UK-based pipeline technology specialist STATS has booked EBITDA earnings of £5.6 million, according to its annual accounts as at 31 December 2019. The company generated revenues of £39.1 million, down from £43.4 million in the prior-year comparable period. However, STATS noted its 2018 result includ
The New Jersey Economic Development Authority (NJEDA) and the Board of Public Utilities (NJBPU) have approved two Memoranda of Understanding (MOUs) that will make nearly $6 million available to support offshore wind and other clean energy projects. Under the agreements, New Jersey’s Clean Energy Pro
Paul Singer’s investment management firm Elliott Management will push for Noble Energy to abandon its plans to sell itself to oil major Chevron, believing that the deal undervalues the oil and gas producer.
Saipem and Snam have signed a Memorandum of Understanding to work together on new energy transition technologies, green hydrogen development, and CO2 capture and reuse.
Vattenfall has appointed Anna Borg as its new CEO and President, succeeding Magnus Hall. Borg, who has been Vattenfall’s CFO since 2017, will take over her new role on 1 November. The appointment comes as Magnus Hall revealed in July that he had decided to leave the company after six years as CEO. T
Ørsted has appointed Mads Nipper as its next CEO and Group President, succeeding Henrik Poulsen. Nipper, who currently holds the position of CEO and Group President at Grundfos, will take over the role as of 1 January 2021. The appointment follows the decision by Henrik Poulsen, announced in June, t
U.S. offshore support vessel operator Tidewater has appointed Darron M. Anderson to its board of directors, effective immediately.
British multinational oil and gas company BP is moving into offshore wind for the first time with a new strategic partnership with Equinor. BP has entered into an agreement with Equinor to buy 50 per cent non-operated interests in the Empire Wind and Beacon Wind assets on the US east coast for a tot
Oslo-listed engineering and marine services player DOF Subsea has elected Marianne Møgster as its new director. Marianne Møgster, born in 1974, currently serves as senior vice president of Finance in DOF Subsea AS. She has experience from several other positions in DOF, StatoilHydro and Norsk Hydro.
Offshore drilling contractor Noble Corp. has won more work for some of its drilling rigs but has also seen its day rates slashed.
Oil and gas exploration company Tullow Oil has appointed a new independent non-executive director on the company’s board of directors.
Australian offshore regulator NOPSEMA has started an investigation into an incident involving a piece of equipment on Eni’s Woollybutt offshore field, which emerged from the depths of 50 meters subsea to the ocean surface.
U.S.-based energy corporation ConocoPhillips has named a new member of the company’s board of directors.
MHI Vestas has concluded a purchase agreement with the Fassmer Atech Composites Taiwan (FACT) joint venture for the local supply of spinner and nacelle covers for the upcoming offshore wind projects in Taiwan. These components will be used for the MHI Vestas turbines at the Changfang Phase 2 and Xid
