Business & Finance
Occidental ‘doing more than Tesla’ to reduce carbon emissions
U.S. oil company Occidental Petroleum claims that it is doing more than American electric vehicle and clean energy company Tesla to reduce greenhouse gas emissions.
MassCEC seeks feedback on potential offshore wind workforce development solicitation
The Massachusetts Clean Energy Center (MassCEC) has released a Notice of Intent for a solicitation that, if issued, would seek to fund projects dedicated to expanding the offshore wind workforce. The solicitation would work to increase the participation of underrepresented populations and/or target
Royal Caribbean sells Azamara brand, fleet
Cruise major Royal Caribbean Group has entered into a definitive agreement to sell its Azamara brand to Sycamore Partners, a New York-based private equity firm.
Ørsted takes final investment decision on green hydrogen project
Ørsted has taken a final investment decision (FID) on the H2RES green hydrogen demonstration project in Denmark and expects first hydrogen production in late 2021. The project, to be built at Avedøre Holme in Copenhagen, will comprise a 2 MW electrolysis plant with appurtenant hydrogen storage, with
FAR inks Senegal sale deal with Woodside
FAR Limited has executed a sale and purchase agreement with Woodside related to the sale of FAR’s interest in the Senegal RSSD Project.
Halliburton encouraged by activity recovery despite 4Q loss
Halliburton booked a loss in 4Q 2020. While the loss is bigger compared to 3Q 2020, it is significantly smaller in a year-over-year comparison.
Cyprus to cut annual tonnage tax for ships that reduce their environmental impact
The Cyprus Shipping Deputy Ministry (SDM) is launching a range of green incentives to reward vessels that demonstrate effective emission reductions. From the fiscal year 2021, annual tonnage tax will be reduced by up to 30% for each vessel that demonstrates proactive measures to reduce its environme
EnergyQuest: December 2020 Australian LNG exports up
Australian energy consultancy EnergyQuest expects the country’s LNG exports to jump after a strong performance in December.
Partners exit Bangladesh offshore block
Partners in the exploration block SS-11, located offshore Bangladesh, have decided to relinquish their interests in the block, according to KrisEnergy.
Third Island Offshore vessel starts operating for Lundin
Offshore vessel provider Island Offshore now has three hybrid platform supply vessels (PSVs) in service for Lundin Energy in Norway.
Three largest Polish energy companies shake hands on offshore wind
Three biggest Polish energy companies, PGE, Enea and TAURON, have signed a letter of intent on cooperation on future offshore wind projects in Poland. According to the three companies, they recognise the value of the offshore wind energy sector in developing the economy and increasing the level of e
Petrojarl Banff FPSO to be recycled at M.A.R.S.
M.A.R.S. Europe has been awarded a contract by Teekay for dismantling and recycling of the Petrojarl Banff FPSO, after 21 years of service in the North Sea.
MSC to cover costs related to Maersk Elba fire
Swiss shipping major Mediterranean Shipping Company (MSC) has decided to cover the costs associated with the fire on board the containership Maersk Elba so that the vessel operator will not declare General Average.
Norway offers 61 offshore licences to 30 companies
The Norwegian Ministry of Petroleum and Energy has offered 61 production licences on the Norwegian continental shelf in the APA 2020 to 30 companies.