Business & Finance
Odfjell rig starts Equinor gig
An Odfjell Drilling-owned semi-submersible rig has started its contract with Equinor, making it the third Odfjell rig to work for Equinor.
ExxonMobil profit soars on the back of higher oil & gas prices
ExxonMobil booked a profit in the last quarter of 2021 amid a significant increase in revenues driven by a rebound in oil and gas prices.
EU: EuroAsia power link gets highest grant in €1B energy infrastructure investment
Under the Connecting Europe Facility (CEF) for trans-European energy networks, the EuroAsia Interconnector project will receive €657 million.
Hapag-Lloyd reports $12.8 billion operating profit amid strong demand
German container shipping company Hapag-Lloyd reported an “extraordinary” strong operating result in 2021, driven by high freight rates.
Exploration hotspot – Guyana well results reinforce belief in ‘transformational opportunity’
CGX Energy and Frontera Energy have made a discovery at the Kawa-1 well located in the Corentyne block offshore Guyana.
New boss joins McDermott to forge a new path
U.S. offshore engineering and constructions services player McDermott has named a new president and chief executive officer.
Equinor unveils key document for Barents Sea project with development plan due by year-end
Equinor has presented an impact assessment for the development and operation of Wisting development located in the Barents Sea off Norway.
Fresh well lined up for Stena rig in North Sea
Offshore drilling contractor Stena Drilling has secured a new contract with Petrofac for operations in the UK North Sea.
ExxonMobil reshuffling business lines and moving HQ to Houston
ExxonMobil is reorganising its business structure to improve effectiveness and reduce costs and moving its headquarters.
Maersk Drilling wins extra work for drillship in Malaysia
Danish offshore drilling contractor Maersk Drilling has secured a contract extension for a drillship operating offshore Malaysia.
UK: £5 bln grid investments proposed, including England-Scotland subsea links
National Grid Electricity System Operator, the UK’s electricity system operator, has published Networks Options Assessment (NOA) for 2022 recommending more than £5 billion (around $6.7 billion) worth of grid infrastructure investments in the North of Scotland.
Saipem in profit warning as margins deteriorate due to pandemic and rising costs
Following a revision of its backlog, Saipem has withdrawn its outlook from October 2021, citing significant deterioration of some projects’ margins.
Three oil & gas firms gearing up for Norwegian wells in February
Three oil & gas companies have been granted drilling permits by Norwegian authorities for wells in the Norwegian Sea and the North Sea.
CMA CGM takes majority stake in Colis Privé
French shipping and logistics major CMA CGM Group has entered into a preliminary agreement to acquire a 51% stake in the Colis Privé Group, a compatriot specialist in home and relay parcel delivery.