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East Point Geo team mobilising for an offshore project
Business & Finance

AqualisBraemar LOC continues acquisition spree, buys East Point Geo

AqualisBraemar LOC Group is acquiring East Point Geo, a UK-based geoscience consultancy in the offshore and onshore renewable energy and oil and gas sectors. AqualisBraemar LOC, which has entered into a definitive agreement to obtain 100 per cent of the share capital of East Point Geo Limited, said

about 5 years ago
Woodside, RWE ink seven-year LNG supply deal
Business & Finance

Woodside, RWE ink seven-year LNG supply deal

Australian LNG major Woodside, through its unit Woodside Energy Trading Singapore, has signed a 7-year LNG supply deal with RWE Supply & Trading.

about 5 years ago
Petronas
Business & Finance

Petronas to offer 13 offshore exploration blocks in new bid round

Petronas will be offering 13 offshore exploration blocks in Malaysia at the upcoming Malaysia Bid Round (MBR) 2021 launch on 26 February 2021.

about 5 years ago
Petrofac
Business & Finance

Petrofac sells UK training business to 3t Energy

3t Energy Group has exchanged contracts with oilfield services provider Petrofac for the purchase of its UK training centres.

about 5 years ago
Atlantic Shores Offshore Wind inks MoU with New Jersey unions
Business & Finance

Atlantic Shores Offshore Wind inks MoU with New Jersey unions

Atlantic Shores Offshore Wind has signed a Memorandum of Understanding (MoU) with six unions operating in New Jersey to help develop and employ the local offshore wind workforce. The agreement outlines how the parties will work together to create training and apprenticeship programs for New Jersey w

about 5 years ago
COSLInnovator rig is drilling the well for Chrysaor
Business & Finance

Chrysaor spuds North Sea well with COSL rig

Drilling operations on the Chrysaor-operated Jerv exploration well, located offshore Norway, started on 18 February 2021, using the COSLInnovator rig.

about 5 years ago
UK Export Finance backs Greater Changhua 1 with £200 million
Business & Finance

UK Export Finance backs Greater Changhua 1 with £200 million

UK Export Finance (UKEF) is providing a £200 million buyer credit guarantee to help finance the Greater Changhua 1 offshore wind farm in Taiwan. UK companies Seajacks and Trelleborg have already capitalized on UKEF’s support by winning export contracts with project developer Ørsted. Seajacks will sh

about 5 years ago
London Array offshore wind farm
Business & Finance

Offshore wind to bring additional income to US mariners

As the offshore wind industry in the U.S. grows, fishermen and other mariners will have a substantial number of opportunities to supplement their income during all phases of an offshore wind project’s lifecycle, according to a new study commissioned by the New York State Energy Research and Developm

about 5 years ago
Woodside posts $4 billion loss
Business & Finance

Woodside posts $4 billion loss

Australian LNG major Woodside posted a $4 million loss for the year 2020 impacted by impairments.

about 5 years ago
Joe Biden
Business & Finance

Rystad: Most of Alaska’s remaining oil at risk due to Biden policies

There has been much discussion over the possible outcome for the Gulf of Mexico, but one of the areas that will be affected the most is Alaska, Rystad said.

about 5 years ago
Steel components for Saint-Brieuc jackets at a Navatia-Windar site
Business & Finance

Navantia-Windar JV receives first ‘Made in France’ jacket components for Saint-Brieuc OWF

The Navantia-Windar joint venture has received its first jacket foundation components for the Saint-Brieuc offshore wind farm manufactured in the Brest polder, France. Navantia-Windar established the manufacturing hub in the Brest polder in 2019, subcontracting multiple local companies for its first

about 5 years ago
Illustration/Simec Atlantis' AR1500 tidal turbine (Courtesy of Simec Atlantis Energy)
Business & Finance

New insurance fund to act as ‘golden ticket’ for ocean energy scale-up

Ocean Energy Europe (OEE) has appointed risk and insurance consultancy Renewable Risk Advisers to design a brand-new European insurance fund for the ocean energy sector as part of the EU-funded OceanSET project.

about 5 years ago
Maersk containers
Business & Finance

Maersk boxship loses hundreds of containers after suffering engine failure

Maersk Eindhoven, a 2010-built Newpanamax containership operated by Maersk, lost several hundreds of containers following an engine stop in harsh weather. The incident took place near Japan on February 17th, 2021, while the boxship was en route from Xiamen, China, to Los Angeles, California. “The pr

about 5 years ago
Impairments push Santos into red
Business & Finance

Impairments push Santos into red

Low oil and LNG prices affected by the COVID-19 pandemic hampered the Australian energy major Santos’ finances for the year.

about 5 years ago
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