Business & Finance
Rystad: Onshore producers have higher CO2 intensity, while offshore producers are scattered
Rystad Energy has conducted a comprehensive company-level analysis of the world’s upstream industry, identifying the top carbon-intensity performers.
Subsea 7 director Stevens passes away
Subsea 7 informed that its non-executive director and senior independent director Allen Stevens passed away on 10 January 2021. Stevens started in the shipping industry in financial planning at Sea Land Service Inc. and subsequently served as Treasurer of McLean Industries Inc. from 1972 to 1988. As
Final stages of Buchan Alpha decommissioning completed
John Lawrie Decom, a metal recycling specialist, has completed the final stages of the Buchan Alpha decommissioning project in the UK.
Neptune awards Cygnus contracts to Oceaneering and Stork
Neptune Energy has awarded integrity management and fabric maintenance contracts for its operated gas production platform, Cygnus, to Oceaneering and Stork.
Canada greenlights three offshore drilling projects
The Government of Canada has allowed for three offshore exploration drilling projects operated by BHP, Equinor, and Chevron to proceed.
Offshore Wind Consultants names APAC head
Offshore Wind Consultants has appointed Tom Whittle to the newly created role of Asia Pacific regional director. Whittle, previously OWC’s country manager in Taiwan, has worked as a project director, project manager and package manager on a number of offshore wind projects in the UK, Europe and Asia
Stanford Marine rescued by Dubai’s asset manager saving 1,800 jobs
SHUAA Capital, an asset management and investment banking platform, has completed a debt buyout of Stanford Marine Group’s $308 million facility.
Bowleven promotes director to chairman role
Africa-focused oil and gas exploration group Bowleven has named a new non-executive chairman with immediate effect.
Marathon Oil strengthens board with former Noble man
Houston-based oil and gas company Marathon Oil has appointed a new member of its board of directors.
Ocyan and Petrobras seal the deal for ultra-deepwater drillship
Brazilian oil and gas services provider Ocyan has been awarded a contract for an ultra-deepwater drillship by Petrobras in Brazil.
High-impact exploration in 2021 could reach 100 wells, Westwood says
Westwood has reported that 72 high-impact wells were drilled in 2020, which is below 2019 level when 99 wells were drilled. In 2021, Westwood’s projections indicate that activity could at least reach 2020 levels with the potential to reach up to 100 wells.
Finder Energy picks up offshore permit near Dorado
Perth-based oil and exploration company Finder Energy has been awarded a 100 per cent interest in the exploration permit WA-547-P located near the massive Dorado discovery offshore Australia.
MPC Capital AG launches a renewable energy platform
Oslo-listed asset and investment manager MPC Capital AG has initiated a new renewable energy platform under the brand MPC Energy Solutions as part of its strategy to capitalize on the growing demand for sustainable and cost-competitive low-carbon energy infrastructure. In a private placement directe
Scottish firm to dismantle Spirit Energy’s Morecambe platforms
CessCon Decom has been awarded a contract for the decommissioning, dismantling, and recycling of Spirit Energy’s Morecambe Bay DP3 and DP4 platforms.