Business & Finance
Eni and partners to build new open digital platform for energy transition players
Eni, the Boston Consulting Group (BCG), and Google Cloud are building a new open digital platform for companies committed to the energy transition.
GE orders Saint-Nazaire CTVs
GE Renewable Energy has placed an order with the joint venture of Louis Dreyfus Armateurs and Tidal Transit for two crew transfer vessels (CTVs) for the Saint-Nazaire offshore wind project in France. The joint venture LD Tide selected naval architects MAURIC to design the CTVs and French shipyard OC
New CFO to join Equinor next year
Equinor has appointed Ulrica Fearn as its chief financial officer (CFO) and executive vice president, with effect from 16 June 2021.
Poseidon Principles signatories release their 1st green financing report
The first disclosure report from the 15 signatories of the Poseidon Principles shows that the ship finance portfolios of three banks are aligned with the UN decarbonization targets while those of the remaining 12 banks are not. The climate assessment offers banks new insight into their lending decis
New name revealed for Premier-Chrysaor combination
UK oil and gas company Premier Oil will be renamed Harbour Energy following the completion of its merger with Chrysaor expected by the end of 1Q 2021.
Denmark and Netherlands exploring opportunities for joint offshore energy hub
The Netherlands and Denmark have signed an Agreement of Intent (AoI) to together explore opportunities for an offshore energy hub in the North Sea. Under the deal, TenneT, Gasunie and Energinet will carry out further research on the development of the joint energy hub for connecting offshore wind fa
Aker Solutions gets another Johan Sverdrup job
Norwegian oil and gas company Equinor has awarded Aker Solutions a contract for the hook-up of the fifth platform on the Johan Sverdrup field off Norway.
Seadrill left vulnerable due to lack of new agreement with lenders
Forbearance agreements between Seadrill Limited and its creditors related to senior secured credit facility agreements and leasing arrangements have expired.
E.ON taps RWE for more offshore wind power
RWE Renewables has signed a Power Purchase Agreement (PPA) with E.ON UK for the electricity produced by the Humber Gateway offshore wind farm in the UK. E.ON UK will offtake 100% of the project’s electricity from 2022 until 2035, which also includes the Renewable Obligation Certificates (ROCs). The
Norway approves carbon transport and storage project
Following a historic vote in parliament, the Norwegian Government on Tuesday announced its funding decision for the Northern Lights CO2 transport and storage project in Norway. The project will enable the shipping, reception, and sequestration of CO2 in geological strata in the Northern North Sea, a
Burckhardt secures shareholder agreement extension
Swiss LNG equipment company Burckhardt Compression has been able to negotiate an extension of its shareholder agreement for another five years.
Serica suffers Rhum delays due to Awilco rig downtime and weather
Serica Energy has encountered difficulties while conducting a well intervention project on the Rhum field off the UK due to rig downtime and weather delays.
Denmark and Germany agree to cooperate on offshore wind and energy hubs
Denmark and Germany have entered into an agreement to strengthen their cooperation on offshore wind and innovative energy hubs. The agreement is the starting point for further cooperation to explore the design of possible joint projects, and in this context, cooperation on the energy hubs in the Nor
Plymouth Uni gets over £1 million for floating wind test facility
The University of Plymouth has secured more than £1 million to create a facility for testing new innovations in floating offshore wind technology. This first-of-its-kind facility in the UK will enable physical modeling experiments with wind, wave and currents simultaneously. Data generated in the ex