Business & Finance
Aker BP gets licence to drill Norwegian Sea well duo
The Norwegian Petroleum Directorate (NPD) has granted Aker BP a drilling permit for two wells located in the Norwegian Sea.
ProCon officially sets up US offshore wind subsidiary
ProCon Wind Energy has officially established a subsidiary in the U.S. dedicated to the local offshore wind sector. Last week, the company’s CEO Claus Søgaard Poulsen signed the final documents regarding ProCon Wind Energy USA Inc. The next step includes finalizing the establishment of the first U.S
Aker BP hands in Hod development plans
Norwegian oil and gas company Aker BP has submitted the plan for development and operation (PDO) for Hod to the country’s Ministry of Petroleum and Energy.
BHP picks three companies for Trion FSO engineering study
Australian firm BHP has selected three companies to deliver an early engineering study for floating storage and offloading (FSO) unit for the Trion field in the Mexican part of the Gulf of Mexico.
UK well specialist sets up Norwegian unit
Aberdeen-headquartered Exceed, a well management and performance improvement specialist, has established a Norwegian subsidiary, Exceed Norge.
Australia’s Woodside in management reshuffle
Australia’s largest LNG producer and energy giant Woodside unveiled this week a new management reshuffle. The company has promoted four executives in its team saying the move will “steer its future growth and its role in contributing to the achievement of global Paris agreement goals”. As part of th
Danish consortium raring to bankroll North Sea energy island
A consortium including three of the largest Danish pension and energy companies is ready to finance and operate the recently approved energy island in the Danish North Sea. Earlier this week, the Danish parliament approved a new Climate Action Plan which calls for the development of two energy islan
Report: Woman files $100M sexual harassment lawsuit against Schlumberger
A woman who once worked for oilfield services giant Schlumberger has filed a $100 million lawsuit against the company for alleged sexual harassment, sex discrimination, and physical danger.
SAAM places $42 million in bonds to finance Intertug acquisition
Chilean operator of port, towage and logistics services Sociedad Matriz SAAM has placed a total of UF 1.2 million ($42 million) in bonds on the local market as the company prepares to wrap up the acquisition of Intertug.
Rovco sets up Edinburgh base
Subsea technology firm Rovco has established a new office in the city of Edinburgh, Scotland. The new Scottish office location also establishes a dedicated operational base to serve Rovco’s current portfolio of offshore renewable and energy projects. The company said it aims to continue to support b
Neptune decommissions three platforms in Dutch North Sea
Oil and gas company Neptune Energy has decommissioned the L10-C, L10-D and L10-G platforms from the Dutch sector of the North Sea.
Samsung Heavy ducks $250 million damage claim by Petrobras
The US District Court of Texas has rejected a $250 million damage claim filed by Petrobras America against South Korean shipbuilder Samsung Heavy Industries.
Fred. Olsen enters green loans for jack-up trio
Fred. Olsen Windcarrier has entered into two new long-term non-recourse debt financing arrangements related to the Brave Tern, Bold Tern and Blue Tern jack-up vessels under its indirect ownership. In conjunction with the financing, the company established a green loan framework with an eligibility a
Woodside moves ahead with plans for drilling and subsea installation off Australia
Woodside has filed environment plans for the Greater Western Flank 3 and Lambert Deep development drilling and subsea installation activities to NOPSEMA.