Business & Finance
Eidesvik secures more vessel work with Aker BP
Eidesvik Offshore has been awarded a four-month extension to the current time charter party for the platform supply vessel MV Viking Lady with Aker BP.
Court in Brazil accepts corruption complaint against ex-Sembcorp Marine employee
A court in Brazil has accepted a money laundering and corruption complaint against a former Sembcorp Marine employee as part of the widespread Brazilian Car Wash probe.
Shell and Cluff ‘remain committed’ to two UK wells but one well delayed
Shell and Cluff Natural Resources remain committed to drilling the Pensacola and Selene prospects, located off the UK, despite the coronavirus pandemic.
Huw Gullick joins NOC
The National Oceanography Centre (NOC) has appointed Huw Gullick as managing director of NOC Innovations and associate director of Strategic Business Development, starting in August. NOC Innovations is the wholly owned commercial trading subsidiary of NOC, aimed to generate revenue to support the fu
EKF supports Seagreen offshore wind project with £304 million guarantee
The Danish Export Credit Agency (EKF) has provided a £304 million guarantee for the Seagreen offshore wind project in Scotland. EKF is participating in the financing together with the Norwegian ECA GIEK and 12 commercial banks. SSE Renewables recently announced it had taken a final investment decisi
Poland’s PGNiG profit hit by impairments
Poland’s dominant gas firm and LNG importer PGNiG reported a 29 per cent lower net profit in the first quarter, hit by impairments. Quarterly net profit stood at 779 million Zlotys ($196m) when compared to 1.1 billion Zlotys in the January-March period last year. Revenue also declined 4 per cent yea
Archer picked as sole provider of downhole services on Gyda P&A campaign
Archer has been awarded the fishing, milling & wellbore cleaning services for Repsol Norge on the Gyda platform located offshore Norway.
Iberdrola and Enea eye up to 3.3 GW of Polish offshore wind
Poland’s Enea Group and Iberdrola have signed a Letter of Intent (LoI) to jointly develop offshore wind projects in the Polish Baltic Sea with a possible total capacity of up to 3.3 GW. The two companies will now begin negotiations on an exclusive basis to assess the possibility of jointly investing
NZOG looking to acquire assets in Australia and New Zealand
New Zealand Oil & Gas (NZOG) is looking to increase its portfolio through the acquisition of producing assets, developing projects, and exploration prospects.
Seagreen 1 takes off, Total to take majority stake
SSE Renewables has taken a final investment decision to proceed with the Seagreen 1 offshore wind project which will now be taken forward together with the French energy major Total. Total and SSE Renewables have now entered into an agreement through which Total will take a 51 per cent stake in the
Sapura Energy bags nearly $180 million in new deals
Sapura Energy has been awarded several new contracts for its Engineering and Construction division, with a combined value of approximately $179.7 million.
Copenhagen to Host WODCON XXIII Dredging Conference
Following the successful WODCON XXII conference, organized by the Chinese chapter of the Eastern Dredging Association (EADA) in Shanghai this April, the host of the next WODCON, CEDA, announced the details for the next congress in the series. WODCON XXIII will take place from 16th-20th May 2022, at
New dates for IADC Events
Since the outbreak of the COVID-19 virus, the International Association of Dredging Companies (IADC) has been following the Dutch Government’s advisory measures with regard to limiting the spread of the virus. IADC had plans to host two events in June in The Netherlands. Both of these events are pos
KrisEnergy suspends Wassana oil field, cuts quarter of Thai workforce
Singapore’s independent oil and gas company KrisEnergy has decided to suspend operations on the Wassana oil field and reduce its workforce in Thailand.