Search results for: north star

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  • How has going under the radar for the shipping industry backfired today?

    11 September 2020
    Human Capital, Vessels

    The shipping industry is faced with one of the greatest humanitarian crises in years, affecting over half a million people. Six months into the pandemic 300,000 seafarers are stuck at sea, some of them for 17 months, 6 months longer than allowed under the Maritime Labour Convention (MLC). Around 300,000 more seafarers are pending to […]

  • U.S. Energy Secretary cuts to the chase and urges oil & gas companies to produce more

    10 March 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Exploration & Production, Market Outlooks, Safety, Transition

    U.S. Energy Secretary Jennifer Granholm has urged the oil and gas companies to increase their oil and gas production to stabilise the market.

  • UK player to sell Norwegian assets and Statfjord UK in $1 billion deal

    8 December 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Transition

    UK company Spirit Energy has entered into agreements to divest its Norwegian business, including the Statfjord UK field for $1.076 million.

  • New Moody’s rating for Santos due to growth from Oil Search merger

    15 December 2021
    Business & Finance, Business Developments & Projects, Exploration & Production

    Moody’s has assigned an investment grade credit rating with a stable outlook to Santos following the firm’s merger with Oil Search.

  • Senator Carper Participates in Water Resources Policies Hearing (USA)

    11 February 2013

    Sen. Tom Carper (D-Del.), member of the Senate Environment and Public Works Committee attended the “Oversight Hearing on Implementation of Corps of Engineers Water Resources Policies”, held on February 7, 2013 where he addressed the present. The following is the Senator’s statement: “Madame Chair, Ranking Member Vitter, thank you for having this hearing today to […]

  • In focus: A bumper year for carbon capture and storage

    23 December 2022
    Carbon Capture Usage & Storage, Innovation, Research & Development, Storage, Technology, Transition

    Carbon capture and storage (CCS) is a suite of technological processes which involve capturing carbon dioxide (CO2) from the gases discarded by industry and transporting and injecting it into geological formations. According to the Global Status of CCS 2022 report, as of September 2022, 196 commercial CCS facilities are in the project pipeline worldwide. This […]

  • New timing for Tyra first gas amid supply chain issues

    3 August 2022
    Business & Finance, Business Developments & Projects, Project & Tenders

    TotalEnergies has experienced delays with its Tyra Redevelopment Project in the Danish North Sea amid global supply chain challenges.

  • AWS Ocean Energy’s Waveswing takes a dip offshore Orkney

    7 April 2022
    Authorities & Government, Business Developments & Projects, Collaboration, Equipment, Innovation, Operations & Maintenance, Outlook & Strategy, Project & Tenders, Regulation & Policy, Research & Development, Technology

    Scotland-based AWS Ocean Energy has started sea trials at the European Marine Energy Centre (EMEC) as part of the scientific testing program for its Waveswing wave energy converter.

  • UK approves IOG’s plan for North Sea development

    1 May 2020
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    The UK Oil & Gas Authority (OGA) has approved IOG’s field development plan for the Core Project Phase 1 located in the UK North Sea.

  • UK firm emerges from Chapter 11 with FPSO deal for giant oil & gas project as ‘one of the key drivers’

    9 January 2023
    Business & Finance, Business Developments & Projects, Project & Tenders

    UK-based energy services provider Altera Infrastructure has emerged from Chapter 11 bankruptcy, a few months after filing for it. 

  • In focus: The pursuit of low-carbon business prospects

    30 July 2021
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Innovation, Research & Development, Technology, Transition, Vessels

    This week’s focus was on making vessels greener, low-carbon strategies, green hydrogen, and building a sustainable future.

  • Equinor unveils key document for Barents Sea project with development plan due by year-end

    1 February 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Equinor has presented an impact assessment for the development and operation of Wisting development located in the Barents Sea off Norway.

