Sapura Energy has clarified that its joint venture with Seadrill is not impacted by the recent Chapter 11 cases filed by several Seadrill subsidiaries.
Danish logistics giant Maersk has filed a lawsuit against commodity trader Glencore Ltd over contaminated bunker fuel supplied to two of its containerships. Based on the court documents filed on Friday, February 5, with the New York District Court, Maersk is seeking compensation worth $6 million for
Kentech has made a move to buy SNC-Lavalin’s oil and gas business in an effort to accelerate its growth strategy and address the energy transition.
Norwegian oil and gas company OKEA has appointed Svein J. Liknes as its new CEO, starting from June 2021.
Total decided to change its name as part of its efforts to anchor its transformation into a broad energy company in line with energy transition
The UK’s recent Offshore Wind Round 4 seabed leasing represents a risk for raising costs of offshore wind due to the option fee that investors need to pay upfront for the right to develop projects, WindEurope said. In its latest leasing round, the UK introduced a new bidding system that makes invest
The Grand Court of the Cayman Islands has appointed FTI Consulting liquidators to financially troubled seismic contractor Polarcus. The company’s assets were taken over by its lenders following a loan default earlier this year. Last week, Polarcus received notification from the lenders that they no
Petrofac’s Engineering and Production Services (EPS) business has secured a well project management contract in Australia with PTTEP.
Europe confirmed a record amount of €26.3 billion of investments in 2020 that will finance 7.1 GW of new offshore wind farms to be built in the coming years, WindEurope said. For comparison, €6.1 billion was invested in four offshore wind projects in 2019. This represents an increase of over 330 per
Norwegian offshore vessel owner Simon Møkster has been awarded a new vessel contract from compatriot oil company Aker BP for a drilling campaign in Norway.
BlueInvest and Dutch Marine Energy Centre (DMEC) have joined forces to mobilise private investment in the marine energy sector.
Oil and gas company focused on the UK North Sea Independent Oil and Gas (IOG) has appointed a new chief operating officer (COO).
Noble Holding Corporation has completed its financial restructuring and its debtor-affiliates have emerged from Chapter 11 with a new parent company.
Iberdrola has launched a green hybrid bond amounting to EUR 2 billion and will use the raised funds to finance and refinance the Saint-Brieuc and Baltic Eagle offshore wind farms in France and Germany, respectively. The company said that this was the largest green hybrid bond issue in its history an
