Business & Finance
Vitol pays $45 million to Petrobras in corruption settlement
Brazilian state-run oil company Petrobras has received $44.65 million in a settlement with Swiss energy trading firm Vitol, which was implicated in a sprawling national corruption probe.
Awilco Drilling terminates rig building deal with Keppel. Wants refund
Offshore driller Awilco Drilling has terminated its offshore rig construction order with Singapore’s Keppel due to a “breach of contract“ and is seeking a refund.
Yangzijiang Shipbuilding scores 24,000 TEU boxship deal as Chinese builders seal 6 orders for world’s largest ULCVs
Chinese shipbuilder Yangzijiang Shipbuilding Group has won a contract to build two 24,000 TEU ultra large containerships, the world’s largest boxships and the largest containerships to be built by the yard. The ships, being built for an unnamed owner, will feature optimized hull designs, high-effici
Baltic Sea TSOs agree to cooperate
Transmission system operators (TSOs) of the Baltic Sea region have agreed to strengthen their cooperation for the future of offshore grid in the Baltic Sea. The aim of the Baltic Offshore Grid Initiative is to develop common planning principles for the offshore energy network, enable the considerati
Oscilla Power opens another crowdfunding round
Seattle-based wave energy developer Oscilla Power has launched additional crowdfunding campaign on MicroVentures platform to advance the construction of full-scale Triton-C wave energy system.
OMV Petrom sheds Kazakhstan fields to focus on Black Sea
Romanian oil and gas company OMV Petrom has sold its onshore oilfields in Kazakhstan to focus on its portfolio in the Black Sea region.
Cruise ships without passengers start to flock to Port of Los Angeles
Cruise ships without passengers are coming to the Port of Los Angeles in rising numbers as cruise liners turn hopes to the long-awaited resumption of cruising in the U.S. waters. The cruise ships are coming to the port to refuel and restock supplies as a prerequisite to meet federal regulations in o
Shell completes buy of three blocks off Colombia
Oil major Shell has completed a 50 per cent stake acquisition in three Colombian deepwater oil and gas blocks from Ecopetrol.
Angola chooses DP World to operate Luanda multipurpose terminal
Dubai-based port operator DP World has been chosen as the preferred bidder to start discussions with the Government of Angola for a 20-year concession and operation of the Multipurpose Terminal (MPT) at the Port of Luanda.
KrisEnergy starts up Cambodia’s first offshore oil field
KrisEnergy started producing oil from Cambodia’s first oil field in the offshore Cambodia Block A concession on 28 December 2020.
Saga Pure takes stake in blue ammonia company
Norwegian company Saga Pure, formerly known as Saga Tankers, has committed to subscribe for NOK 35 million ($4 million) in a private placement of new shares in Horisont Energi AS.
Ørsted sells half of Greater Changhua 1 offshore wind farm
A consortium comprising Caisse de dépôt et placement du Québec (CDPQ) and Taiwanese private equity fund Cathay PE are acquiring a 50 per cent ownership share in Ørsted’s 605 MW Greater Changhua 1 offshore wind farm in Taiwan for approximately TWD 75 billion (around EUR 2.2 billion). Under the agreem
PivotBuoy gets boost from European Innovation Council Accelerator
X1 Wind, which leads the PivotBuoy floating wind platform project in Spain, has been selected in the last round of funding in the pilot phase of the European Innovation Council (EIC) Accelerator. The company has been chosen for funding support together with 37 European start-ups and SMEs to receive
Talon adds three offshore licenses to UK portfolio
Australia-based Talon Petroleum has been awarded three new exploration licenses in the UK Central North Sea (UKCS).