Business & Finance
Eureka Shipping secures $32M loan for three ECO cement carriers
Germany’s bank KfW IPEX-Bank is providing a €29 million (about $32 million) loan for the financing of three 4,250 dwt ECO cement carrier newbuildings for Cyprus-based shipping company Eureka Shipping.
Following engine failure, Jadestone back to full output at Australian field
Following repairs, Jadestone Energy has restored full production at the Montara field, located in the Timor Sea off Australia.
Shearwater returns to Edvard Grieg, divests four seismic vessels
Shearwater GeoServices has won a contract with Lundin Energy Norway to deliver a 4D ocean bottom seismic (OBS) survey at the Edvard Grieg field. The SW Cook and SW Tasman will conduct the one-and-a-half-month project (3 vessel months) in the North Sea during the 2022 summer season using its Qseabed
Mocean Energy lands funds to build wave energy device for oil and gas sector
Scottish company Mocean Energy has secured €875,000 to accelerate the commercial roll-out of its wave energy technology and drive its adoption in offshore oil and gas sector.
U.S. and 30 IEA allies to release 60 million barrels of oil from reserves to stabilise energy markets
In response to Russia’s attack on Ukraine, the U.S. and 30 countries have committed to releasing 60 million barrels of oil from strategic reserves.
Baltic Pipe to restart paused construction as it obtains new environmental permit
The Danish Environmental Protection Agency (DEPA) has issued a new environmental permit for the Baltic Pipe project, allowing Energinet to restart construction on parts that have been on pause since spring last year. Construction on parts of the project in the eastern part of the Jutland peninsula a
Date set for Dogger Bank A export cable pre-lay survey
Survey vessel Geo Ranger is set to begin a geophysical pre-lay survey along the export cable corridor at the Dogger Bank A offshore wind project in mid-March. The activities are planned to begin on 13 March and end on approximately 18 March. They will be carried out on a continuous basis, 24 hours a
Vaalco on track for FSO deployment offshore Gabon
Vaalco’s activities offshore Gabon, which are related to field reconfiguration and replacement of an FPSO with an FSO, are still on schedule.
After BP and Equinor, Shell ditching Russian business and TotalEnergies withholding capital from new projects
Shell has joined BP and Equinor in a decision to exit Russia-related businesses following Russia’s attack on Ukraine.
Wan Hai Lines pays $680,750 for breaching anti-pollution law in California
The California Air Resources Board has reached a settlement agreement with Wan Hai Lines (USA), part of Taiwanese shipping company Wan Hai Lines, for $680,750 for violations of the Ocean-Going Vessels At-Berth Regulation.
Chevron buys Renewable Energy Group
U.S. energy major Chevron will acquire the outstanding shares of renewable fuels firm Renewable Energy Group for $3.15 billion in cash.
Dutch 2007-built offshore wind farm to undergo cable switch
Jan De Nul has awarded Correll Group with a contract for the replacement of an inter-array cable at the Princess Amalia offshore wind farm in the Netherlands. According to Correll, this is a turnkey project using the company’s termination, testing and cable pull-in services. “We are delighted to hav
Eco Wave Power enters 2022 poised for ‘rapid and material progress’
Swedish-Israeli wave energy company Eco Wave Power has released its financial report for 2021, showing a wider net loss, but also an increase in revenues when compared to a year before.
Chasing carbon capture and sequestration options in one of the largest ports in U.S.
Talos has joined forces with the U.S. Port of Corpus Christi Authority and HEP to pursue CCS opportunities at the Port of Corpus Christi.