Business & Finance
Shell proposes to link directors’ pay to climate performance
Energy major Shell has proposed linking its directors’ pay more closely to the group’s climate performance and severing the link between bonuses and liquefied natural gas (LNG) production volumes.
Oceanteam to sell Southern Ocean vessel. Plans merger with PASSER
Oceanteam has entered into a memorandum of agreement for the sale of the CSV Southern Ocean, announcing also a potential merger with PASSER Group to target high-growth offshore renewable energy market.
Polarcus liquidators file report to Grand Court of the Cayman Islands
The FTI Consulting liquidators, appointed as joint provisional liquidators for seismic contractor Polarcus, have filed a mandatory report to the Grand Court of the Cayman Islands.
Hexicon and Aker exploring Swedish floating wind opportunities
Aker Offshore Wind and Hexicon have entered into an agreement to together explore floating wind opportunities offshore Sweden. The companies intend to establish a 50-50 joint venture with an ambition to realize multiple Swedish projects with a combined capacity of several gigawatts. Aker Offshore Wi
KRG Engineering to diversify into renewables, expand oil and gas presence
KRG Engineering (KRG), a turnkey precision engineering specialist, has announced plans to expand its presence in the oil and gas sector, while diversifying into renewables as well.
Simply Blue Energy and Subsea 7 to develop floating wind project in Scotland
Simply Blue Energy and Subsea 7 have entered into a joint venture to develop the Salamander floating offshore wind project in Scotland. The joint venture, in which Subsea 7 has a minority interest, will focus on developing the pre-commercial project of up to 200 MW off the North East Coast of Scotla
Shell to drill Pensacola well next year
Deltic Energy and Shell have made a positive well investment decision to drill the high impact Pensacola Prospect in the UK Southern North Sea.
AGR’s consultancy specialists to support OMV
Norwegian energy services company AGR has been awarded a contract to deliver consultancy specialists to oil and gas company OMV in Norway.
Another Maersk rig coming back from warm-stack for new job
Maersk Drilling has been awarded a contract with Aker BP for the ultra-harsh environment jack-up rig Maersk Reacher, which will be reactivated for the job.
Energean getting $118 million aid due to ‘severe losses’
Energean is getting financial aid of nearly $118 million due to losses suffered during last year’s oil price collapse in the wake of the Covid-19 outbreak.
West Mira rig returning to work in April after dropping X-mas tree on seabed
Following an equipment failure on the West Mira rig while it was working for Wintershall Dea in Norway, the rig is expected to remain offline for weeks.
OceanTools secures second Proeon Systems subsea housings order
Subsea engineering company OceanTools has completed the initial subsea housings supply contract for Proeon Systems, securing a second major order from the same company.
Sval Energi closes $300 million buy of Edison Norge
Sval Energi has completed its $300 million acquisition of Edison Norge, expanding its portfolio and workforce as part of the company’s growth strategy.
Total takes Jacktel’s Haven rig for Tyra job
Offshore accommodation provider Jacktel has won a contract from Total E&P for the use of the accommodation jack-up Haven at the Tyra field offshore Denmark.