Business & Finance
EnQuest to add ex-Petronas Carigali CFO to its board
UK oil and gas company EnQuest has decided to appoint Farina Khan as a non-executive director of its board with effect from 1 November 2020.
Helsinki Shipyard wins order for hybrid expedition cruise vessel
Finnish shipbuilding company Helsinki Shipyard Oy has won an order from the British cruise line Swan Hellenic for a luxury expedition cruise vessel. The order comes at a very difficult situation for the global cruise and shipbuilding industry due to the impact of COVID-19 on traveling and demand for
NYK boosts LNG carrier management capacity
Japanese shipping major Nippon Yusen Kaisha (NYK Line) has signed a deal with Total to acquire shares in the ship management company Gazocean.
Equinor CFO resigns from his role
Equinor executive vice president and chief financial officer (CFO) Lars Christian Bacher is resigning from his position with effect from 1 November 2020.
Emerson’s technology to digitally transform and support BP’s Caspian Sea project
Emerson has been awarded a $14 million contract to provide automation technologies for the new Azeri Central East offshore platform in the Caspian Sea.
HySHIP hydrogen project secures EU funding
Maritime innovation project HySHIP has been granted €8 million (about $9.4 million) in EU funding as the Norwegian government announces a strengthened focus on the development and commercialization of hydrogen as a carbon-neutral fuel.
Offshore deepwater oil production one of cheapest sources of new supply as costs reach new low, Rystad says
Oil production costs have reached a new low, making deepwater one of the cheapest sources of new supply, according to Rystad Energy.
Havyard to design Fjord1’s two new battery-powered ferries
Havyard Design & Solution AS, the subsidiary of Oslo-listed Havyard Group, has been chosen as the designer for two new battery-powered ferries to be operated by Fjord1 ASA on inner Sunnmøre, Norway. “Going forward the parties will work closely together to optimize the design for energy-efficient ope
Red numbers for PGS
PGS has seen red in the third quarter of 2020 as revenues fell close to 70 per cent. The Oslo-listed seismic player reported quarterly loss of $32.6 million, or 8 cents per share on revenues of $85 million. This result compares against profit of $31.5 million on $276.5 million revenues in the prior-
France stalls Engie’s U.S. LNG deal
Concerns over environmental implications have prompted the French government to step in and delay Engie’s LNG supply deal.
Hutchison’s acquisition of APMT Rotterdam gets green light
The Netherlands Authority for Consumer and Markets (ACM) has cleared Hutchison Ports Netherlands to acquire container terminal APM Terminals Rotterdam. The Netherlands-based terminal operator APM Terminals, a subsidiary of Maersk Group, signed a letter of intent to divest its container terminal APM
North of Tyne makes £3.5 million available to offshore wind and subsea innovators
The North of Tyne Combined Authority (NTCA) and the Offshore Renewable Energy (ORE) Catapult have launched a new £3.5 million programme for innovations in the offshore wind and subsea sectors. The Technology, Innovation and Green Growth for Offshore Renewables (TIGGOR) programme is targeting supply
Minesto shrinks interim loss
Swedish tidal energy developer Minesto has reported smaller net loss for the first nine months of fiscal year 2020 compared to the same period a year earlier.
Kapellskär, Naantali ports win EU funding to reduce emissions
Swedish Port of Kapellskär, together with Finnish Port of Naantali, has been granted EU funding to reduce, among other things, air pollutant emissions from shipping.