Business & Finance
Bahamas Petroleum decides to change name
London-listed oil company Bahamas Petroleum Corporation (BPC) has informed that it would continue operating under a new name.
Norwegian unions and offshore drillers going to mediation as wage talks fail
Three Norwegian unions broke off negotiations with the Norwegian Shipowners’ Association and will be heading to mediation.
Finder Energy buys two more UK North Sea licences
Finder Energy has completed the acquisition of two highly prospective UK North Sea operated licences, P2502 and P2524, from Azinor.
Basques open marine renewables demonstration call
The Basque energy agency Ente Vasco de la Energía (EVE) has launched a call for marine renewable energy demonstration projects that will be funded under the state aid program for renewable energy development.
SCF’s Green Funnel project hits 150th LNG fuelling milestone
Russia’s largest shipping company Sovcomflot (SCF Group) has performed a landmark 150th marine LNG fuelling operation for Green Funnel Aframax tankers with its partner, Hague-based oil and LNG major Shell.
WIND opens third Dutch cable storage facility
Dutch cable logistics company WIND has opened a new cable storage facility in Eemshaven, the Netherlands. The new facility is situated at the Sealane terminal in the Emmahaven, and provides open-air and warehouse storage space. According to WIND, the Eemshaven facility will be an extension of its ca
EU approves Polish € 22.5 billion offshore wind CfD scheme
The European Commission has approved Polish offshore wind Contracts for Difference (CfD) scheme, through which the country plans to support the realisation of offshore wind projects with € 22.5 billion and reach its renewable energy targets without unduly distorting competition. The CfD scheme, whic
Safety order for Equinor after two cases of possible asbestos exposure
Norwegian offshore safety watchdog has given Equinor a notice of an order after two cases of exposure to carcinogenic asbestos fibres.
Maersk Drilling boasts largest quarterly backlog addition since 2017
Maersk Drilling has added hundreds of millions to its contract backlog, its largest quarterly backlog addition since 2017.
Infranode supports Yilport Oslo’s green transition
Nordic infrastructure fund Infranode has signed an agreement with Yilport Oslo, a subsidiary of Yilport Holding, supporting Oslo Port’s effort to become the first fossil-free port in the world.
Seadrill racks up over $400 million in contracts during first quarter
Offshore drilling contractor Seadrill Limited has won over $400 million in new deals during the first quarter of 2021 bringing the company’s total backlog to $2.1 billion.
Wintershall Dea makes new discovery near Dvalin field
Oil and gas company Wintershall Dea has made a gas/condensate and oil discovery near the Dvalin field in the Norwegian Sea.
Poland to invest billions of Euros in offshore wind, green hydrogen, port development
The Polish government has allocated more than € 4 billion for offshore wind, port development, and hydrogen production and distribution in its National Reconstruction Plan (KPO). The KPO has been adopted by the Council of Ministers and submitted to the European Commission through which Poland will t
NS to digitalise Norsepower’s wind propulsion technology
Finland-based provider of auxiliary wind propulsion systems Norsepower has partnered with UK’s ship management company Newport Shipping (NS) to become wind propulsion provider within NS digital platform created for shipowners planning retrofit projects.