Business & Finance
Well-Safe Protector rig arrives home to prepare for decom work
Well-Safe Solutions has welcomed home its new rig the Well-Safe Protector for preparations ahead of deployment in early 2021.
Aker Solutions gets $114M Kristin Sør deal from Equinor
Norwegian engineering firm Aker Solutions has signed a letter of intent with compatriot oil major Equinor for the delivery of a subsea production system to the Kristin Sør oil and gas satellite fields in the North Sea.
Vår Energi CEO heading out to lead Petoro
CEO of Vår Energi is leaving her role in the company to lead another Norwegian oil and gas company, the state-owned Petoro.
Darr: We can’t afford to focus on one solution
The shipping industry has to have an open mind and look at a wide range of solutions to decarbonize, avoiding the risk of focusing on a single pathway, Bud Darr, Executive Vice President, Maritime Policy and Government Affairs of MSC Group, said. Darr was one of the panelists of the Leadership Insig
Amazon and Ørsted Sign Largest Offshore Wind Corporate Power Purchase Agreement in Europe
Amazon has signed a ten-year corporate power purchase agreement with Ørsted to offtake the output of 250 MW from Ørsted’s planned 900 MW Borkum Riffgrund 3 offshore wind farm in Germany. This CPPA will contribute to Amazon’s target of being 100 per cent renewable by 2030 as part of the company’s goa
The world to run out of oil supply to meet demand unless exploration speeds up, Rystad reports
The world is on track to run out of sufficient oil supplies to meet its needs through 2050 unless exploration speeds up, Rystad Energy reveals.
Ocean Installer focuses on offshore wind, renames to Havfram
Norway-headquartered Ocean Installer has changed its name to Havfram, saying that the move reflects the company’s increased commitment to offshore wind. “The solid revenues derived from our oil and gas projects, as well as our broad project and engineering expertise, are now being utilised to create
Shell executives quit over green transition disagreements
Several clean energy executives have left from oil major Shell over a disagreement on how far and fast the company should move towards greener energy.
TFG Marine to offer marine biofuels from Q1 2021
TFG Marine, a joint venture bunker company, launched by Trafigura, Frontline Ltd, and Golden Ocean Holdings earlier this year, is planning to transition to lower carbon fuels as it marks rapid business growth. The JV was announced back in 2019, with Golden Ocean and Frontline acquiring 10 percent an
Life after COVID-19: Will the world as we know it change for good?
With the first lockdowns in place in March 2020, the Internet and social media were buzzing with posts and images of empty cities, and in some cities, even wild animals were pictured roaming the streets as if nature was reclaiming the world from humanity. As governments across the globe shut down th
New CFO to join Maersk Drilling in early 2021
Maersk Drilling has appointed a new Chief Financial Officer as its current CFO is planning to leave the company early next year
Offshore wind investments to swell in 2021 with new markets
Investments in offshore wind projects in new and emerging markets next year will result in offshore wind gaining a greater share of the total wind power market globally, according to the latest report from Fitch Solutions. There are currently over 66 GW of offshore wind in pre-construction or constr
HALO acquires Schooner field for reactivation. Platform not part of the deal
Oil and gas company Hague and London Oil (HALO) has set out plans to reactivate the out-of-production UK North Sea field and reroute gas through infrastructure in the Netherlands.
Eni and Saipem in push to reduce carbon footprint through new collaboration
Italian oil and gas giant Eni and oilfield services provider Saipem are entering into a collaboration for decarbonization projects in Italy.