Business & Finance
Petrofac hires Intoware to provide workflow software
Oilfield services provider Petrofac has signed a three-year partnership with workflow automation software provider Intoware to develop and deploy workflow automation software specifically tailored to the oil and gas industry.
Deep dive into oil and gas exploration – then, now, and ahead
What will become of oil and gas exploration efforts in the near- and longer-term following a drastic decrease in the level of oil and gas investments?
Clarksons: 27% of the order book to run on alternative fuels
Alternative fuels are gaining traction in the maritime industry amid growing regulatory pressure and currently, they account for 3.5% of the fleet, and 27% of the order book by tonnage, data from Clarksons Research shows.
Drewry: Vessel operating costs surge in 2020 amid COVID-19 impact
Vessel operating costs have risen at their fastest pace in over a decade this year, on higher insurance cover premiums and COVID-19 related expenses, UK-based shipping consultancy Drewry said. The costs are expected to moderate in subsequent years as pandemic related spend unwinds, according to Drew
Ørsted completes LNG business sale to Glencore
Danish renewable energy company Ørsted has completed the sale of its liquefied natural gas (LNG) business to Glencore.
Providence inks Barryroe farm-out deal with SpotOn
Irish oil and gas exploration company Providence Resources has signed a farm-out deal with SpotOn Energy for the offshore block in Ireland containing the Barryroe oil and gas discovery.
Neptune awards three-year water treatment deal to Separo
Solids control, hazardous waste stream, and wastewater expert Separo has been awarded a three-year contract for the provision of produced water treatment services from Neptune Energy.
Sea Lion farm-in extended to enable Premier-Chrysaor merger
Rockhopper Exploration and Premier Oil have agreed to extend the exclusivity period for Navitas Petroleum’s farm-in to the Sea Lion project located offshore the Falkland Islands.
Borr Drilling faces challenging financial situation amid payment delays in Mexico
Borr Drilling is facing a very challenging financial situation amid a difficult market environment combined with payment delays from Pemex in Mexico.
Equinor gearing up for fresh Barents Sea well
Equinor has received consent from the offshore safety authority to drill an exploration well in the Barents Sea using the Transocean Enabler rig.
Schlumberger workers in Norway to strike over pay and working conditions
Some 262 oil service workers at Schlumberger’s Norwegian entity plan to go on strike from 3 December if negotiations with employers over pay and working conditions fail.
Eco Wave Power cuts loss
Swedish company Eco Wave Power has reported a decrease in losses for the third quarter of 2020 as opposed to the same period a year earlier.
DNV GL suspends Nord Stream 2 work dreading U.S. sanctions
Classification society DNV GL has suspended work on Gazprom’s Nord Stream 2 gas pipeline project over fears of sanctions by the United States.
EU awards SATHScale floating wind project with € 2.4 million
The European Commission has awarded Saitec Engineering with € 2.4 million funding under the Blue Economy Window call. The funding will support the SATHScale project in bringing to market the SATH floating wind technology through scaling-up the prototype from the technology validation and demonstrati