Business & Finance
Five Petrobras board members to step down with CEO
Five board members of Brazilian state-owned company Petrobras have decided to step down as a reaction to moves made by Brazil President Jair Bolsonaro to replace current CEO Roberto Castello Branco.
EnerMech scores eight new deals in UK
UK-based oilfield services provider EnerMech has won a string of new deals in the United Kingdom during the first months of 2021.
Valaris gets court approval for Chapter 11 plan, delays drillship deliveries
Valaris has obtained court approval for its Chapter 11 plan of reorganization and agreed with a shipyard to delay the delivery of two drillships.
ExxonMobil curbs spending plans, reveals path to lower-carbon future
ExxonMobil has revealed that its capital spending for 2021 will be in the $16-$19 billion range as well as plans to focus on developing technologies to reduce emissions.
Mermaid recognises three consecutive years of losses
Subsea services provider Mermaid has reported loss for the third consecutive year, this time of close to $110 million for the twelve months of 2020. This result compares with loss of some $24 million in 2019. The Singapore-listed company generated full-year 2020 revenue of $84 million, versus $108 m
Eco Wave Power eyes Nasdaq US listing
Swedish-Israeli wave energy company Eco Wave Power has confidentially submitted a draft registration statement for the proposed listing on Nasdaq US stock exchange market.
Mitsui invests in Acorn carbon capture and storage project
Japan’s Mitsui has invested in Storegga Geotechnologies, the lead developer of the Acorn carbon capture and storage (CCS) project off the UK.
DOF platform supplier to exit oil service after sale
DOF Rederi, a wholly-owned subsidiary of DOF ASA, has completed the sale of a platform supply vessel (PSV) to a Norwegian company.
Sino-Global starts accepting bitcoin as payment
The US-based company Sino-Global Shipping America revealed it will now accept Bitcoin as a form of payment for its global shipping, freight, and logistics services.
NHV helicopters to support Allseas on pipeline project
NHV Group has been awarded a new contract with Allseas to provide helicopter services in support of the Energinet Europipe II Branch Pipeline project.
BP elects new head of UK business
Peter Mather, BP’s UK head of country and senior vice president for Europe, will leave BP at the end of the year and will be replaced by Louise Kingham.
Stena scores $180 million loan for E-Flexer ferries
Swedish-based international shipping company Stena has signed a $180 million loan agreement with KfW-Bank to finance two new E-Flexer RoPax ferries. The dup forms part of a series of nine new vessels ordered by Stena from China Merchants Jinling Shipyard (Weihai). The shipyard has already delivered
Jersey Oil & Gas reveals Greater Buchan Area concept
North Sea-focused Jersey Oil & Gas has revealed its preferred development concept for the Greater Buchan Area (GBA) development located off the coast of the UK.
Seaspan adds 15,000 TEU scrubber-fitted duo to its fleet
Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp., has entered into an agreement to acquire two 15,000 TEU scrubber-fitted containerships. The company said that the 2019-built ships are on a long-term charter with a global liner company. The boxships are expected to be delivered late in