Business & Finance
Aker Solutions gets FEED job on Equinor’s Wisting FPSO
Aker Solutions has received a Letter of Intent for a FEED contract from Equinor for the FPSO for the Wisting development in the Barents Sea.
Neptune Energy backs initiative to eliminate routine gas flaring by 2030
Oil and gas company Neptune Energy has endorsed the World Bank’s Zero Routine Flaring by 2030.
Proman, Stena to support industry’s methanol era with new retrofit and supply solution
Swiss-based integrated energy company Proman has teamed up with Swedish shipping company Stena to develop a retrofit and supply solution that will allow vessels to run on methanol as a marine fuel.
NKT puts power cable recycling into fifth gear
NKT has reused all materials from its medium- and high-voltage power cable scrap for new applications as part of its journey towards zero waste. After entering a partnership with the Norwegian recycling specialist KMT, scrap materials from NKT’s production are being transformed into flowerpots, cabl
GMS inks new vessel deals as market tightens
GMS has won a new contract for one of its large-size class vessels and a contract extension for one of its mid-size class vessels.
Another Shell’s tanker joins Signal Maritime Pool
Signal Maritime, the Signal Group’s shipping arm, has taken commercial management of MT Silver London, the new Shell’s medium-range (MR) tanker, increasing the pool’s fleet size to 15.
Norway’s seismic firms target hybrid towed streamer and OBN acquisition
PGS has entered into a strategic collaboration with Magseis Fairfield to collaborate in the hybrid towed streamer and ocean bottom node (OBN) seismic market. The strategic collaboration has a global scope with an initial focus on the North Sea, and a duration of one year, with options to extend by t
Founder Adolfo Utor takes sole ownership of Baleària
Adolfo Utor, president and founder of the Spanish LNG ferry operator Baleària, takes control of 100 per cent of the shares of the shipping company.
Bourbon embarks on fleet transformation with 40 crew transport vessels in the works
Bourbon plans to build 38 more new units after the first two crew boats from its new Bourbon Surfer-200X series completed sea trials.
Shell produces first gas from North Sea field
Oil major Shell has started production from a gas and condensate field located in the UK North Sea, through a tieback to its Shearwater hub.
Valaris to reactivate stacked drillship for Petrobras
Offshore drilling contractor Valaris has been awarded a contract with Petrobras offshore Brazil for a stacked drillship.
Fugro hired for remote positioning services in India
Fugro has won a two-year contract with Indian marine service provider OCS Services for remote positioning services off the west coast of India.
BW Energy brings online Tortue Phase 2 project off Gabon
Oil and gas company BW Energy has started production from the Tortue Phase 2 project on the Dussafu Marin license located offshore Gabon.
MPC Container Ships offloads six ships, seals $180 million loan
Norwegian shipowner MPC Container Ships (MPCC) has revealed its plans to sell six vessels and sign a new credit facility as part of the package of measures to increase the company’s balance sheet flexibility.