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Business & Finance

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Ship Financing Portal
Business & Finance

EU rolls out Ship Financing Portal to support shipping’s green transition

European Commission recently unveiled the Ship Financing Portal which provides businesses and organizations with a repository of available financial tools needed to drive fleet renewal and retrofitting, enhance efficiency, and reduce environmental impact.

about 2 years ago
Singaporean shipbuilder one year early with delivery of jack-up rig to Borr Drilling
Business & Finance

Singaporean shipbuilder one year early with delivery of jack-up rig to Borr Drilling

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Singapore’s Seatrium has delivered the fourth out of five jack-up rigs to UK-headquartered offshore drilling contractor Borr Drilling, a year ahead of the planned delivery date. Completed and delivered on an accelerated schedule, the rig named Vali is of KFELS Super B Class, capable of operating in

about 2 years ago
Hapag lloyd
Business & Finance

New eco-friendly ships help Hapag-Lloyd overcome capacity bottleneck

The addition of new environmentally friendly vessels has helped German container shipping major Hapag-Lloyd counteract the prolonged capacity bottleneck caused by geopolitical tensions.

about 2 years ago
NEOT extends charter contracts for Terntank’s vessels, adds new wind/methanol-ready vessel
Business & Finance

NEOT extends charter contracts for Terntank’s vessels, adds new wind/methanol-ready vessel

Finnish fuel supply and distribution company NEOT has extended charter contracts for six vessels owned by shipping company Terntank.

about 2 years ago
N05-A platform in the North Sea; Source: One-Dyas
Business & Finance

North Sea platform designed to run on offshore wind gearing up for first gas by year-end (Video)

ONE-Dyas is setting the stage for the final leg of its journey toward the first natural gas production at its recently installed platform in the North Sea.

about 2 years ago
Dutch dedicated cable repair and installation vessel completes first project
Business & Finance

Dutch dedicated cable repair and installation vessel completes first project

N-Sea Group’s recently launched dedicated subsea cable repair and installation vessel has completed its first cable replacement project and is carrying out another one for the same client. N-Sea and its partner Neptune Marine Service converted the anchored barge NP-459 into a dedicated cable repair

about 2 years ago
Navigator
Business & Finance

Navigator Gas enters up to $147.6 million credit deal

Navigator Gas has entered into a secured term loan and revolving credit facility with Credit Agricole Corporate and Investment Bank, ING Bank and Skandinaviska Enskilda Banken.

about 2 years ago
James Carnegie (Viper Innovations), Phil Reid (J+S Subsea) and Richard Knox (Verlume).
Business & Finance

UK-made subsea battery systems hit the water offshore Canada

Three UK companies have deployed three subsea battery-powered control systems offshore Canada that are said to maintain the integrity of the subsea electrical infrastructure when topside electrical power is unavailable.

about 2 years ago
Several vessels and rigs located next to a shipyard in a sea strait
Business & Finance

WATCH: One bridge section for Aker BP’s North Sea platform done, four more left

Nymo has completed the first of five bridge sections it is building for a North Sea project being developed by Aker BP.

about 2 years ago
UK’s largest subsea green electricity  superhighway passes funding hurdle
Business & Finance

UK’s largest subsea green electricity superhighway cleared for construction take-off

UK energy market regulator Ofgem has selected what is set to become Great Britain’s longest-ever subsea connection as the first project to proceed under its fast-track process and to receive a £3.4 billion funding package. Eastern Green Link 2 (EGL2) is the first of 26 projects to complete the fast-

about 2 years ago
Vessel anchored at a port next to an industrial complex onshore
Business & Finance

100th LNG cargo comes at one German terminal as dredging work kicks off at another

Germany’s state-owned operator Deutsche Energy Terminal (DET) has received its 100th liquefied natural gas (LNG) shipment at one of the four LNG terminals it operates in the country. Additionally, it started dredging activities in preparation for the commissioning stage of a floating storage regasif

about 2 years ago
Shell's Gulf of Mexico platform; Source: Shell
Business & Finance

Shell, BP, TotalEnergies, Eni, ExxonMobil, Chevron, and ConocoPhillips ride oil & gas demand wave, cashing in close to $32 billion in total profit

European and U.S. oil majors – the UK’s duo Shell and BP, France’s TotalEnergies, and Italy’s Eni alongside U.S.-based trio: ExxonMobil, Chevron, and ConocoPhillips – have collected a staggering $31.65 billion in combined profit during the second quarter of 2024.

22 minutes read
Dragon LNG
Business & Finance

LNG-breathing Dragon flaps its wings in welcome as Shell’s new Dutch partner comes aboard UK gas project

VTTI has joined Shell in Dragon LNG, a major import terminal for the supply of liquefied natural gas (LNG) to the United Kingdom market.

about 2 years ago
Giant Heerema vessel installs offshore wind-powered gas platform in North Sea
Business & Finance

Giant Heerema vessel installs offshore wind-powered gas platform in North Sea

Heerema Marine Contractors has completed the installation of a gas platform in the North Sea that is set to be powered by offshore wind as part of a project operated by Dutch exploration and production player ONE-Dyas. Following the discovery of the N05-A field in August 2017, ONE-Dyas secured the f

about 2 years ago