Business & Finance
Amazon and Ørsted Sign Largest Offshore Wind Corporate Power Purchase Agreement in Europe
Amazon has signed a ten-year corporate power purchase agreement with Ørsted to offtake the output of 250 MW from Ørsted’s planned 900 MW Borkum Riffgrund 3 offshore wind farm in Germany. This CPPA will contribute to Amazon’s target of being 100 per cent renewable by 2030 as part of the company’s goa
Total hires Norco for work on four FPSOs off Angola
Angolan arm of French oil major Total has awarded a maintenance contract to energy storage equipment manufacturer and service provider Norco Group for work on several floating production, storage, and offloading facilities (FPSOs).
The world to run out of oil supply to meet demand unless exploration speeds up, Rystad reports
The world is on track to run out of sufficient oil supplies to meet its needs through 2050 unless exploration speeds up, Rystad Energy reveals.
Japanese shipbuilders to combine expertise in building greener vessels
Leading Japanese shipbuilders are joining forces in an initiative aimed at integrating accumulated expertise to design and build state-of-the-art ships compliant with the ever more stringent environmental regulations. The organization, named Planning and Design Center for Greener Ships, includes nin
Ocean Installer focuses on offshore wind, renames to Havfram
Norway-headquartered Ocean Installer has changed its name to Havfram, saying that the move reflects the company’s increased commitment to offshore wind. “The solid revenues derived from our oil and gas projects, as well as our broad project and engineering expertise, are now being utilised to create
Shell executives quit over green transition disagreements
Several clean energy executives have left from oil major Shell over a disagreement on how far and fast the company should move towards greener energy.
BPC faces disruption by environmental activists over Bahamas well
Environmental activists have raised concerns with a Bahamas court related to Bahamas Petroleum Company’s plans to drill the Perseverance #1 offshore well.
TFG Marine to offer marine biofuels from Q1 2021
TFG Marine, a joint venture bunker company, launched by Trafigura, Frontline Ltd, and Golden Ocean Holdings earlier this year, is planning to transition to lower carbon fuels as it marks rapid business growth. The JV was announced back in 2019, with Golden Ocean and Frontline acquiring 10 percent an
Kosmos closes farm down of exploration assets to Shell
Kosmos Energy has closed the transaction with Shell to farm down interests in Suriname, Sao Tome & Principe, and Namibia.
Life after COVID-19: Will the world as we know it change for good?
With the first lockdowns in place in March 2020, the Internet and social media were buzzing with posts and images of empty cities, and in some cities, even wild animals were pictured roaming the streets as if nature was reclaiming the world from humanity. As governments across the globe shut down th
New CFO to join Maersk Drilling in early 2021
Maersk Drilling has appointed a new Chief Financial Officer as its current CFO is planning to leave the company early next year
Go Marine vessel to support Santos drilling campaign
Go Marine has been awarded a contract by compatriot Santos for the provision of an anchor handler in support of drilling campaign off Australia.
Port of Los Angeles to bolster cybersecurity with Cyber Resilience Center
The Port of Los Angeles is about to get a Port Cyber Resilience Center (CRC) which will be designed and operated by the International Business Machines Corporation (IBM). The move is being announced on the back of the official approval of the project with IBM by the Los Angeles Board of Harbor Commi
Petrobras hires DOF anchor handler in Brazil
Norwegian offshore vessel owner DOF Group has won a contract award from the oil giant Petrobras for operations offshore Brazil.