Business & Finance
Atlantis slashes losses; Meygen clocks in 33GWh
UK-based Simec Atlantis Energy has seen its loss cut almost by half for the six months ended 30 June 2020. The company booked overall loss before tax of £6.1 million against the loss of £11.8 million same time last year. This improvement is largely attributable to strong revenue contributions genera
Shell plans to cut up to 9,000 jobs
Oil major Shell has confirmed plans to cut between 7,000 and 9,000 jobs in a push to save up to $2.5 billion by 2022.
Advanced Insulation boosts subsea portfolio with Bardot
Advanced Insulation is strengthening its subsea division with the acquisition of French-based SURF specialist Bardot. As part of the acquisition, a new company, AIS Bardot has been created. They will operate independently but collaborate with Advanced Insulation to bring a wider range of products to
Rystad expects swift recovery in offshore oil and gas pipeline market led by Middle East
This downturn’s impact on offshore pipeline demand is lighter than that of 2016 and recovery is likely to be swift, led by projects in the Middle East, Rystad said on Monday.
Lundin: Edvard Grieg reserves increased by 50 million barrels of oil equivalent
Lundin Energy has said that the Edvard Grieg field reserves have been increased by 50 million barrels of oil equivalent and plateau production extended to late 2023.
Construction starts on Siemens Gamesa’s French turbine plant
Siemens Gamesa has begun the construction of its offshore wind turbine plant in the Port of Le Havre, France. The company revealed earlier this summer that the consortium led by GTM Normandie-Centre is in charge of the turbine plan construction. As part of the consortium, ENGIE Solutions is responsi
Equinor makes oil and gas discovery in North Sea
Norwegian oil and gas giant Equinor has made an oil and gas discovery near the Fram field in the North Sea offshore Norway.
Equinor closes Hammerfest LNG after fire
Norwegian energy giant Equinor has shut down its Hammerfest LNG export plant following a fire in an oil-powered turbine at the facility. Equinor said the incident occurred on Monday at about 15:30h local time with no injuries reported. Images on local media showed smoke rising from the plant but Equ
New Irish company establishing offshore wind base
Green Rebel Marine has acquired Crosshaven Boatyard in County Cork, which will be used to service planned offshore wind projects in Ireland. The nine-acre site, which will continue its normal operations as a boatyard, will serve as a base for the new operation to survey, equip and service a network
RWE signs lease agreements for four UK offshore wind extensions
RWE and its project partners have signed lease agreements with The Crown Estate to develop extensions of the Gwynt y Môr, Galloper, Greater Gabbard and Rampion offshore wind farms in the UK. Each proposal has already progressed through the plan level Habitats Regulations Assessment stage (HRA), The
Wintershall Noordzee drills third Sillimanite well
Wintershall Noordzee has drilled the Sillimanite South field discovery well and directly converted it into a development sidetrack.
Total moves Tyra project into the next phase following jacket installation
French oil major Total has installed two new jackets for the Tyra field redevelopment project located in the Danish North Sea.
Aker Solutions firms up Breidablikk subsea award
Aker Solutions has secured a subsea production system contract from Equinor for the Breidablikk development in the North Sea. The contract value is about NOK 2.5 billion, including options. It covers the delivery of four subsea templates and up to 23 subsea trees and associated components. Specifica
Equinor ready to submit plan for one of largest undeveloped oil discoveries in Norway
Norwegian oil and gas giant Equinor and partners Petoro, Vår Energi, and ConocoPhillips have decided to develop the Breidablikk field in the North Sea.