Business & Finance
Extinction Rebellion activists dump manure outside BP’s UK office accusing it of greenwashing & gaslighting
Extinction Rebellion activists have dumped manure in front of BP’s offices in Aberdeen as part of its protest against the fossil fuels industry.
US sanctions Chinese entities over ties with IRISL
The United States is sanctioning six Chinese entities and two individuals over business relations with Iranian shipping company IRISL and its subsidiary Hafez Darya Arya Shipping Company (HDASCO). The State Department designated IRISL and IRISL’s Shanghai-based subsidiary, E-Sail Shipping Company Lt
Euronav bags $713 million loan
Belgian tanker giant Euronav has secured a $713 million loan facility from Norwegian finance provider Nordea. The facility comprises a revolving credit facility of up to $469 million and a term loan of up to $244 million. The loan facility was signed on September 11, 2020 with the first drawdown on
PNOC, CNOOC to start South China Sea joint venture by 2021
The Philippine National Oil Company (PNOC) has agreed to start an energy exploration venture with the China National Offshore Oil Corp (CNOOC) in the South China Sea by 2021.
Equinor setting the scene for Northern Lights project with ‘first big contract’
Equinor is pushing forward with the development of the Northern Lights, a carbon capture and storage project in Norway.
Eco Wave Power hires licensing help for Portugal project
Swedish wave energy company Eco Wave Power has formed a strategic collaboration with Painhas for the licensing of its wave energy project in Portugal.
KSS Line opts for Hyundai’s smart ship solutions
Hyundai Global Services (HGS), a solutions provider firm of Hyundai Heavy Industries (HHI), has signed a contract to deliver its Smart Ship and Satellite Communications package to KSS Line’s LPG carrier fleet. The Smart Ship and Satellite Communications package is a combination of the ISS – an IoT p
Exmar settles Tango FLNG dispute with YPF
Belgium’s Exmar, the Nicolas Saverys-led shipowner, has finally settled its dispute with YPF over the Tango FLNG deal.
Saga Tankers rebrands, invests in renewables
Norwegian shipping company Saga Tankers has moved into the renewable energy sector with a new investment into a hydrogen fuel company. As part of the renewable energy strategy, the company will divest non-core assets and change its name to Saga Pure ASA. The company has appointed Bjørn Simonsen as C
Talos produces first oil from Gulf of Mexico field
Talos Energy has produced first oil and associated gas from the Bulleit field located in the U.S. Gulf of Mexico.
Stena Drilling finds more work for Stena Forth drillship. Pens deal with Intebloc
Offshore drilling contractor Stena Drilling has won a deal from Chinese oil company CNOOC for the use of one of its drillships offshore Canada. The company also started using Intebloc’s data management system.
SSE holding consultations for Arklow Bank 2 offshore wind project
SSE Renewables is holding public consultations in the South Wicklow and North Wexford areas in Ireland for the Arklow Bank Phase 2 offshore wind project. During the consultations held from 14 October to 11 November, the public will be able to provide feedback on the offshore infrastructure and onsho
Nakilat reports 23.6 per cent profit jump
Qatar’s Nakilat, the world’s largest LNG shipper, reported a 23.6 per cent jump in the third quarter of 2020.
Caspian Sunrise completes acquisition of drilling vessel
Caspian Sunrise, an oil and gas company with a focus on Kazakhstan, has completed the acquisition of the Caspian Explorer drilling vessel.