Business & Finance
Vår Energi unveils Oslo IPO terms
Vår Energi has revealed plans to increase its dividend for 2022 and disclosed details regarding an IPO and listing of shares on Oslo Børs.
Prysmian bags fresh EIB financing to speed up R&D activities
Italian cabling giant Prysmian Group has secured €135 million financing from the European Investment Bank (EIB) to boost its research and development (R&D) activities.
Another Danish company drops fossil fuel business and turns fully to renewables
Danish-based Muehlhan has sold its oil and gas business as the company decided to focus entirely on the renewable energy market. Muehlhan, which provides services in the offshore wind industry, said selling its oil and gas division supported the company’s strategy to focus its investments in sustain
PSW, Cameron in exclusive license deal for risers recertification
Scana-owned PSW Technology has signed an exclusive license agreement with oil service provider Cameron, a Schlumberger company, to carry out recertification of risers produced by Cameron.
Solstad gets rid of three anchor handlers, secures North Sea work
Norwegian offshore vessel owner Solstad Offshore has sold three of its anchor handling tug and supply (AHTS) vessels.
Shell boosts dividend and buybacks as profit swells
Energy major Shell increased its dividend and share buybacks following a jump in its quarterly profit driven by higher oil and gas prices.
New interim CEO to lead Spirit Energy through transition
As it transitions to a new phase, Spirit Energy has made board and executive appointments, including the appointment of an interim CEO.
Equinor secures approval for Norwegian Sea project
Norway’s Ministry of Petroleum and Energy has approved a development plan from Equinor for the first phase of the Kristin Sør project.
XOCEAN to launch commercial USV production that could create 1000+ jobs
Irish firm XOCEAN is advancing to become the first company to commercialise uncrewed surface vessels (USV) for ocean data gathering with a €1.7 million grant secured from the European Maritime and Fisheries Fund (EMFF).
Euroseas orders two more eco-friendly Feedermaxes
Greek ship owner and operator Euroseas has ordered two additional Eco design fuel-efficient containerships from South Korean shipbuilder Hyundai Mipo Dockyard (HMD).
Verlume bags €3M to accelerate energy transition growth plans
Verlume, a UK-based intelligent energy management and storage technologies specialist, has received a €3 million investment from a consortium led by Par Equity.
Equinor fails to find hydrocarbons in Norwegian Sea well
Equinor has failed to find hydrocarbons in the stacked Ginny/Hermine exploration prospects in the Norwegian Sea.
Harbour Energy’s CEO Europe heading out
Harbour Energy has revealed that its current CEO Europe has tendered his resignation, which becomes effective at the end of the month.
Odfjell rig starts Equinor gig
An Odfjell Drilling-owned semi-submersible rig has started its contract with Equinor, making it the third Odfjell rig to work for Equinor.