Business & Finance
Burckhardt nabs tech order for LNG-fueled containerships
Burckhardt Compression has secured an order to supply its Laby LNG boil-off gas compressors for two 14,000 TEU LNG-fueled containerships.
US Wind appoints former Deepwater Wind head as CEO
US Wind has named Jeff Grybowski as CEO to lead the company in developing its MarWin offshore wind project off the coast of Maryland. Grybowski is the former CEO of Deepwater Wind, and under his leadership the company developed Block Island – the first offshore wind farm in the U.S. “I’m thrilled to
DP World and P&O Ferries offer to transport COVID vaccines to UK for free
Pan-European ferry and logistics company P&O Ferries, owned by DP World, has offered to transport COVID-19 vaccines into the UK free of charge. The United Kindom has become the first Western nation to authorize the COVID-19 vaccine developed by US pharmaceutical giant Pfizer and its German partner B
Italian oil & gas major buys into world’s largest offshore wind farm
Eni has entered into agreements with Equinor and SSE Renewables to acquire 10 per cent stake in Dogger Bank A and B from each, which will lead to a shareholding setup of SSE and Equinor each owning 40 per cent and Eni holding 20 per cent in the first two phases of what will become […]
Odfjell to buy Lindsay Goldberg’s stake in Korea terminal
Norwegian shipping and tank terminal company Odfjell SE has reached an agreement with Lindsay Goldberg (LG) to acquire their indirect 24.5% shareholding in Odfjell Terminals Korea (OTK) for $19 million. Following the transaction, Odfjell SE will control 50% of OTK’s shareholding alongside the long-t
Konecranes and Cargotec merger prospectus wins green light from Finnish Supervisory Authority
Finnish engineering majors Konecranes and Cargotec have won approval from the Finnish Financial Supervisory Authority for their merger prospectus. The merger was announced in October this year. The proposed combination is scheduled to be implemented as a statutory absorption merger whereby Konecrane
NPD reveals new executive team
The Norwegian Petroleum Directorate (NPD) has revealed almost its entire new set of level-two executives with ten of eleven now in place.
Chevron reveals new budget for 2021 well below prior guidance
Chevron revealed a 2021 organic capital and exploratory spending program of $14 billion and lowered its longer-term guidance.
ConocoPhillips starts production from first redevelopment of shut-in field in Norway
Oil major ConocoPhillips and its partners in the Tor Unit have started production from the Tor II project located offshore Norway.
Strategic Marine to deliver fast crew boat to Malaysian operator
trategic Marine has recently signed a sale and purchase agreement with Malaysian vessel operator Centus Marine for one 40m fast crew boat.
MITAGS makes offshore wind project simulator for Ørsted
Ørsted and the Maritime Institute of Technology & Graduate Studies (MITAGS) have formed a new three-year offshore wind partnership. With Ørsted’s support, MITAGS has created a virtual offshore wind project navigation simulator, which allows mariners to experience piloting through a commercial-scale
Lithuanian government sets stage for Klaipeda port offshore wind upgrade
On 2 December, Lithuanian government approved a draft resolution that would lead to the Port of Klaipeda being upgraded to accommodate facilities supporting offshore wind projects. The resolution will create the necessary conditions for Klaipeda State Seaport Authority to invest in port infrastructu
Carbon Trust launches offshore wind integration programme
The Carbon Trust has launched a new joint industry programme focused on optimizing the integration of offshore wind. The Integrator is a programme designed to examine the interplay between offshore wind, existing infrastructure, and other technologies and developments to highlight opportunities for
Pacific Basin to offset carbon emissions
Hong Kong-based dry bulk shipping company Pacific Basin Shipping Limited has pledged to offset all carbon emissions from its global shore-side operations starting in 2020. These will include all office activities, commuting and business and crew travel. To this end, Pacific Basin has partnered with