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Albany County Executive Daniel P. McCoy
Business & Finance

New York’s Albany County eyes offshore wind opportunities

In a State of the County Address this month, Albany County Executive Daniel P. McCoy revealed the intentions for the county to become the manufacturing hub of Upstate New York for the state’s offshore wind programme. The plan for tapping into the offshore wind opportunities is part of the Albany Cou

about 5 years ago
Akademik Cherskiy vessel will work on the Nord Stream 2 project
Business & Finance

U.S. warns entities involved in Nord Stream 2 to abandon work

The U.S. State Department reiterated its warning that any entity involved in Russia’s Nord Stream 2 offshore pipeline project risks U.S. sanctions.

about 5 years ago
Santos operates the Van Gogh, Coniston, and Novara fields via Ningaloo Vision FPSO
Business & Finance

Regulator approves Santos plan for new Van Gogh wells

NOPSEMA has accepted an environment plan by Santos for the Van Gogh field infill development phase II (VGID2) installation off Australia.

about 5 years ago
Photo of Minesto's DG100 power plant in Faroe Islands (Courtesy of Minesto)
Business & Finance

Minesto reduces 2020 losses

Swedish marine energy developer Minesto has decreased its net loss for 2020 to SEK 17 million (€1.7 million) as opposed to the loss posted a year before.

about 5 years ago
Sendje Ceiba FPSO; Source: Tullow
Business & Finance

Tullow approves sale of Equatorial Guinea asset to Panoro

Oil and gas company Tullow Oil has voted on its general meeting to approve the disposal of all issued share capital in its subsidiary Tullow Equatorial Guinea Limited (TEGL) to Panoro Energy.

about 5 years ago
Vaalco Energy
Business & Finance

Vaalco Energy on the lookout for new CFO

Houston-based Vaalco Energy has informed that Elizabeth Prochnow, its chief financial officer (CFO), has elected to retire effective 31 March 2021.

about 5 years ago
Equinor
Business & Finance

Equinor picks FPSO concept for gas field offshore Brazil

Equinor has approved the development concept for BM-C-33, a gas/condensate field located in the Campos Basin pre-salt in Brazil.

about 5 years ago
Stena Spey rig
Business & Finance

Kinsale decommissioning preparations in full swing

PSE Kinsale Energy is preparing for the decommissioning campaign of its Kinsale area gas field located in the Celtic Sea off Ireland.

about 5 years ago
Image showing the Viking Link (Courtesy of Viking Link)
Business & Finance

NIB signs off €134 million loan for Viking Link interconnector

The Nordic Investment Bank (NIB) has signed a 10-year loan agreement with Danish national transmission system operator Energinet to co-finance the construction of the Viking Link interconnector between the UK and Denmark.

about 5 years ago
Wärtsilä Open Loop Scrubber System
Business & Finance

BIMCO: Scrubber-fitted ships nearly double in 15 months

Since January 1, 2020, the number of scrubber-fitted ships has nearly doubled from 2,011 ships to 3,935 by March 1, 2021, data from BIMCO shows. Scrubbers have been a very attractive solution for meeting the IMO 2020 regulation on cutting the sulphur content in marine fuel, especially for bigger ves

about 5 years ago
Skandi Saigon vessel - DDW Offshore - Akastor
Business & Finance

Two Akastor vessels to be sold after two-year job with Petrobras

Akastor’s subsidiary, DDW Offshore, has entered into bareboat charter agreements with OceanPact Servicos Maritimos for two AHTS vessels.

about 5 years ago
Photo of Kongsberg Maritime's Sounder USV (Courtesy of Kongsberg Maritime)
Business & Finance

Kongsberg to supply four autonomous vessels for marine ecosystem monitoring

Kongsberg Maritime has reached an agreement with Norway’s Institute of Marine Research (IMR) for the supply of four autonomous vessels that will be used for marine ecosystem monitoring.

about 5 years ago
BW Ideol's Floatgen floating wind turbine, aerial view
Business & Finance

BW Ideol starts trading on Euronext Growth Oslo

As announced recently, BW Ideol started trading on Euronext Growth Oslo today (18 March). Upon admission to trading on the stock market, BW Ideol has several shareholders, with BW Offshore controlling about 50 per cent of the shares and thus maintaining a significant influence over matters requiring

about 5 years ago
South Arne Platform - Hess
Business & Finance

Hess offloads Denmark assets to Ineos for $150 million

Hess Corporation has entered into an agreement to sell its subsidiary Hess Denmark to Ineos E&P for a total consideration of $150 million.

about 5 years ago
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