. This result also marks the company’s return to profit after posting third loss in a row at the end of Q3 last year. Nevertheless, Baker Huges reported adjusted
Smulders produces 2,000th transition piece
Smulders has produced its milestone 2,000th transition piece, destined for the Saint-Nazaire offshore wind project in France. Smulders says it started with the production of the 2,000th transition piece this month, which is barely six years after celebrating the 1,000th transition piece. The milesto
Germany adds (only) 219 MW of offshore wind to its grid in 2020
Germany saw 32 offshore wind turbines with a total capacity of 219 MW connected to the grid in 2020, with no new wind turbines erected in the second half of the year, according to the figures published by Deutsche WindGuard on 21 January. In total, 1,501 offshore wind turbines with a capacity of 7,7
Rystad: Oilfield services sector will struggle to repeat former glory amid energy transition push
The Covid-19 pandemic caused the value of 2020’s awarded contracts to slump to a 16-year low, according to Rystad Energy.
Mubadala enters Shell’s Red Sea block
Mubadala Petroleum has signed a concession agreement for the Shell-operated Block 4 located in the Red Sea offshore Egypt.
Energean could push back first gas from Karish to 2022
Oil and gas company Energean has informed that first gas from its Israeli fields could start flowing in the first quarter of 2022, instead of the current target of around year-end 2021.
Wintershall Dea curbs Dvalin gas flows over mercury issues
Wintershall Dea has decided to postpone the commercial gas production from its Dvalin field due to a high level of mercury in the gas flow.
NEO Energy in talks to buy ExxonMobil’s North Sea assets
HitecVision’s NEO Energy has entered into exclusive negotiations to buy ExxonMobil’s upstream assets located in the central and northern North Sea.
Santos post record production figures
Australian gas producer and GLNG operator, Santos reported record annual production, as well as record quarterly production in the quarter ending December 31, 2020.