Business & Finance
WES splashes £1.8M on quick connection systems for wave energy
Wave Energy Scotland (WES) has selected three companies to share nearly £1.8 million to demonstrate their quick connection systems which are expected to bring down the cost of wave energy.
Navig8 inks sale and leaseback deal for chemical tankers
Norway-listed tanker company Navig8 Chemical Tankers has entered into sale and leaseback agreements with Chinese Jiangsu Financial Leasing (JFL) for four chemical tankers.
EuropeWave launches wave energy concept development tender
The €20 million EuropeWave project has invited wave energy developers to apply for funding via its innovative pre-commercial procurement (PCP) programme.
CMA CGM, Elengy & others to study production of BioLNG
French liner major CMA CGM has teamed up with EveRé, operator of the multi-process household waste treatment plant, Elengy, a subsidiary of Engie, and TotalEnergies to study the feasibility of creating France’s first production unit for liquefied biomethane (BioLNG). BioLNG, a low-carbon alternative
KfW IPEX-Bank supports Hapag-Lloyd’s LNG-powered ULCV project with green loan
German container shipping major Hapag-Lloyd has secured from compatriot KfW IPEX-Bank its second green loan within six months aimed at financing the construction of six LNG-powered ultra large container vessels (ULCVs).
Aurora, GSB Tankers set up chemical tanker partnership
Aurora Tankers, a wholly-owned subsidiary of IMC Industrial Group (IMC), has joined forces with Golden Stena Baycrest Tankers (GSB) to manage and operate stainless steel tankers.
Sembcorp Marine hired to modify ex-Tupi FPSO for deepwater deployment
Sembcorp Marine has secured an amendment contract from Tupi B.V. valued at $175 million for modification work on the P-71 FPSO.
OSG gets acquisition offer from Saltchuk Holdings
Tanker shipping company Overseas Shipholding Group (OSG) has received a non-binding acquisition offer from Saltchuk Holdings for a price of $3.00 per share.
Yinson, PTSC extend deal for PTSC Lam Son FPSO off Vietnam
Malaysian FPSO provider Yinson has secured a contract extension for the PTSC Lam Son FPSO in Vietnam with Vietnam’s PTSC AP.
Lukoil paying $435 million for block off Mexico ahead of first oil
Russia’s Lukoil has entered into an agreement to acquire a 50 per cent operator interest in the Area 4 project located offshore Mexico.
ExxonMobil fails to find oil in Guyana well
ExxonMobil has failed to find commercial hydrocarbons at its Jabillo-1 located offshore Guyana and will be moving on to the next well soon.
Qatar Petroleum buys interest in three blocks off South Africa
State-owned Qatar Petroleum has entered into agreements with TotalEnergies to acquire working interests in three offshore exploration blocks in South Africa.
U.S. weekly offshore rig count flat
The number of offshore rigs in the U.S. remained unchanged over the last week, according to Baker Hughes.
In focus: Heating up the energy transition
The latest developments from the offshore energy industry related to the ongoing energy transition.