Business & Finance
Rex’s top-priority: increasing hydrocarbon production and reserves
Rex described the previous year as transformational, revealing that its primary goal for the future is to increase production and reserves.
Teekay LNG rebrands into Seapeak, merges with Stonepeak
Bermuda-based shipping company Teekay LNG Partners has completed merging with NYC-based investment firm Stonepeak, thus rebranding as Seapeak.
TechnipFMC scores Asgard subsea iEPCI
TechnipFMC has secured an integrated engineering, procurement, construction and installation (iEPCI) contract to deliver subsea equipment for Equinor’s Smørbukk Nord development. The scope covers a high-pressure, high-temperature subsea production system and associated equipment for a brownfield tie
New Asia Pacific director to propel EnerMech’s diversification strategy and bolster growth
EnerMech has appointed a new director for the Asia Pacific region and created a new role within the company in the hopes of fostering growth.
Ex-Equinor exec joins Vår Energi
Vår Energi has appointed Equinor’s former VP of Project Management and Control to its executive management team to pursue growth plans.
Norwegian operator criticised over vaccine mandate plans for offshore workers
A Norwegian union representing offshore oil & gas workers has criticised the process to introduce a vaccine mandate.
Enauta shuts down Brazilian field to prepare for pipeline repair
Brazilian oil and gas company Enauta has stopped production from the Atlanta field, located offshore Brazil, due to a pipeline issue.
Eco Wave Power and OPT join hands to accelerate wave energy projects
Swedish-Israeli Eco Wave Power and the U.S.-based Ocean Power Technologies have set up a collaboration to use their complementary technologies and skills to accelerate wave energy projects, pursuant to a previously signed agreement. The parties will work together on several fronts, including knowled
Tidal Range Alliance appoints new chair
The Tidal Range Alliance (TRA) has appointed Prosperity Energy’s business growth director Ioan Jenkins as its chairman.
Norway nets record-breaking revenues from oil & gas
In Norway, the combination of high production of oil & gas, significant demand, and high prices led to a historically high level in revenues.
Mariner partners disagree with Equinor over reserves downgrade
Siccar Point Energy believes that Equinor, the operator of the Mariner field, has been premature in its reserves downgrade for the field.
North Star gets new owner
Private markets firm Partners Group has agreed, on behalf of its clients, to acquire North Star, an operator of specialized vessels that offers emergency response and rescue and essential offshore wind maintenance services, from Basalt Infrastructure Partners. Headquartered in Aberdeen, Scotland, No
SBM Offshore creates new executive role to play top-tier part in energy transition
SBM Offshore has created a new management role in a push to become one of the main players in the energy transition.
Aquaterra adds new manager to expand its Asia-Pacific footprint following regional revenue boost
Aquaterra Energy has added a new manager to its Asia-Pacific team to pursue further expansion and growth in the region.