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West Hercules rig will drill the wells for Equinor
Business & Finance

Equinor gets go-ahead to drill North Sea well duo

Norwegian offshore safety agency, the Petroleum Safety Authority Norway (PSA), has given Equinor consent to drill two exploration wells offshore Norway, using the West Hercules rig. The wells named 30/11-U-1 and 30/11-U-2 are located in Production licence 035 and 272 in the North Sea. The licences a

about 5 years ago
Adam Mason - Bilfinger Salamis
Business & Finance

Bilfinger Salamis names new general manager for Southern North Sea

Oilfield services provider Bilfinger Salamis UK has appointed Adam Mason as General Manager for its Southern North Sea business.

about 5 years ago
An artist impression of floating wind turbines at sea
Business & Finance

BW Ideol entering Oslo stock exchange, sets 10 GW target for 2030

BW Ideol, a company established after oil & gas services provider BW Offshore bought into the floating wind technology developer Ideol, has applied for admission to the Oslo Stock Exchange and is expected to start trading there around 18 March. Through a private placement of shares, for which a day-

about 5 years ago
OMV Petrom headquarters; Source: OMV Petrom
Business & Finance

OMV Petrom signs contract for block offshore Georgia

Romanian oil and gas company OMV Petrom has signed the production sharing contract (PSC) for the offshore Block II in the exclusive economic zone of the Georgian Black Sea.

about 5 years ago
Damen
Business & Finance

Damen gets funding to lease mobile BWTS in emerging markets

Climate Investor Two (CI2) has approved an investment that could amount to €24.5 million (about $29.3 million) to support the lease of Damen’s portable ballast water treatment (BWT) solution InvaSave to clients in Africa, Asia, and Latin America.

about 5 years ago
Babcock - CHC
Business & Finance

CHC to take over Babcock’s oil and gas business

CHC Group has entered into a conditional agreement for the acquisition of the Oil and Gas aviation business of Babcock International Group.

about 5 years ago
Concept for Carnegie’s CETO 6 wave energy technology (Courtesy of Carnegie Clean Energy)
Business & Finance

Carnegie cuts debt and directs funding to progress CETO wave technology

Carnegie Clean Energy has substantially reduced its debt following the conversion of Au$1.75 million (€1.1 million) of convertible notes into shares and unlisted options, making the existing company’s funds sufficient to complete the CETO technology pathway.

about 5 years ago
Credit Bernd Hartung /Greenpeace
Business & Finance

Greenpeace activists land on bank HQ in fossil fuels protest

Greenpeace activists have staged a protest at the headquarters of the European Central Bank (ECB) in Frankfurt due to its support of fossil fuels companies.

about 5 years ago
Marianne Hagen as executive vice president for sustainability and communications
Business & Finance

Hagen joins Aker Solutions to drive sustainability

Norwegian engineering firm Aker Solutions has appointed Marianne Hagen as executive vice president for sustainability and communications. Hagen succeeds Tove Røskaft, who takes up new role as chief of staff and business excellence at Aker Offshore Wind. She will be part of the executive management t

about 5 years ago
Illustration; Source: NERA
Business & Finance

NERA launches decom centre to assist $40.5 billion market

National Energy Resources Australia (NERA) has launched the Centre of Decommissioning Australia (CODA) to address the challenges and maximise opportunities of decommissioning Australia’s ageing oil and gas infrastructure.

about 5 years ago
Blade manufacturing works underway at LM Wind Power factory in Cherbourg, France
Business & Finance

GE to build new factory for 107-metre offshore wind turbine blades

GE Renewable Energy plans to open a new factory in Teesside in the North East of England, where it will manufacture 107-metre-long blades for the Haliade-X offshore wind turbine. The new manufacturing plant, which will be set up and operated by GE-owned LM Wind Power, is planned to be opened in 2023

about 5 years ago
Maersk tangier tanker
Business & Finance

Maersk Product Tankers on track to cut CO2 emissions by 30% by 2021

Danish tanker owner Maersk Product Tankers has cut its CO2 emissions by 3.3 percent in 2020 with the help of its proprietary digital and technical solutions. The latest decrease gives a total reduction of 28.7 per cent between 2008 and 2020 as measured on the Energy Efficiency Operational Indicator,

about 5 years ago
Shell - Perdido deepwater platform
Business & Finance

Former BHP CEO named new chair at Shell

Shell is making several board changes with the appointment of a former BHP CEO as its new chair as well as the addition of a new non-executive director.

about 5 years ago
Illustration; Source: Xodus
Business & Finance

Xodus adds to Asia-Pacific team as decommissioning activity increases

Engineering consultancy Xodus has appointed a new late-life and decommissioning lead in Asia-Pacific following a significant increase in activity in the region.

about 5 years ago
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