Business & Finance
Iberdrola buys into 3.3 GW offshore wind portfolio in Japan
Spanish energy company Iberdrola has reached an agreement with Macquarie’s Green Investment Group (GIG) to acquire 100 per cent of the Japanese offshore wind developer Acacia Renewables. Acacia Renewables currently has two offshore wind farms under development, with a combined capacity of up to 1.2
Thousands of Maersk jobs to be affected by reorganization
Over 26,000 people are expected to be affected by Maersk’s internal reshuffling, a company spokesperson confirmed to Offshore Energy-Green Marine. “Some will experience big changes, others small. Some are moving to new jobs, and a smaller number will, unfortunately, become redundant, which we take v
Eco Wave Power sets up Portugal subsidiary
Eco Wave Power (EWP) has established EW Portugal – Wave Energy Solutions, Unipessoal lda, a wholly owned subsidiary in Porto, Portugal. This move should enable EWP to commence official licensing procedures for its planned 20MW wave energy project in Portugal. This is part of the company’s concession
AqualisBraemar backs port developments for offshore wind work
AqualisBraemar’s offshore wind consultancy unit OWC and its ports and harbors unit are combining resources and know-how to support new port developments driven by the growth in the offshore renewable energy sector. According to OWC, the collaboration will work towards helping ports identify exactly
Equinor picks up drilling permit for North Sea wildcat
The Norwegian Petroleum Directorate (NPD) has issued a drilling permit to Equinor for a wildcat well located in the North Sea offshore Norway.
Carnival offloads 2 more cruise ships amid COVID-19 cash crunch
Carnival Cruise Line is selling two more cruise ships to preserve liquidity during COVID-19 , the cruise major said. The ships in question are Carnival Fascination and Carnival Imagination, which had previously been put on long-term lay-up status. “The sale of Carnival Fascination, launched in 1994,
LOC to provide DP trials for Bernhard Schulte SOVs
LOC Germany, a subsidiary of LOC Group, has secured work with Bernhard Schulte Shipmanagement (BSM) to provide remote dynamic positioning (DP) trials for two service operation vessels (SOVs). The scope of work includes the preparation of the remote DP trial program and providing marine engineering c
Bristow elects new CFO to mitigate effects of downturn
Bristow Group has appointed Jennifer Whalen as Senior Vice President, Chief Financial Officer (CFO) of the company effective on Wednesday.
Japan’s monthly LNG imports continue to decline
Japan’s LNG imports declined in August for the second straight month with average prices dropping nearly 45 percent year-on-year. The world’s largest importer of LNG received 5.84 million tonnes of the fuel last month, down 4.3 percent from a year earlier and representing the seventh monthly decline
Sapura Energy nets over $203 million in new contracts
Oil and gas services provider Sapura Energy has announced two major project wins in South America, as well as a drilling contract win in the Ivory Coast.
Evol LNG inks supply deal with Ora Banda Mining
Wesfarmers’ liquified natural gas business Evol LNG has signed a long-term deal to supply the chilled fuel to Ora Banda Mining’s gold mine.
Singapore LNG goes solar with Total
Singapore LNG Corporation (SLNG) and Total Solar Distributed Generation (DG) have signed an agreement for solar power to be implemented at the Singapore LNG terminal on Jurong Island.
Seadrill agrees debt payment suspension with creditors
Seadrill has entered into an agreement with some of its lenders for the suspension of debt payments while the company is working on restructuring its debt.
Telus and Canada invest $15M in new subsea link
Telus and the government of Canada will deploy a submarine fibre-optic cable between Sept-Îles and the Gaspésie region. The Communications and information technology company and Canada will invest $15 million into this new link. This connection will improve the reliability and security of telecommun