Canadian oil and gas player Cenovus Energy has decided to cut between 20 and 25 per cent of its workforce after the acquisition of Husky Energy.
Marine seismic player Polarcus has slipped into the red in Q3 2020 as revenue fell some 76 per cent compared to prior year due to the global slow-down on the back of the COVID-19 pandemic. The Oslo-listed company reported third quarter 2020 loss of $13.5 million, versus profit of $13.7 million in Q3
Norwegian oil and gas company Equinor saw its quarterly loss increase after being hit by impairments due to reduced future price assumptions.
Danish wave energy technology developer Resen Waves has appointed Roland Boysen as its new chief commercial officer. Boysen will be responsible for developing global sales of the Smart Power Buoy for a wide variety of applications. Per Resen Steenstrup, CEO of Resen Waves, stated: “Resen Waves is gr
Spain’s Naturgy and the Puerto Rico Electric Power Authority (PREPA) agreed to extend the long-term LNG supply deal.
TGS has seen red numbers in the third-quarter 2020 with revenues down some 64 per cent amid challenging seismic market conditions. Norwegian seismic player reported net loss for the third quarter 2020 of $71 million, against $40 million profit same time last year. This corresponds to EPS of negative
Shell saw its third quarter 2020 earnings decrease when compared to the last year’s third quarter but the oil major decided to increase its dividend.
The Danish Energy Agency (DEA) and Energinet will in November host a virtual market dialogue related to the upcoming tender for the Hesselø offshore wind project. The market dialogue, to be held between 25 and 30 November, will see the main elements of the tender discussed with the industry which wi
France’s Ideol has signed a formal collaboration agreement with the Swedish Bygging Uddemann (BYUM) for the delivery of its concrete floaters for offshore wind. Under the deal, BYUM will provide its know-how in serial production of concrete structures to fabricate the floating offshore wind platform
The Offshore Wind Growth Partnership (OWGP) has launched a £1.5 million funding call for UK companies aimed at boosting the local offshore wind supply chain. Development grants of between £75,000 and £500,000 are available for capital and operational expenditure on projects that aim to unlock signif
Mitsubishi Heavy Industries (MHI) and Vestas Wind Systems have appointed Johnny Thomsen as the new CEO of MHI Vestas Offshore Wind. Thomsen is taking over from Philippe Kavafyan who has left the company after holding the CEO position for two and a half years. As of Thursday, 29 October, the executiv
Vestas Wind Systems and Mitsubishi Heavy Industries have signed an agreement through which Vestas will acquire MHI’s shares in the MHI Vestas Offshore Wind joint venture. Vestas is to acquire MHI’s 50 per cent share of the MHI Vestas joint venture against 5,049,337 shares in Vestas that will be issu
Oil major Chevron has decided to reduce Noble Energy’s workforce by 25 per cent following the recent merger between the two companies.
Eni booked a loss in the third quarter of 2020 while its hydrocarbons production declined due to impacts of the economic downturn.
