Business & Finance
SAL Heavy Lift takes major stake in Intermarine
Heavy lift shipping major SAL Heavy Lift has acquired a major stake in Intermarine, paving the way to expand its business in the Americas. As informed, Intermarine will continue trading as an independent brand within the SAL Heavy Lift Group. The two will be joining forces within the Americas and cr
North Sea Wind Power Hub gets €14 million EU grant
The European Commission is investing €14 million in the North Sea Wind Power Hub (NSWPH) program. The financing will be used to carry out a study to support the development of the project. Consortium partners behind the NSWPH, Gasunie, TenneT Netherlands, TenneT Germany, and Energinet have joined to
EEL Energy expands team
French tidal energy developer EEL Energy has grown its team with several new appointments.
Lundin makes a deal to buy Barents Sea assets from Idemitsu
Lundin Energy has entered into an agreement with Idemitsu Petroleum to acquire its interests in a portfolio of licences in the Barents Sea offshore Norway.
UK subsea players remain cautiously optimistic
SMEs operating in the UK’s £7.8-billion subsea supply chain are cautiously optimistic about the next six to twelve months, according to the findings published today by the industry body Subsea UK. Subsea UK recently surveyed its smaller member companies to find out how they were dealing with the fal
Digital tools on Johan Sverdrup field boost Equinor revenues
Driven by digital technologies, Equinor has increased its earnings by more than NOK 2 billion since the start of production from its Johan Sverdrup field, located in the North Sea.
Kosmos closes $200 million facility secured against Gulf of Mexico assets
Kosmos Energy has closed a Gulf of Mexico facility with Beal Bank USA and Trafigura.
IMO’s website restored after cyber attack
The website of the International Maritime Organization (IMO) is up and running, the UN body confirmed on its Twitter account on Friday. The IMO used the social media account as one of the primary sources of communication with the public after its website went down on September 30, following a ‘sophi
TechnipFMC names new head of Technip Energies
TechnipFMC has appointed Arnaud Pieton as President and CEO-elect, Technip Energies, effective immediately. As a result, the company has also appointed Jonathan Landes to the role of President – Subsea. Pieton has been with the company since 2004 and held multiple leadership positions, including vic
Havyard closes yard amid COVID-19 outbreak
At least 17 people linked to Norway’s shipbuilder New Havyard Ship Technology AS, part of Havyard Group, have tested positive for COVID-19, resulting in work suspension at the yard. The Leirvik-based shipyard temporarily halted activities on September 30, after four infection cases were confirmed. “
Noble Energy shareholders vote yes for Chevron merger
Noble Energy’s shareholders approved the pending merger with Chevron at Noble Energy’s special meeting of shareholders held last Friday.
Equinor forced to shut down four fields due to strike
Equinor has been forced to shut down four of its offshore fields following an escalation in strike action by oil and gas workers.
U.S. offshore rig count flat for another week
The number of active rigs in the U.S. remained unchanged for another week, according to weekly rig count reports by Baker Hughes.
Borr Drilling keeping busy as rigs head to new assignments
Borr Drilling is keeping its fleet busy as three of its rigs have recently started their new contracts and two more are expected to start operations in 4Q 2020.