Business & Finance
Eni narrows quarterly loss but output takes a hit
Italian oil and gas company Eni managed to cut its losses in the fourth quarter of 2020 as its production dropped by 11 per cent year-over-year.
AqualisBraemar LOC continues acquisition spree, buys East Point Geo
AqualisBraemar LOC Group is acquiring East Point Geo, a UK-based geoscience consultancy in the offshore and onshore renewable energy and oil and gas sectors. AqualisBraemar LOC, which has entered into a definitive agreement to obtain 100 per cent of the share capital of East Point Geo Limited, said
Woodside, RWE ink seven-year LNG supply deal
Australian LNG major Woodside, through its unit Woodside Energy Trading Singapore, has signed a 7-year LNG supply deal with RWE Supply & Trading.
Petronas to offer 13 offshore exploration blocks in new bid round
Petronas will be offering 13 offshore exploration blocks in Malaysia at the upcoming Malaysia Bid Round (MBR) 2021 launch on 26 February 2021.
Petrofac sells UK training business to 3t Energy
3t Energy Group has exchanged contracts with oilfield services provider Petrofac for the purchase of its UK training centres.
Chrysaor spuds North Sea well with COSL rig
Drilling operations on the Chrysaor-operated Jerv exploration well, located offshore Norway, started on 18 February 2021, using the COSLInnovator rig.
Navantia-Windar JV receives first ‘Made in France’ jacket components for Saint-Brieuc OWF
The Navantia-Windar joint venture has received its first jacket foundation components for the Saint-Brieuc offshore wind farm manufactured in the Brest polder, France. Navantia-Windar established the manufacturing hub in the Brest polder in 2019, subcontracting multiple local companies for its first
New insurance fund to act as ‘golden ticket’ for ocean energy scale-up
Ocean Energy Europe (OEE) has appointed risk and insurance consultancy Renewable Risk Advisers to design a brand-new European insurance fund for the ocean energy sector as part of the EU-funded OceanSET project.
Premier gets the nod for Balmoral decommissioning plans
Premier Oil’s decommissioning plans for the Balmoral field, located in the UK North Sea, have been approved by UK authorities.
Equinor and Engie team up for low-carbon hydrogen projects
Norway’s energy giant Equinor and French utility company Engie have entered into a partnership to develop joint low-carbon hydrogen activities.
BP unveils first-ever employee share award plan
Oil major BP is launching a first-ever share award scheme to more than 60,000 employees as the company continues transitioning towards a greener future.
GOGL splashes $752 million on 18 bulkers in fleet renewal push
Golden Ocean Group Limited has acquired 18 scrubber-fitted dry bulk vessels for a total of $752 million from affiliates of Hemen Holding Limited, a company indirectly controlled by John Fredriksen, the company’s largest shareholder. The batch consists of 10 Newcastlemaxes built in 2019-21 and 8 Kams
Nexans swings to full-year profit
Cabling specialist Nexans has finished the year 2020 in black despite revenue drop of close to 9 per cent. The company booked net income of 80 million euros in 2020, compared to a net loss of 118 million euros in 2019. This included negative 102 million euros of estimated Covid-19 impact and the pos
Flex LNG posts profit jump
Flex LNG, a pure-play LNG carrier company, reported a significant jump in its quarterly profit on Wednesday.