Business & Finance
Rem Offshore finds work for one more PSV with Apache
Norwegian shipping company Rem Offshore has been awarded another contract for a platform supply vessel (PSV) from Apache in the UK North Sea.
Ørsted to fight Danish taxation of its UK offshore wind farms
The Danish Tax Agency has decided to tax Ørsted’s Walney Extension and Hornsea One offshore wind farms in the UK and the developer has now announced an appeal to this decision to the Danish Tax Appeals Agency. Namely, Ørsted received an administrative decision on 1 December for the tax years 2015 an
Petrofac hires Intoware to provide workflow software
Oilfield services provider Petrofac has signed a three-year partnership with workflow automation software provider Intoware to develop and deploy workflow automation software specifically tailored to the oil and gas industry.
Deep dive into oil and gas exploration – then, now, and ahead
What will become of oil and gas exploration efforts in the near- and longer-term following a drastic decrease in the level of oil and gas investments?
Clarksons: 27% of the order book to run on alternative fuels
Alternative fuels are gaining traction in the maritime industry amid growing regulatory pressure and currently, they account for 3.5% of the fleet, and 27% of the order book by tonnage, data from Clarksons Research shows.
Drewry: Vessel operating costs surge in 2020 amid COVID-19 impact
Vessel operating costs have risen at their fastest pace in over a decade this year, on higher insurance cover premiums and COVID-19 related expenses, UK-based shipping consultancy Drewry said. The costs are expected to moderate in subsequent years as pandemic related spend unwinds, according to Drew
Waterfront Shipping orders 8 methanol dual-fuel ships from Hyundai Mipo Dockyard
Canada-based Waterfront Shipping Company (WFS), a wholly-owned subsidiary of Methanex Corporation, has placed an order for eight new methanol dual-fuel vessels with South Korean shipbuilder Hyundai Mipo Dockyard. The vessels will add to WFS’s existing fleet of 11 methanol-fuelled ships, which have b
Sapura Drilling’s rig heads for Congo to start drilling for Total
Sapura Energy’s drilling subsidiary Sapura Drilling has sent one of its rigs on its way to Congo to start drilling work for French oil major Total.
Ørsted completes LNG business sale to Glencore
Danish renewable energy company Ørsted has completed the sale of its liquefied natural gas (LNG) business to Glencore.
ProCon Wind Energy sets up US office
ProCon Wind Energy has established an office in the U.S. dedicated to the local offshore wind sector. The office will be located at Groundworks in the Port of New Bedford, Massachusetts. “In addition to this, we are pleased to be supported by Xodus Group in the establishment of our US presence,” Pro
Seadrill Partners files for voluntary Chapter 11 protection
Offshore drilling contractor Seadrill Partners has filed voluntary petitions under Chapter 11 of the Bankruptcy Code to preserve value and to continue the operation and marketing its assets.
Novatek wraps up first ISO container LNG delivery to China
Russia’s largest independent natural gas producer and LNG operator, Novatek, completed its first trial delivery of LNG to China in ISO containers.
MHI invests in South Australia’s green hydrogen and green ammonia developer
Mitsubishi Heavy Industries has agreed to make a capital investment in green hydrogen and green ammonia projects developer in South Australia, H2U Investments.
Santos set to reach net-zero decade earlier
Australian energy major Santos has announced its new ambitious emissions reduction targets which will culminate in reaching net-zero by 2040.