Business & Finance
Vestas buys into Copenhagen Infrastructure Partners
Vestas Wind Systems has entered into an agreement with Copenhagen Infrastructure Partners (CIP) to acquire a 25% stake in the company. Through the investment, Vestas said the aim is to further expand its presence in renewable project development and invest within areas of the renewables value chain
Siem supply vessel gets early termination in Canada
Norwegian offshore vessel owner Siem Offshore has received an early termination for a supply vessel operating offshore Canada.
Aker BP to develop Norwegian Sea discovery in 2021
Aker BP and the Skarv partners – Equinor, Wintershall Dea, and PGNiG – have decided to develop the Gråsel discovery located offshore Norway in 2021.
Seadrill makes two senior management changes
Seadrill Limited has appointed Reid Warriner as Chief Operating Officer and Leif Neilson as Chief Technology Officer, effective immediately.
AGL submits final bid for Crib Point LNG import terminal
Australian utility AGL Energy has made a final bid for approval of a long-delayed Crib Point gas import terminal in the state of Victoria.
Gunvor invests in Artemis Technologies
Commodity trader Gunvor Group has made an investment in Artemis Technologies as a part of the company’s commitment to developing nonhydrocarbon solutions to maritime transportation. The investment by Gunvor follows the recent award of a £33 million ($ 44.8 million) UK Government innovation grant to
US DOE gives $21 million for innovative offshore wind technologies
The U.S. Department of Energy (DOE) has awarded $21 million in funding for three projects supporting offshore wind energy technology demonstration and resource characterization. The projects will support offshore wind development by demonstrating innovative technologies not previously commercially u
New strategy requires UK oil and gas sector to support net-zero target
A revised Strategy from the UK OGA, featuring a range of new net-zero obligations for the UK oil & gas industry, was submitted before the UK Parliament.
Trinity exploring new projects to enable energy transition
Trinidad and Tobago-focused exploration and production company Trinity E&P is looking into developing new energy projects to enable the energy transition.
Energean closes Edison deal, inks new gas supply agreements for Karish
Energean has completed its acquisition of Edison E&P. Energean has also entered into new gas sales agreements to supply the gas in Israel.
Wärtsilä to convert Brazilian power plant to natural gas
Finnish technology group Wärtsilä has been awarded a contract to convert the UTE Ponta Negra power plant in Manaus to operate on natural gas instead of diesel fuel.
Private investment fund eyes FAR takeover
Remus Horizons, a private investment fund, is exploring options to acquire FAR Limited. As a result, FAR has rescheduled its shareholder meeting.
Ineos buys Northwester 2 offshore wind power
RWE Supply & Trading and Ineos have entered into a long-term Power Purchase Agreement (PPA) for the Northwester 2 offshore wind farm in Belgium. RWE signed a long-term PPA with project developer Parkwind last year with plans to sell the electricity and guarantees-of-origin to its large industrial an
Heerema’s Aegir vessel installs water handling module on Woodside’s platform
Aegir, a Heerema-owned heavy lift vessel, has transported and installed a water handling module on Woodside’s Pluto Alpha platform located off Australia.