Business & Finance
Taiwan to become second largest APAC offshore wind market
By 2035, Taiwan will become the largest offshore wind market in the Asia-Pacific (APAC) region after China, with 15 GW of capacity estimated to be added by that time, according to GlobalData. “Taiwan offshore wind market is poised to witness multifold expansion to reduce its reliance on fossil fuel
Equinor in first-ever drone transport to offshore field
Norwegian oil and gas company Equinor has completed a logistics operation with a drone to an offshore installation in the North Sea offshore Norway.
Sif posts H1 2020 results, reports exclusive talks for two offshore wind projects
The Netherlands-based foundation manufacturer Sif Group is in exclusive negotiations for two new projects in the offshore wind sector. The company left the project names and other details undisclosed, however, it said one of them is in Europe, more specifically in the North Sea. For the European pro
Navigant wins North Sea Wind Power Hub contract
Navigant Netherlands has secured a contract to provide assistance in structured discussions with policymakers to realize the North Sea Wind Power Hub (NSWPH). The Dutch company will provide support services to assist in structuring, initiation, and management of structured discussions with policymak
Gulf of Mexico operators returning to assets evacuated due to Hurricane Laura
Oil and gas operators in the U.S. Gulf of Mexico are slowly returning to their offshore facilities following an evacuation due to Hurricane Laura.
Tekmar adds two new management team members
Tekmar Energy, a Tekmar Group company, has appointed Marc Bell as director of Operations and Leanne Wilkinson as finance director. Marc is an industry professional with over 20 years technical and operational management experience. Marc previously held positions as director of Operations with JDR Ca
Hafnia reports best-ever quarterly results, invests in methanol project
Denmark-based shipping company Hafnia has posted a net profit of $97.7 million for the second quarter of the year, claiming the best quarterly result in the company’s history despite uncertainties caused by COVID-19. The company’s net profit for the first six months amounted to $ 174.8 million with
Frontline boasts $200 million Q2 profit, lands major financing deals
Tanker shipping company Frontline booked a net income of $365 million for the first half of 2020, the strongest first half in more than 10 years, cashing in on strong quarterly earnings. For the second quarter, the Norwegian shipowner reported a net income of $199.7 million amid higher charter rates
Total spuds highly anticipated South African well
French oil major Total has started drilling the Luiperd-1X well, the second exploration well on Block 11B/12B offshore South Africa.
Total taps Shearwater for survey over Mauritania blocks
Shearwater GeoServices has received an award for a large towed streamer 3D acquisition and fast track processing project by Total in Mauritania.
Awilco LNG posts second-quarter loss
Norwegian LNG transportation provider Awilco reported a net loss for the second quarter of 2020 as the COVID-19 pandemic impacted global economic activity and energy demand.
Former Schlumberger boss joins McDermott board
McDermott has informed that Andrew F. Gould, former Chairman and CEO of Schlumberger, has joined its board of directors.
Sovcomflot’s profit rockets
Russia’s largest shipping company Sovcomflot logged a 149 percent rise in first-half net profit on the back of a strong term contracts portfolio. Sovcomflot reported a net profit of $226.4 million in the January-June period, compared to $91 million a year ago. Revenue increased by 19.8 per cent year
US weekly LNG exports drop to 7 cargoes
US LNG exports dropped to seven cargoes in the week ending August 26 with feed gas deliveries to liquefaction plants also down to 4.2 billion cubic feet. LNG exports are still very low compared to pre-Covid levels and a feed gas of 8 Bcf/d recorded in January. The Energy Information Agency agency sa