Business & Finance
DCSA rolls out standards for digital exchange of operational vessel schedules
Digital Container Shipping Association (DCSA), a non-profit group established to further digitalisation of container shipping technology standards, has published standards for the exchange of operational vessel schedules (OVS). The standards can be implemented by vessel operators, as well as their V
TSG Marine to bring COVID-19 fast screening, sanitation system offshore
Marine engineering specialists TSG Marine is working on a molecular technology to support the offshore energy sector on its exit out of the COVID-19 crisis.
PowerGlobe in search for LNG carrier to support Croatia deal
Qatar’s PowerGlobe is looking to charter an LNG carrier to support its newly booked capacity at Croatia’s first import terminal on the island of Krk. The energy arm of privately-held Optimized Holding said in a statement it plans to charter the LNG vessel for a period of ten years. PowerGlobe did no
Thai company takes 50% stake in Borkum Riffgrund 2 offshore wind project
The Thailand-based Gulf Energy Development Public Company has acquired a 50% interest in the Borkum Riffgrund 2 offshore wind farm in Germany. The company acquired 100% shares of Borkum Riffgrund 2 Investor Holding (BKR2) through its subsidiary Gulf International Holding (GIH) which entered into a s
K Line eyes tougher targets on its decarbonization path
Japanese shipping major Kawasaki Kisen Kaisha (K Line) aims to improve its CO2 emissions efficiency by 50 percent by 2030 compared to 2008 levels, the company revealed announcing revision of its environmental vision for 2050. Achieving the target will allow the company to surpass the IMO target of a
Eni to take up $4 billion impairment hit due to lower oil price outlook
Italian oil major Eni is expecting to report impairments of around 3.5 billion euros (around $3.96 billion) as a result of a lower outlook for energy prices.
Equinor picks Odfjell rig for another phase of Sverdrup drilling
Equinor has signed a letter of intent with Odfjell Drilling for the Deepsea Atlantic rig to drill 12 wells during phase 2 of the Johan Sverdrup field development in Norway, following its work on phase 1.
Yinson reveals settlement amount for cancelled $1B FPSO deal
Malaysian FPSO provider Yinson has revealed the amount of the settlement with PetroVietnam regarding the 2019 termination of a $1 billion FPSO charter contract.
Irish reveal 1 GW floating offshore wind project
Simply Blue Energy has submitted an application to the Irish Department of Housing, Local Government & Heritage to carry out site investigations for a potential floating offshore wind project off Kinsale. The Emerald project, which would use Principle Power’s WindFloat floating foundations, is expec
Ardmore turns down Hafnia’s acquisition proposal
Tanker owner and operator Ardmore Shipping Corporation has declined an acquisition proposal from Hafnia Limited, saying that the offer substantially undervalued Ardmore. Established ten years ago, Ardmore owns and operates a fleet of MR product and chemical tankers ranging from 25,000 to 50,000 dead
Klaveness Combination Carriers nets green financing for its two newbuilds
Oslo-listed Klaveness Combination Carriers ASA has secured a $60 million green loan for the financing of the seventh and eight CLEANBU vessels with delivery in 2021. The loan is linked to the company’s sustainability perfomance and is being provided by Nordea, acting as coordinator and bookruner, wi
UK ERRV provider eyes offshore wind sector
UK company North Star has revealed that it is planning to deliver a new fleet of vessels to support the offshore wind maintenance market. North Star, which owns and operates emergency response and rescue vessels (ERRVs) in the North Sea, has also set up the North Star Renewables business. The news c
Enagas and BP partner on LNG, CNG as fuel in Spain
Enagas and a unit of BP have teamed up to promote the use of LNG and CNG as fuel for the transport sector in Spain as part of a move to reduce emissions. The collaboration deal signed on Thursday also includes the promotion of renewable gases, and entrepreneurship and innovation projects. Enagas, th
Siemens, Stadtwerke München take stake in Awel y Môr offshore wind farm
Stadtwerke München and Siemens Financial Services have joined RWE in developing the Awel y Môr offshore wind farm by acquiring a 30 per cent and 10 per cent stake in the project, respectively. RWE, which now holds 60 per cent share of the project, is leading the development of the offshore wind farm