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Platinum Explorer drillship - Vantage Drilling
Business & Finance

Vantage Drilling cuts quarterly loss but sees red ink in 2020

Vantage Drilling managed to cut its losses in the last quarter of 2020 when compared to the same period in 2019 despite lower revenues.

about 5 years ago
Amprion-Cleared-to-Start-DolWin4-and-BorWin4-Public-Planning
Business & Finance

Amprion hands in papers for German offshore grid links

Amprion Offshore has submitted the documents for the public planning procedure for the Exclusive Economic Zone section of the DolWin4 and BorWin4 offshore grid connection systems in Germany. The application documents contain a pre-design of the planned platforms and take into account the installatio

about 5 years ago
An offshore wind turbine
Business & Finance

Vattenfall inks first power sale deal for Hollandse Kust Zuid OWF

Air Liquide has signed a long-term Power Purchase Agreement (PPA) with Vattenfall for the Hollandse Kust Zuid offshore wind farm, the first such contract for the 1.5 GW project and also the first PPA Air Liquide signed in the Netherlands. Under a 15-year agreement, Air Liquide will purchase 100 GWh

about 5 years ago
Hapag-Lloyd
Business & Finance

Hapag-Lloyd continues momentum after strong 2020

German container shipping giant Hapag-Lloyd saw a significant earnings surge in 2020 despite negative effects of the coronavirus pandemic.

about 5 years ago
Shell and Eni acquitted in Nigeria corruption case
Business & Finance

Shell and Eni acquitted in Nigeria corruption case

A Milan court has acquitted Shell and Eni in a corruption case related to a $1.3 billion worth acquisition of an oilfield off Nigeria about a decade ago.

about 5 years ago
Christophe Salmon, Group Chief Financial Officer for Trafigura
Business & Finance

Trafigura inks its 1st sustainability-linked loan

Commodity trading company Trafigura has closed its first sustainability-linked loan structure worth over $5 billion. The loan structure is comprised of a new 365-day European multi-currency syndicated revolving credit facility totaling $ 1.85 billion, as well as the extension and increase of its $3.

about 5 years ago
Skandi Gamma PSV - DOF Group
Business & Finance

DOF finds long-term jobs for platform supply trio

Norwegian offshore vessel owner DOF Group has been awarded new contracts for three of its vessels in support of operations in the UK and Guyana.

about 5 years ago
An artist impression of Integrated Wind Solutions' CSOV vessels at sea
Business & Finance

Another Norwegian company sets lofty offshore wind goals, prepares for Oslo Stock Exchange

Integrated Wind Solutions (IWS), a newly established offshore wind service company currently wholly owned by the Awilhelmsen Group, opened a bookbuilding period in relation to private placement of shares on 18 March, ahead of listing on Oslo Stock Exchange, expected to take place around 25 March. Th

about 5 years ago
BW Energy awards contract to Zentech
Business & Finance

Zentech gets new job linked to jack-up rig conversion for BW Energy

Houston-based Zentech has been awarded a contract by BW Energy related to a conversion of a jack-up rig to an offshore installation.

about 5 years ago
TechnipFMC-Targets-Floating-Wind-with-New-Joint-Venture
Business & Finance

TechnipFMC targets floating wind with Magnora tie-up

TechnipFMC has entered into an agreement with Magnora ASA to jointly pursue floating offshore wind project development opportunities under the name Magnora Offshore Wind. In Januray, Magnora revealed it had entered into a partnership to establish the joint venture, but at the time did not disclose t

about 5 years ago
Source: Murphy Oil
Business & Finance

Murphy Oil completes sale of King’s Quay FPS

U.S. oil and gas company Murphy Oil has closed the sale of its entire 50 per cent interest in the King’s Quay floating production system (FPS) and associated export lateral pipelines to be located in the Gulf of Mexico.

about 5 years ago
The Stena Forth drillship drill the Suriname well for Tullow
Business & Finance

Only minor oil shows for Tullow in Suriname well

Oil and gas company Tullow Oil has encountered good quality reservoir but only minor oil shows at its exploration well located offshore Suriname.

about 5 years ago
Chris Durling; Source: 3t Energy
Business & Finance

Former EY man becomes finance director at 3t Energy

Training firm 3t Energy Group has appointed a new finance director for its training division to drive global growth plans.

about 5 years ago
Illustration; Source: TMC Compressors
Business & Finance

TMC to deliver compressor system to FPSO Anita Garibaldi

Norway-based compressor supplier TMC Compressors has been contracted to supply a marine compressed air system for the Brazil-bound floating, production, storage, and offloading vessel (FPSO) Anita Garibaldi.

about 5 years ago
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