Alphabet, Google's parent company, announced that it is calling it quits on its efforts to build and monetize its Makani wind energy kites.Google acquired Makani, which developed airborne wind turbines and aimed to make wind energy more accessible and affordable, in 2013. Last year, the company spun it out of X and made it a standalone Alphabet unit.Alphabet CEO Sundar Pichai has reportedly been under pressure to cut losses from the company's 'Other Bets' category…
European developer and operator of renewable energy SSE Renewables and Equinor have renamed their trio of projects in the Dogger Bank totalling 3.6GW.The three offshore wind sites are renamed to recognise their link to the historic area in which they are situated…
Katarina Lindström will join Hempel as Executive Vice President & Chief Operating Officer from August 1, 2020 as the coatings manufacturer aims to double in size.As Executive Vice President & Chief Operating Officer (COO), Katarina Lindström will be a member of Hempel’s Executive Management Board…
Oilfield services giant TechnipFMC reported a net loss of $2,4 billion in the third quarter on after tax-charges. TechnipFMC said Thursday that result included impairment and other charges and provisions for goodwill and fixed assets totaling $2…
UK based oil and gas company Hurricane Energy has said its CFO Alistair Stobie has resigned as Chief Financial Officer and a Director of the Company by mutual agreement with the Board.Although not carrying out his day-to-day responsibilities after today…
UK-based Galloper Wind Farm Ltd has agreed the sale of its transmission assets to Diamond Transmission Partners, which invests in offshore transmission systems as an Offshore Transmission Owner (OFTO).The 353MW Galloper Wind Farm is owned by innogy SE…
Tendeka has appointed a new business development manager for South America as the company increases its support for oil and gas operators in the region.Renato Barbedo will work with operators across the continent to deploy Tendeka’s broad range of products and technologies…
The offshore oil and gas market continues to grow despite geopolitical developments and concerns over reduced global economic growth, said the Dutch multinational Fugro.'The outlook across Fugro’s market segments is positive as offshore wind…
Specialist drilling waste management company, TWMA, has announced the appointment of Halle Aslaksen as its new CEO.Aslaksen joins the Aberdeen-headquartered company from the Norwegian hydropower operator Småkraft, where he served as CEO. He…
French-based geophysical services company CGG announced that it has completed the wind-down and exit from its land seismic data acquisition business after completing its last land seismic acquisition contract in Tunisia.Following on from the…
The Canada Pension Plan Investment Board (CPP Investments) has refinanced its minority interest in the 609MW Hohe See and Albatros offshore wind farm complex in the German North Sea.Amsterdam Capital Partners (Amscap) advised CPP Investments on the EUR 510…
GE Renewable Energy has announced that Heiner Markhoff has been named vice-president and CEO of Grid Solutions, effective March 20, 2020.According to a press release, Markhoff has a track record of growth, transformation and operational performance in diverse global businesses…
The European Commission has approved the acquisition of OLT Offshore LNG Toscana by SNAM and the UK’s First State Investments International (FSI), under the EU merger regulation.According to the Commission, OLT is active in the management of…
Transocean, the world's largest offshore drilling contractor, said that its total contract drilling revenues were $792 million (total adjusted contract drilling revenues of $839 million), compared with $784 million in the third quarter of 2019…
The global marine and offshore engineering group Sembcorp Marine and Singapore's Agency for Science, Technology and Research (A*Star) have agreed to deepen their research and development (R&D) collaboration for the offshore marine and clean energy sectors…
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