Business & Finance
Third New VLCC Handed Over to Hunter Tankers
Hunter Group’s third new VLCC was subsequently delivered it to its new Far Eastern owner.
Serica Energy charters Maersk jack-up for Columbus drilling
Maersk Drilling has entered into a contract with Serica Energy to drill a subsea development well in the North Sea
DOF Subsea and Kværner Team Up on Hywind Tampen Marine Ops
DOF Subsea and Kværner have signed a contract to collaborate and deliver marine operations for Equinor`s Hywind Tampen Project. The contract will be executed in a 50/50 partnership (joint venture). “Hywind Tampen will be the world’s largest floating offshore wind farm and is vital for industrialisin
Repsol 3Q profit falls. Oil production rises
Spanish oil company Repsol reported a drop in 3Q 2019 profit. Net profit for the quarter was 333 million euros, a 46,7% drop from 625 million euros in 3Q 2018. Adjusted net income in the third quarter was €522 million, 11% lower year-on-year.
Shell 3Q CCS earnings dip 15%
Oil and gas giant Shell reported a 15 percent drop in the current cost of supply earnings (CCS) in the third quarter of 2019.
IMO 2020: Hapag-Lloyd Implements New Charge to Cope with Additional Costs
German shipping major is to introduce an IMO 2020 Transition Charge for short-term contracts.
Global E&C selected as construction contractor for EnQuest’s UK assets
EPC contractor Global E&C has been awarded a contract as the default construction contractor for several EnQuest’s UK offshore assets.
Equinor awards key contracts for wind project to power oil and gas platforms
Equinor has signed contracts totalling around NOK 3.3 billion for the Hywind Tampen floating offshore wind farm development. The project will supply electrical power to the nearby oil and gas platforms Gullfaks A, B, C and Snorre A and B.
Saipem and Wello in Spain WEC Project
Saipem and Wello have undertaken to work together for the successful execution of their first joint project. This will be in the framework of the memorandum of understanding signed last September regarding the deployment of WEC Penguin technology for the production of energy from marine waves. The p
HR Wallingford: Corsica Considers Results from 6km Coastline Model
HR Wallingford presented the results from a study using their largest ever physical model of a mobile bed to the Corsican authorities earlier this month. The model was built to examine the long-term impact on the nearby beach of developing a new port in Bastia. “We used the model, which represented
Solstad platform supplier to support Wintershall Dea in Norway
German oil and gas giant Wintershall Dea has awarded a medium-term contract to Solstad Offshore for support of its operations in Norway.
Navios Containers Stretches Charters for 10,000 TEU Duo through 2024
The extensions were agreed for Navios Unison and Navios Constellation at USD 27,300 per day net until May 2024.
Denmark Greenlights Nord Stream 2
The Danish Energy Agency has granted a permit to Nord Stream 2 AG to construct a section of the Nord Stream 2 natural gas pipelines on the Danish continental shelf southeast of Bornholm in the Baltic Sea. The permit is granted pursuant to the Continental Shelf Act and in accordance with Denmark’s ob
MP Caulfield Calls for Cuckmere Dredging
Polegate MP Maria Caulfield is calling on the Environment Agency to dredge the River Cuckmere – or appoint someone who will do it. Caulfield said in her latest announcement that she met with representatives of the body recently to urge them to dredge the river, but they refused. According to her sta