Business & Finance
DFDS raises outlook as it sees higher freight volumes
Despite uncertainties associated with the COVID-19 pandemic, Danish ferry and logistics company DFDS has raised its outlook for 2020 thanks to growing freight volumes.
RES, Rix Renewables enter offshore wind strategic alliance
RES and Rix Renewables have signed a strategic alliance agreement under which the two companies will jointly offer services to offshore wind industry in the UK and Ireland. RES said it partnered with RIX Renewables primarily to help deliver operation and maintenance services for the offshore wind as
Karoon gets nod from Brazilian regulator to take over Baúna field
Karoon Gas has received approval from a Brazilian regulator to take over the Baúna field offshore Brazil with completion expected at the end of the month.
EnQuest to add ex-Petronas Carigali CFO to its board
UK oil and gas company EnQuest has decided to appoint Farina Khan as a non-executive director of its board with effect from 1 November 2020.
Helsinki Shipyard wins order for hybrid expedition cruise vessel
Finnish shipbuilding company Helsinki Shipyard Oy has won an order from the British cruise line Swan Hellenic for a luxury expedition cruise vessel. The order comes at a very difficult situation for the global cruise and shipbuilding industry due to the impact of COVID-19 on traveling and demand for
BW Offshore to liquidate owner of New Zealand FPSO to prevent further losses
BW Offshore has decided to place its subsidiary which owns the FPSO Umoroa in New Zealand in liquidation to avoid further accumulation of losses following the permit operator’s insolvency.
Petronas unit secures $409 million financing
Pengerang LNG (Two), a unit of the Malaysian energy giant Petronas, has secured 1.7 billion Malaysian Ringgit ($409.2 million) of investment.
Vineyard Wind reveals New York offshore wind bid details
Vineyard Wind has submitted bids to develop its Liberty Wind offshore wind project in New York in response to the state’s second offshore wind solicitation. Iberdrola, parent company of Avangrid Renewables which is the 50% owner of Vineyard Wind, announced its participation in New York’s second offs
NYK boosts LNG carrier management capacity
Japanese shipping major Nippon Yusen Kaisha (NYK Line) has signed a deal with Total to acquire shares in the ship management company Gazocean.
Equinor CFO resigns from his role
Equinor executive vice president and chief financial officer (CFO) Lars Christian Bacher is resigning from his position with effect from 1 November 2020.
Emerson’s technology to digitally transform and support BP’s Caspian Sea project
Emerson has been awarded a $14 million contract to provide automation technologies for the new Azeri Central East offshore platform in the Caspian Sea.
HySHIP hydrogen project secures EU funding
Maritime innovation project HySHIP has been granted €8 million (about $9.4 million) in EU funding as the Norwegian government announces a strengthened focus on the development and commercialization of hydrogen as a carbon-neutral fuel.
Santos posts record production volumes, YoY revenue plunges
Australian gas producer and GLNG operator, Santos reported record production in the third quarter of 2020, edging up the sales revenue by 2 per cent.
MODEC hires GranEnergia’s flotel for Brazil campaigns
MODEC has contracted GranEnergia for the provision of its semi-submersible UMS Venus to support its offshore maintenance campaigns in Brazil.