Business & Finance
China going carbon neutral: What will it mean for shipping?
In September, China’s President Xi Jinping pledged before the UN General Assembly to make China carbon neutral by 2060. This is a bold goal for the world’s largest polluter at a time when the nation is planning to develop nearly 150 gigawatts worth of coal power plants. The momentum is building for
Oil Search revenue hit by LNG contracts pricing lag
The Papua New Guinea-focused oil and gas producer and PNG LNG stakeholder, Oil Search reported a drop in revenue in the third quarter of 2019.
Pacific Orca officially ready for Hornsea Two OWF
Cadeler, formerly known as Swire Blue Ocean, is ready to send its Pacific Orca vessel in early 2021 to support foundation installation at the Hornsea Two offshore wind farm in the UK. The company has been subcontracted by DEME to deliver a vessel which will support the installation of the wind farm’
Third loss in a row for Baker Hughes
Oilfield services major Baker Hughes has booked $170 million loss in the third quarter of 2020, against $57 million profit same time last year. The bottom line took a hit due to revenue drop, asset impairments, restructuring and separation related charges. This was also the company’s third straight
PGNiG to buy Danish offshore gas from Ørsted
Danish offshore wind developer Ørsted has signed a deal to sell gas to Polish oil and gas company PGNiG under a multi-year contract.
Spanish yard set to deliver Johan Sverdrup module
Spanish yard Navantia has completed and is ready to deliver a module built for the Equinor-operated Johan Sverdrup field located offshore Norway.
Ørsted and Eversource file bid for Sunrise Wind 2 OWF in New York
Ørsted and Eversource have placed a joint bid for a new offshore wind project in New York, named Sunrise Wind 2, in the state’s second offshore wind solicitation. The developers filed multiple proposals for the project with the New York State Energy Research and Development Authority (NYSERDA) on 20
Enagás posts nine-month profit rise
Spanish LNG terminal operator Enagás reported a 4.7 per cent rise in its nine-month profit.
Global Wind Service settles in Taiwan
Global Wind Service (GWS) has established a branch in Taipei, Taiwan, to support the local offshore wind market. GWS said that having a separate branch in Taiwan is part of its growth strategy and an important step to support its partners in the growing Taiwanese offshore market. Represented by Regi
Peterson to support OneSubsea on project in Trinidad
Peterson has agreed a project logistics services contract with OneSubsea to support its work on the BP-operated Matapal project in Trinidad and Tobago.
HST buys two Gardline CTVs
The UK-based High Speed Transfers (HST) has acquired two crew transfer vessels (CTVs) from Gardline Ltd. The CTVs Marian Array and Gardian 14 have been renamed to HST Thomas and HST Grace. According to HST, they will undergo an extensive refit and upgrade works package to ensure the HST Quality is r
Former SNC-Lavalin CEO joins McDermott board
U.S. engineering and construction services company McDermott International has appointed a new member of its board of directors.
Green light to Wintershall Dea for Dvalin start-up
Norwegian authorities have issued consent to Wintershall Dea for the start-up of the Dvalin field located in the Norwegian Sea.
Maersk Drilling gets extra work for drillship in Angola
Maersk Drilling has been awarded a three-well contract from Total for the 7th generation drillship Maersk Voyager which will be employed to drill development wells in Angola’s Block 17.