Despite COVID-19 challenges, AMSC has closed a $305 million refinancing covering nine vessels.
Russia’s largest independent natural gas producer Novatek boosted its production in the first quarter of this year while the company’s sales decreased. Novatek said Thursday that natural gas production rose by 2.2 percent year on year to 19.1 billion cubic metres. The Russian company’s production of
Lime Petroleum has signed an agreement with Equinor to acquire 20 per cent interests in each of the licences PL263D and PL263E located in the Norwegian Sea.
Cargo removal operations from a grounded Norwegian vessel began off the coast of Scotland .
Cyprus is no longer part of the targeted flag list of the USCG in relation to the safety performance of flag administrations.
Prosafe, a provider of semi-submersible accommodation rigs, is in talks with operators related to potential contract changes for its units.
A decision on whether to approve a further £244,000 investment in Perpetuus Tidal Energy Centre (PTEC) has been delayed – this time by coronavirus. The Isle of Wight council were set to approve the further investment to assist with renewal of licences and leases for the tidal energy scheme off the c
Elia and 50Hertz Transmission have issued a tender seeking a UXO expert for offshore platforms in Belgium and Germany. In Phase 1, the contractor will provide a desktop study and a presentation of results on a UXO risk workshop with the client. The selected party will then in phase two provide consu
Shell has awarded a contract extension to the Petrojarl Knarr FPSO owned by Altera Infrastructure, previously known as Teekay Offshore. However, some of the terms of the contract have been changed, including a reduction in dayrate.
TUI AG gets an EUR 1.8 billion state aid bridging loan to cope with coronavirus business impacts.
UK’s Ineos has decided to postpone its planned shutdown of the Forties pipeline system until the spring of 2021.
Aker BP has awarded a call-off for removal and disposal of multiple installations in the Valhall area in the North Sea to Allseas.
Neptune Energy has reported that the load out of the 740-tonne topside module for the Nova brownfield project in the Norwegian North Sea has been completed ahead of the installation offshore with the world’s largest semi-sub crane vessel.
VTT, partners will assess how suitable fuel oils made from biomass and waste plastics are for ship diesel engines.
