Business & Finance
Ocean Ecology and Åkerblå to work together in offshore wind
Norwegian environmental and technical consultancy Åkerblå Group is buying into UK-based marine and environmental survey specialist Ocean Ecology with an aim to work in offshore wind. Åkerblå Group is acquiring 51% of the shares in Ocean Ecology, while the founders and current owners will retain the
Aker wins Kværner’s Nordsee Ost OWF case
Aker Solutions has received the final ruling from an arbitration tribunal in Germany in the case concerning the Nordsee Ost offshore wind project for which Kværner, now part of Aker, delivered jacket foundations. “The ruling entitles Aker Solutions to receive a recoverable cash amount of approximate
Maersk to reactivate jack-up rig for Dutch North Sea job
Maersk Drilling has been awarded a one-well contract by Petrogas E&P Netherlands, which will employ the harsh-environment jack-up rig Maersk Resolute.
Damen sets up ship financing division
Dutch shipbuilder Damen Shipyards Group revealed plans to launch a specialised financial services division, starting from 1 April 2021.
Neptune to test methods for measuring offshore methane emissions
Neptune Energy and EDF will test an approach for measuring oil and gas methane emissions from offshore oil and gas facilities.
Saipem to pay up for overtime work violation on rig
Saipem will have to pay compensation to two offshore workers in Norway due to the violation of working hours regulations.
Shell UK head to lead low-carbon fuels. North Sea boss replaced
Oil major Shell has made changes in its UK senior leadership as part of a global overhaul to cut costs and shift away from oil and gas to renewable power.
OPEC and allies extend oil production cuts into April
OPEC and allies on Thursday decided to extend oil production cuts into April 2021, while offering small exemptions to Russia and Kazakhstan.
NKT nets long-term cable service contract in Denmark
NKT has signed a long-term agreement with Danish grid operator Energinet on maintenance and repair of both offshore and onshore power cables in Denmark. The contract, which will run for eight years, includes services and repairs of XLPE, mass impregnated (MI) and oil filled power cable systems with
Norden posts the strongest result in 10 years
Danish shipping company Dampskibsselskabet Norden A/S has delivered its best annual results in the past ten years having reported a $106 million profit for 2020. The results are being announced on the back of a very challenging market plagued by volatility and uncertainty due to COVID-19. In the tan
Able UK gets government funding for offshore wind upgrade
The UK government has selected Able UK’s Able Marine Energy Park (AMEP) for funding under the Offshore Wind Manufacturing Investment Scheme, which will ensure the port infrastructure can accommodate next generation offshore wind activities. “The government will make an offer of support, in principle
Aker Solutions hired to modify Åsgard B for production boost
Aker Solutions has won a substantial contract from Equinor for modifications on the Åsgard B gas and condensate platform to enable increased production.
Responsible ship recycling initiative welcomes SEB
Swedish financial services group SEB has joined the Responsible Ship Recycling Standards (RSRS), a joint bank initiative for ensuring environmentally and socially responsible dismantling and recycling of ships.
Diamond Transmission Partners buys Hornsea One link
Diamond Transmission Partners has signed an agreement with the owners of the Hornsea One offshore wind farm to acquire the project’s transmission assets. The transmission assets hold an asset value of GBP 1.175 billion and include the onshore substation, export cables, the offshore reactive compensa