Business & Finance
OKEA takes over North Sea oil discovery from Repsol
OKEA has signed an agreement with Repsol for the acquisition of Repsol’s 40 per cent interest in PL 972, which includes the Vette oil discovery.
Vestas buys into Copenhagen Infrastructure Partners
Vestas Wind Systems has entered into an agreement with Copenhagen Infrastructure Partners (CIP) to acquire a 25% stake in the company. Through the investment, Vestas said the aim is to further expand its presence in renewable project development and invest within areas of the renewables value chain
Aker BP to develop Norwegian Sea discovery in 2021
Aker BP and the Skarv partners – Equinor, Wintershall Dea, and PGNiG – have decided to develop the Gråsel discovery located offshore Norway in 2021.
Gunvor invests in Artemis Technologies
Commodity trader Gunvor Group has made an investment in Artemis Technologies as a part of the company’s commitment to developing nonhydrocarbon solutions to maritime transportation. The investment by Gunvor follows the recent award of a £33 million ($ 44.8 million) UK Government innovation grant to
New strategy requires UK oil and gas sector to support net-zero target
A revised Strategy from the UK OGA, featuring a range of new net-zero obligations for the UK oil & gas industry, was submitted before the UK Parliament.
Energean closes Edison deal, inks new gas supply agreements for Karish
Energean has completed its acquisition of Edison E&P. Energean has also entered into new gas sales agreements to supply the gas in Israel.
Ineos buys Northwester 2 offshore wind power
RWE Supply & Trading and Ineos have entered into a long-term Power Purchase Agreement (PPA) for the Northwester 2 offshore wind farm in Belgium. RWE signed a long-term PPA with project developer Parkwind last year with plans to sell the electricity and guarantees-of-origin to its large industrial an
Solstad secures new work for platform supply trio
Norwegian vessel owner Solstad Offshore has been awarded contracts for three platform supply vessels (PSVs) for operations in the UK and Suriname.
Promising results from Maersk Drilling’s first low-emission rig
After being converted to a low-emission rig, Maersk Intrepid has entered operations as the first Maersk Drilling rig to feature this set of upgrades.
KNOT Offshore buys new shuttle tanker operating in Brazil
Shuttle tanker operator KNOT Offshore Partners has agreed to acquire a company that owns the shuttle tanker Tove Knutsen.
Two key contracts awarded for Northern Lights project
Norway’s Equinor has awarded two key contracts in connection with the Northern Lights carbon transport and storage project.
Wavepiston crowdfunding campaign hits €2M mark
Danish firm Wavepiston has reached it initial target of raising a minimum of €2 million. The wave energy developer recently opened a crowdfunding campaign on Seedrs investment platform in order to fund the final phase its technology development. The company, based in Elsinore, Denmark aims to raise
Plans filed for Northern Producer decommissioning
Northern Offshore and EnQuest have submitted combined decommissioning programmes for the Northern Producer FPF to the UK authorities.
Simec Atlantis lands £12 million investment deal
UK-based Simec Atlantis Energy has entered into a share placement agreement with a US-based investor New Technology Capital Group to raise up to £12 million ($16 million). Atlantis will get an initial investment of £2,000,000 for new shares with the value of £2,090,000 on or about 17 December 2020.