Search results for: 8

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A list of search results

  • 18 January 2021
    Business & Finance, Business developments & projects, Exploration & Production

    Oil and gas company OMV Petrom is making an investment of approximately EUR 32 million ($38.6 million) in a new drilling campaign in the Black Sea.

  • 13 January 2021
    Ports & Logistics

    Prices of spot liquefied natural gas (LNG) imported into Japan are continuing their rise pushed by dropping temperatures.

  • 12 January 2021
    Business & Finance, Business developments & projects, Vessels

    SHUAA Capital, an asset management and investment banking platform, has completed a debt buyout of Stanford Marine Group’s $308 million facility.

  • 11 January 2021
    Business developments & projects, Equipment, Infrastructure

    Back-deck equipment specialist Maritime Developments MDL has completed a multi-project campaign in the Norwegian and UK Continental Shelves with an international contractor. The campaign commenced in May and covered installation of umbilicals and flexible jumpers in 3 different fields on both sides of the North Sea. It saw 12 reels of product installed. The project […]

  • 6 January 2021
    Business & Finance, Business developments & projects, Infrastructure

    Hudong–Zhonghua Shipbuilding, a subsidiary of China State Shipbuilding Corporation, hosted a groundbreaking ceremony for the second phase of the China Shipbuilding Changxing Shipbuilding Base. The Hudong-Zhonghua new factory site is located along the south coast of Shanghai Changxing Island, with an overall construction area of ​​431.8 hectares and a planned investment of 18 billion yuan […]

  • 21 December 2020
    Business & Finance, Business developments & projects, Equipment, Infrastructure

    The Dubai arm of oilfield equipment supplier Weir Oil & Gas has signed a five-year deal to supply and install 1,800 sets of wellheads and trees in the Gulf of Thailand.

  • 16 December 2020
    Business & Finance, Business developments & projects, Infrastructure

    Clean Energy Fuels Corp. has won new deals for more than 58 million gallons of Redeem renewable natural gas (RNG) to accommodate continued demand in heavy-duty trucking, solid waste, and public transit sectors.

  • 9 December 2020
    Human Capital, Market outlooks, Outlook & strategy

    The U.S. oilfield services sector has lost 91,680 jobs due to the effects of the Covid-19 pandemic, according to a monthly report compiled and published by trade group Petroleum Equipment & Services Association (PESA).

  • 8 December 2020

    Japanese-flagged containership ONE Apus has berthed in the Port of Kobe after losing 1,816 containers overboard when it encountered severe weather on Monday, November 30, 2020, Ocean Network Express (ONE) said. Some 64 containers of those damaged or lost are believed to contain dangerous cargo. The 14,052 TEU containership, built in 2019, was en route […]

  • 7 December 2020
    Authorities & Government, Safety, Vessels

    The revised estimate of lost containers from the Japanese-flagged containership ONE Apus now stands at 1,816 units, scaled down from the initial estimates which exceeded 1,900 containers. Some 64 containers of those damaged or lost are believed to contain dangerous cargo, up from 40 which had been previously reported by Ocean Network Express (ONE), the charterer […]

  • 1 December 2020
    Business & Finance, Environment, Transition, Vessels

    Canada-based Waterfront Shipping Company (WFS), a wholly-owned subsidiary of Methanex Corporation, has placed an order for eight new methanol dual-fuel vessels with South Korean shipbuilder Hyundai Mipo Dockyard. The vessels will add to WFS’s existing fleet of 11 methanol-fuelled ships, which have been recognized by the marine industry for their use of clean-burning methanol as […]

  • 30 November 2020
    Business & Finance

    The Korea Fair Trade Commission has fined Daewoo Shipbuilding and Marine Engineering (DSME) for unfair treatment of subcontractors by assigning low contract prices that were below labour cost. The Korean shipbuilding major has been hit with a KRW 15.3 billion ($13.8 million) fine. The fine relates to a period from 2015 to 2019 during which […]

  • 24 November 2020
    Business developments & projects, Project & Tenders

    Seajacks Scylla has 28 jacket foundations to install at the Moray East offshore wind farm, before it wraps up one of the biggest offshore construction works on the project. Only this month (November 2020), the vessel has put in place 18 jackets, so the foundation installation is expected to be completed in January, at the […]

  • 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.

  • 20 November 2020
    Business developments & projects, Project & Tenders

    The U.S. engineering and consulting solutions provider NV5 has secured an $8 million LNG upgrade deal.

  • 18 November 2020
    Business developments & projects, Project & Tenders

    Greek oil and gas company Energean has completed 85 per cent of its Karish project offshore Israel.

  • 18 November 2020
    Business & Finance, Business developments & projects, Human Capital, Outlook & strategy, Transition

    The Covid-19 pandemic hit Australia’s already declining oil and gas workforce hard, causing a loss of over 28,000 jobs this year, Rystad Energy says.

  • 18 November 2020
    Business developments & projects, Innovation, Outlook & strategy, Project & Tenders, Research & Development, Technology, Transition

    The Edinburgh-based start-up Mocean Energy has secured a major investment to advance the design of its Blue Star wave energy device, and drive its adoption in subsea oil and gas sector.

  • 17 November 2020
    Business & Finance

    Subsea services provider Mermaid has reported net loss of $84.1 million for the three-month period ended 30 September 2020. This result compares with loss of some $6.2 million in the corresponding period in 2019. The Singapore-listed company generated quarterly revenue of $22 million, versus $27 million in Q3 2019 – down some 19 per cent. […]

  • 16 November 2020
    Business & Finance, Business developments & projects

    Subsidiaries of oil and gas services provider Sapura Energy has won several contracts worth RM611 million (around $148.4 million).

  • 12 November 2020
    Collaboration, Environment, Innovation, Transition, Vessels

    South Korean fuel cell developer Doosan Fuel Cell has signed a Memorandum of Understanding with Singaporean shipper Navig8 to develop fuel cells for ships. The move comes as the shipping sector embarks on a path to decarbonize in line with the ever more stringent regulations on greenhouse gas emissions. Under the cooperation plan, Doosan FuelCell […]

  • 12 November 2020
    Business & Finance, Business developments & projects

    Dolfines and 8.2 France are joining forces to offer integrated services to the wind energy market, especially the offshore one, by combining their technical expertise in wind turbines, electrical infrastructures and foundations. The offshore wind market’s growth represents a unique opportunity for an integrated player, according to the two companies, with strong growth in the […]

  • 6 November 2020
    Business developments & projects, Innovation, Research & Development, Technology

    The government of Canada has made one of its largest-ever investments in tidal energy by awarding multimillion-dollar funding to Sustainable Marine for the development of a floating tidal energy array in Nova Scotia.

  • 2 November 2020
    Business & Finance, Business developments & projects, Exploration & Production, Market outlooks, Outlook & strategy, Transition

    The Covid-19 pandemic and energy transition are expected to expedite peak oil demand to 2028 and cut demand levels to 102 million bpd, according to Rystad Energy.

  • 2 November 2020
    Business developments & projects, Equipment, Infrastructure, Operations & Maintenance

    Singapore-based engineering firm G8 Subsea has recently completed the landing and pull-in of the world’s first submarine cable for offshore solar power and data. The Northern cable landing, situated at Woodlands, Singapore will transmit data back to mainland with over 5MW of clean renewable energy back to the network infrastructure on the mainland. G8 used […]