Business & Finance
Swancor Renewable Energy signs floating wind MOU in Taiwan
Swancor Renewable Energy and Taiwan’s Metal Industries Research & Development Centre (MIRDC) have signed a Memorandum of Understanding (MOU) on floating offshore wind. Under the MOU, the two parties will cooperate on advancing the deployment of floating wind technology in Taiwanese waters and suppor
Shelf Drilling gets another jack-up suspension from Saudi Aramco
Offshore drilling contractor Shelf Drilling has received a suspension notice for one of its jack-up drilling rigs.
WIND opens new cable warehouse
Dutch cable logistics company WIND has opened a new European warehouse and operational office. WIND opened the new warehouse and office last week at its cable storage yard in Velsen Noord, the Netherlands. The new warehouse will be used to store accessories and equipment for the repair of inter-arra
PXP, CNOOC discussing South China Sea work after lifting of Philippines exploration moratorium
Oil and gas company PXP Energy has started negotiations with CNOOC regarding a memorandum of understanding between Philippines and China on joint oil and gas development in the South China Sea.
Petrobras delays Parque das Baleias project to 2024
Brazilian oil major Petrobras has postponed the Parque das Baleias integrated project in the Campos basin by about one year.
GTT strengthens focus on hydrogen with Areva H2Gen acquisition
French liquefied natural gas (LNG) containment specialist, GTT, acquired Areva H2Gen, firming its commitment to the energy transition.
US gov’t allocates $220 million in grants for ports
Last week, the U.S. Department of Transportation announced the award of more than $220 million in discretionary grant funding to improve port facilities in 16 states and territories through the Maritime Administration’s (MARAD) Port Infrastructure Development Program.
European companies team up to provide MWS services for US offshore wind
UK-headquartered Charles Taylor Marine Technical Services and Denmark-based Survey Association have formed a strategic alliance to provide Marine Warranty Surveyor (MWS) services to the U.S. offshore wind sector. The new alliance highlighted its in-depth marine operations experience brought in by bo
Seaspan inks $200 million sustainability-linked loan
Hong Kong-based containership operator Seaspan Corporation has closed a $200 million sustainability-linked loan inspired by the Poseidon Principles framework. The voluntary framework developed by the banking sector aims to accelerate the implementation of the shipping sector’s green agenda in line w
Africa Energy gets shareholder approval for South African deal
Africa Energy has received approval from shareholders for a transaction which will see it increase its interest in a Total-operated block off South Africa.
Seadrill scores extension for West Vela drillship from BP
Oil major BP has awarded a new contract for Seadrill Partners’ West Vela drillship for work in the U.S. part of the Gulf of Mexico.
German shipbroker becomes ship finance boutique for offshore renewables
Hamburg-based Waterworks Offshore Services has reshuffled its business to exclusively serve the offshore renewable sector and to switch from a ship brokerage shop to a ship finance institution. “Traditionally coming from Chartering and S&P in the offshore markets, Waterworks today becomes the first
PGNiG, Aker BP expand cooperation with gas purchase deal
PGNiG Supply & Trading (PST), the international trading arm of the Polish oil and gas company PGNiG, and Aker BP have signed a contract for the sales and purchase of natural gas produced on the Norwegian Continental Shelf.
Westwood names head of energy transition
Market research provider and consultancy Westwood Global Energy Group has filled a newly-created role of head of energy transition.