Business & Finance
Technip Energies buys its own shares from TechnipFMC
Energy transition company Technip Energies has agreed to buy €20 million (approx $ 24 M) equivalent of its own shares from TechnipFMC.
Maersk raises full-year guidance as it rides exceptional market
Industry heavyweight A.P. Møller – Mærsk A/S has lifted market guidance for the full year of 2021 citing an exceptional market situation in the container shipping sector. The company is now forecasting an underlying EBITDA in the range of $13-15bn from the previously guided $8.5-10.5bn and underlyin
Eolink, Kranendonk eye floating wind foundation gigafactory
French floating wind foundation developer Eolink and Dutch robotics company Kranendonk are looking into setting up a gigafactory for automated production of floating wind foundations. Eolink said it had slightly adapted its detailed design to be fully compatible with automated welding robots which w
PLOCAN and METCentre sign offshore wind collaboration agreement
Spain’s Oceanic Platform of the Canary Islands (PLOCAN) and the Norwegian METCentre (Marine Energy Test Centre) have signed a collaboration agreement focused on offshore wind. Under the agreement, METCentre and PLOCAN pledge to work on offshore wind in deep waters in their respective countries, as w
Costamare takes York Capital’s stake in five 11,000 TEU boxships
Greek shipping company Costamare Inc. has acquired York Capital’s 60% equity interest, on average, in five 11,000 TEU containerships.
Schlumberger, Equinor to collaborate on data platform project
Schlumberger and Equinor, in collaboration with Microsoft, have partnered up on a strategic project to deploy the DELFI cognitive E&P environment, with seamless integration to the OSDU Data Platform.
Siem Offshore bags MPSV contract in North Sea
Norwegian marine contractor Siem Offshore has been awarded its first contract with Dutch subsea services provider DCN Diving for the multi-purpose support vessel (MPSV) Siem Dorado.
Polish construction company unveils offshore wind plans
One of the largest Polish construction companies, Mostostal Warszawa, plans to invest in a factory for offshore wind foundations, the company informed on 26 April. Mostostal Warszawa plans include manufacturing concrete gravity-based structure (GBS) foundations for offshore wind farm projects in Pol
EnQuest enters $42 million deal to buy Bentley field from Whalsay
UK oil and gas company EnQuest has signed a share purchase agreement with Whalsay Energy to purchase their 100 per cent equity interest in the P.1078 licence containing the proven Bentley heavy-oil discovery.
Archer signs offer to buy DeepWell from Moreld
Offshore services provider Archer Limited has signed an offer letter with Moreld laying out principle terms to purchase 100 per cent of the shares in DeepWell AS.
Wärtsilä: Scrubber ordering driven by container newbuilds
The order intake in the scrubber sector is mainly driven by the newbuilding market of container shipping vessels at the moment, which has rebounded considerably from the last year’s lows. “For container newbuilds, the scrubber solution is the selected solution,” Håkan Agnevall, President and CEO of
BW Offshore to demolish laid-up FPSO despite previous re-use plans
BW Offshore has decided to recycle its laid-up FPSO Berge Helene despite previous plans to use it on a project development located in Brazil.
Equinor’s Troll West electrification to cut CO2 emissions by almost half a million tonnes per year
Equinor and partners have decided in favour of Troll West electrification and are submitting the plan for development and operation.
MCB bankrolls Senegal’s use of floating LNG power plants
The Mauritius Commercial Bank (MCB) is facilitating Senegal’s transition to LNG for its electricity production through its $60 million participation in Karpowership operations.