Business & Finance
End of role for MMH CEO
MMH Malta, a port facility and provider of services for offshore drilling rigs, has revealed that its CEO has come to an end of his role in the company.
Hapag-Lloyd CEO: Charter ship market is basically sold out
The unexpected demand recovery in the container shipping sector driven primarily by the US-based demand surge has seen the charter market depleted of available capacity. Furthermore, the demand upturn has lead to increasing delays and heavy port congestion. impacting schedule reliability. “Labor sho
Saipem wins € 460 million offshore wind contract in France
Saipem has been awarded a € 460 million contract by Eoliennes Offshore du Calvados (EODC) for the delivery of wind turbine foundations for the Courseulles-sur-Mer offshore wind farm in France. The contract, subject to EODC making a positive final investment decision, covers the design, construction
Capital Product Partners grows fleet with Panamax trio
Greece-based shipowner Capital Product Partners L.P.(CPLP) has decided to acquire three 5,100 TEU sister container vessels from Capital Maritime & Trading Corp.
NHV helicopters to support Neptune in North Sea
NHV Group has won a new long-term contract with Neptune Energy in support of its Seagull field development located in the UK Central North Sea.
BP officially enters offshore wind
BP and Equinor have closed the transaction for BP’s acquisition of a 50 per cent interest in the Empire Wind and Beacon Wind projects off the U.S. east coast. The closing of the transaction marks BP’s official entry into offshore wind. “We see significant opportunities by rapidly growing bp’s offsho
Awilco Drilling CEO quits as ‘prerequisites change’
Awilco Drilling has informed that its CEO, Jens Berge, has decided to leave the company with effect from 1 February to pursue other opportunities.
‘We are not where we need to be’ regarding safety, Equinor CEO says
Although Equinor experienced several serious incidents throughout the year, it was able to achieve a reduction in the number of serious incidents and personal injuries in 2020 compared to the previous year.
Masirah starts production from second Yumna well
Oil and gas company Masirah Oil has started production from the second development well drilled in the Yumna field, which is located offshore Oman.
Melbana progressing with Beehive farm-out talks
Oil and gas company Melbana Energy has revealed that there are several interested parties in taking a stake in the company’s WA-488-P license offshore Australia which contains the Beehive prospect.
Seadrill closer to Chapter 11 as agreement with creditors expires
Forbearance agreements entered into by offshore drilling contractor Seadrill Limited with certain creditors in respect of the group’s senior secured credit facility agreements have now expired.
Chevron books $665 million loss as revenues sink
Chevron managed to cut its losses in the fourth quarter of 2020 compared to the same period in 2019 despite a significant decrease in revenues.
Northland Power joins 1.2 GW offshore wind project in Poland
Canadian energy company Northland Power and Poland’s PKN ORLEN have entered into an agreement under which Northland Power will acquire a 49 per cent stake in the 1.2 GW Baltic Power offshore wind project in Poland. Northland expects to invest approximately PLN 290 million (€ 64 million) in the Balti
BP’s Argos platform floated onto Boskalis vessel for transport
BP’s Argos platform, built for the Mad Dog 2 project in the Gulf of Mexico, has been loaded onto a Boskalis vessel for transport to the U.S.