Business & Finance
Noble Energy defers Colombian well plans and Maersk drillship contract
Noble Energy has changed its contract for a Maersk Drilling-owned drillship following a decision not to drill a well off Colombia this year.
NorgesGruppen eyes local offshore wind tender
NorgesGruppen and its ASKO Fornybar have entered into a collaboration with Norseman Wind to potentially participate in the upcoming offshore wind tender in Norway. The parties are planning to develop an offshore wind farm with 1.4 GW of capacity at the Sørlige Nordsjø II area. According to NorgesGru
Höegh LNG boasts solid project pipeline amidst Q3 loss
Norway’s floating storage and regasification unit (FSRU) giant Höegh LNG posted a loss for the third quarter of 2020.
Total discusses oilfield investment expansion in Libya
French oil major Total has discussed increasing energy investment in Libya where oil output has surged in the past two months following a truce in the country’s civil war.
Crane vessel CIMC Gretha heads back home to China
CIMC Gretha, a semi-submersible crane vessel (SSCV) managed by CIMC Raffles, set sail from Curacao to Yantai, China on 1 1 November 2020.
PetroNor adds Guinea Bissau blocks to portfolio
PetroNor has added a high potential acreage offshore Guinea Bissau to its portfolio following a purchase of SPE Guinea Bissau AB.
Drilling permit to Equinor for North Sea wells
The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for two wells in the North Sea off Norway.
Golden Ocean unveils major refinancing deal, returns to black in Q3
Bermuda-based dry bulk shipping company Golden Ocean has signed a loan agreement to fully refinance the $425 million credit facility which is secured by fourteen Capesize vessels.
VV: Shipbuilding orders in 2020 down by 41% YoY
Ordering of new ships in 2020 has decreased by 41 percent when compared to the same period in 2019, data from UK-based vessel valuation agency VesselsValue shows. According to a chart listing this year’s ordering patterns, a total of 532 ships have been ordered so far this year, worth a total of $26
Maersk CEO: LNG won’t play a big role for us as a transition fuel
The world’s largest container shipping company Maersk is likely to opt for a zero-emission alternative to fossil fuels rather than choosing LNG as a bridging fuel for the company’s fleet. “We don’t believe that LNG will play a big role for us as a transition fuel, because it is still a fossil fuel a
Deutsche Bahn taps RWE for more offshore wind power
Deutsche Bahn (German Rail) and RWE Supply & Trading have signed a 15-year power purchase agreement (PPA) for electricity produced at the Amrumbank West offshore wind farm. The PPA will begin in 2024 and run until 2039. The 288 MW Amrumbank West is located around 30 kilometres off the coast of Helig
Spirit hires Sparrows for crane services across Morecambe Hub assets
Sparrows Group has been awarded a five-year contract by Spirit Energy for crane maintenance and lifting services across its Morecambe Hub assets.
California State Lands Commission reviewing two floating wind applications
The California State Lands Commission is reviewing two floating offshore wind applications for the use of land for demonstration projects in the Pacific Ocean. This concerns the construction, operation, maintenance, and decommissioning of two projects that would be located in state waters off the co
Hapag-Lloyd reports COVID-19 cases on two ships
German container shipping company Hapag-Lloyd reported that two of its vessels were facing delays amid COVID-19 infection cases among the crew. The two ships include CSL Manhattan, a 2005-built Panamax containership commercially controlled by Hapag, and Tsingtao Express, a 2007-built Post-Panamax co