Håkan Agnevall will take over the position of CEO of the Finnish marine equipment maker Wärtsilä on February 1, 2021.Back in September 2020, Wärtsilä first announced that Agnevall, president of Volvo's bus division, would become its new CEO…
Norwegian renewable energy investment firm Aker Horizons has agreed to take a 75% stake in global wind and solar company Mainstream Renewable Power, in a deal valuing Mainstream at about 1 bln euros, Mainstream said on Tuesday.Mainstream said…
Energy services giant Wood has won a contract with oil firm Spirit Energy to provide late-life solutions for the Morecambe Bay gas fields, one of the UK’s largest gas accumulations.The five-year consolidated services contract is valued at $130 million…
Norway's energy ministry on Tuesday offered 61 production licenses on the Norwegian continental shelf in the Award in Pre-Defined Areas 2020 (APA 2020) round to 31 oil companies.Minister of Petroleum and Energy, Tina Bru said the companies have…
Norwegian oil company Vår Energi has said it has been awarded 10 new licenses (5 as operator) on the Norwegian Continental Shelf during the Awards in Predefined Areas for 2020. “We are pleased with the result. The new exploration licenses continue…
Norwegian energy giant Equinor has awarded Altus Intervention and Archer Integrated Services framework contracts for supplying integrated wireline services within well intervention to Equinor’s fixed platforms. Altus Intervention will provide services at the Gina Krog…
Two liquefied natural gas (LNG) tankers that had initially signaled they would load at Royal Dutch Shell's Prelude floating LNG facility in Australia have diverted elsewhere, ship-tracking data showed on Tuesday.This comes just a week after…
M.A.R.S. Europe said it has been awarded a contract by Teekay Petrojarl Floating Production UK Ltd. for dismantling and recycling of the Petrojarl Banff floating production, storage and offloading unit (FPSO). The deal includes engineering, preparation…
The United States has told European allies it plans to impose sanctions on a Russian pipe-laying ship, 'Fortuna', involved in construction of the Nord Stream 2 gas pipeline from Russia to Germany, German business daily Handelsblatt reported on Monday…
Just how bad was it?The year 2020 has to be one of the toughest and most challenging for the offshore rig market. After starting on a high with the knowledge that the previous oil price crash was now well and truly in the past, demand, dayrates…
Norwegian energy company Equinor has exercised an option to add one more well to the contract it has with Odfjell Drilling for the use of Deepsea Atlantic semi-submersible drilling rig.The news comes exactly a month after it was announced that Equinor had added two wells to the contract…
Malaysian oil and gas company Petronas has chartered Pacific Drilling's drillship Pacific Khamsin for an offshore drilling project in Mexico.Pacific Khamsin is currently located in the U.S. Gulf of Mexico region, where it in November completed a well for the French oil major Total…
German high-voltage grid operator Amprion is confident the country's planned switch to renewable energy can be mastered by its network, it said on Monday, rejecting claims that power supply could be at risk.Coal importers group VDKi last Friday…
The first offshore wind turbine was installed last Friday at the Moray East offshore wind farm in the Moray Firth, Scotland.The first turbine installation comes just a few weeks after the Moray East consortium announced the completion of jacket…
Romanian oil and gas firm OMV Petrom said Monday it had started drilling two new development wells in the shallow waters of the Istria block, in the Black Sea.The first drilling operations started at the end of December 2020 and the drilling…