Business & Finance
Proserv US division Gilmore eyes expansion with Nemetz at helm
Houston-based Gilmore, a Proserv company, has appointed David Nemetz as its new chief executive officer (CEO). Gilmore, as an integral component of Aberdeen headquartered Proserv, has been providing flow control solutions, such as critical service valves and regulators, to the oil and gas industry f
GEV, Pacific Hydro join forces on shipping green hydrogen
Australia’s Global Energy Ventures and Pacific Hydro Australia Developments Pty Ltd have executed a Memorandum of Understanding (MOU) to explore opportunities regarding the production, storage, loading, ground and marine transportation of green hydrogen. The hydrogen is set to be produced by Pacific
Woodside reports Q4 revenue rise
Australia’s Woodside Petroleum on Thursday reported a jump in revenue in the fourth quarter of 2020, as oil and gas prices increased.
MOL to set up corporate venture capital fund firm
Japanese shipping company Mitsui O.S.K. Lines (MOL) has determined to establish a wholly-owned corporate venture capital fund firm called MOL PLUS. The venture capital fund will be based in Tokyo and plans to make a broad range of investments, with its investment ceiling reaching JYP 4 billion ($ 38
EnQuest takes over Bressay field operatorship
Oil and gas company EnQuest has completed the acquisition of the Bressay field interest from Equinor and taken over field operatorship.
Dolphin rig lands new deal in Norway
Dolphin Drilling has secured another rig contract with a new Norwegian operator. This time with INEOS Energy on the Norwegian Continental Shelf.
Green Hydrogen Systems to deliver electrolysers for H2RES project
Ørsted has chosen Denmark-based Green Hydrogen Systems (GHS) as the supplier of electrolysis technology for the H2RES offshore wind-to-hydrogen demonstration project. The 2 MW electrolysis plant at the Avedøre Power Station will be built around GHS modular electrolysers powered by two 3.6 MW offshor
Elon Musk’s SpaceX buys two Valaris rigs to build rocket launchpads
Elon Musk’s SpaceX reportedly bought two Valaris rigs last year to convert them into floating launchpads for its Starship rocket.
South Korean pair to develop offshore wind substation
Daewoo Shipbuilding & Marine Engineering (DSME) and Korea Electric Power Corporation Engineering & Construction (KEPCO E&C) have signed a Memorandum of Understanding (MoU) to develop an offshore wind substation. The South Korean companies plan to jointly research and develop the offshore substation
UK offers best profitability for development of big offshore fields, Rystad says
The UK offers operators best profit conditions to develop big offshore fields and Kuwait and Canada follow, according to Rystad Energy.
UK subsea sector optimism continues to improve
The latest survey on the UK’s Subsea sector has revealed an improved outlook for the industry with less anticipated redundancies, greater optimism and new geographical markets. Industry body, Subsea UK, surveyed its 300 members in early July and then again in late November 2020 to provide insight in
CWind Taiwan teams up with E&Y Electronics
CWind Taiwan has signed an exclusive cooperation agreement with E&Y Electronics, a Taiwanese power cable service provider specialised in cable testing and termination, to develop its cable maintenance services in the Taiwanese offshore wind market. The services under the cooperation agreement includ
U.S. imposes sanctions on vessel set to work on Nord Stream 2 pipeline
The United States on Tuesday imposed sanctions on a ship involved in building the Nord Stream 2 pipeline, as the Trump administration sought to raise pressure on the project on its last day in office.
Two offshore workers charged for allowing Gulf of Mexico oil spills
Two Fieldwood Energy workers have been indicted for allegedly allowing crude oil spills from Gulf of Mexico platforms to avoid shutdowns.