Premier Oil’s decommissioning plans for the Balmoral field, located in the UK North Sea, have been approved by UK authorities.
Norway’s energy giant Equinor and French utility company Engie have entered into a partnership to develop joint low-carbon hydrogen activities.
Oil major BP is launching a first-ever share award scheme to more than 60,000 employees as the company continues transitioning towards a greener future.
Golden Ocean Group Limited has acquired 18 scrubber-fitted dry bulk vessels for a total of $752 million from affiliates of Hemen Holding Limited, a company indirectly controlled by John Fredriksen, the company’s largest shareholder. The batch consists of 10 Newcastlemaxes built in 2019-21 and 8 Kams
Oilfield services giant Halliburton has announced that Bhavesh V. (Bob) Patel has been named to the company’s board of directors.
ExxonMobil has experienced technical issues with a gas compressor on SBM Offshore’s FPSO Liza Destiny, working for ExxonMobil offshore Guyana.
FSL Trust Management, as trustee-manager of First Ship Lease Trust, has executed memoranda of agreement to sell two LR2 product tanker newbuildings. The vessels FSL Suez and FSL Fos will be sold to an unnamed third party following their deliveries from COSCO Shipping Heavy Industry (Yangzhou). Based
Cabling specialist Nexans has finished the year 2020 in black despite revenue drop of close to 9 per cent. The company booked net income of 80 million euros in 2020, compared to a net loss of 118 million euros in 2019. This included negative 102 million euros of estimated Covid-19 impact and the pos
Flex LNG, a pure-play LNG carrier company, reported a significant jump in its quarterly profit on Wednesday.
OceanBased Perpetual Energy has entered into partnership with advisory and investment firm GAK Capital to support the development of the project looking to capture the power of Florida’s Gulf Stream and convert it to clean electricity.
Blue Gem Wind has received planning consent from the Pembrokeshire Coast National Park Authority to install a temporary met mast to study the floating offshore wind potential in the Celtic Sea. The 120-meter met mast and onshore monitoring equipment is provided by local supplier Solar Wheel. Due to
Aibel and Hitachi ABB Power Grids have been awarded contracts for the third phase of the 3.6 GW Dogger Bank Wind Farm development, Dogger Bank C. Under an EPC contract, Aibel will deliver a third converter platform for the world’s largest offshore wind farm. In October 2019, the company was selected
The oil & gas services provider BW Offshore has signed a share purchase agreement to become a strategic owner of the floating wind technology developer Ideol. The deal will see BW Offshore obtaining a 50 per cent stake by investing EUR 60 million and the establishment of BW Ideol, a global integrate
Oil and gas company Mubadala Petroleum, a subsidiary of Mubadala Investment Company, has appointed Mansoor Mohamed Al Hamed as its CEO.
