Business & Finance
Acergy Viking continues working for Siemens Gamesa
Siemens Gamesa has extended the charter of Eidesvik Offshore’s service operation vessel (SOV) Acergy Viking. The long-term contract will commence in direct continuation of the current contract extending the firm period until the end of January 2027. Eidesvik entered into an agreement with Siemens Ga
Total parts ways with American Petroleum Institute over differences in climate positions
French energy giant Total has decided to withdraw from the American Petroleum Institute (API) following a detailed analysis of API’s climate positions.
GKinetic bolsters team
Irish hydrokinetic turbine developer GKinetic Energy has expanded its team further with a new hire of a mechanical design engineer, Gary Brennan. Brennan previously operated his own Architectural Technology service for 8 years specialising in draughting, surveying & certification and developing exte
Cloudberry and Downing sign sale deal for Swedish lake wind farm
Cloudberry Clean Energy and Downing LLP have signed the share purchase agreement (SPA) for the construction and ownership of a 100 MW nearshore, shallow-water wind farm in Lake Vänern in southern Sweden. In September 2020, Cloudberry acquired Scanvind2 AS, the holding company of the Rewind Vänern of
Ex-Petrofac exec pleads guilty in bribery case related to contracts in UAE
A former executive at Petrofac has pleaded guilty to bribery offences related to contract awards to Petrofac in UAE worth about $3.3 billion.
Lundin set to drill North Sea well
Norway’s offshore safety regulator has given Lundin consent for exploration drilling of an offshore well using the West Bollsta rig.
CIP to sell Beatrice stake to TRIG and Equitix
Copenhagen Infrastructure Partners (CIP) is selling its 35 per cent stake in the 588 MW Beatrice offshore wind farm to The Renewables Infrastructure Group (TRIG) and funds managed by Equitix Investment Management Limited. TRIG has exchanged contracts with CIP to acquire an equity interest of 17.5 pe
Maersk rig gets early termination from Dana
Offshore drilling contractor Maersk Drilling has received notice of early termination for convenience of a one-well contract with Dana Petroleum in Denmark.
Seagreen to reach full capacity, feedback sought on Seagreen1a grid links
Seagreen 1A Ltd. is seeking feedback on the onshore and offshore grid connection proposals related to the remaining 36 turbines to be installed at the Seagreen offshore wind project. The company is undertaking pre-application consultation ahead of potentially submitting applications to East Lothian
Norway’s Odfjell places shipping’s 1st sustainability-linked bond
As the first in the international shipping industry, Norway’s Odfjell SE has successfully issued a sustainability-linked bond.
Vestas announces layoffs as offshore and onshore wind organisations integrate
Danish wind turbine manufacturer Vestas plans to lay off around 220 people in the process of integrating its offshore and onshore wind organisations. Vestas has recently acquired MHI Vestas Offshore Wind, and following the closing of the agreement with MHI, the company has begun the integration of V
Seismic player AGS seeks financial lifeline
Ocean bottom node seismic player Axxis Geo Solutions (AGS) is looking to address its debt situation and improve its balance sheet through a capital restructuring. The Oslo-listed company said it has over some time been in active dialogue with its current stakeholders and other strategic and financia
OHT opening turbine installation headquarters in Denmark
Norway-headquartered OHT is launching a new office in Denmark as the base for its operational and commercial activity for offshore wind turbine installation. The new office will be located in Vejle and is expected to be ready from 1 May. OHT Renewables DK will be headed by Tony Millward, who previou
Maersk, The Ocean Cleanup extend partnership for three more years
The Dutch environmental organization The Ocean Cleanup and A.P. Moller- Maersk have extended their relationship by three more years. The organization’s mission is to develop advanced technologies to rid the world’s oceans of plastic. To achieve this goal, they aim to stop the inflow via rivers and c