Business & Finance
Baker Hughes gets subsea order from Petrobras
Baker Hughes has been awarded a subsea equipment contract from Petrobras as part of the Marlim and Voador field revitalization plan.
Eni and Santos to collaborate on projects in Australia and Timor-Leste
Italy’s Eni and Australia’s Santos have agreed to cooperate on projects in northern Australia and Timor-Leste.
Acta Marine seeks co-owner to back fleet expansion
Acta Marine and shareholder MerweOord are seeking a strategic co-owner to support the further expansion of the company’s offshore wind business. The strategic plan focuses on ordering two more construction service operation vessels (CSOVs) in the short term, as well as service operation vessels and
N-O-S adds four Wilson Offshore’s vessels to its fleet
Northern Offshore Services (N-O-S) will take over the management of four Wilson Offshore’s offshore supply vessels (OSVs) designed for accommodation, cargo transfers, walk-to-work (W2W), survey, and ROV operations. Under a cooperation agreement with the ship owner Wilson Offshore, N-O-S will take ov
Icelandic maritime start-up secures fresh funding
Icelandic maritime start-up Hefring ehf. has successfully closed a financing round led by the New Business Venture Fund with the participation of Innoport and TechNexus.
Stronger price environment pushes Eni 1Q profit past $1 billion
Italian oil and gas company Eni booked a net profit of over $1 billion in the first quarter of the year due to a strengthened upstream price environment.
Offshore wind investments to reach $810 billion by 2030 – Rystad Energy
With the global installed offshore wind capacity expected to exceed 250 GW by 2030, the combined capital and operational expenditure (capex and opex) for the decade is set to reach $810 billion (approx. €670.2 billion), signaling an increasing shift of investments from oil and gas to renewable energ
Total’s profit back to pre-pandemic levels
French major Total reported a jump in profit for the first quarter of 2021, benefiting from the rising oil and gas prices.
Equinor posts best quarterly results since 2014
Norwegian oil and gas company Equinor recorded a profit of $1.85 billion in the first quarter of the year due to price recovery, sustained cost improvements, and “strict capital discipline”.
Inter-array cable issue to leave €403 million mark on Ørsted
An inter-array cable issue on several Ørsted’s offshore wind farms in the UK and Continental Europe could have a total financial impact around DKK 3 billion (around €403 million) across 2021 to 2023, the company reported in its latest financial results. A cable failure was discovered during an inspe
Aquatera appoints new director as it undergoes major restructuring
Orkney-based environmental and sustainable energy company Aquatera has embarked on a major restructuring of its activities to create a new Aquatera Group structure covering the 15 businesses that it operates and participates in.
Shearwater hooks Polarcus assets
Seismic exploration company Shearwater GeoServices has acquired marine seismic acquisition assets previously owned by Polarcus.
Boskalis buys Oceanteam-Bourbon jointly owned CSV Southern Ocean
Dutch marine contractor Boskalis has acquired Southern Ocean, a large DP-2 construction support vessel capable of executing a wide range of offshore operations.
In ‘strong start to 2021’ Shell almost doubles first-quarter earnings
Energy supermajor Shell has nearly doubled its earnings in the first quarter of 2020 due to higher realised oil prices and chemicals margins.