Business & Finance
Equinor makes FID for $8bn Bacalhau Phase 1 project
Norwegian oil major Equinor, along with its partners, has decided to develop phase one of the Bacalhau field in the Brazilian pre-salt Santos area.
Equinor bites dust in Barents Sea well
Oil and gas giant Equinor has concluded the drilling of a wildcat well in the Barents Sea, but the well is dry.
New Vår Energi CEO formally takes over
The chief executive officer (CEO) role of oil and gas company Vår Energi has been formally taken over by Torger Rød, following the announcement of his appointment at the start of 2021.
Wan Hai Lines brings its 13K TEU order tally to nine boxships
Taiwanese container shipping company Wan Hai Lines has placed an order for the construction of four 13,000 TEU containerships at South Korean shipbuilder Samsung Heavy Industries. The four boxships are slated to start delivery in the second quarter of 2023. Samsung confirmed the deal on the stock ex
OKEA to develop gas discovery as first Draugen tie-back
OKEA, Petoro, and Neptune Energy Norge have made the decision to develop the Hasselmus gas discovery as a subsea tie-back to Draugen.
Three60 Energy fills several senior roles
Energy services group Three60 Energy has made a series of senior appointments, hiring leading people from a who’s who of energy or energy services companies.
Finnish region planning 6 GW offshore wind Power-to-X project
The Finnish government has submitted its National Recovery Plan to the European Commission, allocating € 318.7 million to support clean energy and energy infrastructure developments, including a 6 GW offshore wind farm that will incorporate a Power-to-X solution. Finland plans to support offshore wi
Velesto abandons sunken rig while progressing insurance claims
Malaysian rig owner Velesto Energy is progressing on the insurance claims and it has issued a notice of abandonment for its NAGA 7 rig, which tilted and submerged off Malaysia in May 2021. On 3 May 2021, an incident involving Velesto NAGA 7 drilling rig occurred due to the penetration of one of its
CDB Financial Leasing spending $140 million on 11 ships
China Development Bank (CDB) Financial Leasing is splashing $140 million on the purchase of eleven bulk carriers from an undisclosed ship owner based in the Marshall Islands. The purchase is being carried out through the company’s wholly-owned subsidiary in Hong Kong, which is principally engaged in
Wave Swell Energy embarks on Bluefire to cut costs for wave energy
Australian company Wave Swell Energy (WSE) has launched the Bluefire project, a comprehensive enhancement programme dedicated to refining its wave energy technology, and developing and implementing additional benefits for both the wave energy sector and the environment as a whole.
Heerema vessel removes Gulf of Mexico platform for Eni – gallery
Heerema Marine Contractors’ DCV Balder has completed the offshore removal of the Morpeth tension leg platform on behalf of Eni.
Borr upbeat about market amid strong tendering and contracting activity
Borr Drilling is optimistic and encouraged by signs of shallow water rig market recovery amid strong tendering and contracting activity.
ZeroLab, Good Shipping turn to insetting to speed up decarbonization
ZeroLab, Torvald Klaveness’ subsidiary dedicated to the decarbonization of seaborne supply chains, has partnered with Dutch company GoodShipping, to offer all charterers the opportunity to compensate for their shipping-related emissions through insetting.
FAR and Woodside on track to finalize Sangomar deal
Australia’s FAR Limited is on track to complete the sale of its interest in the RSSD project, which contains the Sangomar field, to Woodside.