Business & Finance
ABB to provide icebreaking propulsion to fleet of newbuild LNG carriers
Finland-based technology company ABB has won a contract worth over $300 million from Daewoo Shipbuilding & Marine Engineering to supply a power and propulsion package for six new LNG transport vessels along the Northern Sea Route.
Noble rig scoops North Sea deal with IOG
Independent Oil and Gas (IOG) has awarded a rig contract for its Core Project Phase 1 located in the UK North Sea to a Noble Corporation-owned jack-up rig.
Aker gets grant to study floating wind offshore Norway
Aker Offshore Wind has secured a grant from Norway’s Enova for a pre-project that aims to reduce costs and increase maturity in important technical segments of floating offshore wind. The launched project study explores how the supplier industry can develop and support the realization of floating of
Flex LNG director resigns from board
A director of Flex LNG, the shipping company controlled by billionaire John Fredriksen, has resigned from the board of directors.
Premier Oil gets support from creditors for Chrysaor merger
UK oil and gas company Premier Oil has received creditor support for the proposed merger with Chrysaor announced in October.
Hibiscus Petroleum completes infill drilling campaign off Malaysia
Hibiscus Petroleum has completed the St Joseph minor sands infill and major sands redevelopment infill drilling campaign.
Well-Safe Solutions secures $33.6 million investment
Well abandonment services provider Well-Safe Solutions has secured a £26 million ($33.6 million) investment to fund the next phase of the company’s growth plan.
NIRAS bolsters offshore wind activities in APAC
Denmark-headquartered consultancy NIRAS has revealed plans to enhance its presence in the Asia-Pacific offshore wind market. In line with this, NIRAS appointed its first company member in Japan, Seiko Toki, who took over the role of senior consultant to further expand the services. Toki will spearhe
Rystad sees oil demand peaking in 2028 accelerated by Covid-19 and energy transition
The Covid-19 pandemic and energy transition are expected to expedite peak oil demand to 2028 and cut demand levels to 102 million bpd, according to Rystad Energy.
Origin’s revenue plummets on lower prices
Origin Energy saw lower quarterly revenue from the Australia Pacific LNG project hindered by lower realized oil prices.
Dolphin Drilling gets new rig job in Norway
Offshore drilling contractor Dolphin Drilling has secured a new combined contract with Norwegian oil and gas operator DNO Norge.
Equinor advancing energy transition plans as new boss takes over
Norwegian oil and gas major Equinor has revealed its ambition to become a net-zero company by 2050 as its new boss is taking over his position.
Forum in 1-for-20 reverse stock split
Forum Energy Technologies’ board of directors has approved a 1-for-20 reverse stock split of the company’s issued and outstanding shares of common stock, par value $0.01 per share. This accompanies a corresponding decrease in the Forum’s authorized shares of common stock, such that, following the co
Japanese trio developing next-gen floating wind platform
The Japanese MODEC, Toyo Construction and Furukawa Electric have partnered up to develop a next-generation floating wind platform and mooring system. Japan’s New Energy and Industrial Technology Development Organization (NEDO) selected the parties to develop the project as part of the public offerin