Business & Finance
Norway’s Odfjell places shipping’s 1st sustainability-linked bond
As the first in the international shipping industry, Norway’s Odfjell SE has successfully issued a sustainability-linked bond.
Vestas announces layoffs as offshore and onshore wind organisations integrate
Danish wind turbine manufacturer Vestas plans to lay off around 220 people in the process of integrating its offshore and onshore wind organisations. Vestas has recently acquired MHI Vestas Offshore Wind, and following the closing of the agreement with MHI, the company has begun the integration of V
Shell joins Equinor and YPF in Argentina block
Equinor and YPF have entered into an agreement with Shell to jointly farm-down a 30 per cent non-operated interests in the CAN 100 block offshore Argentina.
Seismic player AGS seeks financial lifeline
Ocean bottom node seismic player Axxis Geo Solutions (AGS) is looking to address its debt situation and improve its balance sheet through a capital restructuring. The Oslo-listed company said it has over some time been in active dialogue with its current stakeholders and other strategic and financia
Dayang bags Shell and Mubadala jobs in Malaysia
Malaysian offshore services provider Dayang Enterprise has been awarded contracts from Shell and Mubadala Petroleum in Malaysia.
Lamprell reorganises into three units to focus on energy transition
Lamprell has decided to reorganise into three new business units, Renewables, Digital, and Oil & Gas as part of its efforts to focus on energy transition.
OHT opening turbine installation headquarters in Denmark
Norway-headquartered OHT is launching a new office in Denmark as the base for its operational and commercial activity for offshore wind turbine installation. The new office will be located in Vejle and is expected to be ready from 1 May. OHT Renewables DK will be headed by Tony Millward, who previou
Energean sanctions gas project offshore Israel
Energean has taken a Final Investment Decision on the Karish North gas development, offshore Israel, 21-months after the announcement of the discovery.
NFE expands LNG-to-power portfolio in Brazil
New York City-based New Fortress Energy unveiled plans to set up an LNG-to-power project at the Suape Port in Brazil.
BW Energy boosts interest in gas field off Namibia
BW Energy and the National Petroleum Corporation of Namibia (NAMCOR) have signed a farm-in and carry agreement for a block offshore Namibia.
Total makes fresh discovery offshore Suriname
Total and Apache Corporation have made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname.
Maersk, The Ocean Cleanup extend partnership for three more years
The Dutch environmental organization The Ocean Cleanup and A.P. Moller- Maersk have extended their relationship by three more years. The organization’s mission is to develop advanced technologies to rid the world’s oceans of plastic. To achieve this goal, they aim to stop the inflow via rivers and c
NFE buys Hygo and Golar LNG Partners for $5 bn
New York City-based New Fortress Energy has lined up a $5 billion deal to acquire Hygo Energy Transition and Golar LNG Partners.
Third of oil and gas workers saw wages drop in 2020
According to a worldwide survey, almost one-third of workers in the oil and gas industry faced pay cuts in 2020 due to the coronavirus crisis and drop in fuel demand and prices.