Business & Finance
Offshore drilling set for two consecutive years of growth, Rystad says
After a challenging 2020, oil and gas demand recovery – supported by vaccinations and OPEC+ cuts – is proving good for drilling activity, Rystad said.
UK plans phase 2 of offshore wind farm radar risk mitigation competition
The UK’s Defence and Security Accelerator (DASA) is set to launch the second phase of its competition for technologies that mitigate radar risk of offshore wind farms. The Windfarm Mitigation for UK Air Defence competition seeks proposals that can develop technologies to permit the coexistence of fu
EIB bankrolls second French offshore wind project
The European Investment Bank (EIB) has approved a EUR 350 million loan for the construction of the 450 MW Calvados offshore wind farm in France. The EUR 2 billion project, also known as Courseulles-sur-Mer, is being developed by the Eoliennes Offshore du Calvados (EODC) consortium of EDF Renewables,
KrisEnergy extends Vietnam asset farm-out once more
Singapore’s oil and gas company KrisEnergy has entered into a fourth extension of the long stop date under a farm-out agreement for Block 115/09 offshore Vietnam.
Jadestone committed to closing Maari deal with OMV despite delays
Jadestone Energy remains committed to closing the acquisition of OMV’s stake in the Maari field, located offshore New Zealand, despite several delays.
Hapag-Lloyd readies sustainability-linked senior note
German container shipping major Hapag-Lloyd AG revealed plans to issue a sustainability-linked corporate senior note in the amount of EUR 300 million (about $357 million).
Sapura Energy gets new boss as current CEO retires after 25 years
Sapura Energy has informed that its President and Group CEO Tan Sri Shahril Shamsuddin is retiring, after leading the group for more than 25 years.
Evergreen to splash up to $2.6 billion on 20 boxships
Taiwanese container shipping company Evergreen Marine has revealed plans to build twenty 15,000 TEU containerships. The announcement made yesterday confirms broker rumours from February this year. When the company was approached for a comment by our editorial staff at the time, Evergreen issued the
Drilling stops on Wintershall Dea field after serious rig incident
An investigation has been launched following a serious incident on the West Mira rig, which happened while the rig was working for Wintershall Dea.
Baker Hughes, Horisont team up for Barents Sea carbon capture project
Oilfield services major Baker Hughes and carbontech startup Horisont Energi have signed a memorandum of understanding (MoU) for the Polaris carbon storage project in the Barents Sea, off the northern coast of Norway.
Disappointing results for Chrysaor in North Sea well
Chrysaor has concluded the drilling of the Jerv exploration well located in the North Sea off Norway but failed to find commercial hydrocarbons.
DSME shuts down production amid COVID-19 outbreak
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has stopped production at its facilities in Okpo, Geoje amid an outbreak of Covid-19 infections among workers. Close to 70 workers have tested positive for coronavirus at the yard, according to Yonhap. DSME said in a regulatory
Saga Pure further invests in Bergen Carbon Solutions
Norwegian company Saga Pure ASA, formerly known as Saga Tankers, has entered into agreements to subscribe for NOK 15 million ($1.76 million) in a private placement in Bergen Carbon Solutions AS (BCS).
AusGroup in recruitment drive after winning 10-year deal with Chevron
To service a new, 10-year contract with Chevron in Australia, AusGroup expects to recruit between 300 – 500 new workers during the life of contract.