Business & Finance
GIEK’s offshore wind portfolio quadruples in H1 2020
The offshore wind portfolio of the Norwegian Export Credit Guarantee Agency (GIEK) has quadrupled since the end of last year, the agency reported on 21 July. GIEK’s offshore wind portfolio since the end of 2019 until now amounts to NOK 4.2 billion (approximately EUR 399 million), while the state-own
Posidonia 2020 canceled amid COVID-19 concerns
Organizers of one of the biggest shipping events in the world, Posidonia 2020, have announced that the event, set to take place in October this year in Athens had to be canceled. The bi-annual trade show had been scheduled for June 2020, however, due to the pandemic, it got rescheduled for October.
EU supports 19 green maritime projects
The European Union is supporting Member States’ shift to greener fuels for transport with new funding commitments.
RWE makes it easier for Sofia OWF future supply chain
RWE has launched an online suppliers portal where companies can search for and find opportunities on the Sofia offshore wind project. The suppliers portal will display contract opportunities with the Sofia project and its key contractors as they become available. “We are keen to maximise the involve
Vroon scoops three deals with Total
Dutch provider of offshore support vessels Vroon Offshore Services has secured contracts with Total’s UK entity for three emergency response and rescue vessels (ERRV). Vroon said last week that the VOS Enterprise, VOS Prospector, and VOS Vigilant vessels would support Total E&P UK’s North Sea operat
Premier Oil signs discount deals for BP’s North Sea assets buy
Oil and gas company Premier Oil has signed sale and purchase agreements with oil major BP for the acquisition of its interests in the Andrew Area and its Shearwater assets, under revised terms announced in June.
Germans seek expedience on offshore wind to hydrogen projects
Representatives from the German offshore wind industry are urging the government to issue tenders for additional offshore wind areas needed to produce green hydrogen as quickly as possible. Germany’s National Hydrogen Strategy (NWS) opens up the opportunity to use about 3 GW of offshore wind energy
SpotOn Energy takes next step in Barryroe farm-in
After securing exclusivity for the farm-out of Providence’s Barryroe field through $3 million investment, SpotOn Energy took a new step in the farm-out process.
Maersk Drilling secures more rig work with Aker BP
Maersk Drilling has secured an additional one-well contract from Aker BP for the low-emission jack-up rig Maersk Integrator.
Trelleborg adds new chief financial officer
Trelleborg Group has appointed Fredrik Nilsson as new chief financial officer. He will assume the position during the first quarter of 2021. Nilsson will succeed Ulf Berghult, who has decided to leave his position to take up work outside the group. Ulf will complete the 2020 year-end report before l
NKT scoops up Shetland link prize
NKT has landed a €235-million contract from SSEN Transmission to deliver and install an interconnector to the Shetland HVDC Link project. The turnkey order comprises the manufacturing of approximately 2×260 kilometres of 320 kV high-voltage DC on-and-offshore power cables. It also includes installat
Mersey Tidal Power project gets new director
Industry veteran, Martin Land, has been appointed as project director for the Mersey Tidal Power project. Metro Mayor of the Liverpool City Region Steve Rotheram announced the appointment. Martin has over 30 years’ project experience across energy and infrastructure roles including consenting, devel
GasLog takes newbuild LNG tanker delivery, agrees $1 bln refinancing
Greece-based LNG shipping company GasLog has taken delivery of GasLog Westminster from the South Korean Samsung Heavy Industries shipyard.
GKFF EnNovo acquires WFS
WFS Technologies, a provider of internet-enabled wireless devices capable of operating in deep subsea conditions, has been acquired by GKFF EnNovo, following the appointment of KPMG as its administrators. Blair Nimmo and Alistair McAlinden of KPMG were appointed joint administrators of WFS on Thursd