Business & Finance
Highest fleet utilisation since 2019 nearly quadruples Prosafe revenues
Prosafe has achieved the highest quarterly fleet utilisation rate since 2019, nearly quadrupling its revenues when compared to 3Q last year.
One-on-one with TrustLube
Chiel van Daelen, CEO of TrustLube, tells our Live studio host Coco Kossmann about the importance of the company’s environmentally-friendly lubrication systems.
PortXL and Buccaneer talk innovation, start-ups and the importance of social skills
Carolien Vat-Sandee, director and co-founder of PortXL, and Seriena Bal, managing director of Buccaneer, tell us all about the importance of start-ups for established players, what makes a successful innovation, their leadership and accelerator programs, and more.
Hartree Maritime inks $108 million loan to buy eco-friendly VLCC duo
Hartree Maritime Partners (HMP), the shipping affiliate of global energy and commodities firm Hartree Partners, has signed a $108 million debt finance facility to purchase two environmentally friendly very large crude carriers (VLCCs).
Wintershall Dea embarks on last part of Nova campaign ahead of first oil
Wintershall Dea has begun the last part of the Nova drilling campaign from the Scarabeo 8 rig after originally starting about a year ago.
MMT books Solstad’s Far Superior
Noraway’s Solstad Offshore has secured a contract with MMT Sweden for the construction support vessel (CSV) Far Superior.
Providence all done with Barryroe site survey off Ireland
Providence Resources has completed the site survey at the K drilling location of the Barryroe field in the North Celtic Sea.
Contract extensions for Siem Stingray and Siem Spearfish
Norwegian subsea shipping company Siem Offshore has secured contract extensions for its offshore subsea construction vessels (OSCVs) Siem Stingray and Siem Spearfish. Siem Stingray will continue working for GE Renewable Energy under a contract secured at the beginning of the year. The extension will
Cairn Energy plans to change its name
Oil and gas company Cairn Energy has revealed plans to change its company name effective from 13 December 2021.
Noble sells four Saudi rigs to ADES
Offshore drilling contractor Noble Corporation has completed the sale of four jack-up rigs to a subsidiary of ADES International Holding.
Maersk wins new gig for warm-stacked rig, boasts second-highest quarterly revenue since listing
Maersk Drilling has revealed a new contract award for one of its jack-up rigs as well as details on its quarterly financial performance.
CMA CGM to become sole owner of Los Angeles terminal
French container shipping giant CMA CGM has agreed to buy a majority stake in Fenix Marine Services (FMS), one of the largest terminals in the Port of Los Angeles that provides container handling services to shipping lines.
Nigeria vows to reach net-zero by 2060, highlights key role of gas in energy transition
During the COP26 in Glasgow, Nigerian President Muhammadu Buhari has pledged Nigeria will cut carbon emissions and reach net-zero by 2060.
Odfjell exits short-sea ship business
Norwegian shipping and tank terminal company Odfjell SE has entered into a sales agreement for the last three 9,000 dwt short-sea vessels that have operated in the company’s regional trade in Asia.