BP and Aker said Wednesday there were exploring a potential block sale of some of the shares they hold in the Norwegian oil and gas producer Aker BP ASA, through a private placement.Aker and BP currently control approximately 40% and 30% of the shares outstanding in Aker BP…
Oil services firm Serba Dinamik Holdings said on Wednesday that it filed a lawsuit against EY Consulting, seeking to restrain the audit firm from releasing any findings or report on the group.In a stock exchange filing, Serba said it filed an…
Italian energy group Eni has hired JP Morgan to work on a possible listing of its Vår Energi joint venture which could value the Norwegian oil and gas operator at up to $15 billion, three sources familiar with the matter said.A final decision…
Danish offshore power cable supplier NKT is setting up a local presence in Poland, the next big thing in the European offshore wind sector, to prepare for the growing demand for both on- and offshore power cables. NKT will open its new center in Gdynia…
Offshore wind turbine installation firm Eneti plans to raise $200 million through a public offering of shares. It will use the funds raised to fund wind turbine installation vessel newbuilding program consisting of one contracted newbuilding vessel…
Following the announcement of a proposed merger between offshore drillers Maersk Drilling and Noble Corporation on Wednesday, a Noble shareholder said it would vote against the deal.The combination is a primarily all-stock transaction where…
Siemens Energy proposed on Wednesday to pay a dividend on the back of a strong jump in cash flow driven by stricter cost discipline, as it completed its first business year since it spun off from former parent Siemens.The supplier of turbines and services to the power industry…
Norwegian oil and gas firm Equinor has awarded Aker Solutions a front-end engineering and design (FEED) contract for an FPSO to be deployed at the Wisting oil field in the Barents Sea, offshore Norway.According to Equinor, valued at around NOK 350 million…
Japanese company Marubeni Corporation has signed a Memorandum of Understanding with Scottish Enterprise on collaboration for the decarbonization of Scotland including floating offshore wind and green hydrogen businesses.The Scottish Government…
Dutch marine contractor Boskalis will install inter-array cables at Ørsted's for the German Borkum Riffgrund 3 and Gode Wind 3 offshore wind farms. Boskalis said Wednesday that the contract would include the transport, installation, and burial of a combined total of 106 inter-array cables…
Shift Geothermal, a non-profit organization focused on geothermal energy, said Wednesday it was launching a bid to establish a new national center in the UK for geo-energy to realize the potential of a huge untapped UK energy source. This also…
Offshore energy industry engineering firm Aquaterra Energy has won a $4.4 million contract with BW Energy for delivery of multiple conductors tensioning units for the repurposing of the Hibiscus Alpha jack-up rig to an offshore installation (OI)…
The Biden administration on Tuesday said it was taking steps to designate a national marine sanctuary off the coast of central California. President Joe Biden has set a goal of safeguarding 30% of U.S. land and water over the next decade. The…
Seismic data company CGG has licensed its Northern Viking Graben multi-client seismic data set in the Northern North Sea to Northern Lights JV DA, for use in its ongoing and future CO2 storage developments. Northern Lights JV DA, owned equally by Equinor…
Oil and gas industry trade bodies OGUK, Norwegian Oil and Gas Association, BVEG, NOGEPA, and Oil Gas Denmark representing five countries across Europe 'pioneering lower-carbon oil and gas in the North Sea' have signed a formal agreement to…