Business & Finance
Offshore helicopter traffic tumbles in 2020 but recovery in sight, Rystad says
Global demand for offshore helicopter transport to offshore facilities plunged in 2020 as a result of the Covid-19 pandemic, a Rystad Energy report shows.
Hapag-Lloyd upgrades earnings forecast amid strong market demand
German container shipping company Hapag-Lloyd has raised its earnings forecast amid better than expected business performance. For the 2020 financial year, earnings before interest, taxes, depreciation and amortisation (EBITDA) of €2.6 to 2.7 billion, from the previously announced €2.4 to 2.6 billio
Equinor inks helicopter deal, adds Vår Energi to the mix
Norwegian oil giant Equinor has awarded CHC Helicopter a contract for personnel transportation from Stavanger airport, Sola.
Oil & gas, aerospace, defence companies to boost UK offshore wind supply chain
The Offshore Wind Growth Partnership (OWGP) selected 32 UK companies working in industries such as oil and gas, aerospace and defence for its Wind Expert Support Toolkit (WEST) Pilot Programme, within which the companies will join those already involved in the renewable energy sector. The programme
MAN compressors set for Sangomar FPSO
Japan’s Modec has ordered six compressors from MAN Energy Solutions for an FPSO destined for the Woodside-operated Sangomar field offshore Senegal.
Motive snaps up Flowline Specialists
Motive Offshore has acquired subsea equipment experts Flowline Specialists for an undisclosed figure. The deal, which was finalised last week, is the latest development in Motive’s growth trajectory, bringing its headcount to approximately 200 and bolstering existing capabilities in the UK, Norway a
Yara to produce shipping fuel from CO2-free ammonia plant
Norwegian fertilizer company Yara International ASA is planning to produce green ammonia, powering emission-free shipping fuels and decarbonized food solutions. Against this backdrop, Yara will fully electrify its ammonia plant in Porsgrunn, Norway with the potential to cut 800,000 tonnes of CO2 per
OMV hires Maersk Drilling rig to drill well offshore Norway
Austrian oil and gas company OMV has hired a Maersk Drilling jack-up drilling rig to drill an exploration well offshore Norway.
Energean negotiating to take full ownership of Israeli subsidiary
Greek oil and gas company Energean has entered into an exclusivity arrangement to take full ownership of its 70 per cent-owned Israeli subsidiary.
UK launches offshore wind growth and marine protection programme
The UK Government and The Crown Estate have launched a new partnership focused on the growth of the local offshore wind sector and protecting and restoring the marine environment. The Offshore Wind Evidence and Change Programme will be led by The Crown Estate, which has committed to a five year GBP
BIMCO: Lack of capacity for green recycling of large ships persists
Lack of sufficient recycling capability among shipyards included in the EU list to dismantle large ships remains an issue, according to BIMCO, despite the EU’s efforts to expand the list of approved yards. The EU Ship Recycling Regulation requires all large sea-going vessels sailing under an EU memb
Burckhardt nabs tech order for LNG-fueled containerships
Burckhardt Compression has secured an order to supply its Laby LNG boil-off gas compressors for two 14,000 TEU LNG-fueled containerships.
DP World and P&O Ferries offer to transport COVID vaccines to UK for free
Pan-European ferry and logistics company P&O Ferries, owned by DP World, has offered to transport COVID-19 vaccines into the UK free of charge. The United Kindom has become the first Western nation to authorize the COVID-19 vaccine developed by US pharmaceutical giant Pfizer and its German partner B
Italian oil & gas major buys into world’s largest offshore wind farm
Eni has entered into agreements with Equinor and SSE Renewables to acquire 10 per cent stake in Dogger Bank A and B from each, which will lead to a shareholding setup of SSE and Equinor each owning 40 per cent and Eni holding 20 per cent in the first two phases of what will become […]