Business & Finance
Equinor finds gas and condensate in North Sea well
Equinor has discovered gas and condensate in an exploration well 30/2-5 S Atlantis, which is located near the Kvitebjørn field in the North Sea.
MingYang launches offshore wind business & engineering centre in Hamburg
MingYang has established a business and engineering centre in Hamburg, Germany, with an aim to introduce its latest offshore wind turbine products into the European market. The Chinese wind turbine manufacturer said that it was motivated by the growth of the offshore wind market in Europe, and that
North Sea exploration: Risk appetite remains despite low oil prices
The North Sea has been a cash cow for the UK and Norway contributing to their economies for over half a century.
MSC joins Smart Maritime Network
Container shipping major Mediterranean Shipping Company (MSC) has joined the Smart Maritime Network, an industry membership group focused on increasing the compatibility, standardization, and harmonization of the technology used in the shipping industry. “While a variety of digital innovations and I
GWEC launches Floating Offshore Wind Task Force
The Global Wind Energy Council (GWEC) has launched the Floating Offshore Wind Task Force with the aim to accelerate the growth of the sector. The first actions will be to define the priority markets for offshore wind, and engage with relevant local associations, policymakers and NGOs in the fishing,
DCSA rolls out standards for digital exchange of operational vessel schedules
Digital Container Shipping Association (DCSA), a non-profit group established to further digitalisation of container shipping technology standards, has published standards for the exchange of operational vessel schedules (OVS). The standards can be implemented by vessel operators, as well as their V
TSG Marine to bring COVID-19 fast screening, sanitation system offshore
Marine engineering specialists TSG Marine is working on a molecular technology to support the offshore energy sector on its exit out of the COVID-19 crisis.
PowerGlobe in search for LNG carrier to support Croatia deal
Qatar’s PowerGlobe is looking to charter an LNG carrier to support its newly booked capacity at Croatia’s first import terminal on the island of Krk. The energy arm of privately-held Optimized Holding said in a statement it plans to charter the LNG vessel for a period of ten years. PowerGlobe did no
Thai company takes 50% stake in Borkum Riffgrund 2 offshore wind project
The Thailand-based Gulf Energy Development Public Company has acquired a 50% interest in the Borkum Riffgrund 2 offshore wind farm in Germany. The company acquired 100% shares of Borkum Riffgrund 2 Investor Holding (BKR2) through its subsidiary Gulf International Holding (GIH) which entered into a s
Eni to take up $4 billion impairment hit due to lower oil price outlook
Italian oil major Eni is expecting to report impairments of around 3.5 billion euros (around $3.96 billion) as a result of a lower outlook for energy prices.
Equinor picks Odfjell rig for another phase of Sverdrup drilling
Equinor has signed a letter of intent with Odfjell Drilling for the Deepsea Atlantic rig to drill 12 wells during phase 2 of the Johan Sverdrup field development in Norway, following its work on phase 1.
Irish reveal 1 GW floating offshore wind project
Simply Blue Energy has submitted an application to the Irish Department of Housing, Local Government & Heritage to carry out site investigations for a potential floating offshore wind project off Kinsale. The Emerald project, which would use Principle Power’s WindFloat floating foundations, is expec
Ardmore turns down Hafnia’s acquisition proposal
Tanker owner and operator Ardmore Shipping Corporation has declined an acquisition proposal from Hafnia Limited, saying that the offer substantially undervalued Ardmore. Established ten years ago, Ardmore owns and operates a fleet of MR product and chemical tankers ranging from 25,000 to 50,000 dead
Klaveness Combination Carriers nets green financing for its two newbuilds
Oslo-listed Klaveness Combination Carriers ASA has secured a $60 million green loan for the financing of the seventh and eight CLEANBU vessels with delivery in 2021. The loan is linked to the company’s sustainability perfomance and is being provided by Nordea, acting as coordinator and bookruner, wi