Business & Finance
Eni ready for Norwegian offshore wind tenders with newly established company
Eni has set up a joint venture company named Vårgrønn together with Norwegian energy investor HitecVision, with offshore wind being the first item on the to-do list of the newly established business in which the Italian oil & gas major holds a 69.6 per cent stake. Namely, Vårgrønn’s first step will
Rystad Energy: LNG to cover Argentina’s and Brazil’s natural gas demand gap
Argentina and Brazil are set to turn to additional LNG volumes in order to cover the demand gap expected in 2025.
Odfjell sets sights on climate-neutral fleet from 2050
Norwegian shipping and tank terminal company Odfjell SE has revealed plans to cut its greenhouse gas emissions by 50% by 2030 compared to 2008 levels and have a climate-neutral fleet from 2050. The targets exceed the objectives of the International Maritime Organization (IMO) of 40% CO2 emissions re
GasLog tightens loss in Q3
Piraeus-based LNG shipper GasLog has tightened its loss during the third quarter of 2020.
FAR sells Sangomar stake to ONGC
Australian oil and gas company FAR Limited has entered a sale and purchase agreement with India’s ONGC for FAR’s entire interest in the production sharing contract for the Rufisque, Sangomar, and Sangomar Deep Offshore Blocks offshore Senegal.
US lines up marine energy research funding for small businesses
The U.S. Department of Energy (DOE) has announced the upcoming research and innovation funding opportunity for small businesses that are developing marine and hydrokinetic energy solutions.
Mystery operator puts Sparrows in charge of inspection on UK assets
Sparrows Group has secured a five-year contract with “a major UK Continental Shelf operator” to provide inspection services across its assets in the region.
Equinor hires Baker Hughes, Halliburton, and Schlumberger for drilling work on Bacalhau field
Norwegian oil firm Equinor has awarded Baker Hughes, Halliburton, and Schlumberger contracts for drilling and well services on the Bacalhau field offshore Brazil.
Meyer Turku’s layoff tally hits 250 workers
Finnish shipbuilder Meyer Turku has decided to permanently lay off additional 84 people after closing the latest phase of talks with unions, pushing the total count of job cuts to 250. As Offshore Energy – Green Marine reported in August, the first phase of the employee cooperation negotiations (YT
ConocoPhillips makes gas discovery in Norwegian Sea
Oil major ConocoPhillips has made a gas discovery southwest of the Skarv field in the Norwegian Sea.
Seven Norwegian supply bases to provide services for Equinor
Norwegian oil major Equinor has awarded NorSea Group, Saga Fjordbase, and ASCO contracts for services at supply bases in Norway.
Shell takes warm-stacked Maersk drillship for Brunei well
Maersk Drilling has secured a contract from Brunei Shell Petroleum for the drillship Maersk Viking to drill one well offshore Brunei Darussalam.
New headquarters for Maritime Developments
Back-deck equipment specialist Maritime Developments MDL has opened a new global head office in Westhill, Aberdeenshire, Scotland. The cost-saving move merges two office-based teams previously spread between Aberdeen and Peterhead. This allowed the company to consolidate the costs associated with ru
North Sea major files for CO2 storage licence as part of UK’s net-zero journey
North Sea operator Chrysaor has submitted a licence application for the purpose of storing CO2 in a depleted reservoir in the North Sea off the UK.