Business & Finance
Maersk wins new gig for warm-stacked rig, boasts second-highest quarterly revenue since listing
Maersk Drilling has revealed a new contract award for one of its jack-up rigs as well as details on its quarterly financial performance.
Odfjell exits short-sea ship business
Norwegian shipping and tank terminal company Odfjell SE has entered into a sales agreement for the last three 9,000 dwt short-sea vessels that have operated in the company’s regional trade in Asia.
EDP Renewables invests in major Asian floating solar player
EDP Renewables (EDPR) has become a major shareholder in Singapore-based solar energy company Sunseap, having acquired the stake of 87.4% to reinforce its presence in the Asia-Pacific region.
Eminox-KBB partnership targets reduced marine engine emissions
Emissions control specialist Eminox and turbocharger maker Kompressorenbau Bannewitz (KBB) have teamed up to meet emissions compliance requirements for marine diesel engines.
Cairn concludes sale of interest in two UK fields for $455 million
Cairn Energy has completed the sale of its interests in the Catcher and Kraken fields located off the UK for $455 million.
Gasum sells Risavika LNG plant to NSMP
The Nordic energy company Gasum has reached an agreement with North Sea Midstream Partners (NSMP) on the divestment of the Risavika LNG liquefaction plant.
Entire Ærfugl field now online, Aker BP says
Norwegian oil and gas company Aker BP has started production from the Ærfugl phase 2 project located in the Norwegian Sea.
After Europe, offshore wind spending closing in on oil & gas in Asia, US
Offshore wind spending is nearing that of offshore oil and gas and is anticipated to surpass it in several key markets by 2030, Rystad Energy said, with Europe being the first to count more offshore wind than oil and gas investments, followed by Asia (excluding China) and the US. In Europe, the UK a
Offshore drillers see meaningful improvement in market environment
Two giant offshore drilling contractors are encouraged by meaningful signs of improvement in the market and increase in rig day rates.
GTT YTD revenues in line with expectations
French LNG containment specialist Gaztransport & Technigaz (GTT) says its revenues for the first nine months of 2021 are in line with expectations.
Vår Energi refinances with $6 billion loan from 12 banks
Norwegian oil and gas company Vår Energi has taken out a loan of $6 billion from 12 different banks as part of its refinancing strategy.
Maersk reports record earnings, acquires German freight forwarder
Danish shipping and logistics giant A.P. Moller – Maersk closed the third quarter of 2021 with record earnings.
RVO puts the focus on green hydrogen
Peter Lambooij, senior communications advisor, and Edu Willemse, senior energy advisor, at the Netherlands Enterprise Agency (RVO.nl) shed the light on the agency’s fourth time joining OEEC, the Dutch energy sector, the importance of green hydrogen, and much more.
Neptune wraps up methane study in push to drive down emissions from O&G
Neptune Energy has completed a study with EDF to measure methane emissions on a working UK offshore platform using drone technologies.