Business & Finance

Equinor joins other majors in slashing spending
Equinor has decided to reduce operating costs and spending to help mitigate the impact of the coronavirus outbreak and oil price downturn.

Gasum to Supply LNG-LBG Fuel Blend to Preem’s Tankers
Gasum agrees with Preem to supply the latter’s tankers with a new fuel blend consisting of LNG and LBG.

NCDOT to Dredge Sloop Channel
The Army Corps’ Wilmington District has received an application from the North Carolina Department of Transportation (NCDOT) Ferry Division seeking authorization to dredge a 2.5-mile segment of the Hatteras-Ocracoke ferry route identified as Sloop Channel. According to the applicant, the purpose of

Maersk Decom Gets New Project Manager
Maersk Decom has welcomed Marc Nordahl Heyde to the team as project manager. Heyde comes to Maersk Decom following five years in Maersk Supply Service. Throughout his career, he has worked across various regions within commercial functions. Most recently he was commercial manager in Asia, focused on

Equinor reveals plan to cut $3 billion from its spending
Norwegian oil and gas major Equinor has revealed an action plan to battle the impacts of the coronavirus and low commodity prices under which it will reduce its spending for 2020 by $3 billion.

Saltire Backs Atlantis Subsea Hub
SIMEC Atlantis Energy has been awarded a £1.5 million grant from the Scottish Government’s Saltire Tidal Energy Challenge Fund to develop a subsea tidal turbine connection hub for the next phase of development of the MeyGen tidal power array. The Saltire Tidal Energy Fund is a £10-million fund suppo

Diana’s Post-Panamax to Work for SwissMarine
Diana Shipping inks a time charter contract with SwissMarine for a Post-Panamax dry bulker.

Connecting gears of the energy transition
The energy transition is one of the greatest challenges of our time. A large part of the energy transition takes place at sea and sustainable innovations reshape the maritime sector. Our communities, the offshore, maritime and energy industry, are front runners in this change. Navingo believes that

Golar awards FLNG maintenance build and inspection job to Oceaneering
Oceaneering has been awarded a contract by Golar LNG for an FLNG vessel maintenance build, and inspection and maintenance program.

Connecting Gears of the Energy Transition
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Summing Up Results of Rosmorport
FSUE “Rosmorport” recently released a report which sums up activities and results of the company during the first two months of 2020. In the report, among other things, the company announced that they continue the work to arrange for navigation sizes in the seaports of Kavkaz, Makhachkala and Korsak

Stena Important Thwarts Pirate Attack
Pirates attempt to board Stena Important at Doula Anchorage, Cameroon.

Maersk drillship’s gig with Tullow cut short
Maersk Drilling has received a notification from Tullow Oil of early termination for convenience of the drilling contract for the drillship Maersk Venturer.

Holland America Cruise Ship Heading to Florida with 42 Ill People on Board
A Holland America Line cruise ship, with 42 ill people on board, has been turned away by ports in Chile.