Business & Finance
Havyard, PowerCell to Develop Zero-Emissions Fuel Cell System
The system may be installed on Havila Kystruten’s new vessel that will service the route from Bergen to Kirkenes.
Sparrows scores $71 million worth of deals in UAE
Sparrows Group has doubled the size of its operations in the United Arab Emirates after securing £55 million ($71M) in contracts over the past three months.
BW LPG Agrees to Sell Its Final Large Gas Carrier Duo
Under an agreement with an undisclosed party, the company would sell the 2003-built BW Nantes and BW Nice.
US Removes Oil Tanker, Shipowner from Its Blacklist
Monsoon Navigation Corporation and Panama-flagged Ocean Elegance were sanctioned in May 2019.
No oil at Kosmos’ Moneypenny well in Gulf of Mexico
Kosmos Energy has failed to find oil at its Moneypenny prospect in the U.S. Gulf of Mexico.
GRS and COLI Join Forces for Offshore Wind in Japan
Global Renewables Shipbrokers (GRS) and COLI Schiffahrt & Transport have entered a strategic partnership that will see the two companies jointly offering services in the offshore wind market in Japan. “With COLI a competent and experienced partner in the field of break bulk and project cargo – espec
Pirates Kidnap Four Seafarers from Greek Tanker off Togo
Armed pirates have kidnapped four crew members from a Greek tanker off Lome, Togo.
Jan De Nul: Aiming for 100% Renewable Fuel
Jan De Nul Group carries out dredging work in the Benelux with 100% renewable fuel. According to the company’s latest release, the trailing suction hopper dredger (TSHD) Alexander von Humboldt will from now on sail on renewable biofuel from certified and sustainable waste streams. The choice of 100%
Cash offer ahead for Singapore’s offshore support vessel operator POSH
Quetzal Capital has announced a voluntary conditional cash offer for all of the issued and outstanding ordinary shares of Singapore’s offshore support vessel operator PACC Offshore Services Holdings (POSH).
SBT Energy Eyes Cost-Cutting Tech for Offshore Energy Sector
SBT Energy has completed a wave-tank test programme and preliminary field trials, for its buoy concepts, part of a disruptive offshore buoy and tank technology for the renewables, oil and gas and other offshore industries. SBT’s technology covers eight unmanned offshore buoy and storage tank concept
MOL Acquires Stakes in Azerbaijan’s ACG Field and BTC Pipeline
MOL has signed an agreement with Chevron Global Ventures and Chevron BTC Pipeline to acquire their non-operated E&P and mid-stream interests in Azerbaijan. The acquisition includes a 9.57% stake in the Azeri-Chirag-Gunashli (ACG) oil field, and an effective 8.9% stake in the Baku-Tbilisi-Ceyhan (BTC
Hamburg Süd Announces “Environmental Fuel” Surcharge ahead of IMO 2020
The company has calculated that it would have to pay 193,08 USD/ton more for VLSFO fuel.
Hungarian player enters BP’s ACG field in Azerbaijan
Hungarian oil and gas company MOL has signed an agreement with Chevron to acquire its non-operated E&P and midstream interests in Azerbaijan for total consideration of $1.57 billion.
IndianOil Begins LSFO Supply at Indian Ports ahead of IMO 2020
IndianOil has commenced deliveries of IMO 2020 compliant low sulphur fuel oil at Indian ports.