Business & Finance
Euronav Offloads Its Oldest VLCC
Euronav has disposed of VK Eddie, a 2005-built very large crude carrier (VLCC).
Cairn sells half of its interest in Nova project
Cairn Energy has entered into a farm-out agreement for the sale of a 10% interest in the Nova development offshore Norway.
Cairn Sells Interest in Nova Field Offshore Norway
Cairn has entered into a farm-out agreement for the sale of a 10% interest in the Nova development offshore Norway. ONE-Dyas Norge shall acquire 10% in the project by paying USD 59.5 million plus customary working capital adjustments on completion. Following this transaction Cairn will retain a part
Noreco names new chief financial officer
Norwegian Energy Company (Noreco) has appointed a new chief financial officer (CFO) of the company.
Greenlink Boosts Team with Two Appointments
Greenlink Interconnector has appointed two leading figures from the Irish energy and business sectors, Tim Cowhig and Johnny Shine. The appointments further strengthen the management of the company as the project moves towards key development milestones. Tim Cowhig was CEO of Element Power Ireland u
Blumenthal Ship Released after Spending 9 Days in Belgian Port
Belgian authorities detained the vessel following an inspection that revealed dozens of safety breaches and deficiencies.
UK Joins US in Strait of Hormuz Maritime Security Mission
The Royal Navy would work alongside the U.S. navy to assure safety of ships in the area.
Xodus Probes Scottish Offshore Renewables
Energy consultancy Xodus is to conduct a study which will investigate the integration of offshore renewables into localised energy systems around Scotland. The five-month offshore generation energy systems study, commissioned by Crown Estate Scotland, began last month. Xodus is partnering with Eleme
Xodus Studies Scottish Offshore Renewables Potential
Energy consultancy Xodus is to conduct a study which will investigate the integration of offshore renewables into localised energy systems around Scotland. The five-month offshore generation energy systems study, commissioned by Crown Estate Scotland, began last month. Xodus is partnering with Eleme
Hydro Group, Wenex Solutions for Ideol’s Floatgen Project
An innovative floating wind turbine utilising Hydro Group connectivity is ready for commercial applications, following site tests which saw it generate 2.2GWh of electricity and face wave heights of up to 6.2 meters during the first half of 2019. The Floatgen Vestas V80 turbine, located in the SEM-R
Providence cuts jobs and directors while waiting on Chinese loan
Providence Resources has decided to lay off all of its technical and support staff and downsize its board. The company is still waiting on the Chinese loan to cover the costs of a survey and pre-drill well consenting for the Barryroe prospect offshore Ireland.
Myth or Fact? The concept of ‘Working with Nature’
Most maritime infrastructure projects are required to undergo vigorous environmental and cultural or social impact assessments before they are given permission to proceed. These evaluations look out for evidence demonstrating avoidance, minimization or mitigation of impacts in the preparation, actua
Shell Kicks Off Pensacola Survey in North Sea
Shell has started a 3D seismic survey over the Pensacola prospect in the Southern North Sea, Cluff Natural Resources said on Monday. The survey is being conducted by Shearwater GeoServices using the Polar Empress and field operations are expected to take approximately two weeks to complete. The vess
Awilco LNG Agrees Refinancing for LNG Carrier Duo
Under the agreement, the 2013-built WilForce and WilPride would be refinanced at “favourable terms”.