Business & Finance
Nigeria: DPR launches new search and rescue centre in Lagos
The Nigerian Department of Petroleum Resources (DPR) has launched the oil and gas search, rescue, and surveillance (SeRAS) command and control centre in Lagos.
Interview with Silverstream CEO: Increasing ship efficiency a matter of business survival
Ship owners will have to make their vessels more efficient regardless of the pathway they choose to meet the upcoming regulatory requirements on greenhouse gas (GHG) emissions in 2030 and ultimately 2050. Making vessels more efficient will be vital in ensuring owners remain competitive in the busine
Two newbuilds to join Royal Caribbean’s fleet in 2021 as cruise liner reports massive $5.8 bn loss
Odyssey of the Seas, Royal Caribbean’s second Quantum Ultra Class cruise ship, is set to join the company’s fleet by the end of the first quarter of this year. Meyer Werft floated out Odyssey of the Seas in December 2020. The ship then moored at the outfitting pier in the shipyard harbour to receive
Awilco LNG swings to profit in Q4
Norwegian LNG transportation provider Awilco LNG swung to a profit in the fourth quarter of last year.
Saipem lands $1.7 billion worth deal with Qatargas
Saipem has received a Letter of Award from Qatargas for the development of the North Field Production Sustainability Offshore Project, located off Qatar.
Hyundai Samho bags contract for VLCC trio
South Korean shipbuilder Hyundai Samho Heavy Industries, a subsidiary of Korea Shipbuilding & Offshore Engineering Co., has won a contract for the construction of three very large crude carriers (VLCCs). The order has been secured from an unnamed shipowner based in Asia with the deliveries slated fo
Masirah Oil brings third Yumna well online
Oil and gas company Masirah Oil has started production from the third development well drilled in the Yumna field located in Block 50 offshore Oman.
Enauta resumes Atlanta field production after repairs
Brazilian oil and gas company Enauta has resumed production from its Atlanta field, located off Brazil, after a nearly month-long shutdown due to repairs.
RenewableUK: Projects like Norfolk Vanguard needed to reach UK’s offshore wind target
Commenting on the UK’s High Court ruling on the Norfolk Vanguard offshore wind project, RenewableUK’s Deputy Chief Executive Melanie Onn said that such projects need to go ahead as swiftly as possible in order for the UK to achieve its goal of having 40 GW of offshore wind by 2030. New offshore wind
Brazil’s Bolsonaro moves to replace Petrobras CEO
Brazil’s President Jair Bolsonaro has moved to replace the CEO of Petrobras with a retired army general with no oil and gas experience.
QP inks deal with Vitol for LNG supply to Bangladesh
State-run Qatar Petroleum signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with Vitol.
Total hires DNV GL for services on UK North Sea assets
DNV GL has been awarded a three-year contract by Total to provide multiple services across the full portfolio of the operator’s assets in the UK North Sea.
Pavilion Energy pens LNG supply deal with Chevron
Temasek-owned Pavilion Energy has signed a six-year LNG supply deal with Chevron.
Equinor to shut down Veslefrikk field after 30 years
After more than 30 years on stream and over 400 million barrels of oil equivalent, Equinor is planning for the shutdown of the Veslefrikk field.