Business & Finance
GasLog takes newbuild LNG tanker delivery, agrees $1 bln refinancing
Greece-based LNG shipping company GasLog has taken delivery of GasLog Westminster from the South Korean Samsung Heavy Industries shipyard.
GKFF EnNovo acquires WFS
WFS Technologies, a provider of internet-enabled wireless devices capable of operating in deep subsea conditions, has been acquired by GKFF EnNovo, following the appointment of KPMG as its administrators. Blair Nimmo and Alistair McAlinden of KPMG were appointed joint administrators of WFS on Thursd
Aker Solutions to spin off offshore wind and carbon capture tech divisions
As it plans to merge with its compatriot Kværner, Aker Solutions also intends to spin off its wind development business as well as the carbon capture technology business. The move should see two separate companies listed on the Oslo Stock Exchange. “Aker Solutions has developed technology and taken
Wärtsilä points to demand drop in cruise and scrubber investments as COVID-19 hits all businesses
The adverse impact of the COVID-19 pandemic on the Finnish technology group Wärtsilä and markets in which it operates further increased in the second quarter of the year, shrinking demand across the board. The company reported a 19% lower order intake for the first six months of this year, equaling
Port of Helsinki gets EU support for green investment projects
Finland’s Port of Helsinki has received financial support from the EU for port investment projects.
Aker Solutions merging with Kværner, names new CEO
Norwegian firms Aker Solutions and Kværner have entered into a merger plan to create an optimized supplier company. The consolidation will take the form of a statutory merger whereby Aker Solutions will absorb Kværner, in accordance with the Norwegian Public Limited Liability Companies Act. Kjetel D
BP plans to drill Ironbark well in October
BP’s environment plan for the Ironbark-1 exploration well has been approved by the Australian offshore regulator, NOPSEMA, and BP is preparing to drill the well in October 2020.
ENCORE kicks-off with regional impact campaign at Offshore Energy Exhibition & Conference (OEEC) in Amsterdam on 27 October 2020
After a successful start of the Interreg 2 Seas project, the ENCORE consortium is now planning the kick-off of its regional impact campaign at the Offshore Energy Exhibition & Conference (OEEC) in Amsterdam on 27th October 2020. At the OEEC, ENCORE will reach out to the offshore supply chain sector
Vår Energi picks up where it left off with offshore drilling activities
Vår Energi is resuming its drilling activities in the Barents Sea and the North Sea, which were postponed this spring due to the corona pandemic and oil price collapse.
Investors snap up TenneT’s € 1 billion Green Hybrid Bond
TenneT has issued a EUR 1 billion Green Hybrid Bond, from which the proceeds will be used to connect large-scale offshore wind to the electricity grid, with investors showing “keen interest” and the issue being 2.5 times oversubscribed. On 15 July, the transmission system operator priced its EUR 1 b
Offshore Wind Consultants sets up Polish office
Offshore Wind Consultants (OWC) has set up an office in Warsaw, Poland, to support offshore wind development in the Baltic Sea. To head up its new office in Warsaw, OWC appointed offshore wind consultant Lukasz Sikorski. Sikorski previously held offshore engineering roles at DNV GL, as well as site
Trident Energy wraps up buy of ten offshore fields from Petrobras
Trident Energy has completed the acquisition of the Pampo and Enchova clusters offshore Brazil from the state-owned oil company Petrobras.
Deltic Energy rejects takeover offer from compatriot oil & gas investment firm
UK-based Deltic Energy, previously known as Cluff Natural Resources, has received and unequivocally rejected a takeover offer from the compatriot oil & gas investment firm Reabold Resources.
FAR claims “good interest” for Sangomar stake sale
Australian oil and gas company FAR Limited said on Thursday it has received a “good level of interest” in the sale of its 15 per cent stake in the Sangomar oil and gas development offshore Senegal.