Business & Finance
First new Tyra platform set to sail away from Singapore
The first new platform for the TotalEnergies-operated and delayed Tyra project, located in the Danish North Sea, is now ready to sail away.
Shell and Uniper form green hydrogen pact
Shell Gas & Power Developments B.V. and Uniper Hydrogen GmbH have signed a memorandum of understanding to explore accelerating the development of a hydrogen economy in Europe. Under the MoU, the companies intend to find joint opportunities to couple industrial and mobility demand with hydrogen suppl
ICON and IK-group team up for pipeline repair, intervention and decom
Australian ICON Engineering and Norwegian IK-Group have formed an alliance for pipeline repair, intervention, and decommissioning.
Drewry: Carrier profits close in on $100 billion
2021 will be the first year in the history of container shipping when carrier profits approach $100 billion and average freight rates jump by 50%, UK-based shipping consultancy Drewry believes. The profit surge is driven by huge operational disruptions as ports battle congestion and lack of equipmen
Neptune renews Petrofac contract on Cygnus
Oilfield services provider Petrofac has been awarded a three-year contract extension from Neptune Energy valued in the region of $14 million.
EnQuest closes acquisition of Whalsay’s Bentley field in UK North Sea
UK oil and gas company EnQuest has completed the buy of a 100 per cent equity interest in the P.1078 license containing the proven Bentley heavy-oil discovery from Whalsay Energy.
Yara moves into fuel optimization business with Lean Marine takeover
Norwegian exhaust gas production firm Yara Marine Technologies has acquired Lean Marine, a company specializing in automated fuel-saving and performance management solutions for vessels. The move is in line with the company’s expansion plans beyond scrubbers, a market that took a major plunge during
BP cheers biggest Shah Deniz milestone in 2021 after deepwater flank start-up
The BP-led Shah Deniz consortium has started production from the East South flank – the biggest milestone planned for the project this year.
Germany wins EU funding for sustainable inland shipping program
The European Commission has approved a €131 million German scheme to support “the sustainable modernization” of inland waterway fleets in Germany.
Pioneering Spirit vessel delivers Valhall jacket for decom
Allseas and its giant heavy lift vessel Pioneering Spirit have delivered Aker BP’s Valhall QP jacket to a yard in Norway for decommissioning.
Maersk Training gets three-year deal with Diamond Offshore
Maersk Training will deliver immersive simulation and crew resource management training for Diamond Offshore crews worldwide.
WATCH: Fire burns in Caspian Sea after mud volcano causes explosion near offshore fields
A massive explosion caused by a mud volcano on Sunday shook the Caspian Sea where Azerbaijan operates offshore oil and gas fields.
WES splashes £1.8M on quick connection systems for wave energy
Wave Energy Scotland (WES) has selected three companies to share nearly £1.8 million to demonstrate their quick connection systems which are expected to bring down the cost of wave energy.
Navig8 inks sale and leaseback deal for chemical tankers
Norway-listed tanker company Navig8 Chemical Tankers has entered into sale and leaseback agreements with Chinese Jiangsu Financial Leasing (JFL) for four chemical tankers.