Tag Archives: energy sector

Equinor Reduces Stake in Scatec Through NOK 1.6 Billion Share Sale While Maintaining Strategic Partnership

(IN BRIEF) Equinor has sold an 8.07 percent stake in Scatec for approximately NOK 1.6 billion, reducing its shareholding to 8.05 percent while agreeing to a 90-day lock-up period on its remaining shares. The company originally became a shareholder in … Read the full press release

Boskalis Launches Remote Operations Center in Aberdeen to Advance Subsea ROV Capabilities

(IN BRIEF) Boskalis has successfully launched remote subsea operations from its new Remote Operations Center in Aberdeen, following significant investment and development. The facility enables ROVs to be controlled from shore, improving safety, efficiency, and operational coordination. After successful testing … Read the full press release

Bilfinger Completes Acquisition of Teknokon Businesses to Strengthen Regional Expansion Strategy in Türkiye

(IN BRIEF) Bilfinger has completed the acquisition of key Teknokon Group businesses, bringing around 1,000 employees into its operations and strengthening its presence in Türkiye. The deal supports Bilfinger’s strategy to use Türkiye as a regional hub connecting Eastern Europe … Read the full press release

ABL Strengthens Offshore Marine Assurance Capabilities Through New Two Year Agreement with Maridive & Oil Services

(IN BRIEF) ABL has signed a two-year master services agreement with Maridive & Oil Services to provide marine assurance and risk management services for its offshore fleet operations. The agreement covers a wide range of services including audits, inspections, surveys, … Read the full press release

OMV and XRG Establish Borouge International as a Global Polyolefins Leader with Strong Synergies and Expansion Strategy

(IN BRIEF) OMV and XRG have finalized the creation of Borouge International, a new global polyolefins leader formed through the merger of Borouge Plc and Borealis and the acquisition of NOVA Chemicals. Headquartered in Austria with global operations, the company … Read the full press release

DNV Introduces Framework for Trustworthy AI in Safety-Critical Industries Based on Proven Risk Management Principles

(IN BRIEF) DNV has published new research identifying key principles for building trustworthy artificial intelligence in safety-critical industrial settings, emphasizing that established risk management and assurance practices can be adapted to meet the challenges of AI-enabled systems. The report highlights … Read the full press release

Schneider Electric report highlights industry shift toward AI-driven autonomy as energy demand and workforce pressures intensify

(IN BRIEF) Schneider Electric’s latest global research highlights a major shift in the energy and chemicals sector toward autonomous operations, with nearly half of processes expected to become fully autonomous by 2030 and a significant portion already operating at advanced … Read the full press release

Wood strengthens consulting leadership with appointment of experienced energy strategist Dr David Cole as Executive President

(IN BRIEF) Wood has appointed Dr David Cole FREng as Executive President of its Consulting business, bringing in a highly experienced industry leader with more than 30 years of expertise across multiple sectors including energy, defence, aerospace, and petrochemicals. Previously … Read the full press release

Brenntag Specialties Strengthens Materials Science Offering with Distribution Agreement for Nanotechnology Products in Brazil

(IN BRIEF) Brenntag Specialties has signed a distribution agreement with Nanum to supply graphene-based nanotechnology products in Brazil, expanding its Materials Science portfolio and strengthening its presence in advanced specialty materials. The agreement provides customers in sectors such as coatings, … Read the full press release

ORLEN Group Strengthens Central European Footprint as ORLEN Aviation Launches Into-Plane Operations in Czech Republic

(IN BRIEF) ORLEN Aviation has obtained a licence to provide aircraft refuelling services at Václav Havel Airport Prague, marking its first operational expansion outside Poland. The company won one of three available licences and is set to begin into-plane refuelling … Read the full press release

Siemens Establishes First Digital Industries Software Office in Saudi Arabia to Support Vision 2030 and Industrial Digitalization

(IN BRIEF) Siemens has opened its first Siemens Digital Industries Software office in Saudi Arabia, strengthening its commitment to Vision 2030 and the Kingdom’s rapidly growing digital economy. The new local presence will enable faster customer support, closer collaboration, and … Read the full press release

Uniper SE Initiates Divestment of Helium Assets Following EU State Aid Decision

(IN BRIEF) Uniper SE has initiated a formal process to sell its helium business in line with European Commission state aid requirements. The transaction includes helium supply and storage agreements and a fleet of ISO containers, with no employee transfers … Read the full press release

Massy Wood to deliver new engineering and topsides enhancements for bpTT as Juniper project moves into execution

(IN BRIEF) Massy Wood has been awarded an EPC and commissioning contract for major brownfield upgrades to bp Trinidad and Tobago’s Juniper platform, part of the offshore Ginger development. The scope includes detailed engineering and the installation of new topsides … Read the full press release

New Joint Venture Adura Unifies Equinor and Shell’s UK Offshore Operations to Strengthen Long-Term North Sea Competitiveness

(IN BRIEF) Equinor and Shell have combined their UK offshore oil and gas activities to create Adura, a jointly owned company that is now the largest independent producer in the UK North Sea. Led by CEO Neil McCulloch, Adura inherits … Read the full press release

ABL Appointed by United India Insurance to Oversee ONGC Rig Moves Across India’s Offshore Fields

(IN BRIEF) ABL has been selected by United India Insurance (UIIC) to oversee Oil and Natural Gas Corporation Limited’s (ONGC) rig movements from September 2025 to May 2026. The company will act as Marine Warranty Surveyor for about 25 rig … Read the full press release

Portuguese Fire Monitoring System Developed by REN and University of Coimbra Wins 2025 Gartner Innovation Award

(IN BRIEF) Natureye, an intelligent wildfire prevention and monitoring platform developed jointly by REN and ADAI at the University of Coimbra, has been recognised at the 2025 Gartner Eye on Innovation Awards as one of the most impactful projects in … Read the full press release

Iberdrola Wins Seven Extel Awards Recognizing Leadership, Transparency, and Investor Excellence

(IN BRIEF) Iberdrola has received seven major awards at the 2025 Extel Europe & Emerging EMEA Equities Awards, including Best Chief Executive of European Utilities for Executive Chairman Ignacio Galán. The company was also recognized for its investor relations team, … Read the full press release

EBRD sells 1 million GDRs in NLB while maintaining long-term commitment to Slovenia’s leading bank

(IN BRIEF) The EBRD has reduced its shareholding in Nova Ljubljanska banka by 1 per cent through the sale of 1 million GDRs on the London Stock Exchange, retaining a 5.125 per cent stake and remaining one of the bank’s … Read the full press release

ensec Joins Orange Cyberdefense to Form Leading Swiss Cybersecurity Powerhouse

(IN BRIEF) Orange Cyberdefense has acquired Swiss specialist ensec, bringing forty new experts into its local team of one hundred and expanding its coverage into German‑speaking Switzerland. The combined firm will offer comprehensive threat‑lifecycle support—from consulting and integration to managed … Read the full press release

DNV Partners with ITS to Boost Indonesia’s Maritime and Energy Education with Focus on Sustainability and Innovation

(IN BRIEF) DNV has signed a Memorandum of Understanding with Institut Teknologi Sepuluh Nopember (ITS) in Indonesia to support the development of the country’s maritime and energy sectors. The partnership includes initiatives such as providing ITS’s academic community with access … Read the full press release