Fibre optic monitoring specialist Silixa has announced 2019 as a breakthrough year for the firm’s financial and strategic performance. Backed by Lime Rock Partners, Chevron Technology Ventures, and Equinor Ventures, the company’s global turnover grew by 96 per cent to £20.35 million. In the same per
In September, China’s President Xi Jinping pledged before the UN General Assembly to make China carbon neutral by 2060. This is a bold goal for the world’s largest polluter at a time when the nation is planning to develop nearly 150 gigawatts worth of coal power plants. The momentum is building for
The Papua New Guinea-focused oil and gas producer and PNG LNG stakeholder, Oil Search reported a drop in revenue in the third quarter of 2019.
Cadeler, formerly known as Swire Blue Ocean, is ready to send its Pacific Orca vessel in early 2021 to support foundation installation at the Hornsea Two offshore wind farm in the UK. The company has been subcontracted by DEME to deliver a vessel which will support the installation of the wind farm’
Oilfield services major Baker Hughes has booked $170 million loss in the third quarter of 2020, against $57 million profit same time last year. The bottom line took a hit due to revenue drop, asset impairments, restructuring and separation related charges. This was also the company’s third straight
Danish offshore wind developer Ørsted has signed a deal to sell gas to Polish oil and gas company PGNiG under a multi-year contract.
Spanish yard Navantia has completed and is ready to deliver a module built for the Equinor-operated Johan Sverdrup field located offshore Norway.
Ørsted and Eversource have placed a joint bid for a new offshore wind project in New York, named Sunrise Wind 2, in the state’s second offshore wind solicitation. The developers filed multiple proposals for the project with the New York State Energy Research and Development Authority (NYSERDA) on 20
Spanish LNG terminal operator Enagás reported a 4.7 per cent rise in its nine-month profit.
Global Wind Service (GWS) has established a branch in Taipei, Taiwan, to support the local offshore wind market. GWS said that having a separate branch in Taiwan is part of its growth strategy and an important step to support its partners in the growing Taiwanese offshore market. Represented by Regi
Peterson has agreed a project logistics services contract with OneSubsea to support its work on the BP-operated Matapal project in Trinidad and Tobago.
The UK-based High Speed Transfers (HST) has acquired two crew transfer vessels (CTVs) from Gardline Ltd. The CTVs Marian Array and Gardian 14 have been renamed to HST Thomas and HST Grace. According to HST, they will undergo an extensive refit and upgrade works package to ensure the HST Quality is r
U.S. engineering and construction services company McDermott International has appointed a new member of its board of directors.
Norwegian authorities have issued consent to Wintershall Dea for the start-up of the Dvalin field located in the Norwegian Sea.
