Business & Finance
Offshore deepwater oil production one of cheapest sources of new supply as costs reach new low, Rystad says
Oil production costs have reached a new low, making deepwater one of the cheapest sources of new supply, according to Rystad Energy.
Havyard to design Fjord1’s two new battery-powered ferries
Havyard Design & Solution AS, the subsidiary of Oslo-listed Havyard Group, has been chosen as the designer for two new battery-powered ferries to be operated by Fjord1 ASA on inner Sunnmøre, Norway. “Going forward the parties will work closely together to optimize the design for energy-efficient ope
Red numbers for PGS
PGS has seen red in the third quarter of 2020 as revenues fell close to 70 per cent. The Oslo-listed seismic player reported quarterly loss of $32.6 million, or 8 cents per share on revenues of $85 million. This result compares against profit of $31.5 million on $276.5 million revenues in the prior-
France stalls Engie’s U.S. LNG deal
Concerns over environmental implications have prompted the French government to step in and delay Engie’s LNG supply deal.
Hutchison’s acquisition of APMT Rotterdam gets green light
The Netherlands Authority for Consumer and Markets (ACM) has cleared Hutchison Ports Netherlands to acquire container terminal APM Terminals Rotterdam. The Netherlands-based terminal operator APM Terminals, a subsidiary of Maersk Group, signed a letter of intent to divest its container terminal APM
CNOOC kicks off production from Chinese gas field, sees output increase in 3Q
CNOOC Limited has started production from the Bozhong 19-6 condensate gas field pilot area development project located offshore China.
North of Tyne makes £3.5 million available to offshore wind and subsea innovators
The North of Tyne Combined Authority (NTCA) and the Offshore Renewable Energy (ORE) Catapult have launched a new £3.5 million programme for innovations in the offshore wind and subsea sectors. The Technology, Innovation and Green Growth for Offshore Renewables (TIGGOR) programme is targeting supply
Minesto shrinks interim loss
Swedish tidal energy developer Minesto has reported smaller net loss for the first nine months of fiscal year 2020 compared to the same period a year earlier.
Woodside’s Q3 revenue hurt by lower LNG prices
Australian energy giant Woodside reported a plunge in its third-quarter revenue due to lower realized LNG prices.
Helix Energy Solutions books lower profit and revenues in 3Q
Helix Energy Solutions saw its profit and revenues drop in the third quarter of 2020 compared to the same period last year.
Kapellskär, Naantali ports win EU funding to reduce emissions
Swedish Port of Kapellskär, together with Finnish Port of Naantali, has been granted EU funding to reduce, among other things, air pollutant emissions from shipping.
TechnipFMC Q3 loss narrows
UK-based TechnipFMC has reported third-quarter 2020 loss of $3.9 million or 1 cent per diluted share against $119 million loss same time last year. Adjusted diluted earnings per share, excluding charges and credits, was 16 cents, with analysts projecting some 22 cents. Revenues for the quarter were
Archer lands extension for services on seven UK North Sea installations
Archer has secured a two-year contract extension with a major North Sea operator for the provision of platform drilling operations and maintenance services.
Market diversity boosts Silixa revenue
Fibre optic monitoring specialist Silixa has announced 2019 as a breakthrough year for the firm’s financial and strategic performance. Backed by Lime Rock Partners, Chevron Technology Ventures, and Equinor Ventures, the company’s global turnover grew by 96 per cent to £20.35 million. In the same per