Rystad Energy expects public E&P companies to break prior records as profits are set to reach a 70 per cent increase in 2022.
A lot of companies involved in the offshore energy sector have already introduced their plans on how to reach the net-zero emissions status by a certain point in the future. In this week’s In Focus, we are spotlighting the most recent projects aiming to achieve these goals.
Norwegian chemical company Yara International is evaluating a potential initial public offering (IPO) of its Yara Clean Ammonia business (YCA) on the Oslo Stock Exchange.
S.D. Standard has acquired an interest in the Norway-based offshore drilling contractor, Dolphin Drilling, through an equity issue.
The Arrol Gibb Innovation Campus (AGIC) has been launched in Scotland with the aim to transform large-scale manufacturing for energy transition-related sectors.
Enbridge and Humble Midstream will jointly develop a low-carbon hydrogen and ammonia production and export facility near Corpus Christi.
Prysmian Group has launched an innovative share-based variable remuneration and profit-sharing plan in company shares, aimed potentially at more than 25,000 employees between blue and white-collar workers in over 35 countries. Approved by a majority at the Shareholders’ Meeting, the plan will run ov
The UK’s insurance company Navium Marine and its US-based counterpart AXA XL have joined the Poseidon Principles for Marine Insurance as the eighth and ninth signatories, allowing the principles to enter into force.
Repsol has experienced production interruption at its operated Yme field located offshore Norway but the field has now been restarted.
Saipem has revealed a new, sustainable subsea pipelaying method which allows forming vertical cold bends in the pipeline in a strictly controlled way and directly underwater by means of a specially designed remotely operated underwater bending machine. The Underwater Cold Bending technology is said
Swedish company Ocean Harvesting Technologies is developing a novel concrete hull for the InfinityWEC wave energy converter, using high-strength concrete with low environmental footprint.
French ship-owning company France LNG Shipping has signed another long-term charter contract for a new LNG carrier with EDF LNG Shipping, a subsidiary of Electricité de France.
Swedish energy company Vattenfall has issued a tender looking for a contractor or contractors to deliver bathymetric survey services at offshore wind sites. Vattenfall plans to sign a framework agreement with the selected company/companies for scheduled and ad-hoc seabed surveys at offshore wind pro
Texas-based petroleum firm Buckeye Partners will buy Bear Head Energy, which owns an LNG and clean energy development project in Nova Scotia, Canada.
