Business & Finance
Silverstream almost doubles team to support growth undeterred by COVID-19
London-based firm Silverstream Technologies is expanding its team by over 90% to support the increasing demand and uptake of its air lubrication technology. The company announced a flurry of new appointments to its senior leadership saying the expansion reflects the increasing demand for its technol
Stena Drilling finds new gigs for two rigs
Stena Drilling has won two contracts, one for a semi-submersible rig and the other for a drillship in Ireland and Suriname, respectively.
SSE selling stake in Walney offshore wind farm
SSE has agreed to sell its 25.1% non-operating stake in the 367 MW Walney offshore wind farm to Greencoat UK Wind. The stake equates to 92 MW of capacity and the total consideration is £350 million. The sale marks the first stage in SSE’s plans to dispose of £2 billion of assets by autumn 2021, [&he
Maersk to integrate Safmarine, Damco Air and LLC
Danish container shipping major A.P. Moller – Maersk plans to integrate the Safmarine brand into Maersk as part of its transformation into an integrated container transport and logistics company. In addition, the Damco brand’s Air and LCL (Less than Container Load) offering will be combined with Mae
Acteon welcomes new managing director of TerraSond
Acteon Group has welcomed Bill Curtin to the position of managing director of geospatial solutions company TerraSond. Bill has international engineering, procurement and construction industry experience, including leading KBR’s engineering and construction operations for the Americas region. His pro
OMV Petrom enters Total’s Black Sea block
OMV Petrom has entered the Total-operated Han-Asparuh exploration block located in the Black Sea offshore Bulgaria.
Principle Power joins DeepWind cluster
Principle Power has joined the DeepWind cluster to promote the development of deepwater offshore wind in the UK. Principle Power said that DeepWind is an excellent vehicle to further deepen its relationship with local and international stakeholders and suppliers in order to drive the UK floating win
Neptune Energy to keep Deepsea Yantai rig until late 2021
Oil and gas company Neptune Energy has extended the contract for the Deepsea Yantai semi-submersible offshore drilling rig until late 2021.
Norwegians to develop next-gen turbine installation vessel
Ocean Installer and Vard are entering into a partnership to develop a vessel for the installation of future offshore wind turbines. The vessel will be able to install giant offshore wind turbines weighing more than 1,000 tones at a height of over 150 meters above sea level, the parties said. “We wil
Dana Petroleum picks new chief executive officer
Aberdeen-headquartered oil and gas company Dana Petroleum has appointed a new chief executive officer (CEO) of the company.
Borr Drilling sees early signs of recovery despite 2Q loss
Borr Drilling booked a loss in the second quarter of the year as its revenues dropped, but the driller still sees early signs of recovery in the industry.
Equinor in first-ever drone transport to offshore field
Norwegian oil and gas company Equinor has completed a logistics operation with a drone to an offshore installation in the North Sea offshore Norway.
Sif posts H1 2020 results, reports exclusive talks for two offshore wind projects
The Netherlands-based foundation manufacturer Sif Group is in exclusive negotiations for two new projects in the offshore wind sector. The company left the project names and other details undisclosed, however, it said one of them is in Europe, more specifically in the North Sea. For the European pro
Navigant wins North Sea Wind Power Hub contract
Navigant Netherlands has secured a contract to provide assistance in structured discussions with policymakers to realize the North Sea Wind Power Hub (NSWPH). The Dutch company will provide support services to assist in structuring, initiation, and management of structured discussions with policymak