  • Caterpillar Reports Record Quarterly Profit (USA)

    25 April 2012
    Business & Finance

    Growth in mining, strong replacement demand for products in the United States and a continued focus on cost management helped Caterpillar Inc. (NYSE: CAT) deliver record quarterly profit per share of $2.37 in the first quarter of 2012. This represents an increase of 29 percent from first-quarter 2011 profit per share of $1.84. First-quarter 2012 […]

  • From Climate Change to Smarter Seal Solutions

    2 October 2017

    By Lagersmit The entire world has been talking about it for years now and it still remains a hot topic: climate change. This change has a lot of consequences for several sectors and the maritime industry also has to deal with this. How does climate change impact the maritime industry? Clear responses to this development […]

  • Energy outlook: Oil making a comeback in 2023, says WoodMac

    3 January 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Transition

    With the global energy crisis still running the show, Wood Mackenzie has outlined ten predictions for the energy industry in 2023.

  • Inflation and supply chain uncertainty cause delays for Dorado oil project

    17 August 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Project & Tenders, Rules & Regulation, Vessels

    Santos has informed that the inflationary cost environment and supply chain uncertainty do not support the FID of its Dorado project in 2022.

  • Orbital’s first commercial tidal turbine starts exporting clean power to UK grid

    28 July 2021
    Authorities & Government, Business Developments & Projects, Collaboration, Equipment, Innovation, Market Outlooks, Outlook & Strategy, Regulation & Policy, Research & Development, Technology, Transition

    Orbital Marine Power’s O2, deemed the world’s most powerful tidal turbine, has started grid-connected power generation offshore Orkney in Scotland. The turbine is also set to provide power for green hydrogen generation to facilitate decarbonisation of wider energy requirements.

  • USA: Global Container Terminals Unveils Plans for Major Expansion Project

    10 May 2012

      Global Container Terminals Inc., a leading North American marine terminal operator with facilities on both coasts, has unveiled final plans for a multi-million dollar expansion project to develop a 70-acre technologically advanced container terminal on the Bayonne, NJ, waterfront. When complete, Global Terminal at Port Jersey will be the most advanced marine terminal in […]

  • ECSA: Maritime-specific rescue and recovery plan is urgently needed

    3 April 2020
    Authorities & Government, Business & Finance, Infrastructure, Regulation & Policy, Vessels

    ECSA stressed that more sector-specific actions are needed to save the European shipping industry.

  • New report about resources in 24 prospects off South Africa sees the light of day

    9 March 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    An independent review of Africa Oil’s prospective resources in a block in the Orange Basin off South Africa has been completed by RISC.

  • Karoon and Enauta abandon Brazilian field-related sale talks

    23 May 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Outlook & Strategy, Project & Tenders

    Enauta’s exclusivity deal with Karoon Energy for the sale of a partial stake in a field located off Brazil has been terminated.

  • Australian regulator seeks public input on Inpex’s two-well drilling campaign

    13 May 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Project & Tenders, Regulation & Policy, Rules & Regulation

    Inpex has submitted an environment plan to the country’s regulator for exploration drilling in Commonwealth waters, offshore Australia.

  • In focus: New clean fuel-powered vessels coming to market as investments in renewables and decarbonisation continue

    20 August 2021
    Business Developments & Projects, Outlook & Strategy, Storage, Transition, Vessels

    Energy transition developments have not hit the pause button amid the summer vacation season and new updates on investments in renewable energy, decarbonisation, and moving away from fossil fuels continued filling our headlines this week, with all of these efforts from the offshore energy and shipping sectors coming together in an announcement of a hybrid vessel dedicated to transporting offshore wind-generated electricity.

  • Rystad: E&P investments to reach $380B in 2021 but 20 pct at risk of deferral

    24 November 2020
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy

    Investments from global E&P in 2021 are projected to reach around $380 billion, almost flat year-on-year, a Rystad Energy report shows.

  • EU’s new wave of sanctions targets Russia’s Middle East shipping company

    27 February 2023
    Authorities & Government, Business & Finance, Green Marine, Outlook & Strategy, Regulation & Policy, Vessels

    The EU has adopted a new package of sanctions against Russia and its supporters in response to Russia’s invasion of Ukraine. The tenth package of sanctions is being adopted as the world marks one year since Russia’s full-scale invasion of Ukraine and is targeting 121 entities and individuals. The package contains new listings and trade […]