Business & Finance
France: Siemens Gamesa wind turbine plant to be ready by 2022
Siemens Gamesa has selected a consortium led by GTM Normandie-Centre for the construction of its offshore wind turbine plant in Le Havre, France. The 20-hectare factory, to be built on the Quai Joannès Couvert in the Port of Le Havre, will be the first in the world to manufacture all main offshore w
EDF and CEI finalize Chinese offshore wind joint venture
EDF Group and China Energy Investment Corporation (CEI) have signed the final joint venture agreements for offshore wind projects in China. The two parties reached financial closing and the new company is now building and operating 502 MW of offshore wind projects off the coasts of Jiangsu Province,
Solstad Offshore promotes finance director to CFO role
Norwegian offshore vessel provider Solstad Offshore has picked a new chief financial officer (CFO).
HHI secures $388 million green loan
South Korean shipbuilding giant Hyundai Heavy Industries (HHI) has obtained a green syndicated loan worth ₩480 billion ($388 million) from the Korea Development Bank (KDB) and other banks.
DCO decision delayed again for Hornsea Three offshore wind project
The UK Secretary of State for Business, Energy and Industrial Strategy (BEIS) has postponed the statutory deadline for the Hornsea Project Three development consent order (DCO) application to 1 July. As reported, the DCO decision was supposed to be announced on 1 June for the Hornsea Project Three,
South Korean shipbuilders surge on giant Qatar LNG deal
Shares of South Korean shipbuilders surged on Tuesday following a landmark deal for Qatari liquefied natural gas carriers. LNG producing giant Qatar Petroleum said on Monday it signed deals with South Korea’s biggest three shipbuilders to secure more than 100 vessels worth about $19.2 billion. This
Fécamp offshore wind farm enters construction stage
The consortium comprising EDF Renewables, Enbridge, and wpd has launched the construction of the Fécamp offshore wind farm in France, following the finalisation of agreements with its financial partners. French transmission system operator RTE will start onshore construction works this month. RTE is
Aker Solutions CFO to leave
Norwegian engineering company Aker Solutions has said that Ole Martin Grimsrud will resign as its chief financial officer (CFO). Grimsrud will leave the company 1 September 2020 to pursue other opportunities, Aker Solutions said Tuesday. Aker Solutions appointed Grimsrud as chief financial officer i
BP Southern Africa gets new chief executive officer
British oil major BP has named a new chief executive officer (CEO) of its BP Southern Africa (bpSA) entity.
Seadrill takes $1.2 billion impairment and moves to ditch NYSE listing
Seadrill booked a huge loss in the first quarter of the year due to impairment charges amid a significant reduction in global oil demand.
Pieridae to be listed on Toronto Stock Exchange
Canada’s Pieridae Energy, the developer of the Goldboro LNG export project, said Monday that its shares have been approved for listing on the Toronto Stock Exchange. The company’s shares are expected to start trading on the TSX at the opening of the market on June 3. Concurrent with the TSX listing,
New ops manager for Underwater Cutting Solutions
Underwater Cutting Solutions (UCS), an Ashtead Technology company, has named Richard Lind its new operations manager. Lind will lead operations from the company’s Inverurie, Aberdeenshire base, assisting UCS General Manager Fraser Collis. Previously of Claxton Engineering, Lind brings BD and commerc
MMA vessel to support stranded Australian FPSO
MMA Offshore has been awarded a support contract with Upstream Production Solutions for the MPSV Mermaid Searcher.
Neptune Energy announces new Algeria MD
Oil and gas exploration firm Neptune Energy has appointed Mehdi Bouguetaia to take on the role of Algeria managing director. Bouguetaia joins Neptune from Shell where he was technical support and subsea operations general manager with Rashpetco JV in Egypt. An Algerian national, he started his caree