Business & Finance
Hapag-Lloyd behind order for 6 dual-fuel ULCVs at DSME
German liner major Hapag-Lloyd revealed it has hired the South Korean shipyard Daewoo Shipbuilding & Marine Engineering to build six dual-fuel containerships with a capacity of over 23,500 TEU. The shipbuilder disclosed the deal earlier today, without naming the company behind the order. The contrac
UK’s OGA orders zero routine flaring & venting for all by 2030 latest
UK’s Oil and Gas Authority has issued an updated guidance on flaring and venting, which sets out a tougher approach to driving reductions.
Solstad Offshore gets rid of third PSV in two months
Norwegian shipowner Solstad Offshore has sold one of its platform supply vessels (PSV), making it the third vessel sale in two months.
Aramco closes $12.4 billion pipeline business stake sale
Aramco has completed the sale of a 49 per cent stake in the newly formed Aramco Oil Pipelines for $12.4 billion to an international investor consortium led by the U.S.-headquartered EIG. Aramco continues to hold a 51 per cent majority stake in the subsidiary and retains full ownership and operationa
Ocean Power Technologies makes top management changes
U.S.-based marine energy company Ocean Power Technologies (OPT) has appointed new president and chief executive officer, along with other executive management changes.
Dyna-Mac secures more FPSO work
Singapore’s Dyna-Mac has secured additional work scope from existing customers, for a total provisional contract sum of about $6 million.
Ocean energy industry delivers ‘how-to’ guide for reaching Europe’s 100MW by 2025 target
Ocean Energy Europe has presented the European Commission with a study that outlines the financial, technical and regulatory aspects of 17 wave and tidal projects that could hit the waters by the end of 2025, with recommendations for action at the EU level to ensure their delivery.
ExxonMobil white-collar jobs at risk amid performance review start
Energy supermajor ExxonMobil is preparing to reduce its U.S. offices headcount by up to 10 per cent annually for the next three to five years.
Safe Bulkers refinances fleet of 8 vessels
Monaco-based bulker owner Safe Bulkers has entered into a credit facility of $70 million with a five-year tenor.
Waves4Power, EnergyTwo to combine wave power and clean charging solutions
Swedish company Waves4Power has formed a strategic alliance with U.S.-based clean charging technology developer EnergyTwo to harness solar, wave power and energy storage to meet the increased demand for electrification and on-site charging for clean electric machines.
Maintenance finalised at largest oil & gas platform of Sakhalin-2 project
Sakhalin Energy has completed the planned shutdown at the largest oil and gas production platform of the Sakhalin-2 project in Russia.
Höegh considers listing as it sets sights on up to 12 ammonia-ready ships
Norwegian RoRo shipping company Höegh Autoliners is considering a potential listing as it scales up green vessel investment plans as part of its decarbonization efforts. Namely, Höegh intends to invest in up to 12 Aurora class multi-fuel and ammonia ready vessels designed with a 9,100 car equivalent
TAQA hands in decom plan for Cormorant Alpha topsides
Oil and gas company TAQA has filed its decommissioning programme for the Cormorant Alpha platform topsides to the UK authorities.
Navigating a path to net-zero
Expertise and experience will be crucial as industry gears up to meet the challenges of the post-COP26 economy, writes Ian Thomas, Principal Consultant at Vysus Group.