Business & Finance
Welsh renewables review puts spotlight on marine energy
The outcome of the Welsh government’s Deep Dive into Renewable Energy review into scaling up renewable energy deployment has been released, with a large number of recommendations particularly relevant to the marine energy sector.
TechnipFMC scores flexible pipe trifecta with Petrobras
TechnipFMC has signed three frame agreements with Petrobras for the manufacture of more than 500 kilometers of flexible pipe over the next four years in Brazil, as well as other services.
Lundin gets green light for exploration drilling off Norway
Lundin has received consent from the offshore regulator to use the Deepsea Stavanger rig for exploration drilling in the Norwegian Sea.
Lamprell adds ex-Vestas COO to its board
Lamprell has appointed a former COO of Vestas as an independent non-executive director after its current one tendered his resignation.
Danish govt bankrolls two projects for CO2 storage in North Sea
Denmark’s government has approved funding for two CCS projects, which will use the existing oil and gas infrastructure in the North Sea.
Shell keen to unlock full potential of Gulf of Mexico discoveries
Shell has made a discovery at a prospect in the Gulf of Mexico, providing an opportunity to increase the output in the Perdido Corridor.
Afreximbank to support Nigeria’s first FLNG with $5bn
The African Export-Import Bank (Afreximbank) has signed a $5 billion memorandum of understanding (MoU) with UTM Offshore for the support the development of Nigeria’s first floating LNG (FLNG) plant.
$1.3M available for surveys of New York Bight offshore wind areas
The New York State Energy Research and Development Authority (NYSERDA) has made available nearly $1.3 million to support redevelopment data collection in the New York Bight Wind Energy Areas (WEAs) to facilitate responsible offshore wind development.
Sapura Energy facing cash flow and liquidity issues
Malaysian oilfield services provider Sapura Energy is facing cash flow and liquidity issues exacerbated by the Covid-19 pandemic.
Seaway 7 adds Zhong Neng contract to firm orders
Seaway 7 has confirmed the award of a contract by China Steel Power Corporation for the transport and installation of the submarine cable system for the Zhong Neng offshore wind project in Taiwan.
NEO Energy gains access to key North Sea hubs after closing ExxonMobil deal
HitecVision-backed NEO Energy has finally completed the acquisition of ExxonMobil’s non-operated oil and gas assets in the North Sea.
Malaysia: Aker Solutions manager acquitted of charges over misleading Petronas
The Sessions Court of Malaysia has discharged Aker Solutions’ manager of charges that he submitted false documents in dealings with state-owned energy giant Petronas.
CMA CGM to boost logistics footprint with latest $3 billion deal
French shipping major CMA CGM Group has signed a purchase agreement to acquire most of Ingram Micro’s Commerce & Lifecycle Services activities (CLS), including the company’s technology logistics businesses in North America, Europe, Latin America and Asia-Pacific.
New charter extension for Prosafe unit
Offshore accommodation rig provider Prosafe has secured a contract extension for one of its units for operations in Trinidad and Tobago.