The subsea industry must act now to capitalize on the energy transition as the road to net zero is already underway and companies need to meet the change of pace required, according to Tom Heggarty, principal analyst in Wood Mackenzie’s Energy Transition Practice. Opportunities include facilitating
Equinor and its partners have selected a concept for developing six discoveries in a joint unitisation project on Haltenbanken.
Eni and BP have entered into a non-binding MoU to progress detailed discussions on combining their upstream portfolios in Angola.
NKT has reported a revenue of €296 million in the first quarter of 2021, a 21% organic growth from the €240 million in the same quarter of 2020, with positive growth from all of the company’s three business lines. Operational EBITDA increased for all the business lines and almost tripled from €10.2
Activist investor Crystal Amber, which holds more than 11 per cent of Hurricane Energy, has called for general meeting of shareholders to remove all non-executive directors of Hurricane.
Maersk Supply is making a move to enter Norway, targeting the towing and installation of units for offshore wind and the oil & gas industry.
A U.S. government safety investigative agency has issued a preliminary report following the incident with the Seacor Power liftboat.
ExxonMobil is working to resolve technical challenges and design issues on its Liza Destiny FPSO as it awaits the arrival of a key component.
Greek shipping company Diana Shipping has signed a sustainability-linked loan facility with Dutch ABN AMRO Bank through six wholly-owned subsidiaries in the amount of $91 million.
Italian offshore energy specialist Saipem has entered into exclusive negotiations with a European company to acquire its subsidiary specialising in floating wind technology. Saipem is in negotiations with France’s Naval Group to acquire its subsidiary – Naval Energies. The start of the exclusive neg
Partners Group has become a 100% shareholder in the Greenlink electricity interconnector between Ireland and Great Britain. Partners Group has acquired a 51% stake in Greenlink from Element Power, meaning that it now entirely owns the interconnector on behalf of its clients. Greenlink will use a sub
Almost 90 per cent of global electricity generation in 2050 could come from renewable energy sources, with solar PV and wind together accounting for nearly 70 per cent, according to International Energy Agency’s new Net Zero 2050 roadmap. The roadmap, published on 18 May, calls for scaling up solar
Three construction barges and one drillship working for ONGC on fields off Mumbai, India are adrift after a cyclone hit the Arabian Sea.
An investigation has been launched into a serious lifting incident with a personal injury on Equinor’s Johan Sverdrup project in Norway.
