South Africa’s Renergen signed a deal with a unit of French energy giant Total to market and distribute LNG in the southernmost country on the African continent. The natural gas and helium producer is building the country’s first LNG plant as part of its Victoria gas project. The project will develo
ROVQUIP has signed a partnership deal with Norway-based rental specialist RTS. ROVQUIP, based just outside Aberdeen, in Scotland, will provide tooling packages, configurable skids and manipulators to support RTS in the Norwegian market. In addition, training and test procedures will be provided to m
Danish shipping major A.P. Møller – Mærsk A/S revealed that it expects an EBITDA before restructuring and integration costs for Q2 2020 slightly above the level for Q1 2020 (USD 1.5bn). The forecast is being upgraded based as demand starts to pick up better than expected, combined with cost measures
Markus Tacke is stepping down as CEO of Siemens Gamesa, effective immediately. According to the company, the Board of Directors and Tacke mutually agreed to terminate the CEO contract. Andreas Nauen, who was head the company’s offshore activities, has been appointed the new chief with immediate effe
Neptune Energy will start drilling the Dugong well, located in the North Sea offshore Norway, by 19 June 2020.
Norwegian-based global shipping company Wallenius Wilhelmsen Ocean AS (WWO) has today entered a guilty plea in the Federal Court to criminal cartel conduct, Australian Competition & Consumer Commission (ACCC) said. The company was charged with cartel conduct in August 2019 regarding the transportati
Williams has reached a tie-back agreement with LLOG Exploration Offshore (LLOG) to provide offshore natural gas and oil gathering and production handling services for the Taggart development at Williams’ Devils Tower spar in the U.S. Gulf of Mexico.
The massive consolidation drive in the container shipping market that dominated the narrative over the past four years seems to have brought about unexpected benefits during the coronavirus crisis. The driving force behind the phenomenon has been primarily achieving economies of scale, especially co
The Norwegian Petroleum Directorate has granted Equinor a drilling permit for two wells located in the North Sea off Norway.
Copenhagen Infrastructure Partners (CIP) has reached a first close on Copenhagen Infrastructure IV (CI IV) investment fund with EUR 1.5 billion. The fund, planned to be worth EUR 5.5. billion, will become the largest one within renewable energy infrastructure investments, according to the investment
SSE plc is planning to invest more than £7 billion over the next five years in major low-carbon construction projects to support the net-zero target and spur a green economic recovery. The plan will see SSE invest almost GBP 4 million every day for the next five years on projects, including the GBP
Norwegian oil and gas company Aker BP has awarded PG Flow Solutions a contract to supply several pump systems for the normally unmanned wellhead platform to be used at the planned Hod field development in the North Sea.
Maersk Supply Service has sold two of its older AHTS vessels due to the current market situation and the global over-supply of offshore supply vessels.
Danish offshore drilling contractor Maersk Drilling is joining a new CO2 storage consortium formed by INEOS Oil & Gas Denmark and Wintershall Dea.
