Business & Finance
Wärtsilä wins maintenance deal for Lastco’s VLGC duo
The technology group Wärtsilä has signed 5-year Optimised Maintenance Agreements covering the main engines for two very large gas carriers (VLGC) operated by Latsco Marine Management (LMM). The contract, which became effective from September, was signed in August 2020. The two vessels, the Hellas Dy
PKN ORLEN schedules offshore wind supply chain meeting
Polish energy company PKN ORLEN is holding an online meeting with potential supply chain companies for its offshore wind farm project in the Baltic Sea. PKN Orlen, through its subsidiary Baltic Power, holds a license to build wind farms with a maximum total capacity of up to 1,200 MW at a circa 131
Woodside prevents FAR’s Sangomar deal with ONGC
Woodside has exercised its right to pre-empt the sale by FAR to ONGC Videsh of FAR’s entire participating interest in the RSSD joint venture in Senegal.
Lithuania pours € 7.5 million into preparation for first offshore wind tender
Lithuanian government has allocated € 7.5 million to prepare for its first offshore wind tender and the development of the first 700 MW of offshore wind capacity in its part of the Baltic Sea. The funds will support environmental impact assessments and other studies and surveys to be carried out fro
Methanol Institute calls for the adoption of methanol as Arctic fuel
The Methanol Institute is urging the maritime community to mitigate pollution and emissions risk in Polar regions by adopting methanol as marine fuel, and applying bunkering guidelines developed by the European Committee for Standardisation (CEN). The call is being issued on the back of IMO’s meetin
Global Petroleum to farm-out Namibian block after completing seismic interpretation
Global Petroleum has bought 2D seismic data for a license off Namibia ahead of the farm-out process, set to be launched after the seismic interpretation.
Vietnam: New wind power FIT proposed, GWEC warns of negative effects
Vietnamese Ministry of Industry and Trade has proposed new Feed-in Tariff (FIT) rates as part of the country’s plan for an extension of the FIT scheme for wind energy projects entering operation from November 2021 to December 2023. The new FIT proposal is reducing tariffs for intertidal/nearshore pr
Chevron makes leadership changes and adds new board member
U.S. oil major Chevron has made a couple of leadership changes and added a new member to its board of directors.
Sempra forms new unit to integrate LNG, renewables
San Diego-based energy company and LNG operator Sempra Energy has made changes to its structure creating a new infrastructure platform.
Eco Wave Power names new head of finance
Wave energy developer Eco Wave Power has appointed Aharon Yehuda as its new Chief Financial Officer.
Soren Toft starts his CEO role at MSC
Soren Toft started his new role as Chief Executive Officer of Mediterranean Shipping Company (MSC), the world’s second-largest container shipping firm, on December 2, 2020. He reports directly to Diego Aponte, MSC Group President, and Gianluigi Aponte, Founder and MSC Group Chairman. In his role as
Malaysia probes Aker Solutions over dealings with Petronas
Malaysia’s anti-graft agency has started investigating oil services provider Aker Solutions on suspicions of making false statements in its dealings with state-owned company Petronas.
OREAC launches 1.4 TW of offshore wind by 2050 roadmap
The Ocean Renewable Energy Action Coalition (OREAC) is calling on governments to ramp up their offshore renewable energy ambitions to achieve the coalition’s vision of 1,400 GW of offshore wind by 2050. To support the rapid, global scale-up of ocean-based clean energy, OREAC published The Power of O
Celsius charters LNG tanker trio to Cheniere
Celsius Tankers, a unit of the Copenhagen-based Celsius Shipping, has found work for its newbuild trio of ultra-eco LNG carriers.