Business & Finance
ExxonMobil rallying support for board re-election
Oil major ExxonMobil has sent a letter to shareholders urging them to vote using in favour of the company’s 12 director nominees at its 2021 annual meeting of shareholders on 26 May.
Keppel wraps up topsides lifting on SBM’s Liza Unity FPSO
Keppel shipyard has reached a major milestone in the construction of the SBM Offshore-owned Liza Unity FPSO with the completion of the topsides lifting.
Tunisia takes first offshore wind steps
Tunisian government officials have taken part in an offshore wind training course organized by the Netherlands, representing the country’s first steps towards offshore wind energy. The Dutch Energy Transition Facility (ETF) organized an offshore wind training course for a group of 20 Tunisian govern
Scottish Renewables: Offshore wind delay could cost billions
Scottish Renewables has urged the Scottish Government to resolve the delay to the ScotWind offshore wind leasing round and keep the process on track before the Parliament election period starts on 25 March. The government recently halted ScotWind leasing, which was already 14 months late, after the
Wintershall Dea gets permit for appraisal well west of Maria
The Norwegian Petroleum Directorate (NPD) has granted Wintershall Dea Norge a drilling permit for an appraisal well located in the Norwegian Sea.
Wan Hai assigns $1 bn to buy up to nine 13,000 TEU boxships
Taiwanese container shipping company Wan Hai Lines has announced plans to purchase nine close to 13,000 TEU containerships worth up to $ 1.035 billion. The decision was announced by the company’s Board of Directors on March 10, giving the green light to the company’s chairman to ‘negotiate possible
Seadrill laying off 162 Gulf of Mexico workers
Offshore drilling contractor Seadrill is laying off 162 offshore workers in the U.S. Gulf of Mexico as one of its drillships will be out of work soon.
LOC secures more work offshore Vietnam
LOC has secured a contract to provide marine warranty services (MWS) and consultancy for the Tra Vinh No. 3 intertidal wind farm in Vietnam. LOC will support the development of the first phase of the project, including the review and approval of the loadout and marine transportation operations of co
Activist firm calls for ousting of four ExxonMobil board members
Activist firm Engine No. 1 has named directors it wants shareholders to remove from the board of directors of ExxonMobil at the oil major’s upcoming annual general meeting.
Offshore wind top earner at Van Oord in 2020
The offshore wind brought the most revenue to Van Oord in 2020, surpassing for the first time the company’s Dredging business. Van Oord recorded € 632 million in revenue at its Offshore Wind business in 2020, a 10.7 per cent increase compared to € 571 million reported in 2019. The division’s operati
Swift Drilling hired for long-term P&A job in North Sea
Swift Drilling has been awarded a long-term contract by Wintershall Noordzee to perform a plug and abandonment campaign in the Dutch and German North Sea.
Sif acquires KCI the engineers
Sif Holding has finalised the takeover of KCI the engineers from Royal IHC, as announced in December 2020, when the companies inked the initial agreement for Sif’s acquisition of the Dutch engineering consultancy company. Financial details of the acquisition have been left undisclosed. KCI, which ba
Ardmore, partners to drive adoption of E1’s hydrogen purification technology
Ardmore Shipping Corporation has signed a Letter of Intent with Element 1 Corp. and Maritime Partners to establish a joint venture that would deliver E1’s methanol-to-hydrogen technology to the marine sector. Oregon-based E1 has developed advanced hydrogen generation systems used to power fuel cells
Union Jack Oil buys royalties from three North Sea fields
Onshore-focused exploration and production company Union Jack Oil has acquired a royalty interest in revenues generated from three fields in the Central North Sea.