Norwegian-based global shipping company Wallenius Wilhelmsen Ocean AS has been fined A$24 million ( $18.2 million) for cartel conduct regarding the transportation of vehicles, including cars, trucks and buses, to Australia between June 2011 and July 2012. The company was charged with cartel conduct
PGS remains carefully positive even with red numbers in the fourth quarter of 2020 as revenues fell some 37 per cent. The Oslo-listed seismic player reported quarterly loss of $60 million, or 16 cents per share on revenues of $208 million. This result compares against profit of $10 million on around
The Norwegian Petroleum Directorate (NPD) has granted Neptune Energy a drilling permit for an appraisal well offshore Norway.
Denmark has reached a landmark agreement on the construction of an energy hub in the North Sea. The energy hub will be an artificially constructed island 80 kilometers from the shore of the peninsula Jutland. Around 200 wind turbines with a combined capacity of 3 GW are expected to be installed in t
Norwegian offshore vessel owner Solstad Offshore has decided to sell three of its platform supply vessels (PSVs).
TEPCO Renewable Power (TEPCO RP) has joined the TetraSpar floating foundation demonstration project by buying a 30% stake. In addition to TEPCO RP, the share structure in the project includes Shell holding a 46.2% share, RWE 23.1% and Stiesdal Offshore Technologies 0.7%. Through their collaboration
The world’s installed offshore wind capacity rose by 15 per cent in 2020, despite the COVID-19 pandemic, and this year will see a 37 per cent growth in global installed offshore wind capacity, according to Rystad Energy. Major contributor to both last year’s and this year’s growth is China. The coun
Shell recorded an 87 per cent decrease in its 4Q 2020 adjusted earnings due to lower oil and gas prices and production volumes.
EnQuest has signed an agreement with Suncor Energy to buy its entire non-operated equity interest in the Golden Eagle area.
Maersk Drilling has received a conditional letter of award from Tullow for the provision of the Maersk Venturer for drilling offshore Ghana.
Vantage Drilling has informed that its drillship Platinum Explorer has received a letter of award for a two-year contract from ONGC.
Outlook for the offshore engineering, procurement and construction (EPC) market in 2021 looks promising, boosted by projects deferred from 2020, according to market research provider Westwood. With a forecast of $29 billion firm or already awarded contracts and a further $16 billion of probable and
A collaborative, green solution developed by COSL Drilling Europe, Kongsberg, and NOV is poised to generate savings in offshore drilling operations.
Norwegian floating solar specialist Ocean Sun has appointed Nenad Keseric as the new Chief Operating Officer (COO), while the former COO takes up a different role within the company.
