Business & Finance
Chrysaor picks APT for Lomond, Armada analyses
North Sea oil and gas operator Chrysaor has contracted Applied Petroleum Technology (APT) to deliver geochemical and petroleum systems analyses on the Armada hub facility and around the Greater Lomond area on the UKCS.
Aker BP orders Hod platform from Kvaerner
Norwegian oil and gas company Aker BP has awarded Kvaerner the contract for delivering the topside and steel substructure for the unmanned wellhead platform at the Hod field.
AW-Energy seeks further growth capital
The Finnish company AW-Energy Oy (AWE) is raising funds to support its first commercial installations of WaveRoller technology in 2021. To that end, AWE has hired Fredericks Michael & Co. to help identify and approach strategic partners, and financial investors. With projects in US, Europe and Asia,
Shell returns platform supplier to Havila ahead of time
The UK entity of oil major Shell has returned a platform supply vessel to Norwegian shipping company Havila Shipping ahead of time.
Keppel rejects Awilco’s contract termination
Keppel has denied and rejected the termination of a rig construction contract by Awilco.
EIB enters French offshore wind market with €450 million loan
The European Investment Bank (EIB) has granted a €450 million credit line for co-financing the construction of the Fécamp offshore wind project in France. According to EIB, this is the first such operation it is financing in France, reinforcing the objectives set by its shareholders to make it the E
Poland’s PGNiG inks domestic LNG deal
Poland’s dominant gas firm and LNG importer PGNiG has signed a deal with South Korean company LG Chem to deliver chilled fuel and build a small regasification station. The fuel will supply LG Electronics production plant making electric car batteries near Wroclaw, Poland. LG Chem Wrocław Energy, a P
Awilco Drilling cancels rig order with Keppel
Awilco Drilling has decided to cancel a semi-submersible rig order with rig builder Keppel due to breaches under the construction contract.
BP to cut 10,000 jobs as Covid-19 spurs energy transition plans
BP will be reducing its global workforce by 10,000 this year as part of its plans to make the organization smaller and fit for the energy transition.
European offshore wind CAPEX to top upstream oil & gas in 2022 – Rystad Energy
Capital expenditure (CAPEX) on offshore wind is expected to surpass upstream oil & gas spending in Europe in 2022, according to Rystad Energy. The oil market collapse caused by the Covid-19 pandemic is set to delay several oil and gas developments in Western Europe, putting capital expenditure in th
CMA CGM remains optimistic despite coronavirus
Despite challenges caused by the coronavirus pandemic, French container shipping major CMA CGM closed the first quarter of this year with a positive net result.
Connector Subsea Solutions acquires Isotek Oil and Gas
Connector Subsea Solutions (CSS) has completed the acquisition of Isotek Oil and Gas. The acquisition adds Isotek’s remote welding technology to CSS’s existing range of subsea pipeline repair capabilities which are primarily focused on mechanical clamp and connector pipe joining solutions. The Isote
Hurricane Energy CEO resigns. Lancaster production increased
The chief executive officer (CEO) and director of London-listed oil explorer Hurricane Energy has decided to resign from the company.
OREAC: 1.4 TW of offshore wind by 2050 achievable
1,400 GW of offshore wind globally by 2050 is entirely achievable considering the resource potential, technology innovation, and government appetite to position offshore wind at the centre of the global energy transition, the Ocean Renewable Energy Action Coalition (OREAC) said. OREAC estimates that