Business & Finance
BPC spuds Perseverance well off Bahamas
Bahamas Petroleum Company (BPC) has started drilling its eagerly anticipated Perseverance #1 well offshore the Bahamas and using the Stena IceMAX drillship.
JMU, Imabari to launch JV firm in 2021 after all clear
Japanese shipbuilding majors Imabari Shipbuilding and Japan Marine United Corporation have received approvals from all competition authorities to move forward with the establishment of their Joint Venture company. As disclosed, the capital and business alliance and the establishment of the joint ven
Shell to write down oil and gas assets value by as much as $4.5 billion
Oil major Shell said it will write down the value of oil and gas assets by $3.5 billion to $4.5 billion following a string of impairments this year as it adjusts to a weaker outlook.
Hydrogen ship project wins Enova funding
A project to construct the world’s first zero-emission hydrogen vessels has been awarded NOK 219 million ($25 million) by the Norwegian government-owned organization Enova.
MSC calls for long-overdue crew change on bulker stuck in China
Mediterranean Shipping Company (MSC) is calling for an urgent crew change solution for the bulk carrier Anastasia, which is stuck off the coast of northern China together with dozens of ships in a waiting line near the port of Caofeidian. Many of the crew members have been at sea for several months
GMS snaps up two vessel extensions in UAE
Gulf Marine Services (GMS), a provider of self-propelled self-elevating support vessels to the offshore energy industry, has won contract extensions for two K-Class (small) vessels.
Shelf Drilling sells jack-up rig to ADNOC Drilling
Offshore drilling firm Shelf Drilling has agreed to sell a jack-up drilling rig to UAE-based ADNOC Drilling.
EnTrust Global commits to green ship finance
US alternative asset management firm EnTrust Global said it has completed fundraising for its EnTrust Global Blue Ocean Funds for investment in the global maritime industry.
Korea Shipbuilding in clover as newbuilding orders keep pouring in
South Korean shipbuilder Korea Shipbuilding & Offshore Engineering has reported a surge of orders over the past week hitting a head-spinning $2.2 billion (KRW 2.45 trillion) in value. The latest contract revealed today includes an order for four container ships. The boxships were ordered by an unnam
Dominion Energy files COP for 2.6 GW Virginia offshore wind project
Dominion Energy has submitted a Construction and Operations Plan (COP) to the U.S. Bureau of Ocean Energy Management (BOEM) for the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project. The COP includes information about the construction, operations and conceptual decommissioning plans for the wind
Shell taps Aker Solutions for work on Ormen Lange Phase 3
Norwegian engineering firm Aker Solutions has been awarded a letter of intent from oil major Shell for the Ormen Lange Phase 3 onshore project.
Weir to supply 1,800 wellhead sets and trees to PTTEP
The Dubai arm of oilfield equipment supplier Weir Oil & Gas has signed a five-year deal to supply and install 1,800 sets of wellheads and trees in the Gulf of Thailand.
MHWirth to deliver drilling equipment for Chinese drillship
Drilling solutions provider MHWirth has received an order to deliver a drilling equipment package for a Chinese drillship.
Standard Drilling finds new work for supply vessels
Standard Drilling has secured more work for its platform supply vessels. The vessel utilization for its PSVs totalled 74 per cent in October and November.