Business & Finance
TAQA awards 5-year North Sea deal to Odfjell Drilling
TAQA has awarded Odfjell Drilling a five-year contract for the provision of platform drilling & maintenance services on its North Sea installations.
Damen continues ship lease partnership with NIBC
Damen Ship Lease and Damen Financial Services, units of Dutch shipbuilding group Damen, and local commercial bank NIBC have entered into a multi-year partnership in the field of ship leasing.
Oil demand recovery at risk over vaccination hiccups, Rystad says
Vaccination hiccups could prevent the recovery of up to 1 million bpd of oil demand in 2021, Norwegian energy intelligence company Rystad Energy has said.
U.S. warns entities involved in Nord Stream 2 to abandon work
The U.S. State Department reiterated its warning that any entity involved in Russia’s Nord Stream 2 offshore pipeline project risks U.S. sanctions.
Minesto reduces 2020 losses
Swedish marine energy developer Minesto has decreased its net loss for 2020 to SEK 17 million (€1.7 million) as opposed to the loss posted a year before.
Kinsale decommissioning preparations in full swing
PSE Kinsale Energy is preparing for the decommissioning campaign of its Kinsale area gas field located in the Celtic Sea off Ireland.
NIB signs off €134 million loan for Viking Link interconnector
The Nordic Investment Bank (NIB) has signed a 10-year loan agreement with Danish national transmission system operator Energinet to co-finance the construction of the Viking Link interconnector between the UK and Denmark.
BIMCO: Scrubber-fitted ships nearly double in 15 months
Since January 1, 2020, the number of scrubber-fitted ships has nearly doubled from 2,011 ships to 3,935 by March 1, 2021, data from BIMCO shows. Scrubbers have been a very attractive solution for meeting the IMO 2020 regulation on cutting the sulphur content in marine fuel, especially for bigger ves
Kongsberg to supply four autonomous vessels for marine ecosystem monitoring
Kongsberg Maritime has reached an agreement with Norway’s Institute of Marine Research (IMR) for the supply of four autonomous vessels that will be used for marine ecosystem monitoring.
BW Ideol starts trading on Euronext Growth Oslo
As announced recently, BW Ideol started trading on Euronext Growth Oslo today (18 March). Upon admission to trading on the stock market, BW Ideol has several shareholders, with BW Offshore controlling about 50 per cent of the shares and thus maintaining a significant influence over matters requiring
Hess offloads Denmark assets to Ineos for $150 million
Hess Corporation has entered into an agreement to sell its subsidiary Hess Denmark to Ineos E&P for a total consideration of $150 million.
Amprion hands in papers for German offshore grid links
Amprion Offshore has submitted the documents for the public planning procedure for the Exclusive Economic Zone section of the DolWin4 and BorWin4 offshore grid connection systems in Germany. The application documents contain a pre-design of the planned platforms and take into account the installatio
Vattenfall inks first power sale deal for Hollandse Kust Zuid OWF
Air Liquide has signed a long-term Power Purchase Agreement (PPA) with Vattenfall for the Hollandse Kust Zuid offshore wind farm, the first such contract for the 1.5 GW project and also the first PPA Air Liquide signed in the Netherlands. Under a 15-year agreement, Air Liquide will purchase 100 GWh
Hapag-Lloyd continues momentum after strong 2020
German container shipping giant Hapag-Lloyd saw a significant earnings surge in 2020 despite negative effects of the coronavirus pandemic.