Fossil Energy
FPSO operator BW Offshore to enter floating wind
Another company involved in the oil & gas sector has set its sights on offshore wind, as the industry increasingly moves towards renewable energy amid the global energy transition. The latest to announce its clean energy plans is BW Offshore, which is now in investment discussions with the floating
Shell maps out strategy to accelerate drive to net-zero
Oil major Shell on Thursday set out its strategy to accelerate its transformation into a provider of net-zero emissions energy products and services.
Maersk rig gets one more Martin Linge well
Equinor has exercised the option to add development drilling of one additional well at the Martin Linge field to the work scope of the Maersk Intrepid.
Wärtsilä to cut emissions, fuel consumption on two Siem vessels
The Finnish technology group Wärtsilä and vessel provider Siem Offshore have signed an optimised maintenance agreement to reduce the carbon footprint of two offshore well intervention vessels.
Ship repair and vessel services firm ROG becomes independent
Dutch ship repair and vessel services specialist ROG has decided to become independent after acquiring a controlling stake from shipbuilder Royal IHC.
BW Offshore braces for FPSO impairments
FPSO operator BW Offshore has decided to record an impairment to the book value of three FPSOs, amounting to $59.6 million, in the fourth quarter of 2020 amid continued uncertainty regarding redeployment. The three FPSOs are Berge Helene, BW Cidade de São Vicente, and Espoir Ivoirien, BW Offshore sa
Equinor sinks deeper into the red amid market turmoil
Norwegian oil and gas giant Equinor saw a massive increase in its quarterly net loss amid market turmoil caused by the coronavirus crisis.
MOL hits dust in North Sea well
Oil and gas company MOL Norge has drilled a dry well located at Mandal High in the southern North Sea offshore Norway.
NRGI: State oil firms could waste $400 billion as energy shift accelerates
State-owned oil companies could waste around $400 billion on investments in the next decade on new oil projects that will struggle to turn a profit as the world shifts away from fossil fuels, NRGI said in its latest research.
Aker BP man to join OKEA as new CEO
Norwegian oil and gas company OKEA has appointed Svein J. Liknes as its new CEO, starting from June 2021.
Total sees profit dive, plans to change name in energy transition push
Total decided to change its name as part of its efforts to anchor its transformation into a broad energy company in line with energy transition
Gazprom restarts Nord Stream 2 pipe laying in Danish waters
The consortium behind the Gazprom-led Nord Stream 2 natural gas pipeline has resumed pipe laying offshore Denmark despite mounting pressure on the project from Washington.
Polarcus calls in the liquidators
The Grand Court of the Cayman Islands has appointed FTI Consulting liquidators to financially troubled seismic contractor Polarcus. The company’s assets were taken over by its lenders following a loan default earlier this year. Last week, Polarcus received notification from the lenders that they no
Aker BP hires Møkster platform supplier
Norwegian offshore vessel owner Simon Møkster has been awarded a new vessel contract from compatriot oil company Aker BP for a drilling campaign in Norway.