Business & Finance
Total, Shell join UK’s floating wind centre of excellence
Total, Shell and eight offshore wind developers have joined Offshore Renewable Energy (ORE) Catapult’s national Floating Offshore Wind Centre of Excellence (FOWCoE) in the UK. The eight offshore wind developers include EDF Renewables, EDP Renewables, Equinor, ESB, Mainstream Renewable Power, Scottis
Heerema’s Sleipnir vessel getting busy after landing new installation job
Heerema Marine Contractors has been awarded a contract by HSM Offshore for the transportation and installation of Dana Petroleum’s P11-Unity platform.
Tekmar names Rossiter its CTO
Tekmar Group has appointed Steven Rossiter to the role of chief technology officer (CTO). Rossiter was the founder and managing director of Agiletek Engineering. The newly created position of CTO underlines Tekmar’s commitment to its technology-driven goals. It will draw on Rossiter’s skills in clou
GALLERY: Giant Pioneering Spirit vessel removes another Brent platform for Shell
Allseas’ heavy lift vessel Pioneering Spirit has completed its first decommissioning job of this summer, the single-lift removal of Shell’s Brent Alpha platform from the North Sea.
Spirit Energy preparing for North Sea wildcat
The Norwegian Petroleum Directorate has granted Spirit Energy a drilling permit for a wildcat well in the North Sea offshore Norway.
Cyberhawk inks five-year software deal with Shell. Becomes oil major’s global drone operator
A remotely operated aerial vehicle (ROAV) inspection and survey company Cyberhawk has secured a five-year, multimillion-dollar software contract with oil major Shell.
MPC Container Ships voices bankruptcy fears as it plots $15 million cash-raising to fight corona impact
Oslo-listed feeder owner and operator MPC Container Ships is looking to amend the terms of its $200 million bond issue and collect fresh cash in order to mitigate the negative impact from COVID-19 on the company’s liquidity. To that end, MPC Container Ships Invest B.V., the company’s wholly-owned su
New French and Japanese co-op targets floating wind projects
Japanese utility JERA, French state-owned investment company ADEME Investissement, and Ideol have teamed up to develop commercial-scale floating offshore wind projects. The parties agreed on the key terms for the establishment of an investment vehicle dedicated to the financing of the development ph
Polarcus restructures with 20% headcount reduction
Polarcus is taking further actions to streamline its business and adjust operational capacity to align with current market conditions. This follows on the $15 million cost reduction plan implemented due to the COVID-19 pandemic and oil price volatility. The company has additionally streamlined and r
Seadrill shares start trading on OTC Markets following NYSE delisting
Seadrill has transitioned to quotation on OTC Capital Markets following its delisting from the NYSE with Oslo Stock Exchange now being its primary listing.
Hafnia says another tie-up in the making while praising Diamond S-Norden consolidation move
Product tanker owner and operator Hafnia, a member of the BW Group, will soon enter a new product tanker segment with industry peers, established under the name of Hafnia Specialized, the company revealed. This business will handle tonnage below 25,000-dwt, Hafnia said, adding that more precise info
Viking Line gets DNV GL verification for COVID-19 management
Finland-based ferry company Viking Line became the first shipping company in the world to get DNV GL’s verification in accordance with its My Care methodology for infection prevention. DNV GL launched the new certification for the maritime industry aimed at facilitating industry players to resume op
Equinor gears up for pilot hole in North Sea
Equinor has received consent from the Petroleum Safety Authority (PSA) for exploration drilling in the North Sea using the Deepsea Atlantic rig.
Hunter Tankers scores $157 million for refinancing
Hunter Tankers AS, a wholly-owned subsidiary of Norwegian Hunter Group ASA, has received binding commitments for a $ 157.5 million loan facility from a syndicate of banks consisting of Danske Bank, DNB, Nordea, and SEB. The proceeds from the facility, along with available cash at hand, will be used