Business & Finance
GTT posts nine-month revenue jump
French liquefied natural gas containment system specialist, GTT, reported a 53.1 per cent jump in its nine-month revenue.
Strohm gets €25M to boost energy transition goals
Thermoplastic composite pipe (TCP) specialist Strohm has received approximately €25 million convertible loan from its shareholders as it strengthens its position for low carbon energy transition activities and renewables. The investment should support the firm’s strategic objective of tripling its 2
Snam enters Israeli small-scale LNG, hydrogen markets
Italian infrastructure operator Snam has signed MoUs with Israeli companies for collaboration in small-scale LNG and hydrogen.
Polarcus swings to loss on major revenue drop
Marine seismic player Polarcus has slipped into the red in Q3 2020 as revenue fell some 76 per cent compared to prior year due to the global slow-down on the back of the COVID-19 pandemic. The Oslo-listed company reported third quarter 2020 loss of $13.5 million, versus profit of $13.7 million in Q3
Equinor books bigger loss as impairments bite
Norwegian oil and gas company Equinor saw its quarterly loss increase after being hit by impairments due to reduced future price assumptions.
Resen Waves targets growth with new CCO
Danish wave energy technology developer Resen Waves has appointed Roland Boysen as its new chief commercial officer. Boysen will be responsible for developing global sales of the Smart Power Buoy for a wide variety of applications. Per Resen Steenstrup, CEO of Resen Waves, stated: “Resen Waves is gr
Naturgy extends Puerto Rico LNG supply deal
Spain’s Naturgy and the Puerto Rico Electric Power Authority (PREPA) agreed to extend the long-term LNG supply deal.
TGS drops to quarterly loss
TGS has seen red numbers in the third-quarter 2020 with revenues down some 64 per cent amid challenging seismic market conditions. Norwegian seismic player reported net loss for the third quarter 2020 of $71 million, against $40 million profit same time last year. This corresponds to EPS of negative
Hesselø tender talks scheduled for November
The Danish Energy Agency (DEA) and Energinet will in November host a virtual market dialogue related to the upcoming tender for the Hesselø offshore wind project. The market dialogue, to be held between 25 and 30 November, will see the main elements of the tender discussed with the industry which wi
Ideol and BYUM ink serial production deal for concrete floaters
France’s Ideol has signed a formal collaboration agreement with the Swedish Bygging Uddemann (BYUM) for the delivery of its concrete floaters for offshore wind. Under the deal, BYUM will provide its know-how in serial production of concrete structures to fabricate the floating offshore wind platform
OWGP opens £1.5 million offshore wind supply chain funding call
The Offshore Wind Growth Partnership (OWGP) has launched a £1.5 million funding call for UK companies aimed at boosting the local offshore wind supply chain. Development grants of between £75,000 and £500,000 are available for capital and operational expenditure on projects that aim to unlock signif
MHI Vestas gets new CEO, executive management
Mitsubishi Heavy Industries (MHI) and Vestas Wind Systems have appointed Johnny Thomsen as the new CEO of MHI Vestas Offshore Wind. Thomsen is taking over from Philippe Kavafyan who has left the company after holding the CEO position for two and a half years. As of Thursday, 29 October, the executiv
Vestas to take full ownership of MHI Vestas
Vestas Wind Systems and Mitsubishi Heavy Industries have signed an agreement through which Vestas will acquire MHI’s shares in the MHI Vestas Offshore Wind joint venture. Vestas is to acquire MHI’s 50 per cent share of the MHI Vestas joint venture against 5,049,337 shares in Vestas that will be issu
Eni swings to quarterly loss as production falls by 10 pct
Eni booked a loss in the third quarter of 2020 while its hydrocarbons production declined due to impacts of the economic downturn.