Business & Finance
Digital tools on Johan Sverdrup field boost Equinor revenues
Driven by digital technologies, Equinor has increased its earnings by more than NOK 2 billion since the start of production from its Johan Sverdrup field, located in the North Sea.
IMO’s website restored after cyber attack
The website of the International Maritime Organization (IMO) is up and running, the UN body confirmed on its Twitter account on Friday. The IMO used the social media account as one of the primary sources of communication with the public after its website went down on September 30, following a ‘sophi
TechnipFMC names new head of Technip Energies
TechnipFMC has appointed Arnaud Pieton as President and CEO-elect, Technip Energies, effective immediately. As a result, the company has also appointed Jonathan Landes to the role of President – Subsea. Pieton has been with the company since 2004 and held multiple leadership positions, including vic
Havyard closes yard amid COVID-19 outbreak
At least 17 people linked to Norway’s shipbuilder New Havyard Ship Technology AS, part of Havyard Group, have tested positive for COVID-19, resulting in work suspension at the yard. The Leirvik-based shipyard temporarily halted activities on September 30, after four infection cases were confirmed. “
Equinor forced to shut down four fields due to strike
Equinor has been forced to shut down four of its offshore fields following an escalation in strike action by oil and gas workers.
Borr Drilling keeping busy as rigs head to new assignments
Borr Drilling is keeping its fleet busy as three of its rigs have recently started their new contracts and two more are expected to start operations in 4Q 2020.
Porthos CCS project in play for €102M EU funding
The European Commission has proposed awarding 102 million euros in funding to the Porthos project. The Porthos project centres on the capture and storage of CO2 in the North Sea floor. If the European Parliament endorses this proposal, Europe will bear a substantial share of the investment in Portho
Harmony Link project lands €720 million
The EU has allocated close to €720 million from the Connecting Europe Facility (CEF) for the investments in power transmission infrastructure in Poland, Lithuania, Latvia and Estonia. The decision follows joint application made earlier this year by transmission system operators from Poland and the t
UK gov’t unveils £200 million port infrastructure fund
Ahead of the UK’s exit from the EU Customs union, the country’s government has launched a £200 million ($258 million) fund to enable ports to build new facilities and prepare for life outside the EU.
Offshore workers’ strike to hit production on six Norwegian fields
Strike action by Norwegian offshore oil and gas workers will affect production on six fields in the North Sea offshore Norway.
Aker BP all set to start production from Norwegian gas field
Aker BP is now ready to start production from Phase 1 of its operated Ærfugl gas and condensate field development located in the Norwegian Sea.
Pandion to enter Calypso prospect after swapping license interests with ConocoPhillips
Pandion Energy has entered into an agreement with ConocoPhillips to swap interests in licenses located in the North Sea and the Norwegian Sea, respectively.
Margareth Øvrum joins TechnipFMC board
London-based TechnipFMC has appointed Margareth Øvrum, executive vice president of Equinor, Development and Production Brazil, to its board of directors, effective 1 October 2020. Øvrum, 62, has over 38 years of experience at Norwegian energy company Equinor (formerly Statoil). She will retire from
Konecranes to merge with Cargotec
Finnish engineering majors Konecranes and Cargotec have signed a combination agreement and a plan to combine the two companies through a merger. The proposed combination will be implemented as a statutory absorption merger whereby Konecranes will be merged into Cargotec. Upon completion of the merge