Business & Finance
Third of oil and gas workers saw wages drop in 2020
According to a worldwide survey, almost one-third of workers in the oil and gas industry faced pay cuts in 2020 due to the coronavirus crisis and drop in fuel demand and prices.
Siemens Gamesa and Siemens Energy kick-start green hydrogen co-op
Siemens Gamesa and Siemens Energy are joining forces to develop a solution that fully integrates an electrolyzer into an offshore wind turbine as a single synchronized system to directly produce green hydrogen. Siemens Gamesa will adapt its development of SG 14-222 DD – the world’s most powerful off
Harren & Partner buys Wind Lift I jack-up vessel, launches SAL Renewables
The parent company of SAL Heavy Lift, Harren & Partner Group, has added the Wind Lift I jack-up vessel to its fleet and launched SAL Renewables, a specialised company that will operate in the offshore wind sector. SAL Renewables is entering the market as a supplier of specialised vessels as well as
Stena to deploy automated reporting and analytics tech across its fleet
Independent Data Services (IDS) has been awarded a fleet-wide deal with Stena Drilling for the fully integrated online reporting and analytics services.
First gas produced from Sillimanite South field
Wintershall Noordzee has started up the production of the D12-B3 well, the Sillimanite South field discovery well located in the Southern North Sea.
Verhagen stepping down as Fugro CFO
Netherlands-based Fugro has informed that its chief financial officer (CFO) Paul Verhagen has decided to leave the company. Verhagen joined Fugro as CFO and also member of the board of management in 2014. He will step down after the annual meeting of shareholders on 22 April 2021. He is up for nomin
Port of Gdansk’s €1.3 bln infrastructure investment plan on track to conclude in 2021
The Port of Gdansk expects its €1.3 billion infrastructure investments program to be completed in 2021. The investments focus on the ‘Inner Port’ and ‘Outer Port’ areas and are crucial to the port’s ambition to compete with the deep seaports of Western Europe and grow cargo handling capacity to more
Scorpio Tankers boosts liquidity with four-ship sale and leaseback deal
Tanker owner and operator Scorpio Tankers has decided to sell and lease back three MR product tankers and one LR2 product tanker to China’s AVIC International Leasing.
Spirit Energy hires Maersk rig for North Sea well
Maersk Drilling has been awarded a contract from Spirit Energy for the jack-up rig Maersk Resolve to drill one development well in the UK North Sea.
Seanergy Maritime wraps up $179 m financial restructuring
Athens-based pure-play Capesize vessel owner Seanergy Maritime Holdings Corp. has reached final agreements with its lenders for the financial restructuring of a total of $179 million, consisting of four senior credit facilities. Under the terms of the restructuring, approximately $87 million of debt
New CFO for TechnipFMC
TechnipFMC has named Alf Melin as its new executive vice president and chief financial officer, effective January 25, 2021. Melin has been with the company since 1995 and has held multiple leadership positions in finance, treasury and operations. He currently serves as senior vice president, finance
Premier Oil shareholders sign off on Chrysaor merger
A merger between Premier Oil and Chrysaor has been approved by Premier’s shareholders and the deal is expected to close by the end of 1Q 2021.
Shell to cut 330 North Sea jobs
Anglo-Dutch oil giant Shell has revealed plans to cut 330 jobs from its operations in the North Sea, most of them based in Aberdeen.
Rystad: Onshore producers have higher CO2 intensity, while offshore producers are scattered
Rystad Energy has conducted a comprehensive company-level analysis of the world’s upstream industry, identifying the top carbon-intensity performers.