Business & Finance
Atlantic Shores Offshore Wind rents place from Stockton University
Atlantic Shores Offshore Wind and Stockton University have entered a sublease agreement for 180 square metres of commercial space, where the offshore wind developer will set up an Educational and Community Outreach Center to host informational events for the local community. The premises are located
MISC enters global ethane market with six-vessel purchase
MISC Berhad inks MOA with six subsidiaries of China-based Zhejiang Satellite Petrochemical for the purchase of six 98,000 cbm VLECs.
Transocean gets contract termination in UK, expects delays in drillship delivery
Transocean has received a contract termination for its semi-submersible Paul B. Loyd Jr. in the UK. Furthermore, Transocean said that the delivery of the Deepwater Atlas drillship from a Sembcorp Marine yard could be delayed.
Delfin LNG secures one-year extension from FERC
Delfin LNG, the company behind the floating export development in the Gulf of Mexico, has won a one-year extension from the US FERC. FERC staff approved Delfin LNG’s request for extension to September 28, 2021, to complete construction of the project’s onshore facilities and put them in service. The
Nakilat logs 15.5 percent profit rise
Qatar’s Nakilat, the world’s largest LNG shipper, reported a 15.5 percent rise in first-half profit as it reduced administrative costs and purchased stakes in four vessels. The Qatari LNG shipping giant posted a net profit of 550 million riyals ($151 million) compared to 476 million riyals in 2019.
Number of oil and gas wells set to hit 20-year low, Rystad says
The COVID-19 pandemic has stymied oil and gas activity, a phenomenon which has now affected the drilling market both in terms of wells drilled and in terms of related demand for drilling equipment.
Woodside’s revenues sink despite record output
Australian energy giant Woodside saw its quarterly revenues drop despite record-high output in the second quarter of 2020 affected by low oil price environment.
UK court clears way for widow of Bangladeshi ship-breaking worker to sue tanker company
The UK High Court ruled on Monday, July 13, that the widow, whose husband lost his life while dismantling a supertanker in Bangladesh in 2018, can pursue a negligence claim against Maran (UK) Limited, a British company involved in the ship’s sale. The court said that Maran (UK) arguably owed a duty
SGN working on world’s first offshore wind-powered hydrogen heating project
The UK gas network operator SGN has launched a project that will be world-first to employ a direct supply of offshore wind power to produce green hydrogen energy for heating. The project will start with heating around 300 homes in Fife, Scotland, using clean gas produced by an electrolysis plant, po
Kazakhstan player gets approval to take over Caspian Explorer drilling vessel
Caspian Sunrise has received regulatory and shareholder approvals for the acquisition of the Caspian Explorer drilling vessel.
FSG’s insolvency proceedings set to start in August as sale talks with Pella Siestas continue
The Flensburg District Court will open insolvency proceedings concerning Flensburger Schiffbau-Gesellschaft mbH (FSG) on August 1st, the company said in an update. To remind, the German cash strapped shipbuilder filed for the opening of insolvency proceedings at the local court in Flensburg in April
OKEA takes interest in Equinor’s Aurora discovery
OKEA has signed a sales and purchase agreement with Equinor for the acquisition of Equinor’s 40 per cent operated working interest in two licences offshore Norway, which include the Aurora discovery.
Laytrix appoints new project engineer
Offshore equipment business Laytrix has appointed Mateusz Majtyka as a project engineer within its Darlington based team. A recent graduate in Mechanical Engineering from Newcastle University, Mateusz previously undertook a summer placement within Laytrix developing costing analysis software for dec
Energy Transfer evaluating Lake Charles LNG EPC bids
US company Energy Transfer is in the process of evaluating bids for the engineering, procurement and construction contract on its proposed Lake Charles LNG export facility. Lake Charles LNG has received commercial bids from EPC companies in response to a commercial tender issued in December last yea