Business & Finance
New boss to lead Equinor in next phase of energy transition
The board of directors of Equinor has appointed Anders Opedal as the new president and CEO of Equinor from 2 November 2020.
Marine seismic industry in numbers after exploration capex slash
The low oil price has led energy companies to scale back near-term investment plans significantly, and 2020 will be very challenging for the marine seismic industry. Adding COVID-19 pandemic and energy transition from fossil fuels to this scenario has made the situation even worse, forcing seismic p
SME lands world’s first floating tidal energy array deal
Sustainable Marine Energy (SME) will supply three next generation PLAT-I floating tidal energy systems, with a rated power output of 420kW each, to project entity Spicer Marine Energy. Spicer Marine Energy has signed a design build and operate (DBO) agreement with reconcept GmbH for the first phase
Siemens Gamesa’s Danish blade test center gets IECRE approval
Siemens Gamesa’s blade test center in Aalborg, Denmark, has gained IECRE approval. According to the company, the approval was granted in the highest level required (stage (4)) with a high independency of certification bodies. Siemens Gamesa now became the first non-commercial inhouse blade test fa
New CEO for Axxis Geo Solutions
Ocean bottom node seismic player Axxis Geo Solutions (AGS) said on Friday it has appointed Ronny Bøhn as its new CEO. Bøhn, who takes over from Lee Parker, has more than 20 years of experience from the seismic industry. He has held management positions as vice president of marine operations at CGG a
TGS submits offer to buy PGS multi-client data library
TGS-NOPEC Geophysical Company has submitted a conditional offer for the purchase of the multi-client data library of PGS. Under the offer, PGS would, upon consummation of the sale, receive a cash consideration of USD 600 million. In addition, TGS has proposed that the parties enter into a post-closi
OSIL marks global export milestone
UK-based manufacturer of marine monitoring systems Ocean Scientific International Ltd (OSIL) have achieved an export milestone for global sales. Now exporting to over 100 countries, OSIL’s global customer base is ever expanding despite a challenging climate. The latest export country was Georgia wit
Aker Offshore Wind sets sights on deep-water projects
Aker Solutions’ offshore wind spin-off, Aker Offshore Wind, will initially focus on deep-water fixed-bottom and floating wind projects in four different markets: South Korea, the USA, Scotland, and Norway. ScotWind According to a company presentation, Aker Offshore Wind has entered into an agreement
Royal IHC to provide mooring and equipment for Anna Nery FPSO
Malaysian FPSO provider Yinson has awarded Royal IHC a contract for the supply of a tandem mooring and offloading system and a riser pull-in system.
Atlantis sees losses widen; Looks to raise £6 million
Simec Atlantis Energy has booked losses and a reduced consolidated cash position for the period ended 31 December 2019. Overall Group losses for the year 2019 were £35.4 million, versus loss of £24.1 million in 2018. The increase is primarily attributable to a £16.1 million non-cash disposal of seab
EIB approves financing for Borssele 1&2 offshore wind farm
The European Investment Bank (EIB) has approved a €500 million financing for the Borssele 1 & 2 offshore wind project in the Netherlands. At the beginning of the year, Ørsted applied for a loan with the EIB which will finance the construction and the operation of the 752 MW wind farm. The estimated
Delek offers $2.25B in bonds to finance Leviathan development
Israel’s Delek Drilling has revealed it would issue bonds in an aggregate amount of $2.25 billion to finance the Leviathan development.
GasLog tightens Q2 loss
Greece-based LNG shipping company GasLog tightened its losses in the second quarter of the year.
Cathie boosts business development team
Offshore geoscience and geotechnical engineering consultancy Cathie has appointed Matthew Laing as UK business development manager. He joined the company as a senior project engineer in 2018. The role will see him lead BD initiatives throughout the UK, manage key client relationships and also ensure