Business & Finance
GasLog secures charter deals with NFE and Shell for its LNG carriers
International owner and operator of liquefied natural gas (LNG) carriers GasLog has entered into new time charter agreements for two of its TFDE LNG carriers. According to GasLog, the agreements were signed during the first quarter of 2023. One of the time charter agreements involves GasLog Singapor
Solstad’s largest vessel scores gig for next year
Norwegian vessel owner Solstad Offshore has received a Letter of Intent (LOI) from an undisclosed subsea contractor for the charter of the largest vessel in its fleet. Under the agreement, Solstad’s subsea construction vessel (CSV) Normand Maximus is set to begin work for the client in the first qua
TotalEnergies picks Shearwater for surveys offshore UK
French major TotalEnergies has awarded Norway’s Shearwater GeoServices with a contract to carry out surveys over its gas fields located west of Shetland, offshore the UK. Under the contract, Shearwater will carry out two 4D surveys over the Laggan, Tormore, and Edradour fields, with an option to ext
Descalzi stays Eni CEO for fourth term
The Board of Directors of the Italian energy giant Eni has appointed Claudio Descalzi as Chief Executive Officer (CEO) for his fourth term and has named the members of the board committees. In this role, Descalzi is responsible for the management of the company, with the exception of specific respon
GTT books new tank design order for LNGC duo from Hyundai Heavy
French LNG containment specialist GTT has received an order from its South Korean partner HD Hyundai Heavy Industries (HHI) for the tank design of two new LNG carriers. South Korean shipyard placed an order on behalf of a European shipowner. The order will see GTT design the tanks of the two vessels
ADNOC partners with French firm to design unmanned supply vessels
ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi-based oil company ADNOC, has signed an agreement with France’s SeaOwl for the design of unmanned remotely operated vessels (ROVs) capable of transporting vehicles, equipment and supplies to and from offs
German Govt clears Cosco’s investment in HHLA’s CTT
The German government has approved the 24.9 percent minority shareholding of the Chinese company COSCO Shipping Ports Limited (CSPL) in Container Terminal Tollerort (CTT), a subsidiary of Hamburger Hafen und Logistik AG (HHLA). HHLA is one of the largest port operators in Europe and has a strong pre
Subsea 7 reveals ‘major’ mystery win
Subsea 7 has secured what it describes as a “major” contract for a two-phase subsea development. The initial scope of work to be executed comprises the engineering, procurement, construction, and installation (EPCI) of approximately 37 kilometers of infield flowlines, 47 kilometers of control umbili
Ports of Rotterdam and Pecém bolster green hydrogen ties
A new partnership to strengthen bilateral cooperation between the Netherlands and Brazil in port-related energy projects, such as offshore wind energy and green hydrogen production, has been formed. Specifically, 27 parties operating in the ports of Rotterdam and Brazil’s Pecém signed a cooperation
RGU wins $1.5 million to establish hydrogen testing facility in Scotland
Robert Gordon University (RGU) has been awarded £1.2 million ($1.5m) of funding by the Scottish Government to establish a hydrogen testing facility at the National Subsea Centre (NSC) in Aberdeen. According to RGU, the funding comes as part of the Hydrogen Innovation Scheme, a £7 million ($8.8m) cap
Decision time: To challenge or not first rig arbitration case ruling in favour of Keppel shipyard
Awilco Drilling has made up its mind about a potential appeal of the arbitration tribunal ruling in the first arbitration case.
Tugboat turmoil: Svitzer tugs seized in Russia amid divestment struggles
Four tugs owned by Maersk affiliate Svitzer have been seized in Russia. The seizure comes as Maersk attempts to divest its towage activities and exit the Russian market entirely following Russia’s invasion of Ukraine and a wave of sanctions against the country that followed. The divestment process f
UK player adds more North Sea assets to its oil & gas portfolio
Viaro’s RockRose has wrapped up a farm-in agreement with Hartshead Resources for a stake in the Southern North Sea redevelopment project.
Skarv Shipping gets financial boost for ammonia-fueled bulker trio
Skarv Shipping Solutions, a joint venture between Grieg Edge and Peak Group AS, has received NOK 130 million ($12.3. million) in funding from Enova for the construction of three ammonia-powered short-sea bulk carriers.