Business & Finance
Alfa Laval inks deals to deliver PureBallast 3 to about 40 vessels
Swedish engineering group Alfa Laval, specializing in heat transfer, centrifugal separation and fluid handling, has signed two frame agreements, running over the coming three years, for ballast water treatment systems. The company said the deals comprise firm orders to deliver Alfa Laval PureBallast
Japan’s monthly LNG imports continue to fall
Japan’s monthly liquefied natural gas imports continued to decline in May due to the effects of the Covid-19 coronavirus pandemic. Japan, the world’s largest importer of LNG, received 4.51 million tonnes of the fuel last month, down 18.9 per cent from a year earlier and representing the fifth monthl
Norden teams up with Diamond S Shipping in product tanker consolidation drive
Tanker shipping majors Norden and Diamond S Shipping Inc. have created a strategic partnership, DiaNor, that will see the two companies’ product tanker fleets consolidate. Under the arrangement, Diamond S will initially contribute 28 medium range (MR2) product tankers to the endeavour, which will be
Covid-19 crisis setting the stage for restructuring of offshore drilling market
There is a case to be made that the coronavirus crisis has been setting the stage for the restructuring of the offshore drilling market.
DOF anchor handler trio scores Petrobras deals
Norwegian vessel provider DOF has won several contracts for its fleet in Brazil from the country’s oil major Petrobras.
UK National Grid secures $743 million green loan for Viking Link
The UK National Grid has secured a green loan worth USD 743 million to finance the Viking Link interconnector project. This the first ever multi-credit export agency (ECA) covered green loan and follows the launch of the National Grid’s first green bond earlier this year, which raised EUR 500 millio
US to get offshore wind supply chain database for 20 GW by 2035
The U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), Business Network for Offshore Wind and DNV GL will jointly develop a U.S. offshore wind supply chain database that will support the development of 20 GW of offshore wind power by 2035. The project is funded by the National
Solstad Offshore secures 3-year deal for AHTS duo in Brazil
Norwegian vessel owner Solstad Offshore has won a contract for two of its anchor handling tug supply (AHTS) vessels from Brazilian oil company Petrobras.
Fulkrum takes Oceaneering’s third party inspection division
Fulkrum Technical Resources (FTR) has taken in Oceaneering’s third party inspection division – including two key members of staff. Joining Fulkrum’s team in Aberdeen are Kelly McKimmie and Mike Christie. Kelly joins FTR with nearly three decades of experience as a senior inspection coordinator and M
Van Oord plans 500 lay-offs due to COVID-19
Van Oord plans to lay off approximately 500 employees globally due to COVID-19 impacts on the business. Van Oord stated that the coronavirus situation is having a major impact on the company as it is facing a decline in turnover and deterioration in results. The Rotterdam-headquartered company estim
MOL teams up with NW Innovation on methanol shipping
Japanese shipping major Mitsui O.S.K. Lines will invest in Northwest Innovation Works, Kalama, and provide and operate purpose-built next-generation ships to serve the planned methanol facility at the Port of Kalama in southwest Washington, USA. The planned facility in Kalama, scheduled to commence
Primeline Energy insolvent after losing CNOOC arbitration
Chinese energy company Primeline Energy has lost its case against CNOOC China Limited (CCL) and its parent company, China National Offshore Oil Corporation (CNOOC), regarding the sale of gas and development of the LS36-1 offshore field.
Henrik Poulsen resigns as Ørsted CEO
Henrik Poulsen has resigned his position as CEO of Ørsted after eight years in the role. Poulsen will continue as CEO until 31 January 2021 at the latest and will be nominated for the company’s Board of Directors at the next annual general meeting (AGM) in March. “It’s been an incredible ride over t
Mubadala adds extra development well to Manora campaign
Mubadala Petroleum has added another development well to its Manora drilling campaign in the Gulf of Thailand, expanding it to four new development wells.