Business & Finance
Rystad: Biden win could benefit short-term oil demand, but Trump win could be the most bullish outcome
Energy intelligence firm Rystad Energy believes that if Trump should win it may make oil prices great again while Biden effect is more mixed.
Baker Hughes in energy transition push with 3C buy
Oilfield services player Baker Hughes is acquiring a pioneering technology development company Compact Carbon Capture (3C). The agreement includes all intellectual property, personnel and commercial agreements. With this move Baker Hughes aims to provide solutions for carbon-intensive industries, in
Dana adds more oil to Triton FPSO with new North Sea well
Dana Petroleum has started production from a new well on the Bittern field located offshore the UK. The well is tied back to Dana’s Triton FPSO.
Equinor gathers public feedback for UK offshore wind extensions
Equinor has published the summary reports from the first phase of community consultations for the extensions of the Sheringham Shoal and Dudgeon offshore wind farms in the UK. As part of the development process, early-stage proposals were presented locally and online for feedback from the community
Transocean books third quarter profit
Transocean booked a profit in the third quarter of 2020 backed by a gain on restructuring and retirement of debt, offset by a loss on disposal of assets.
ABB to provide icebreaking propulsion to fleet of newbuild LNG carriers
Finland-based technology company ABB has won a contract worth over $300 million from Daewoo Shipbuilding & Marine Engineering to supply a power and propulsion package for six new LNG transport vessels along the Northern Sea Route.
Noble rig scoops North Sea deal with IOG
Independent Oil and Gas (IOG) has awarded a rig contract for its Core Project Phase 1 located in the UK North Sea to a Noble Corporation-owned jack-up rig.
Aker gets grant to study floating wind offshore Norway
Aker Offshore Wind has secured a grant from Norway’s Enova for a pre-project that aims to reduce costs and increase maturity in important technical segments of floating offshore wind. The launched project study explores how the supplier industry can develop and support the realization of floating of
Premier Oil gets support from creditors for Chrysaor merger
UK oil and gas company Premier Oil has received creditor support for the proposed merger with Chrysaor announced in October.
Well-Safe Solutions secures $33.6 million investment
Well abandonment services provider Well-Safe Solutions has secured a £26 million ($33.6 million) investment to fund the next phase of the company’s growth plan.
Rystad sees oil demand peaking in 2028 accelerated by Covid-19 and energy transition
The Covid-19 pandemic and energy transition are expected to expedite peak oil demand to 2028 and cut demand levels to 102 million bpd, according to Rystad Energy.
Dolphin Drilling gets new rig job in Norway
Offshore drilling contractor Dolphin Drilling has secured a new combined contract with Norwegian oil and gas operator DNO Norge.
Equinor advancing energy transition plans as new boss takes over
Norwegian oil and gas major Equinor has revealed its ambition to become a net-zero company by 2050 as its new boss is taking over his position.
Acteon names new InterMoor MD
Subsea services group Acteon has appointed Chris Johnston as group managing director of its global moorings and anchors business – InterMoor. Based i Houston, Johnston brings more than 35 years of industry experience from every major oil and gas basin. He recently served as a vice president at Valar