Business & Finance
Subsea 7 director Stevens passes away
Subsea 7 informed that its non-executive director and senior independent director Allen Stevens passed away on 10 January 2021. Stevens started in the shipping industry in financial planning at Sea Land Service Inc. and subsequently served as Treasurer of McLean Industries Inc. from 1972 to 1988. As
Final stages of Buchan Alpha decommissioning completed
John Lawrie Decom, a metal recycling specialist, has completed the final stages of the Buchan Alpha decommissioning project in the UK.
Neptune awards Cygnus contracts to Oceaneering and Stork
Neptune Energy has awarded integrity management and fabric maintenance contracts for its operated gas production platform, Cygnus, to Oceaneering and Stork.
Bowleven promotes director to chairman role
Africa-focused oil and gas exploration group Bowleven has named a new non-executive chairman with immediate effect.
High-impact exploration in 2021 could reach 100 wells, Westwood says
Westwood has reported that 72 high-impact wells were drilled in 2020, which is below 2019 level when 99 wells were drilled. In 2021, Westwood’s projections indicate that activity could at least reach 2020 levels with the potential to reach up to 100 wells.
MPC Capital AG launches a renewable energy platform
Oslo-listed asset and investment manager MPC Capital AG has initiated a new renewable energy platform under the brand MPC Energy Solutions as part of its strategy to capitalize on the growing demand for sustainable and cost-competitive low-carbon energy infrastructure. In a private placement directe
Scottish firm to dismantle Spirit Energy’s Morecambe platforms
CessCon Decom has been awarded a contract for the decommissioning, dismantling, and recycling of Spirit Energy’s Morecambe Bay DP3 and DP4 platforms.
Pipeshield scores record contract
Subsea asset protection expert Pipeshield has secured its largest contract win to date. The deal will see Pipeshield design, engineer, and manufacture a subsea scour protection solution for a major quay development project. According to its parent company Tekmar, the contract has a value of more tha
Floatel lands three new deals, reaches agreement with lenders
Offshore accommodation provider and reached an agreement with its lenders, which will enable it to retain the Floatel Endurance in its fleet.
Borr Drilling adds $35 million to backlog with potential for even more work
Offshore drilling contractor Borr Drilling has added about $35 million to its backlog following new contract awards for its jack-up rig fleet.
BP relaunches sale of North Sea assets Premier Oil gave up on
BP has reportedly relaunched the sale of its North Sea assets it initially tried to sell to Premier Oil before its takeover by Chrysaor.
Energean takes over Total stake in block off Greece
Energean has completed its acquisition of Total’s entire 50 per cent working interest share and operatorship position in Block 2, offshore Western Greece.
Maersk establishes a dedicated team to accelerate decarbonization
Danish container shipping and logistics major A. P. Moller Maersk is setting up a dedicated team to accelerate the company’s decarbonization efforts. Morten Bo Christiansen has been appointed head of the decarbonization team of the company. As explained by Christiansen, the team will focus on speedi
TechnipFMC split set to wrap up in Q1
TechnipFMC has relaunched its plan to split into two publicly traded companies aiming to complete the proceedings in the first quarter of 2021. Initial separation was put off in March last year due to the COVID-19 pandemic. As reported earlier, the move will result in TechnipFMC, a fully integrated