Business & Finance
Remazel Engineering pens Jotun FPSO upgrade deal
Italian engineering firm Remazel Engineering has won a deal from Bluewater for work on the Jotun FPSO upgrade project.
Havila Shipping scores extensions for PSV duo with Total
The Danish entity of French oil major Total has extended the contracts for Havila Shipping’s two platform supply vessels (PSVs).
GWEC: Offshore Wind Capacity to Top 234 GW by 2030
Global offshore wind capacity will surge to over 234 GW by 2030, led by exponential growth in the Asia-Pacific region and continued strong growth in Europe, according to a new report from the Global Wind Energy Council (GWEC). More than 205 GW of new offshore wind capacity will be added globally by
BP to cut fossil fuels output by 40 per cent by 2030
Following record losses in the second quarter of 2020 and the first dividend cut in a decade, BP revealed parts of its new strategy that would reshape the company from an international oil company to an integrated energy company.
Record losses result in BP’s first dividend cut since Deepwater Horizon
UK oil major BP has cut its dividend for the first time since the Deepwater Horizon disaster after record losses in the second quarter of 2020.
Green energy transition: vital role of the oil & gas industry in achieving net-zero by 2050
A green energy transition will require the industry to make real progress in reducing its carbon footprint.
Noble Corporation files for bankruptcy protection
Offshore drilling contractor Noble Corporation has filed for Chapter 11 bankruptcy protection to restructure its debt following a “severe downturn in commodity prices which has been compounded by the Covid-19 pandemic”.
Maersk Drilling chief financial officer to step down
The chief financial officer (CFO) of Danish offshore driller Maersk Drilling has announced he would leave the company.
NEO Energy wraps up buy of Total’s UK North Sea assets
NEO Energy has completed the acquisition of a portfolio of operated and non-operated assets in the UK North Sea from two Total subsidiaries.
COVID-19 forces AGS to tighten its belt
Ocean bottom node seismic player Axxis Geo Solutions (AGS) said on Monday that it will reduce operations due to significant uncertainty in the market as a result of the COVID-19 crisis. According to the Oslo-listed AGS, this should take place following its current surveys in the North Sea and Egypt.
KPI Bridge Oil and OceanConnect Marine wrap up merger
Marine fuel broking firm KPI Bridge Oil and oil trading company OceanConnect Marine have formally completed a merger to create a new brand and entity, KPI OceanConnect. The merger, first announced in February 2020, has secured a full regulatory approval, and creates one of the largest independent ma
Eni names new chief financial officer
Italian energy major Eni has appointed a new chief financial officer (CFO) of the company.
IOG picks HSM Offshore for EPCI work on Core Project Phase 1
Independent Oil and Gas (IOG) has awarded the engineering, procurement, construction, and installation (EPCI) contract for its Core Project Phase 1 platforms to Dutch contractor HSM Offshore.
EU backs Spanish LNG bunkering projects
Two Spanish LNG bunkering projects have received financial backing to the tune of €27 million ($31.7 million) from the European Commission.