Business & Finance
ORE Catapult invests in blade manufacturing facility
Offshore Renewable Energy (ORE) Catapult is investing in a prototype blade manufacturing facility at its National Renewable Energy Centre in Blyth. The Additive Manufacturing for Wind Blades project will install an advanced manufacturing cell that aims to prove technologies that can reduce blade pro
Danica: Each crew change costing up to $2,000 more amid COVID-19 impact
Individual crew changes are costing up to an additional $2,000, doubling the price since last year as a result of the COVID-19 pandemic, Danish-managed crewing specialist Danica said. The crewing agency said that the figure resulted from analysing a combination of fully allocated additional costs an
NorgesGruppen eyes local offshore wind tender
NorgesGruppen and its ASKO Fornybar have entered into a collaboration with Norseman Wind to potentially participate in the upcoming offshore wind tender in Norway. The parties are planning to develop an offshore wind farm with 1.4 GW of capacity at the Sørlige Nordsjø II area. According to NorgesGru
Höegh LNG boasts solid project pipeline amidst Q3 loss
Norway’s floating storage and regasification unit (FSRU) giant Höegh LNG posted a loss for the third quarter of 2020.
Drilling permit to Equinor for North Sea wells
The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for two wells in the North Sea off Norway.
Golden Ocean unveils major refinancing deal, returns to black in Q3
Bermuda-based dry bulk shipping company Golden Ocean has signed a loan agreement to fully refinance the $425 million credit facility which is secured by fourteen Capesize vessels.
VV: Shipbuilding orders in 2020 down by 41% YoY
Ordering of new ships in 2020 has decreased by 41 percent when compared to the same period in 2019, data from UK-based vessel valuation agency VesselsValue shows. According to a chart listing this year’s ordering patterns, a total of 532 ships have been ordered so far this year, worth a total of $26
Maersk CEO: LNG won’t play a big role for us as a transition fuel
The world’s largest container shipping company Maersk is likely to opt for a zero-emission alternative to fossil fuels rather than choosing LNG as a bridging fuel for the company’s fleet. “We don’t believe that LNG will play a big role for us as a transition fuel, because it is still a fossil fuel a
Deutsche Bahn taps RWE for more offshore wind power
Deutsche Bahn (German Rail) and RWE Supply & Trading have signed a 15-year power purchase agreement (PPA) for electricity produced at the Amrumbank West offshore wind farm. The PPA will begin in 2024 and run until 2039. The 288 MW Amrumbank West is located around 30 kilometres off the coast of Helig
Spirit hires Sparrows for crane services across Morecambe Hub assets
Sparrows Group has been awarded a five-year contract by Spirit Energy for crane maintenance and lifting services across its Morecambe Hub assets.
Hapag-Lloyd reports COVID-19 cases on two ships
German container shipping company Hapag-Lloyd reported that two of its vessels were facing delays amid COVID-19 infection cases among the crew. The two ships include CSL Manhattan, a 2005-built Panamax containership commercially controlled by Hapag, and Tsingtao Express, a 2007-built Post-Panamax co
DeepOcean to wind down cable laying and trenching units in UK
Subsea services player DeepOcean has started a restructuring process in relation to three UK subsidiaries in its Cable Laying and Trenching business (“CL&T Group”), which will enable the CL&T Group to be wound down on a solvent basis. DeepOcean 1 UK, DeepOcean Subsea Cables and Enshore Subsea have f
Norway: Oil firms ramp up 2021 investment plans
A survey by the Norwegian statistics bureau SSB has revealed that oil and gas companies in Norway have boosted investment plans in recent months.
Ithaca moves forward with plans to develop North Sea field as subsea tie-back
Ithaca Energy is moving forward with its plans to develop the Abigail field, located in the UK North Sea as a subsea tie-back.