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Business & Finance

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MSC Lorena
Business & Finance

Bomb scare diverts MSC Lorena from Antwerp

A criminal investigation is underway regarding a bomb threat on board a containership identified as MSC Lorena, the Dutch police confirmed. The vessel was diverted from the Port of Antwerp following a threatening phone call saying that a bomb would explode if the ship docked in the port, according t

about 3 years ago
Switching station for Shetland HVDC link taking final shape
Business & Finance

Switching station for Shetland HVDC link taking final shape (Video)

The construction of the main building exterior of the new switching station for the Shetland HVDC Link has been completed. The next step includes Hitachi Energy installing its equipment. The Noss Head Switching Station will house the electrical components used in the Shetland HVDC link, which will a

about 3 years ago
tanker
Business & Finance

Nordic Shipholding’s voluntary liquidation set in motion

Denmark-based shipowner Nordic Shipholding is moving forward with a voluntary liquidation process. The company informed earlier today that following an extraordinary general meeting held on December 23, the board of directors passed a proposal to liquidate the company by voluntary solvent liquidatio

about 3 years ago
Petrobras completes sale of Papa-Terra field
Business & Finance

Petrobras completes sale of Papa-Terra field

Brazil’s oil and gas giant Petrobras has concluded the sale of the totality of its stake in the Papa-Terra production field located in the Campos Basin to 3R Petroleum Offshore. With this, 3R Offshore assumes the condition of operator of the field with a 62.5 per cent stake, in partnership with Nova

about 3 years ago
Germany allocates €62 million for construction of three LNG bunkering ships
Business & Finance

Germany allocates €62 million for construction of three LNG bunkering ships

Germany’s Federal Ministry of Economics and Climate Protection (BMWK) has decided to fund the construction of three LNG bunkering ships with a total of around €62 million. The three ships, each with a capacity of 4,500 cubic metres, will be constructed by shipbuilder Flensburger Schiffbau-Gesellscha

about 3 years ago
PTTEP makes 'sweet gas discovery' in Malaysian waters
Business & Finance

‘Sweet’ gas discovery for PTTEP in Malaysian waters

Thailand’s national oil and gas company PTT Exploration and Production (PTTEP) has made another gas discovery at Block SK410B offshore Malaysia. PTTEP’s subsidiary PTTEP HK Offshore (PTTEP HKO) began the drilling of the Paprika-1 wildcat well in Block SK410B in July. The well was drilled to a total

about 3 years ago
BP secures 20-year production sharing contract extension for Indonesian LNG project
Business & Finance

BP secures 20-year production sharing contract extension for Indonesian LNG project

UK-based energy giant BP and the Government of Indonesia have concluded a 20-year extension of the Tangguh production sharing contract (Tangguh PSC), enabling BP to further develop the largest gas-producing field in Indonesia. On 23 December, BP announced that the Indonesian government granted the e

about 3 years ago
Minimum 200 days of work for Normand Maximus next year
Business & Finance

Minimum 200 days of work for Normand Maximus next year

Solstad Offshore has received Letters of Award from subsea contractors for the construction support vessel (CSV) Normand Maximus that combined have a duration of minimum 200 days. The Norwegian company reported on 23 December that Normand Maximus had received Letters of Award from various undisclose

about 3 years ago
Minesto's Dragon 4 tidal energy device (Courtesy of Minesto)
Business & Finance

Minesto sets up O&M hub with port access for large-scale tidal power buildout

Swedish tidal energy company Minesto has signed a long-term lease agreement for strategic port access and onshore operations and maintenance (O&M) work site in the Faroe Islands.

about 3 years ago
Seadrill to buy Aquadrill for $958 million
Business & Finance

Seadrill enters $958 million deal to acquire Aquadrill

Offshore drilling contractor Seadrill has entered into an agreement to acquire Aquadrill, formerly known as Seadrill Partners, in an all-stock transaction that values the UK firm at $958 million. Following completion, Seadrill shareholders and Aquadrill unitholders will respectively own 62 per cent

about 3 years ago
Transitus partners with Proteum to produce hydrogen
Business & Finance

Transitus partners with Proteum to produce hydrogen

Proteum Energy and Transitus Energy have signed a Letter of Intent (LOI) to explore joint development opportunities in the UK, Netherlands, Republic of Ireland, and Norway to produce low-carbon hydrogen. The parties intend on producing hydrogen from North Sea natural gas resources. Transitus said th

about 3 years ago
Shelf Drilling to keep jack-up rigs busy in 2023
Business & Finance

Shelf Drilling to keep jack-up rigs busy in Q2 2023

UAE-based Shelf Drilling has secured three-year contracts for two of its jack-up rigs for work offshore India, as well as a one-year contract for a rig to operate off the coast of Nigeria. Shelf Drilling reported that Compact Driller and Key Singapore had been appointed for operations in Mumbai High

about 3 years ago
Raven and Chart Industries team up on hydrogen and carbon capture
Business & Finance

Raven and Chart Industries team up on hydrogen and carbon capture

A renewable fuels company Raven SR and a manufacturer of engineered equipment Chart Industries have signed a memorandum of understanding (MoU) to collaborate globally on the liquefaction, storage, and transportation of hydrogen as well as pure carbon dioxide produced from Raven SR’s non-combustion S

about 3 years ago
Vår Energi makes 'largest discovery of the year' in Barents Sea
Business & Finance

Vår Energi makes ‘largest discovery of the year’ in Barents Sea

Norwegian oil and gas company Vår Energi has made what is said is the “largest discovery of the year” in the Goliat area in the Barents Sea offshore Norway. Vår Energi confirmed on 23 December the discovery of gas in its operated 7122/9-1 T2 Lupa well. Preliminary estimates of the size of the discov

about 3 years ago
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