Business & Finance
CNOOC in new project start-up off China
CNOOC Limited has started production from the Liuhua 21-2 oilfield, located offshore China, ahead of schedule.
U.S. offshore rig count down by three units
The number of offshore rigs in the U.S. decreased to 14 last week, according to Baker Hughes weekly rig count reports.
In focus: The pursuit of low-carbon business prospects
This week’s focus was on making vessels greener, low-carbon strategies, green hydrogen, and building a sustainable future.
ExxonMobil and Chevron reverse losses amid higher oil prices
U.S. oil majors ExxonMobil and Chevron both returned to profit in the second quarter of the year driven by higher oil and gas prices.
NYK Line issues Japan’s first transition bonds
Japan’s shipowner Nippon Yusen Kaisha (NYK) LIne has revealed that it issued its first transition bonds in the domestic market, becoming the first Japanese firm to do so.
First oil flows from Petrofac’s Malaysian oilfield
The Petrofac-operated East Cendor field in Block PM304 located offshore Peninsular Malaysia has achieved its first oil production.
Marine Power Systems hits 170% over its original crowdfunding target
Welsh renewable energy developer Marine Power Systems (MPS) has received massive investment support in its ongoing crowdfunding campaign on Crowdcube which closes in five days.
Kent completes takeover of SNC-Lavalin’s oil and gas division
Dubai-based energy services firm Kent has completed the acquisition of SNC-Lavalin’s oil and gas division.
CGG sells GeoSoftware business
French seismic firm CGG entered into an agreement with Topicus and Vela Software for the sale of its GeoSoftware business.
Xodus in electrification study for Harbour’s North Sea assets
Xodus is assessing the infrastructure and modifications required to enable electrification of Harbour Energy’s Central North Sea assets.
PetroRio granted royalty rate reduction for Brazilian field
PetroRio has been granted a royalty rate reduction for the Tubarão Martelo field in an effort to incentivise investment in revitalization.
More red ink for Sembcorp Marine as Covid-19 disruptions linger
Sembcorp Marine saw its profit and revenues dip in 1H2021 due to project delays and increased costs caused by the Covid-19 disruptions.
MPC Container Ships secures $70 million revolving credit facility
Norwegian containership owner MPC Container Ships ASA (MPCC) has entered into a three-year revolving credit facility agreement with U.S.-based financial holding company CIT Group at attractive terms.
Chevron makes leadership changes in push for lower carbon strategy
Oil major Chevron has made leadership changes as it’s working on its lower carbon strategy amid an ongoing energy transition.