Business & Finance
Karoon to complete Brazilian oilfield takeover in October
Australian player Karoon Gas is expecting to close its acquisition of the Baúna field, located offshore Brazil, during October 2020.
UK Prime Minister: Offshore wind to power every home by 2030
UK Prime Minister Boris Johnson has set out commitments to ensure that offshore wind will produce more than enough electricity to power every home in the country by 2030, based on current electricity usage, boosting the government’s previous 30 GW target to 40 GW. The commitments, part of the Build
W&T Offshore output suffers amid ‘the most active storm season in 10 years’
Production by W&T Offshore has suffered an adverse impact due to an extremely active tropical storm season in the Gulf of Mexico.
Port of Antwerp: CO2 reduction project wins EU funding
The Antwerp@C consortium has won EU funding for a project that aims to study and develop CO2 infrastructure in the Port of Antwerp.
COVID-19 impact bites into Panama Canal’s FY 2020 projections
The Panama Canal closed its 2020 fiscal year with an annual tonnage of 475.1 million Panama Canal tons (PC/UMS), a 4% drop compared to projections, mainly due to the impact of COVID-19 on global trade. The canal authority ended its fiscal year with 13, 369 transits, a 2% lower than initially project
J+S Subsea welcomes back Reid as managing director
Aberdeen-based subsea controls company J+S Subsea has appointed Phil Reid as its first managing director. The company has also expanded its leadership team with industry stalwart Doug Sedge joining its board as a non-executive director. The firm launched in September following a management buyout fr
Premier Oil and Chrysaor to merge in largest independent oil & gas player on LSE
Premier Oil has reached an agreement with Harbour’s UK operating company Chrysaor regarding a proposed all-share merger between Premier and Chrysaor.
Hess sells stake in Gulf of Mexico field to fund Guyana project
Oil and gas company Hess Corporation has entered into an agreement to sell its 28 per cent working interest in the Shenzi field in the deepwater Gulf of Mexico to BHP to fund a project in Guyana.
Odfjell eyes major drilling & completion job with Equinor
Equinor has awarded a letter of intent to Odfjell Drilling for the drilling and completion of the Breidablikk project in the North Sea with Deepsea Aberdeen rig.
IOG gives up on Deltic Energy takeover plans
Independent Oil & Gas (IOG) has given up on its plan to acquire its compatriot oil and gas player Deltic Energy, formerly known as Cluff Natural Resources.
Wave energy crew inks deal for power-desal prototype trials
The Wave to Energy and Water (W2EW) project consortium has signed an agreement to test a wave energy prototype at the PLOCAN test site off Canary Islands in Spain.
Chevron closes Noble Energy acquisition
Oil major Chevron has completed its previously announced acquisition of Noble Energy following approval by Noble Energy shareholders.
Finnlines secures loan for hybrid RoRo newbuilds
Finnish ferry operator Finnlines, part of the Italian Grimaldi Group, has secured a loan of EUR 30 million (about $35 million) to finance the acquisition of its three new hybrid cargo vessels.
Equinor and Polenergia start gauging Polish offshore wind supply chain potential
Polenergia S.A. and Equinor have started preparations to develop the supply chain for the two offshore wind projects in the Polish Baltic Sea with a combined capacity of 1.44 GW. Polenergia and Equinor hold 50 per cent stakes each in MFW Bałtyk II Sp. z o.o. and MFW Bałtyk III Sp. z o.o., the specia