Maersk Decom, established by Maersk Supply Service and Maersk Drilling in an attempt to benefit from a large market for decommissioning assets within the oil industry, shuts down. Chief executive left several months ago.
The price increases occurred Thursday afternoon and evening before sliding back down in the early hours of Friday on rumors that China plans to rebuild its strategic crude oil inventories using cheap Russian oil.
In the fall, TotalEnergies postponed investment decisions on Valdemar Bo Syd and Halfdan Nord projects by several years. In light of the war in Ukraine, however, the oil giant is once again looking into expediting the plans.
Infrastructure investor Infranode has become part owner of the Klemetsrud carbon capture project in Norway. Now the company is setting its sights on Danish CCS projects, while the project team collaborates with Danish waste management companies.
US offshore carrier Tidewater is ready to take full advantage of a potential upswing in the offshore market after the company took over Swire Pacific Offshore in April. The first quarter ended with a loss, however.