Business & Finance
Tidewater promotes two key members of executive team
U.S. offshore support vessel operator Tidewater has promoted two key members of the company’s executive team, Sam R. Rubio and David E. Darling.
Petrofac suspended from competing for new ADNOC contracts
Oilfield services provider Petrofac has been suspended by UEA’s oil and gas giant ADNOC from competing for new contract awards until further notice.
KSOE wins $609 million worth of deals for seven newbuilds
South Korean shipbuilding heavyweight Korea Shipbuilding & Offshore Engineering (KSOE) has won orders for a total of seven ships worth KRW 691 billion ($609 million). The announced deals will see Hyundai Samho Heavy Industries, KSOE’s shipbuilding arm, build three very large gas carriers (VLGCs) wor
UK regulator tells how oil & gas sector should work to reduce emissions
UK’s petroleum regulator, the Oil and Gas Authority, has outlined how the oil and gas industry should work to reduce greenhouse gas emissions.
Denmark joins co-sponsors of $5 bn research fund to decarbonize shipping
Denmark has joined as a co-sponsor of the proposal to create a $5 billion International Maritime Research and Development Board (IMRB) was submitted to the UN’s International Maritime Organisation (IMO). The proposal was submitted on the 10th of March 2021 by Georgia, Greece, Japan, Liberia, Malta,
Bahri Chemicals inks charter deal for 9 UACC chemical tankers
Saudi Arabia’s national shipping carrier Bahri said that its business unit Bahri Chemicals has concluded a long-term time charter deal with Dubai-headquartered United Arab Chemical Carriers Limited (UACC). As part of the deal, nine UACC IMO2 medium range (MR) chemical tankers will join Bahri Chemica
Vår Energi to extend the life of Norwegian subsea field
Vår Energi has received consent from the Norwegian offshore authority to use the subsea facilities on the Marulk field beyond their original operating life.
Danes issue discussion paper on energy island procurement
The Danish Energy Agency has published a discussion paper on the procurement framework for the commercial co-ownership of the Energy Island in the North Sea. The discussion paper contains a number of themes and questions that are relevant to the procurement framework for co-ownership of the Energy I
Tellurian slashes debt with $38 mln prepayment
US LNG project developer Tellurian has repaid its 2019 loan in full after a $38 million voluntary prepayment.
Russia to grant subsidies for Far North-bound newbuilds
The Russian government has decided to provide subsidies for newbuild vessels destined for the Far North region.
Shell looking to shed interests in blocks off Malaysia
Oil major Shell is exploring options to sell its non-operated interests in the Amended 2011 Baram Delta EOR production sharing contract (PSC) and the SK 307 PSC off Malaysia.
Noreco names Sapura man its new COO
Norwegian Energy Company (Noreco) has appointed John Hulme as Chief Operating Officer (COO), effective Monday, 15 March 2021.
New marine survey player Nicola Offshore opens for business
Nicola Offshore, a new German-based company specialising in turnkey services for marine survey campaigns, has started operations from its headquarters in Hamburg.
Eni gears up to drill Montenegro well as rig arrives
Italy’s oil and gas company Eni and Russia’s Novatek will start drilling an exploration well in waters offshore Montenegro later this month.