Increase in northern investment boosts offshore supply chain
08 January, 2020
Significant investment in ports and harbours over the past decade has established a 'launch pad for expansion of the offshore energy supply chain' in the north, according to development agency Highlands and Islands Enterprise.
Aramco completes $1.2bn Korean acquisition deal
19 December, 2019
Oil giant Saudi Aramco has completed the acquisition of 17% of Hyundai Oilbank, from Hyundai Heavy Industries Holdings, for approximately US$1.2bn (£918m).
Shanghai Electric enters European solar market with £420m joint venture
18 December, 2019
Chinese manufacturing giant Shanghai Electric has entered into a £420m joint venture with Spanish company Eland Private Equity to expand further into the European solar market.
BP boosts stake in Lightsource BP to form 50:50 partnership
06 December, 2019
Oil supermajor BP has increased its stake in British solar company Lightsource BP for it to become a 50:50 joint venture.
Latest BlackRock renewables fund hits US$1bn at first close
05 December, 2019
Global investment management company BlackRock has raised US$1bn for wind, solar and battery-storage projects in its latest global renewable power fund.
GE names Maersk finance chief Carolina Dybeck Happe as new CFO
26 November, 2019
General Electric has hired Moller-Maersk’s outgoing CFO Carolina Dybeck Happe as its new finance chief, who will replace Jamie Miller early next year.
AG&P makes strategic equity investment in Kanfer Shipping
14 November, 2019
AG&P has made a strategic investment in Norway-based Kanfer Shipping to make LNG more accessible and commercially viable for downstream customers.
ABB wins deal to digitalise and drive safety at new SABIC chemical plant
12 November, 2019
Global technology giant ABB has won a project to install its renowned extended automation system at a greenfield pilot plant for SABIC in Jubail, Saudi Arabia, supporting SABIC to digitalise its operations.
Baker Hughes awarded Apache North Sea subsidiary subsea agreement
08 November, 2019
Baker Hughes has announced that Apache Corporation's North Sea subsidiaries have awarded a suite of subsea equipment and services including six trees, wellheads and service package.
Wood creates new consulting business arm
07 November, 2019
Global energy services firm Wood has created a new Technical Consulting Solutions (TCS) business unit, merging two of Wood’s former entities.
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