Business & Finance
Baker Hughes books bigger quarterly loss
Baker Hughes saw its loss deepen during the second quarter of the year as its revenues decreased by 21 per cent compared to the same period last year.
Naturgy’s H1 earnings slip
Spain’s Naturgy reported a 30.3 per cent slip in its net income for the first six months of 2020 under the impact of COVID-19.
BayWa r.e. joins ScotWind floating wind consortium
BayWa r.e. has signed an exclusive agreement to join the existing consortium of Ideol and Elicio to prepare a joint bid for Crown Estate Scotland’s ScotWind tender. With this new partnership, BayWa r.e. is said to bring significant project development and asset management skills and presence in Scot
Global offshore wind pipeline grows by 37 GW in a year
The global pipeline of offshore wind energy projects which are operational, under construction, consented, or being planned has grown by 37 GW in the last twelve months, new research published by RenewableUK shows. This is an annual increase of 30%, from 122 GW twelve months ago to 159 GW now, Renew
Aker BP cleared for production drilling on two fields offshore Norway
Aker BP has received safety consents from the Norwegian offshore safety watchdog to use two rigs for production drilling on two fields offshore Norway.
Tellurian, Petronet renew Driftwood LNG talks
US LNG export player Tellurian has reportedly renewed talks with India’s Petronet regarding an investment of up to $2.5 billion in its Driftwood development in Louisiana. Tellurian’s 27.6 mtpa Driftwood project sustained a major setback in May when a preliminary deal with Petronet LNG fell through.
Chariot CEO steps down
Chariot Oil & Gas CEO, Larry Bottomley, has stepped down from the company with immediate effect and two others have joined the board.
New York issues 2,500 MW offshore wind solicitation
The State of New York has announced its second offshore wind solicitation, seeking up to 2,500 MW of projects. The solicitation includes a multi-port strategy and requirement for offshore wind generators to partner with any of the eleven prequalified New York ports to stage, construct, manufacture k
Eni calls Nigeria bribery case ‘completely groundless’ as prosecutors seek jail sentence
Eni considers that the Public Prosecutor’s requests for conviction of the company and its executives in the Nigeria bribery case are completely groundless.
GBP 2 million funding pool available for UK offshore (wind) supply chain
The Offshore Wind Growth Partnership (OWGP) has launched a package of funding and business support activities worth GBP 2.1 million, aimed at boosting the UK offshore wind supply chain. The package includes two new funding calls and support activities for business transformation. For the funding cal
Sonatrach restarts Skikda LNG plant
Algerian state energy firm Sonatrach said it has resumed production from its Skikda LNG export plant following maintenance works that included repairing a damaged turbine. Operations resumed at the Skikda LNG export facility on July 16. Sonatrach said in statement on Tuesday that Algeria’s LNG outpu
Saipem scores offshore wind hat-trick
Saipem revealed on 22 July that it won three contracts for offshore wind farms in Europe – Dogger Bank A and B, Seagreen, and Saint Brieuc – valued at more than EUR 90 million in total. With the Equinor-SSE Renewables join venture Dogger Bank Offshore Wind Farms, Saipem inked a deal for the transpor
Maersk, Mercedes-Benz, Microsoft & others partner up on a net-zero future
Nine companies including A.P. Moller – Maersk, Danone, Mercedes-Benz AG, Microsoft Corp., Natura &Co, NIKE, Starbucks, Unilever, and Wipro, as well as Environmental Defense Fund (EDF) are launching a new initiative to accelerate the transition to a net-zero global economy. The initiative, known as T
GTT nets order for Chinese LNG tank
France’s GTT said it has won a contract for one onshore tank as part of the Hejian LNG peak shaving plant in the northern Chinese province of Hebei. The LNG containment specialist secured the deal from the plant’s EPC contractor CPECCNC, a unit of China Petroleum Engineering and Construction Corp. T