Business & Finance
Shell boosts dividend and buybacks as profit swells
Energy major Shell increased its dividend and share buybacks following a jump in its quarterly profit driven by higher oil and gas prices.
MOL closes acquisition of Waterfront stake
Japanese shipping major Mitsui O.S.K. Lines (MOL) has concluded the acquisition of a 40 percent stake in Waterfront Shipping WFS), a subsidiary of Canadian methanol producer and supplier Methanex Corporation.
New interim CEO to lead Spirit Energy through transition
As it transitions to a new phase, Spirit Energy has made board and executive appointments, including the appointment of an interim CEO.
Equinor secures approval for Norwegian Sea project
Norway’s Ministry of Petroleum and Energy has approved a development plan from Equinor for the first phase of the Kristin Sør project.
Petrobras welcomes first FPSO to operate on Mero field off Brazil
Petrobras has revealed that the FPSO Guanabara has arrived at the Mero field, located in the Libra Block offshore Brazil.
Pilot and Triangle abandon farm-out plans and wind and solar JV
Pilot Energy and Triangle Energy have abandoned their plans under which Pilot would farm out an exploration permit off Australia to Triangle.
XOCEAN to launch commercial USV production that could create 1000+ jobs
Irish firm XOCEAN is advancing to become the first company to commercialise uncrewed surface vessels (USV) for ocean data gathering with a €1.7 million grant secured from the European Maritime and Fisheries Fund (EMFF).
Euroseas orders two more eco-friendly Feedermaxes
Greek ship owner and operator Euroseas has ordered two additional Eco design fuel-efficient containerships from South Korean shipbuilder Hyundai Mipo Dockyard (HMD).
Verlume bags €3M to accelerate energy transition growth plans
Verlume, a UK-based intelligent energy management and storage technologies specialist, has received a €3 million investment from a consortium led by Par Equity.
With 70 pct of Brazilian FPSO market already covered, Wilson Sons preparing for rise in demand
Wilson Sons anticipates an increase in the FPSO demand and already serves 70 per cent of the chartered FPSOs in the country.
NYK Line forms strategic business alliance with Power X
Japanese shipping company, Nippon Yusen Kaisha (NYK Line), has signed a memorandum of understanding with compatriot Power X, Inc. to set forth the terms of a strategic business alliance for the development and testing of Power X’s marine energy storage solutions (ESS), the Power ARK power transfer v
U.S. player closes Gulf of Mexico deal ahead of schedule
W&T Offshore has increased its Gulf of Mexico footprint following the acquisition of producing shallow-water assets in the area.
Equinor fails to find hydrocarbons in Norwegian Sea well
Equinor has failed to find hydrocarbons in the stacked Ginny/Hermine exploration prospects in the Norwegian Sea.
Harbour Energy’s CEO Europe heading out
Harbour Energy has revealed that its current CEO Europe has tendered his resignation, which becomes effective at the end of the month.