A maritime industry consortium and the existing syndicate of banks of shipbuilder Royal IHC, including the three major Dutch banks, have reached a heads of agreement for the acquisition and refinancing of IHC Merwede Holding B.V.
Maersk Drilling has been awarded a contract by Equinor for the drilling of three and plugging of one well on the Martin Linge field offshore Norway.
Lundin Energy saw its quarterly revenues grow on the back of Johan Sverdrup start-up. As a result of strong performance from the Norwegian fields, Lundin has increased its full-year production guidance.
The United States Coast Guard (USCG) Marine Safety Center (MSC) has issued its 30th ballast water management system (BWMS) type approval certificate to the US-based manufacturer Hyde Marine.
Fugro’s vessels Brasilis and Enterprise are set to mobilise for geophysical surveys at New Jersey’s Atlantic Shores offshore wind site on 1 May. The vessels will carry out surveys within the Atlantic Shores lease area and along potential export cable routes, according to the developer’s Notice to Ma
Valaris booked $3 billion loss in the first quarter of the year affected by impairments and fleet utilization decline.
The Hague-based LNG giant Shell reported a nine per cent rise in its liquefied natural gas sales during the first quarter of this year. Shell sold 19 million tonnes of LNG in the January-March period, compared to 17.51 million tonnes in the same period last year, the company said on Thursday in its
Shell has decided to slash its dividend after seeing its quarterly profit nearly halved when compared to the last year’s quarter amid a dramatic decline in oil price.
Origin Energy saw lower quarterly revenue from the Australia Pacific LNG project but it managed to renegotiate a crucial supply deal with China’s Sinopec. Origin Energy, which holds a 37.5 per cent stake in the APLNG project, said Thursday the first price review under Sinopec’s long-term contract wa
Norwegian oil and gas company Equinor has drilled a dry well near the Oseberg field in the North Sea off Norway.
Work has started on a regasification module that will be installed onboard El Salvador’s first floating and regasification unit. Once completed, the Wartsila module will be installed onboard Shell’s 2002-built LNG carrier Gallina that will be converted to an FSRU. A steel cutting ceremony to mark th
Iberdrola has received bids from wind turbine suppliers and started activities to purchase electrical components for its East Anglia Hub offshore wind project. ScottishPower Renewables, Iberdrola’s UK company, has combined the East Anglia 1 North, East Anglia 2 and East Anglia 3 projects into one 3.
Singapore’s offshore rig and vessel builder Keppel Offshore & Marine saw its quarterly profit halved despite an increase in revenues.
Russian gas giant Gazprom reported a 17 percent drop in 2019 net profit due to lower prices and declining demand in Europe. Gazprom’s net profit reached 1.2 trillion Russian roubles ($16.3 billion) last year. This compares to 1.46 trillion roubles in 2018. Operating profits also fell by 42 per cent
