Business & Finance

Solstad Offshore secures North Sea work for PSVs
Solstad Offshore has been awarded contracts for two platform supply vessels by an unnamed North Sea operator.

Siemens, Total to work on “green” LNG production
A unit of German engineering giant Siemens has entered into a deal with French energy group Total to advance new concepts for “green” liquefied natural gas production. As part of the contract, Siemens Gas and Power is conducting studies to explore a variety of possible liquefaction and power generat

Shell taps AF Gruppen for Curlew FPSO decom job
AF Gruppen has been awarded a contract by Shell for dismantling and recycling of the Curlew FPSO, which operated in the UK North Sea.

Neptune Energy’s VP of exploration set to leave
The vice-president of exploration and development at oil and gas company Neptune Energy has opted to leave her role in the fall of 2020.

Ørsted reaches 7 GW offshore wind capacity with turbine No. 1500
Ørsted has installed its 1,500th offshore wind turbine with which the world’s leading offshore wind developer reached 7 GW of capacity installed. Ørsted achieved this milestone recently after installing the 25th Siemens Gamesa 8 MW wind turbine on the 752 MW Borssele 1 & 2 wind farm in the Dutch Nor

Aker BP and Equinor to coordinate development of North Sea licences
Aker BP and Equinor have entered into an agreement in principle on commercial terms for a coordinated development of the licences Krafla, Fulla, and North of Alvheim.

Europa Oil & Gas buys Edge licence offshore Ireland
Exploration and production company Europa Oil & Gas has acquired a 100 per cent interest in Frontier Exploration Licence (FEL) 3/19 offshore Ireland from Norwegian oil company DNO.

Legasea set for expansion
Legasea is set to expand into international markets over the next 12 months, following support and advice from Business Gateway. The company is anticipating the growth of its team into 2021, with the addition of up to ten new roles. The business provides an alternative route for recovered subsea pro

Ørsted and Deutsche WindGuard join hands for offshore wind technician training
Deutsche WindGuard and Ørsted have kicked off their cooperation to together provide GWO training for offshore wind technicians. The training starts this week at the safety training center in Norddeich, north Germany. For Deutsche WindGuard this is the second training center in addition to the one in

Petrofac to support CCS and hydrogen project in UK
Petrofac has been awarded an engineering and project management office support contract for the Acorn project.

Wintershall Dea adds more time to Energy Swan PSV charter
Norwegian offshore vessel operator Golden Energy Offshore Services (GEOS) has secured another contract extension for its Energy Swan platform supplier with Wintershall Norge.

CHC wins Equinor extension for helicopter services in Norway
CHC Group has been awarded a contract extension by Equinor for both the Tampen/Oseberg and Heidrun contract in Norway by one year.

OPEC+ extends output cuts in push to tighten oil market
OPEC, Russia, and other oil producers agreed to extend their record oil production cuts of 9.7 million barrels per day by another month.

Equinor hands in plans for partial electrification of Sleipner field
Equinor and its partners have made an investment decision to partly electrify the Sleipner field located offshore Norway.