Business & Finance
Euronav confirms CMB sought to quash tie-up with Frontline
Belgium-based tanker shipping giant Euronav informed earlier today that it has received a letter from its biggest shareholder Compagnie Maritime Belge (CMB) seeking termination of the company’s tie-up with Frontline. The letter was addressed to Euronav’s Supervisory Board, following the publication
UK outlines fifth contracts for difference structure and launches consultation for next
UK’s BEIS has published key documents relating to the pot structure and administrative strike prices for renewable energy projects in the fifth round of contracts for difference (CfD), while also launching the consultation that will shape the next ones.
Poseidon Principles: 7 out of 28 banks in line with IMO’s GHG reduction target
Out of the 28 financial institutions reporting their emissions data in the third edition of the Poseidon Principles Annual Disclosure Report 2022, seven banks are aligned with the IMO’s ambition of halving shipping’s GHG emissions by 2050. The Poseidon Principles are a global framework for assessing
Equinor gets assignment to handle nonconformities on Johan Castberg FPSO
Norwegian regulator has carried out an audit of Equinor and its completion of electrical facilities on the Johan Castberg FPSO.
BP hires Noble rig for North Sea work
Noble Corporation has secured a long-term contract for one of its jack-up rigs with BP for operations in the UK sector of the North Sea.
Proman Stena Bulk rounds off 2022 with 4th methanol-powered tanker
Proman Stena Bulk, the joint venture between tanker company Stena Bulk and methanol producer Proman, has taken delivery of its fourth methanol-fuelled tanker, Stena Prosperous. The 49,990 DWT vessel was built by Guangzhou Shipyard International Co Ltd (GSI) and will now enter commercial operation ru
More time for Floatel unit on Equinor’s North Sea field
Norwegian regulator has given Equinor consent to continue using one of Floatel’s semi-submersible support vessels in the North Sea.
Green light for Equinor to deploy well intervention vessel off Norway
Equinor has received consent from Norway’s regulator to use of one of Island Offshore’s MOUs for light well intervention work in Norway.
CGG secures multi-client OBN reprocessing work
CGG has made an agreement with Carbon Transition’s subsidiary Axxis Multi Client to reprocess the Utsira ocean bottom node (OBN) seismic survey in the Norwegian North Sea.
‘First massive piece’ of BP’s Azeri project puzzle done, as jacket gets ready for sailaway – gallery
BP has completed the jacket for the ACE platform, which is now ready for load-out to sail away to its final destination in the Caspian Sea.
Volstad Maritime selects NES for Grand Canyon II vessel upgrade
Volstad Maritime has hired Norwegian Electric Systems AS (NES), a subsidiary of HAV Group, to deliver the battery pack and associated control system for battery charging for its Grand Canyon II offshore construction vessel.
Stolt Tankers: CII is causing headaches for chemical tankers
Norwegian shipping company Stolt–Nielsen Limited has joined the critics of the International Maritime Organization’s (IMO) Carbon Intensity Indicator (CII), which comes into force in January 2023. The company explained why the CII is causing headaches for the chemical tanker segment and may even pro
More work lined up for semi-sub rig in Norway
Oil and gas company Neptune Energy has extended a contract for the use of a semi-submersible drilling rig in Norway.
Rig moves to fourth well in Black Sea drilling campaign
Trillion Energy has spudded the fourth well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.