Business & Finance
TechnipFMC Q3 loss narrows
UK-based TechnipFMC has reported third-quarter 2020 loss of $3.9 million or 1 cent per diluted share against $119 million loss same time last year. Adjusted diluted earnings per share, excluding charges and credits, was 16 cents, with analysts projecting some 22 cents. Revenues for the quarter were
Archer lands extension for services on seven UK North Sea installations
Archer has secured a two-year contract extension with a major North Sea operator for the provision of platform drilling operations and maintenance services.
Market diversity boosts Silixa revenue
Fibre optic monitoring specialist Silixa has announced 2019 as a breakthrough year for the firm’s financial and strategic performance. Backed by Lime Rock Partners, Chevron Technology Ventures, and Equinor Ventures, the company’s global turnover grew by 96 per cent to £20.35 million. In the same per
Pacific Orca officially ready for Hornsea Two OWF
Cadeler, formerly known as Swire Blue Ocean, is ready to send its Pacific Orca vessel in early 2021 to support foundation installation at the Hornsea Two offshore wind farm in the UK. The company has been subcontracted by DEME to deliver a vessel which will support the installation of the wind farm’
Third loss in a row for Baker Hughes
Oilfield services major Baker Hughes has booked $170 million loss in the third quarter of 2020, against $57 million profit same time last year. The bottom line took a hit due to revenue drop, asset impairments, restructuring and separation related charges. This was also the company’s third straight
PGNiG to buy Danish offshore gas from Ørsted
Danish offshore wind developer Ørsted has signed a deal to sell gas to Polish oil and gas company PGNiG under a multi-year contract.
Spanish yard set to deliver Johan Sverdrup module
Spanish yard Navantia has completed and is ready to deliver a module built for the Equinor-operated Johan Sverdrup field located offshore Norway.
Enagás posts nine-month profit rise
Spanish LNG terminal operator Enagás reported a 4.7 per cent rise in its nine-month profit.
HST buys two Gardline CTVs
The UK-based High Speed Transfers (HST) has acquired two crew transfer vessels (CTVs) from Gardline Ltd. The CTVs Marian Array and Gardian 14 have been renamed to HST Thomas and HST Grace. According to HST, they will undergo an extensive refit and upgrade works package to ensure the HST Quality is r
Green light to Wintershall Dea for Dvalin start-up
Norwegian authorities have issued consent to Wintershall Dea for the start-up of the Dvalin field located in the Norwegian Sea.
Extinction Rebellion activists dump manure outside BP’s UK office accusing it of greenwashing & gaslighting
Extinction Rebellion activists have dumped manure in front of BP’s offices in Aberdeen as part of its protest against the fossil fuels industry.
Euronav bags $713 million loan
Belgian tanker giant Euronav has secured a $713 million loan facility from Norwegian finance provider Nordea. The facility comprises a revolving credit facility of up to $469 million and a term loan of up to $244 million. The loan facility was signed on September 11, 2020 with the first drawdown on
Equinor setting the scene for Northern Lights project with ‘first big contract’
Equinor is pushing forward with the development of the Northern Lights, a carbon capture and storage project in Norway.
Eco Wave Power hires licensing help for Portugal project
Swedish wave energy company Eco Wave Power has formed a strategic collaboration with Painhas for the licensing of its wave energy project in Portugal.