Friday 7 August 2020

Vestas first to reach 100 GW of wind turbines under service

Renewables are on track to become the foundation of the global energy system, and the service of wind turbines is consequently playing an ever-increasing part in ensuring the sustainable, cost-competitive, and reliable energy supply we need to create a sustainable planet for future generation


Weatherford does remote installation on Russian offshore platform

Weatherford International announced it has successfully and remotely used a restricted crew to install a 16-inch liner hanger on an offshore platform in Sakhalin Island, Russia during the Covid-19 lockdown. Remote training and monitoring procedures enabled the successful installation of the l


BP to step on M&A to deliver new strategy

Oil major BP will move heavily in acquisitions and divestments to deliver new strategy after its announcing its strategy for transition from an international oil company to an international energy company.   According to Will Scargill, Managing Oil and Gas Analy


Offshore energy can deliver 30pc of UK’s net zero target

The integration of offshore energy systems, including oil and gas, renewables, hydrogen and carbon capture and storage, could contribute to deliver approximately 30 per cent of the UK’s total carbon reduction requirements needed to meet the 2050 net zero target.  


AGR scores 'excellent' in FPAL audit

AGR’s Well Management business unit in the UK is celebrating its highest ever score in the FPAL Verify system operated by Achilles, achieving a rating of ‘excellent’ in nearly all areas.   The results of the FPAL Verify audit, which examined th


Vestas first renewable firm to reach 1.5 deg C target milestone

Vestas has become the first renewable energy manufacturer to have its targets validated by the Science Based Targets Initiative (SBTi) as consistent with a 1.5 deg C scenario. The target validation follows Vestas’ announcement in January 2020 to become carbon neutral, without th


Endress+Hauser emerges global leader in liquid analysis

Impressed with its robust product line, customer-oriented approach and industry-leading knowledge of liquid analysis, Endress+Hauser has been chosen as 2020 Global Company of the Year.    The honour was bestowed by market research and consulting firm Frost


MEA ranks top in oil & gas M&A deals at $11bn in Q2

The Middle East and Africa region held the top position globally in announced merger & acquisition (M&A) deals with a total worth of $11.29 billion during the second quarter (Q2) of the year, said GlobalData, a data analytics and consulting company. At the country level,


Adnoc L&S, China firm set up shipping JV

Adnoc Logistics & Services (Adnoc L&S), the shipping and maritime logistics subsidiary of the Abu Dhabi National Oil Company (Adnoc), announced today the formation of a new strategic joint venture with Wanhua Chemical Group (Wanhua).    The new comp


Write-Downs not the largest issue facing O&G supermajors

Write-Downs, while eye-catching, are not the largest issue facing oil and gas (O&G) supermajors; but they are part of the bigger, structural issues oil giants face, said S&P Global Ratings in a report.   Indeed, write-downs aside, the two biggest challen

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