Business & Finance
Exmar settles Tango FLNG dispute with YPF
Belgium’s Exmar, the Nicolas Saverys-led shipowner, has finally settled its dispute with YPF over the Tango FLNG deal.
Saga Tankers rebrands, invests in renewables
Norwegian shipping company Saga Tankers has moved into the renewable energy sector with a new investment into a hydrogen fuel company. As part of the renewable energy strategy, the company will divest non-core assets and change its name to Saga Pure ASA. The company has appointed Bjørn Simonsen as C
SSE holding consultations for Arklow Bank 2 offshore wind project
SSE Renewables is holding public consultations in the South Wicklow and North Wexford areas in Ireland for the Arklow Bank Phase 2 offshore wind project. During the consultations held from 14 October to 11 November, the public will be able to provide feedback on the offshore infrastructure and onsho
Caspian Sunrise completes acquisition of drilling vessel
Caspian Sunrise, an oil and gas company with a focus on Kazakhstan, has completed the acquisition of the Caspian Explorer drilling vessel.
WIND opens new cable warehouse
Dutch cable logistics company WIND has opened a new European warehouse and operational office. WIND opened the new warehouse and office last week at its cable storage yard in Velsen Noord, the Netherlands. The new warehouse will be used to store accessories and equipment for the repair of inter-arra
GTT strengthens focus on hydrogen with Areva H2Gen acquisition
French liquefied natural gas (LNG) containment specialist, GTT, acquired Areva H2Gen, firming its commitment to the energy transition.
German shipbroker becomes ship finance boutique for offshore renewables
Hamburg-based Waterworks Offshore Services has reshuffled its business to exclusively serve the offshore renewable sector and to switch from a ship brokerage shop to a ship finance institution. “Traditionally coming from Chartering and S&P in the offshore markets, Waterworks today becomes the first
PGNiG, Aker BP expand cooperation with gas purchase deal
PGNiG Supply & Trading (PST), the international trading arm of the Polish oil and gas company PGNiG, and Aker BP have signed a contract for the sales and purchase of natural gas produced on the Norwegian Continental Shelf.
Westwood names head of energy transition
Market research provider and consultancy Westwood Global Energy Group has filled a newly-created role of head of energy transition.
EOWDC to bring Aberdeenshire € 5.5 million each year for two decades
European Offshore Wind Deployment Centre (EOWDC), also known as Aberdeen Offshore Wind Farm and “famous” for being the offshore wind project the current U.S. President Donald Trump fought against, is estimated to bring the Aberdeenshire area more than GBP 100 million (around EUR 110 million) over it
Tekmar Group names new CEO
Tekmar Group has appointed Alasdair MacDonald as its new Chief Executive Officer.
Hapag-Lloyd raises 2020 forecast amid strong market
German liner company Hapag-Lloyd said the performance of the container shipping market in the third quarter of 2020 was much better than expected pushing up earnings. Based on the preliminary findings, Hapag-Lloyd’s earnings before interest and taxes (EBIT) for the third quarter 2020 significantly i
Norway clears OKEA’s buy of Equinor’s Aurora discovery
Norway’s Ministry of Petroleum and Energy has approved OKEA’s acquisition of Equinor’s operated 40 per cent working interest in PL195 and PL195 B, which include the Aurora discovery.
Black & Veatch to audit renewables for Ofgem
Black & Veatch has secured work in UK energy regulator Ofgem’s Renewable Obligation Statistical Audit Programme.