Business & Finance
CNOOC’s offshore oilfield project starts production
CNOOC Limited has started production at the Bozhong (BZ) 19-4 oilfield comprehensive adjustment project offshore China.
Exploration well off Guyana on track to reach total depth in December
The Kawa-1 exploration well, located offshore Guyana, is on track to reach total depth in the first half of December 2021.
BW Offshore’s Barossa FPSO equity JV gets regulatory approval
BW Offshore has informed that a JV partnership for the equity financing of the Barossa FPSO has been granted regulatory approval.
EWP CEO wins global challenge for women entrepreneurs award
Inna Braverman, founder and CEO of Eco Wave Power (EWP), has received the Sustainable Development Goals (SDG) Excellence Award during the 2021 WE Empower competition.
Atlantska Plovidba orders up to four eco-friendly bulkers in China
Croatian shipping company Atlantska Plovidba has placed an order for up to four 82,000 dwt bulk carriers at Chinese shipyard Jiangsu Hantong Ship Heavy Industry.
Samskip acquires Sea Connect to expand Baltic Sea footprint
Dutch transport group Samskip has decided to acquire Lithuanian shortsea specialist Sea Connect, broadening its Baltic operations.
TECO 2030 wins tax relief grant to develop hydrogen fuel cell production line
Norway’s cleantech company TECO 2030 has been granted up to NOK 5.4 million (around $630,000) in indirect government support for developing its first production line for hydrogen fuel cells at its new fuel cell factory in Narvik.
Easterly creates new maritime investment company
Easterly Asset Management has unveiled Maritime Logistics Equity Partners (MLEP), a new company formed to take advantage of opportunities in international shipping markets, including the chemical tanker shipping sector that is projected to reach $9.5 billion by 2026.
Global seismic vessel fleet at pre-Covid level as energy transition jobs ramp up
Seismic vessel utilization has recovered to pre-Covid-19 levels in the third quarter of 2021, with about 68% of the global fleet now surveying or underway, according to a recent report by Rystad Energy. The seismic industry took a hit by the Covid-19 pandemic for several quarters, keeping nearly hal
LR buys ship data intelligence company to increase sustainability
Maritime classification society and technical services provider Lloyd’s Register (LR) has acquired GreenSteam, a marine data intelligence company specialising in improving vessel efficiency through machine learning.
Minesto secures Deep Green commercialisation boost
Minesto has secured a SEK 5.8 million (approximately €572,600) grant from the Swedish Energy Agency for the ongoing commercialisation of its Deep Green technology. The grant co-funds a project through which Minesto will develop a next-generation tether system that is set to optimise functionality an
SBM Offshore secures loan to build Brazil’s largest oil production unit
FPSO operator SBM Offshore has secured a $635 million bridge loan facility for the financing of the construction of FPSO Almirante Tamandaré.
Maersk to speed up eFuel development with latest investment in US startup
Danish shipping giant A.P. Moller – Maersk has made an investment in US-based start-up company Prometheus Fuels focused on developing cost-efficient, carbon-neutral eFuels for shipping.
UK launches competition to bring electrification a step closer to reality
UK’s oil and gas regulator has launched a decarbonisation competition for the electrification of offshore oil and gas installations.