Business & Finance
Shell goes ahead with seismic survey off South Africa but faces new court hearing
Shell has kicked off its controversial seismic survey activities off South Africa despite growing opposition from environmentalists.
Drilling costs swell for Guyana exploration well
Drilling costs for an exploration well located off Guyana are expected to increase as drilling operations are taking longer than expected.
Nova Innovation ups tidal power tempo with €2.5M EIC grant
Scottish tidal energy company Nova Innovation has secured €2.5 million to build an upscaled tidal energy turbine, expected to further slash the cost of tidal power.
DNV expects oil & gas capex to shrink and offshore wind growth to trigger race for ocean space
An unprecedented race for ocean space is on the horizon driven by the exponential growth of offshore wind power. It is expected that by 2050 offshore wind will overtake the oil and gas sector and receive the largest investments in the Blue Economy while the oil and gas industry will shrink to only 2
Gunvor ties up $1.13 billion LNG facility
Swiss commodity trader Gunvor Group has signed a $1.13 billion syndicated borrowing base facility to support the working capital needs of the company’s LNG activities globally.
PetroNor names interim replacement after authorities detain CEO on suspicion of criminal offence
PetroNor has appointed an interim CEO, after Økokrim detained its CEO, Knut Søvold, on suspicion of a criminal offence.
Talos elects ex-Noble exec to lead carbon capture and storage business
Houston-based Talos Energy has elected a former Noble Energy executive to lead its carbon capture and sequestration business.
BEST sets sights on becoming greenest container terminal in Mediterranean
Hutchison Ports BEST, a semi-automated terminal, aims to become the greenest container terminal in the Mediterranean with 100% electricity coming from renewable sources starting from 2022.
Leonardo da Vinci sports Miros WaveSystem technology
Norwegian sea-state monitoring firm Miros has installed its WaveSystem IoT dry-sensor onboard Prysmian’s cable-laying vessel Leonardo da Vinci.
ICTSI investing in terminal expansion in Mexico
Contencon Manzanillo (CMSA), a subsidiary of Manila-based International Container Terminal Services, Inc. (ICTSI), is investing $230 million to expand the Second Specialized Container Terminal at the Port of Manzanillo in Colima, Mexico.
Five players chasing carbon storage areas offshore Norway
Norway’s government has received applications from five companies for two areas associated with the injection and storage of CO2.
Seaspan closes $838M loan for 8 new containerships
Hong Kong-based containership owner and operator Seaspan Corporation, part of Atlas Corp., has completed an export credit agency- (ECA) backed $838 million financing.
Golar to separate its 8 TFDE LNG carriers into CoolCo
Bermuda-based LNG shipper Golar has entered into a pre-commitment agreement for the newly-formed firm Cool Company (CoolCo) to acquire its eight TFDE LNG carriers.
AqualisBraemar LOC takes the reigns at Innosea
AqualisBraemar LOC Group has taken the full ownership of engineering, design and R&D consulting firm specialising in marine renewables Innosea.