Business & Finance
CMA CGM takes an equity stake in TTIA container terminal in Algeciras
French shipping and logistics major CMA CGM Group has through its CMA Terminals subsidiary acquired a 50% interest minus one share in Spain’s Total Terminal International Algeciras (TTIA) port terminal. The TTIA terminal, located in the Strait of Gibraltar at the crossroads of trade between Asia, th
Lundin and Odfjell firm up rig contract worth $33 million
Lundin Energy and Odfjell Drilling have now signed a contract for the Deepsea Stavanger rig following a letter of intent from January 2021.
UNEP FI releases guide on blue financing for sustainable ocean recovery
United Nations Environment Programme Finance Initiative (UNEP FI) has released a new guidance on blue finance to help banks, insurers and investors take action on the transition of ocean sectors to a sustainable future.
EnQuest starts shutting down Don fields in North Sea
EnQuest has started the cessation of production activities on the Northern Producer floating production facility at the Don fields in the UK North Sea.
Ocean Winds enters floating wind partnership in Greece
Ocean Winds (OW), a joint venture between EDP Renewables and ENGIE, has signed a collaboration agreement with the Greek renewable energy company Terna Energy to co-develop floating offshore wind projects in Greece. The companies said they were joining forces to identify the most suitable areas and c
CGG boss joins TechnipFMC board
UK-based subsea major TechnipFMC has appointed Sophie Zurquiyah, chief executive officer of French-based geophysical services company CGG, to its board of directors and audit committee. The appointment will become effective 1 April 2021. Zurquiyah, 54, has served as CEO at CGG since 2018. She joined
Vysus scores work on Oseberg field from Aibel
Global engineering and technology consultancy Vysus Group, formerly known as Lloyd’s Register Energy, has secured a contract with Aibel for work on Equinor’s Oseberg field centre.
Ocean Infinity adds survey specialist MMT
Houston-based marine robotics company Ocean Infinity has acquired Swedish marine survey specialist MMT. Ocean Infinity believes that the combined force will maximise the potential of its fleet of autonomous underwater vehicles (AUVs), and the soon to be launched Armada fleet of uncrewed, low-emissio
Saipem in decarbonisation push with new collaboration deal
Oilfield services provider Saipem has signed a collaboration agreement with Elkem to evaluate new opportunities in the entire CO2 capture and storage chain.
Hurricane delays plans for new Lancaster well
Hurricane Energy has decided to postpone the drilling of a second production well on the Lancaster field off the UK due to the complex nature of the well.
Ørsted opens applications for apprenticeship programme
Ørsted has opened up applications for its wind turbine technician apprenticeship programme in the UK. The programme spans across three and a half years and sees apprentices studying locally for their first year before getting hands on experience working offshore and across the company in their secon
TORM acquires Team Tankers’ MR fleet
Danish shipping company TORM has entered into an agreement to buy eight MR product tankers from Bermuda-based Team Tankers Deep Sea Ltd. for a total cash consideration of $82.5 million and the issuance of 5.97 million shares.
Trelleborg gets rid of UK offshore oil & gas operation
Swedish Trelleborg has signed an agreement and finalized the divestment of its offshore operation in Skelmersdale, England.
Chevron backs Swedish geothermal energy business
U.S. oil major Chevron has continued with its latest wave of investments in low-carbon and renewable businesses and technologies with the latest one going to a Swedish geothermal firm.