Business & Finance
Equinor picks FPSO concept for gas field offshore Brazil
Equinor has approved the development concept for BM-C-33, a gas/condensate field located in the Campos Basin pre-salt in Brazil.
Kinsale decommissioning preparations in full swing
PSE Kinsale Energy is preparing for the decommissioning campaign of its Kinsale area gas field located in the Celtic Sea off Ireland.
NIB signs off €134 million loan for Viking Link interconnector
The Nordic Investment Bank (NIB) has signed a 10-year loan agreement with Danish national transmission system operator Energinet to co-finance the construction of the Viking Link interconnector between the UK and Denmark.
BIMCO: Scrubber-fitted ships nearly double in 15 months
Since January 1, 2020, the number of scrubber-fitted ships has nearly doubled from 2,011 ships to 3,935 by March 1, 2021, data from BIMCO shows. Scrubbers have been a very attractive solution for meeting the IMO 2020 regulation on cutting the sulphur content in marine fuel, especially for bigger ves
Two Akastor vessels to be sold after two-year job with Petrobras
Akastor’s subsidiary, DDW Offshore, has entered into bareboat charter agreements with OceanPact Servicos Maritimos for two AHTS vessels.
Kongsberg to supply four autonomous vessels for marine ecosystem monitoring
Kongsberg Maritime has reached an agreement with Norway’s Institute of Marine Research (IMR) for the supply of four autonomous vessels that will be used for marine ecosystem monitoring.
BW Ideol starts trading on Euronext Growth Oslo
As announced recently, BW Ideol started trading on Euronext Growth Oslo today (18 March). Upon admission to trading on the stock market, BW Ideol has several shareholders, with BW Offshore controlling about 50 per cent of the shares and thus maintaining a significant influence over matters requiring
Hess offloads Denmark assets to Ineos for $150 million
Hess Corporation has entered into an agreement to sell its subsidiary Hess Denmark to Ineos E&P for a total consideration of $150 million.
Vantage Drilling cuts quarterly loss but sees red ink in 2020
Vantage Drilling managed to cut its losses in the last quarter of 2020 when compared to the same period in 2019 despite lower revenues.
Amprion hands in papers for German offshore grid links
Amprion Offshore has submitted the documents for the public planning procedure for the Exclusive Economic Zone section of the DolWin4 and BorWin4 offshore grid connection systems in Germany. The application documents contain a pre-design of the planned platforms and take into account the installatio
Vattenfall inks first power sale deal for Hollandse Kust Zuid OWF
Air Liquide has signed a long-term Power Purchase Agreement (PPA) with Vattenfall for the Hollandse Kust Zuid offshore wind farm, the first such contract for the 1.5 GW project and also the first PPA Air Liquide signed in the Netherlands. Under a 15-year agreement, Air Liquide will purchase 100 GWh
Hapag-Lloyd continues momentum after strong 2020
German container shipping giant Hapag-Lloyd saw a significant earnings surge in 2020 despite negative effects of the coronavirus pandemic.
Shell and Eni acquitted in Nigeria corruption case
A Milan court has acquitted Shell and Eni in a corruption case related to a $1.3 billion worth acquisition of an oilfield off Nigeria about a decade ago.
Trafigura inks its 1st sustainability-linked loan
Commodity trading company Trafigura has closed its first sustainability-linked loan structure worth over $5 billion. The loan structure is comprised of a new 365-day European multi-currency syndicated revolving credit facility totaling $ 1.85 billion, as well as the extension and increase of its $3.