Business & Finance
Equinor spent nearly $18 billion on suppliers in 2020
In 2020, Norwegian oil and gas giant Equinor purchased goods and services worth NOK 150.8 billion (about $17.8 billion) from around 8500 suppliers globally.
OGA takes proactive approach and launches probe into licence breach
UK’s petroleum regulator, the Oil and Gas Authority (OGA), has opened an investigation into a possible breach of reporting requirements under a licence.
Offshore Wind Growth Partnership grants € 1.5 million to 12 UK companies
The Offshore Wind Growth Partnership (OWGP), established as part of the Offshore Wind Sector Deal and funded by members of the Offshore Wind Industry Council (OWIC), has awarded twelve UK companies a total of GBP 1.3 million (around € 1.5 million) in funding and business improvement support. “These
Repsol Sinopec, TechnipFMC, Petrofac in pact to boost recovery in North Sea
Repsol Sinopec Resources has formed a partnership with TechnipFMC and Petrofac, which seeks to maximise the recovery of oil and gas from the UKCS
McConnell takes reins at Aleron
ROV solutions, tooling and products specialist Aleron has promoted Gary McConnell to its new managing director. Formerly commercial manager, McConnell steered the business through a challenging year and will continue to lead Aleron through a period of growth, implementing new internationalisation st
Red numbers for Aker Solutions; Loss also expected in 2021
Norwegian energy services player Aker Solutions has seen its loss widened in the fourth quarter 2020 on impairments and lower activity, which led to some 30 per cent revenue drop. The Oslo-listed company recognised quarterly net loss of NOK 844 million, versus net loss of NOK 129 million in Q4 2019.
Transocean adds more work to backlog, retires Leiv Eiriksson rig
Transocean has secured new contracts for its fleet, bringing the total backlog to $7.8 billion, but it has also decided to retire the Leiv Eiriksson.
Rotterdam Port and Uniper plan green hydrogen project
Uniper and the Port of Rotterdam Authority are investigating the possibilities of large-scale production of green hydrogen at the Maasvlakte area in Rotterdam. The plan is to realize a hydrogen plant on Uniper’s site by 2025 that would have a capacity of 100 MW and to expand this capacity to 500 MW.
New business structure for James Fisher Offshore
James Fisher Offshore (JFO) has divided its UK team into specialised divisions to meet the requirements of its two key markets: the decommissioning sector and the life of field industry. According to the company, this approach enables customers to work with a dedicated team that focuses solely on th
Equinor field at risk of shutdown over possible strike at Mongstad
Norwegian oil and gas company Equinor has warned that possible strike action at the Mongstad refinery could affect offshore fields on the NCS.
Vysus to support Norwegian offshore safety watchdog
Petroleum Safety Authority (PSA), the agency responsible for safety in the petroleum sector across the Norwegian continental shelf, has awarded a framework agreement with global engineering and technology company Vysus Group.
The ports of Antwerp and Zeebrugge joining forces
The City of Antwerp and the City of Bruges in Belgium have reached an agreement to merge their respective ports. The agreement marks the start of a unification process that is expected to take a year to finalise. Once completed, the ports will operate under the name ‘Port of Antwerp-Bruges’. The por
SeaTwirl patents its wind turbine technology in Japan
SeaTwirl has been granted a patent for its divisible offshore wind turbine by the Japanese Patent Office. “Japan has great water depths and large cities along the coasts, which is an interesting market for our floating wind turbine, especially when Japan has set a goal of becoming CO2 neutral by 205
Impairments drag GC Rieber into the red
Norwegian shipowner GC Rieber Shipping has slipped into the red in the fourth quarter of 2020 on impairment of Subsea & Renewables vessels. GC Rieber Shipping had a net loss of NOK 44.9 million in Q4 2020 including impairment of the Subsea & Renewables fleet of NOK 37.1 million, compared with a net