Business & Finance
Buss Energy acquires stake in Austrian drone inspection provider
Buss Energy Group has acquired a 24.9 per cent stake in Aero Enterprise, an Austria-based provider of drone inspections for offshore and onshore wind turbines. The German company said it had already expanded its portfolio last year by purchasing two companies and that adding drone inspection service
Japan’s LNG imports drop in July
Japan’s monthly LNG imports declined last month following a slight increase in June as the Covid-19 coronavirus pandemic continues to affect demand. The world’s largest importer of LNG received 6.03 million tonnes of the fuel last month, down 11.5 percent from a year earlier and representing the six
Stohle takes over as Hoegh LNG Partners CEO
The boss of Norwegian floating LNG player Hoegh, Sveinung Stohle, will take over as chief executive for the firm’s New York-listed limited partnership as part of a management reshuffle. Under the move, Hoegh’s finance chief Havard Furu, will also become the partnership’s CFO. To remind, this follows
Beware of a good pitch: Separating the hype from substance key to successful decarbonization
The shipping industry is faced with a perfect storm. On the one hand, the pressure to decarbonize its operations and cut greenhouse gas (GHG) emissions by abandoning the use of fossil fuels is rising, promising to change shipping as we know it. On the other hand, a global pandemic is reshaping the g
DP World’s Unifeeder buys three Transworld Group businesses
Denmark-based shortsea operator Unifeeder A/S, part of Dubai-based port and terminal operator DP World, has unveiled the acquisition of three businesses of Transworld Group.
Ampelmann to provide two gangways to Shell
Dutch offshore access provider Ampelmann has signed a three-year contract with a subsidiary of oil major Shell for work in Asia Pacific.
Qatar Petroleum enters acreage offshore Angola
State-owned Qatar Petroleum has entered into a farm-in agreement with Angola’s national oil company Sonangol and French oil major Total to acquire a 30 per cent stake in Block 48 located in Angolan ultra-deep waters.
Chile gets first Australian LNG cargo
Chile has received its first cargo of liquefied natural gas from Australia, according to the energy consultancy EnergyQuest. The 173,400-cbm Sevilla Knutsen loaded the cargo at Shell’s Queensland Curtis LNG terminal in Gladstone late July. Following a 24-day voyage of over 13,500 nautical miles, the
Turan Drilling & Engineering scoops more work with BP in Azerbaijan
Turan Drilling & Engineering Company, a KCA Deutag and SOCAR AQS company, has been awarded a contract amendment to manage procurement, maintenance and warehousing activities by BP’s subsidiary in Azerbaijan.
Taiwan: MHI Vestas inks tower supply agreement with CS Wind-Chin Fong
MHI Vestas Offshore Wind has signed a purchase agreement to source wind turbine towers from CS Wind-Chin Fong for its offshore wind turbines in Taiwan. The agreement covers complete tower supply for Taiwanese offshore wind projects which will feature MHI Vestas V174 wind turbine platform. These incl
Odfjell gets 1st Chief Sustainability Officer
Norwegian shipping and tank terminal company Odfjell SE has appointed Øistein Jensen as the company’s first Chief Sustainability Officer (CSO). Jensen, currently Chief of Staff, will lead Odfjell SE’s company-wide work on environmental, social and governance matters (ESG). “Our appointment of a Chie
PTTEP inks digital transformation deal with Halliburton
Oilfield services giant Halliburton has won a deal to design and implement a series of digital transformation projects aimed at boosting production from Thailand-based PTTEP’s offshore oil fields.
Maersk defies COVID-19 impact with strong Q2 results, lifts profit outlook
A.P. Moller – Maersk managed to improve profitability across all businesses in the second quarter of 2020 despite a sharp drop in global volumes following the COVID-19 crisis. Earnings before interest, tax, depreciation, and amortisation (EBITDA) improved to $ 1.7 billion, beating initial expectatio
Lundin promotes COO to chief executive officer role
Swedish oil company Lundin Energy has named a new president and chief executive officer (CEO) effective as of 1 January 2021.