Business & Finance
Chariot to add new Moroccan licence to portfolio
Oil and gas exploration company Chariot Oil & Gas has negotiated the key terms of a new licence, Rissana Offshore located in Morocco.
Siemens Gamesa commissions motion comfort monitoring tool
Siemens Gamesa has commissioned Reygar to develop an industry-first motion comfort monitoring tool capability within its monitoring and reporting platform BareFLEET. The new tool will track and analyze motion, fuel consumption and crew sickness in different cabin locations, with a focus on boosting
CNOOC puts another domestic oilfield on stream
CNOOC Limited has started production from the Penglai 25-6 oilfield area 3 project, located offshore China, ahead of schedule.
HHI to use Jotun’s Hull Skater to protect HMM’s newbuilds from biofouling
South Korean majors Hyundai Heavy Industries (HHI), which controls about 10% of the global newbuild market, and container shipping major HMM have committed to utilizing Jotun’s Hull Skating Solutions (HSS) on a series of newbuilds. The HullSkater is a remotely operated robot that stays with the vess
UK to end support for oil and gas projects overseas to tackle climate change
The UK government will end direct support for the fossil fuels energy sector overseas as it works to support the sector’s transition to low-carbon energy.
KPMG wins North Sea Wind Power Hub contract
Energinet has awarded KPMG with a contract for offshore wind market engagement support services for the North Sea Wind Power Hub (NSWPH) project. KPMG will collaborate with the market to lead, refine and structure the plan of approach for the offshore market engagement, as well as prepare and assist
Grimaldi Euromed secures $42.5 million loan to finance Eco Barcelona
Grimaldi Euromed, a subsidiary of the Grimaldi Group specializing in the maritime transport of passengers and RORO cargo, has won a €35 million ($42.5 million) loan facility from CaixaBank S.A. The loan is intended to finance the acquisition of a new Roll-on/Roll-off (Ro-Ro) vessel Eco Barcelona. Th
Vestas and MHI seal the deal
Vestas and Mitsubishi Heavy Industries (MHI) have closed the partnership agreement through which Vestas acquires MHI’s shares in the MHI Vestas Offshore Wind joint venture. As reported in October, Vestas and Mitsubishi Heavy Industries signed an agreement for Vestas to acquire MHI’s 50% stake in MHI
Equinor brings online Snorre expansion project
Norwegian energy giant Equinor started production from the Snorre Expansion Project in the North Sea off Norway on 12 December 2020.
Neptune in frame agreement with Neodrill for CAN technology
Neodrill, known for its CAN (Conductor Anchor Node) technology, has signed a frame agreement and announced its first two projects with Neptune Energy.
MODEC inks operations and maintenance deal for Sangomar FPSO
Japan’s MODEC has signed a contract with Woodside for the operations and maintenance of an FPSO vessel for the Sangomar Field Development Phase 1 project.
U.S. weekly offshore rig count flat
The number of offshore rigs in the U.S. remained unchanged over the last week, according to a Friday report by Baker Hughes.
New terminal to strengthen Gothenburg as Nordic logistics capital
The Port of Gothenburg is the largest port in the Nordic region. 30 per cent of Swedish foreign trade passes through the Port as well as half of all container traffic. The Port of Gothenburg is the only port in Sweden with the capacity to receive the world’s largest container vessels and has the bro
Premier files plans to decommission North Sea pipelines
UK oil and gas company Premier Oil has filed its draft decommissioning program for the Hunter & Rita subsea pipelines to the UK authorities.