Business & Finance
Naturgy’s H1 earnings slip
Spain’s Naturgy reported a 30.3 per cent slip in its net income for the first six months of 2020 under the impact of COVID-19.
BayWa r.e. joins ScotWind floating wind consortium
BayWa r.e. has signed an exclusive agreement to join the existing consortium of Ideol and Elicio to prepare a joint bid for Crown Estate Scotland’s ScotWind tender. With this new partnership, BayWa r.e. is said to bring significant project development and asset management skills and presence in Scot
Global offshore wind pipeline grows by 37 GW in a year
The global pipeline of offshore wind energy projects which are operational, under construction, consented, or being planned has grown by 37 GW in the last twelve months, new research published by RenewableUK shows. This is an annual increase of 30%, from 122 GW twelve months ago to 159 GW now, Renew
Aker BP cleared for production drilling on two fields offshore Norway
Aker BP has received safety consents from the Norwegian offshore safety watchdog to use two rigs for production drilling on two fields offshore Norway.
Chariot CEO steps down
Chariot Oil & Gas CEO, Larry Bottomley, has stepped down from the company with immediate effect and two others have joined the board.
Eni calls Nigeria bribery case ‘completely groundless’ as prosecutors seek jail sentence
Eni considers that the Public Prosecutor’s requests for conviction of the company and its executives in the Nigeria bribery case are completely groundless.
GBP 2 million funding pool available for UK offshore (wind) supply chain
The Offshore Wind Growth Partnership (OWGP) has launched a package of funding and business support activities worth GBP 2.1 million, aimed at boosting the UK offshore wind supply chain. The package includes two new funding calls and support activities for business transformation. For the funding cal
Saipem scores offshore wind hat-trick
Saipem revealed on 22 July that it won three contracts for offshore wind farms in Europe – Dogger Bank A and B, Seagreen, and Saint Brieuc – valued at more than EUR 90 million in total. With the Equinor-SSE Renewables join venture Dogger Bank Offshore Wind Farms, Saipem inked a deal for the transpor
Maersk, Mercedes-Benz, Microsoft & others partner up on a net-zero future
Nine companies including A.P. Moller – Maersk, Danone, Mercedes-Benz AG, Microsoft Corp., Natura &Co, NIKE, Starbucks, Unilever, and Wipro, as well as Environmental Defense Fund (EDF) are launching a new initiative to accelerate the transition to a net-zero global economy. The initiative, known as T
Will Chevron’s Noble Energy swoop trigger a wave of M&A deals in oil & gas sector?
What will happen next in the upstream M&A and what direction will it take? Is now the time to go on the first buying spree after the COVID-19 outbreak and get the high-value goods at a bargain price? Chevron might agree.
ENGIE and EDPR hear the call of Ocean Winds
ENGIE and EDP Renováveis have announced the creation of Ocean Winds (OW), a joint venture equally controlled by both companies in the floating and fixed offshore wind energy sector. Headquartered in Madrid, Spain, the new company will act as the exclusive investment vehicle in offshore wind for both
Vattenfall reports lower Q2 wind figures, announces resignation of CEO
Vattenfall’s results for the second quarter of the year show a decrease in net sales and underlying operating profit of its wind business, compered to the same period in 2019. The company posted the Q2 results on 21 July, stating that the decrease is due to lower wind speeds, lower electricity price
Wilhelmsen Ship Management takes 50% stake in Ahrenkiel Steamship
Singapore-based ship manager Wilhelmsen Ship Management has acquired 50% stake Ahrenkiel Steamship, a subsidiary of Hamburg-based asset and investment manager MPC Capital AG. The joint venture will operate under the brand Wilhelmsen Ahrenkiel Ship Management in Hamburg and Rhoon, while supported by
Claxton pens master service deal with Aker BP
Claxton, an engineering and services company in subsea services group Acteon, has signed a master service agreement (MSA) with Aker BP.