Business & Finance
Plug Power, SK Group eye hydrogen JV
Plug Power and SK Group have unveiled plans to form a strategic partnership to accelerate hydrogen as an alternative energy source in Asian markets.
Scorpio Bulkers changing its name to Eneti
Scorpio Bulkers Inc. intends to change its name to Eneti Inc as part of its transition away from the dry bulk business towards marine-based renewable energy. “The change of the company’s name is subject to approval at an Extraordinary General Meeting to be held on February 3, 2021 for shareholders o
Ithaca adds another Repsol Sinopec man to executive team
Oil and gas company Ithaca Energy, a subsidiary of Israel’s Delek Group, has appointed David Crawford as Chief Financial Officer of the company.
Trafigura to invest up to €30 million to develop battery energy storage system
Geneva-based commodity trader Trafigura is investing up to €30 million into Belgium’s largest Battery Energy Storage Systems (BESS) at Nyrstar’s zinc smelting facility in Balen. The investment will be the first live project by Nala Renewables, Trafigura’s newly formed joint venture company with IFM
Hudong-Zhonghua breaks ground on new $2.8 billion shipyard
Hudong–Zhonghua Shipbuilding, a subsidiary of China State Shipbuilding Corporation, hosted a groundbreaking ceremony for the second phase of the China Shipbuilding Changxing Shipbuilding Base. The Hudong-Zhonghua new factory site is located along the south coast of Shanghai Changxing Island, with an
ConocoPhillips gets nod for remote operation of North Sea platform
ConocoPhillips has received consent from the Norwegian offshore safety watchdog for remote operation of a North Sea platform.
Pandion buys stake in two Norwegian offshore licences
Oil and gas company Pandion Energy has entered into an agreement with Wintershall Dea to acquire interests in two licences located offshore Norway.
Ashtead bolsters management team
Subsea services firm Ashtead Technology has appointed a chief financial officer (CFO) and five managers for newly created roles across its international team. Ashtead said the appointments underline the company’s strategic growth plans to strengthen its position in the global offshore energy market
Court allows BPC to keep drilling the Bahamas well
A court has ruled that Bahamas Petroleum Company is allowed to continue drilling operations on its Perseverance #1 well located off the Bahamas.
Nihon Shipyard, a JV of Imabari and JMU, formally launched
Nihon Shipyard Co. Ltd, a joint venture between Japan Marine United Corporation (JMU) and Imabari Shipbuilding Co., Ltd., was established on January 1, 2021. The capital and business alliance comes on the back of all the necessary regulatory approvals and review processes. The Tokyo-headquartered sh
Prosafe still working to hammer out financial solution with lenders
Prosafe is still working to resolve its financial situation with lenders but is still unclear what a final solution may look like.
Vår Energi picks Equinor man for CEO role
Vår Energi has appointed Torger Rød as the company’s new CEO following the departure of Kristin Kragseth to lead the Norwegian state-owned Petoro.
Eni stops Australian assets sale amid lack of satisfactory bids
Italian oil and gas company Eni has reportedly put on hold its sale of Australian gas assets due to a lack of satisfactory bids.
Prosafe finds new job for Safe Concordia unit
Offshore accommodation rigs provider Prosafe has won a contract for one of its units for operations offshore Trinidad and Tobago.