Business & Finance
ORE Catapult’s tidal & wave specialist wins SUT award
The Offshore Renewable Energy (ORE) Catapult’s wave and tidal sector specialist, Simon Cheeseman, has been awarded the Society for Underwater Technology’s (SUT) Lennard-Senior prize for 2020 in recognition of his outstanding individual achievement in the field of marine renewable energy.
Borr Drilling picks new chief financial officer
Offshore drilling contractor Borr Drilling has named a new chief financial officer (CFO), with effect from 28 December 2020.
Scots commission study to help SMEs in offshore wind
BVG Associates has begun a new study to help pave the way for Scottish small and medium-sized enterprises (SMEs) in the offshore wind sector. The Scottish Offshore Wind Energy Council commissioned the research with the aim of helping SMEs win business in the global offshore wind market. The council’
U.S. preparing fresh sanctions to halt Russia’s Nord Stream 2
The U.S. is preparing wider sanctions for the Russian gas pipeline project Nord Stream 2 and is urging European allies to stop the work.
BP nears primary target at Ironbark well
BP is only about 460 meters shy of its primary reservoir target at the giant Ironbark prospect located offshore Australia.
Borr Drilling devises plan to strengthen financial footing
Borr Drilling has come up with a liquidity improvement plan with the support of creditors as part of its efforts to strengthen its financial footing.
A.P. Moller Holding invests millions in Green Hydrogen Systems
Denmark’s A.P. Moller Holding, a parent company of A.P.Moller Group that owns shipping major Maersk, has decided to invest in compatriot Green Hydrogen Systems, a supplier of modular electrolyzers producing green hydrogen from renewable energy.
MMA Offshore secures two new MPSV jobs
Australian marine and subsea services provider MMA Offshore has secured two new contracts for its multi-purpose support vessel the MMA Privilege.
Maersk scores 4.9 of 5.0 on environmental reporting
Maersk, the world’s largest container shipping company, tops the list of 12 liner companies based on their sustainability performance reporting and planning, the Gliese Foundation said. The company won 4.9 stars out of possible 5.0, the foundation said. As explained, the company’s 2019 sustainabilit
Shell extends topside maintenance deal with Dayang
Dayang Enterprise Holdings has received a contract extension from Shell for the provision of topside major maintenance services offshore Malaysia.
Gov’t funding for Canada’s offshore oil sector to protect jobs
Newfoundland and Labrador government has announced the allocation of financial support for the Hibernia project, which will help maintain offshore jobs.
Spirit Energy may face penalty over discharges from North Sea platform
Dutch regulator has ordered Spirit Energy to meet discharge standards on its North Sea offshore platform or face a penalty.
Petrobras says new oil discovery reinforces pre-salt potential in Búzios
Brazilian oil and gas company Petrobras has made a new oil discovery located in the deepwater Búzios field offshore Brazil.
NEL Hydrogen to deliver PosHYdon electrolysis system
Norway’s NEL Hydrogen ASA has won the contract to deliver the offshore electrolysis system for the PosHYdon project in the Dutch North Sea. The PosHYdon pilot is an initiative of Nexstep, the Dutch association for decommissioning and reuse, and TNO, the Dutch organisation for applied scientific rese